2. Strategy
- The determination of the basic long-term
goals of an enterprise, and the adoption of
courses of action and the allocation of
resources necessary for carrying out these
goals.
3. Why do we strategize?
Provides direction and action plans
Prioritize and aligns activities
Defines accountabilities
Enhances communication and
commitment
Provides framework for ongoing
decision making
4. Strategic Management
Provides over-all direction to an
enterprise and involves specifying the
organization’s objectives, developing
policies and plans to achieve those
objectives, and then allocating
resources to implement plans.
5. Strategic Management
Over-all direction - VISION
Specifying the organization’s objectives
- MISSION
Developing policies – CORE VALUES
Plans to achieve those objectives, and
then allocating resources to implement
plans. – STRATEGIC PLANNING
7. Strategic Management
CORE VALUES
C – Compassion
A – Accountability
R – Responsiveness
I – Integrity and Innovation
N – Nurturing
G – Good Servant
8. Strategic Management
Involves the formulation and
implementation of the major goals and
initiatives taken by an organization’s top
managers on behalf of owners, based on
consideration of resources and an
assessment of the internal and external
environment in which the organization
operates.
9. Strategic Management
FORMULATION of GOALS
Involves analyzing the environment
which the organization operates, then
making a series of strategic decisions
about how the organization will
compete.
10. Strategic Management
…….. analyzing the environment.
a. Remote External Environment (PESTLE)
b. Industry Environment – behavior of rival
organization
c. Internal Environment (SWOT)
***Internal and External Issues
11. Strategic Management
…….. analyzing the environment.
d. Who are your interested parties?
- Internal
***Needs and expectations of Interested parties
- External
e. What are their needs and expectations?
12. Strategic Management
IMPLEMENTATION of GOALS
Involves decision regarding HOW the
organization’s resources will be aligned and
mobilized towards the objective. It results in
HOW the organization’s resources are
structured, leadership arrangements,
communication and monitoring mechanisms
to track progress towards objective among
others.
13. Activity 1– Individual Activity
Scan your external environment using PESTLE
Analysis
Scan your internal environment using SWOT
Analysis
Scan your interested parties using Stakeholder
Analysis
Review your Legal Requirement Registry
Review your Aspect-Impact
Review your Business Continuity Risk Assessment
Conduct GAP Analysis
16. Activity 2 –
Building the highest tower
• Group yourselves with five members
• Choose your group leader
• Think of your group name
• Prepare a cheer that is relevant to your
group
17. Activity 2
• Allow space for each group
• Make sure all groups have materials
Pasta
Rubber band
Tape
Bond Paper
18. Discussion
The group leader will present
how they plan;
How they designate;
How they communicate;
How they maximize resources;
How they work as a team;
Learnings from the activity
19. What is PLANNING?
Planning is the process of thinking about the
activities required to achieve a desired goal.
20.
21. What is PLANNING?
** Crisis can be managed and
contingencies can be handled with
effective planning.
22. What is PLANNING?
** For any step that you have to carry
on, you need to have a plan. Each
planned step takes you closer to your
goal. Planning will give you a direction
to achieve your target in a simpler way.
23. What is PLANNING?
** Effective planning not only
saves time and money but also
helps to avoid effort from being
wasted and to conserve resources.
24. Benefits of PLANNING
Planning is chalking out what course of
action your propose to undertake
Planning gives an approximation of the time
required for completing any task
It gives fairly good idea about the expenses
involved in the task
25. Benefits of PLANNING
It enables you to prepare for an emergency
A well thought plan gives you a clear idea
about what is to be done..everyday, every
week, and every month
Unnecessary effort and duplication of task
can be avoided with the help of proper
planning. If there are multiple people
involved, they can understand their roles.
26. STEPS of PLANNING
1. Define the TASK – Gather the need t know
information
All the facts and figures
The goals or objectives- what are we trying
to accomplish
27. STEPS of PLANNING
2. Identify the RESOURCES – Availability
What sources do we need to accomplish
the task?
What do we already have?
Where do we get what we do not have?
Are there any resources that require special
attention, advanced planning or significant
expense? Are there alternatives?
28. STEPS of PLANNING
3. Consider ALTERNATIVES – Alternate methods
Which technique will be best?
Are we prepared for equipment failure?
Do we have a back-up staff member if a
member of the team becomes ill??
Do we have provision for time constraints?
How should we arrange the resources?
29. STEPS of PLANNING
4. Create a PLAN
It should be written with precision and
focus
A written plan tells everyone what is
expected and when
It provides a permanent record of the
details of the plan
It can serve as checklist for what is done
and what needs to be done.
30. STEPS of PLANNING
5. Work on the PLAN
Be sure you are ready
Review previous steps
Do it
Keep up with the written plan, but be
flexible and make adjustments if required
31. STEPS of PLANNING
6. Evaluate the PLAN
Have I achieved it?
Will I follow the plan all over again?
If not, what changes would I make?
32. 4 Types of PLAN
1. STRATEGIC PLAN
Designed with the entire
organization in mind.
Top level managers will design and
execute strategic plans.
33. 4 Types of PLAN
2. TACTICAL PLAN
Support strategic plans by translating
them into specific plans relevant to a
distinct area of the organization
Concerned with the responsibility and
functionality of lower level departments
to fulfill their parts of strategic plan.
34. 4 Types of PLAN
3. OPERATIONAL PLAN
Plans that are made by frontline or
low-level managers. Focused on specific
procedures and processes that occur
within the lowest level s of the
organizations.
35. 4 Types of PLAN
4. CONTINGENCY PLAN
A plan devised for an outcome rather
than in the usual plan.
Often used for risk management for an
exceptional risk that, though unlikely,
would have catastrophic consequences.
36. Strategic Planning
Strategic planning is an organization’s
process of defining its strategy, or
direction, and making decision on
allocating its resources to pursue this
strategy.
37. Strategic Planning
-it is a continuous and systematic
process to define how an institution
will move over a period of years, from
where it is to where it wants to be
38. Strategic Planning
It is an organizational management activity
Set priorities
Focus energy and resources
Strengthen operation
Ensure that all workers and shareholders
are working towards a common goal
Establish agreement on intended outcome
Adjust the organization’s direction in
response to a changing environment
39. Strategic Planning Principles
1. Accountability
Strategic planning is managerial
accountability inherent to top
management roles.
Commitment
40. Strategic Planning Principles
2. Corporate Strategic Planning Principle
-Relates to the scope and level of the
organization for the strategic planning.
Coordination and Performance
41. Strategic Planning Principles
3. Tracking Corporate Performance
-Strategic planning requires
performance metrics that track the
progress of the organization as a
corporate whole.
Monitoring and Evaluation
42. Strategic Planning Principles
4. Relating to Decision Making
-Strategic planning involves deciding on
strategies that have a high probability of
achieving satisfactory performance at a
very low risk of organizational failure.
Risk Assessment/SWOT
Analysis/ Documentation
43. Strategic Planning Principles
5. Engagement in the process
-Do with the participation in the
process; open up the process to at least
three layers of management in the
organization and be open to viewpoints
and information.
Collaboration
44. 5 Key Factors to Successful Strategic
Planning
1. Engagement
A key element in the process is the
engagement of all levels of staff
throughout the organization. Staff
engagement generates additional
input and helps build their
commitment to the plan.
45. 5 Key Factors to Successful Strategic
Planning
2. Communication
Strategic planning processes are
successful when bottom up and top
down communication approach is
taken.
All levels of employees are informed that
a strategic planning will be undertaken
and includes how they will be involved in
the process.
46. 5 Key Factors to Successful Strategic
Planning
3. Innovation
Develop a new product or
deliver a new service or re-
structure a department, etc.
Innovate processes to manage
the strategy.
47. 5 Key Factors to Successful Strategic
Planning
4. Project Management
Develop prioritization of
these projects and goals.
48. 5 Key Factors to Successful Strategic
Planning
5. Culture
All employees should believe
that change is worthwhile and
everyone’s responsibility.
Establishes a clear direction of the organization
how things will be achieved
2. Making choices, establishing priorities, allocating resources
3. Defines clear lines of accountability and timelines
4. Alignment of organizational activities and foster commitment at all level
5. Provides a reference point in decision making
Strategic planning is central to top management.
Responsibility and accountability is not an extra…, it is a responsibility
-give examples,
Planning for improving the long run performance of the organization as a whole and not the naming of the process.
Defining the purpose of the organization in terms of delivering a clearly defines benefit to a level satisfactory to the intended beneficiaries.
Top managers make hard choices from among many apparently desirable options.
Vital that the strategic panning results in decisions that are robust.
Strategic decisions should make it clear what the organization is rejecting, as well as to what it is committing.
Louis Pasteur – chance favors only a prepared mind.
Planning is a matter of taking advantage of the real opportunities.