Strategic Planning PRESENTED BY: LAMPAD, MARY JOY R. MBA PRESENTED TO: FR. RENATO TAMPOL, SVD, PhD Introduction Strategic planning Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization. 2 Introduction Strategic planning Strategy is a framework of plans or methods that help the organization achieve its main objective. Designing a course of action to achieve smaller goals that ultimately lead to the company’s main aim. The strategy has been derived from the Greek word, ‘strategos’, which means generalship. 3 4 OUR WHY: Vision establishes the intended future of the Organization. Organization. Mission articulates the basic purpose of the Organization. Organization. Core values create standards to accomplish the mission and vision. and vision. 5 Vision in strategic planning refers to a clear and inspiring description of what an organization wants to achieve in the long term. It is a statement that outlines the future direction and aspirations of the organization 6 7 8 Values In strategic planning, values are an integral part of an organization's identity and guide its actions, decisions, and behavior. They represent the beliefs, principles, and ethical standards that guide an organization's culture and interactions with its stakeholders. Incorporating values into strategic planning helps align the organization's goals with its core beliefs and ensures consistency in decisionmaking. 9 OUR WHAT: Assess the current situation is a SWOT Analysis that analyzes the factors influencing the factors influencing the potential success or failure of achieving the mission and achieving the mission and vision. Strategic goals are major milestones toward accomplishing the mission and vision. mission and vision. Focus areas capture high-level priorities for achieving each strategic plan goal strategic plan goal 10 STRATEGIC GOALS Here are some characteristics of strategic goals: 11 Aligned with Mission and Vision. Specific and Measurable. Realistic and Attainable. Time-Bound Prioritized Integrated and Cohesive FOCUS AREA in strategic planning refers to a specific area or aspect of an organization's operations or goals that requires special attention and focus. Identification. Prioritization. Goal Alignment. Strategic Initiatives. Performance Monitoring. 12 13 OBJECTIVES in strategic planning are specific, measurable, and time-bound goals that an organization sets to fulfill its strategic goals. Here are some key characteristics and examples of objectives: 1. Increase market share by 10% within the next fiscal year. 2. Launch three new product lines by the end of the current quarter. 3. Improve customer satisfaction ratings from 75% to 90% within six months. 4. Reduce operational costs by 15% by implementing process improvements within the next year. 5. Increase employee engagement scores from 70% to 85% within the next six months. 6. Expand into three new geographic markets by the end of the next financial year. 14 ACTION ITEMS Organizations can focus their efforts, measure progress, and ensure alignment with ensure alignment with their strategic goals by setting clear and specific objectives. specific objectives. 1. 2. 3. 4. 5. 6. 7. 8. Define clear goals and objectives. Conduct a SWOT analysis. Analyze the competitive landscape. Determine resource allocation. Develop action plans. Monitor progress. Communicate and engage stakeholders Evaluate and learn. 15 Performance measures, or key performance indicators (KPIs), are used to assess an organization's progress toward its goals and objectives. They provide quantitative and qualitative data that help monitor performance, identify areas for improvement, and make informed decisions. Here are some common types of performance measures: 1. Financial Performance Measures. 2. Customer Satisfaction Measures. 3. Quality Measures. 4. Employee Performance Measures. 5. Productivity Measures. 6. Process Efficiency Measures. 7. Sustainability Measures. 16 17 A PESTLE analysis studies the key external factors (Political, Economic, Sociological, Technological, Environmental, and Legal) that influence an organization. It can be used in a range of different scenarios and can guide people professionals and senior managers in strategic decisionmaking. 18 SWOT analysis it is an analysis framework for identifying the strengths, weaknesses, opportunities, and threats facing a business. Use it to inform strategic decision-making. 19 20 A balanced scorecard (BSC) is defined as a management system that provides feedback on both internal business processes and external outcomes to continuously improve strategic performance and results. 21 22 The Importance of Strategic planning in different sectors are: In Education, strategic planning can help schools and universities develop their curriculum. In Health care, strategic planning can help hospitals and clinics improve their quality of care, patient satisfaction, operational efficiency, and financial sustainability. In Nonprofits, strategic planning can help organizations define their mission, vision, and values, and identify their target beneficiaries and stakeholders. In Manufacturing, strategic planning can help companies optimize their production processes, reduce their costs and waste improve their product quality and customer satisfaction, Top 9 Benefits of Strategic Planning in an organization Improves Staff Retention and Satisfaction. Enhanced Communication Between Employers and Employees. Increase Durability and Sustainability. Increase Profitability. Create Longevity of Business. Empowers Individuals Working in an Organization. Create a Sense of Direction. REFERENCES https://www.bernco.gov/finance/strategic-plan-framework-2/ https://www.slideshare.net/BabyFaith1/strategic-planning-87022571 https://www.slideshare.net/BabyFaith1/strategic-planning-87022571 25 Thank you