Website design By BotEap.comThis TQM article provides insight into a typical strategic planning process that was used in various organizations and proved to be very practical in implementation. The key processes of this typical Strategic Planning Process are organized in 7 steps. The detail of each step is illustrated below: –

Website design By BotEap.comStep 1: review or develop the vision and mission

Website design By BotEap.comAble to obtain first-hand information from various stakeholders (shareholders, customers, employees, supplier communities, etc.).

Website design By BotEap.comYou can use templates to assess how stakeholders think about your organization. Know if your action is aligned with the objectives of the organization.

Website design By BotEap.comReview or develop the Vision and Mission of the company with the participation of other stakeholders to ensure that it is still up to date with business changes and new challenges. Also use this session as a means of communication.

Website design By BotEap.comStep 2: business and operational analysis (SWOT analysis, etc.)

Website design By BotEap.comOne of the key considerations in strategic planning is understanding internal (organization’s own) strengths and weaknesses, as well as external threats and opportunities. These are commonly known as the four factors of a SWOT analysis.

Website design By BotEap.comEngaging multiple stakeholders to provide their views on your organization is key. In the process, you will gain greater buy-in from these policy and strategy implementers.

Website design By BotEap.comStep 3: develop and select strategic options

Website design By BotEap.comYou can use templates to develop several possible key strategies to address your organization’s goals. More importantly, these possible strategies are developed based on stakeholder input (step 1) and business and operations analysis (step 2).

Website design By BotEap.comOften several possible strategies are developed and all seem important. Since it is quite normal for an organization to have several key issues to address, you will be able to use the appropriate tools to select some of the possible strategies. You will be able to apply various prioritization tools as presented in this step.

Website design By BotEap.comStep 4: set strategic goals

Website design By BotEap.comDuring this step, you will be able to see the big picture of the organization and you will be able to select some strategic options objectively. The template can be used to understand various strategic options, establish key measures, and a comprehensive timeline to ensure selected strategic options are achieved.

Website design By BotEap.comWhile it is quite common for top management to give the measurements and the schedule, the intent of Step 4 is for these measurements and the schedule to be SMART. What it meant was Specific (S), Measurable (M), Achievable (A), Realistic (R), and Time-bound (T). When the strategic choices are SMART, it will help facilitate communication down the organizational hierarchy for implementation.

Website design By BotEap.comStep 5: strategy execution plan

Website design By BotEap.comMany organizations failed to realize the full potential of their strategies due to poor implementation. In this Step 5, a suitable implementation plan is developed to implement these strategies.

Website design By BotEap.comStep 6: set resource allocation

Website design By BotEap.comVery often, the management team assigned selected strategies to key personnel and left the individual to carry out the task. While most organizations operate with minimal resources, work overloaded by individuals often ends up.

Website design By BotEap.comStep 7: execution review

Website design By BotEap.comOne of the key success factors in deploying an effective strategy is constantly reviewing your progress and making decisions about any deviations to plan. It is vital to decide what to review and with whom to conduct the review. A new decision may be required as the state of the strategies progresses.

Website design By BotEap.comIn summaryFollow these 7 steps in strategic planning to ensure multiple options are considered, including your execution, resource allocation, and execution review. These 7 steps form a complete cycle for new or existing strategic planning initiatives.