<?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/' xmlns:georss='http://www.georss.org/georss' xmlns:gd='http://schemas.google.com/g/2005' xmlns:thr='http://purl.org/syndication/thread/1.0'><id>tag:blogger.com,1999:blog-1914637750467615493</id><updated>2012-01-21T01:16:15.418-08:00</updated><title type='text'>Online Courses : Strategic Planning</title><subtitle type='html'>This course will help you understanding why strategic planning is necessary to successfully manage an organization's planning process.</subtitle><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='http://onlinecourse-s.blogspot.com/feeds/posts/default'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default?max-results=100'/><link rel='alternate' type='text/html' href='http://onlinecourse-s.blogspot.com/'/><link rel='hub' href='http://pubsubhubbub.appspot.com/'/><author><name>Bloggeur</name><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><generator version='7.00' uri='http://www.blogger.com'>Blogger</generator><openSearch:totalResults>5</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>100</openSearch:itemsPerPage><entry><id>tag:blogger.com,1999:blog-1914637750467615493.post-4946359515800724875</id><published>2008-09-22T10:10:00.000-07:00</published><updated>2009-03-31T02:55:16.128-07:00</updated><title type='text'>Preliminary Considerations</title><content type='html'>&lt;h3 id="1"&gt;What is Strategic Planning?&lt;/h3&gt; &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;essence of management includes&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;ability to plan. As you work your way up&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;organization, planning moves from operational to strategic. Strategic Planning is one of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;principal responsibilities of upper-level management. Once management decides on&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;Strategic Plan, lower-level managers implement&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;Strategic Plan through an Operating Plan.&lt;br /&gt;&lt;br /&gt;Strategic Planning attempts to answer a very fundamental question: Where do we want to be one year from now, two years from now, three years from now, etc.? Strategic Planning requires that an organization develop a vision of itself - how do we see ourselves in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;future? Strategic Planning looks at&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;big picture from a long-range perspective whereas&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;Operating Plan represents&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;specific tactics for carrying out&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;Strategic Plan year to year.&lt;br /&gt;&lt;br /&gt;Strategic Planning is a process whereby an organization makes choices about: &lt;ul&gt;&lt;li&gt; Why do we exist?&lt;/li&gt;&lt;li&gt; What are&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;major goals of this organization?&lt;/li&gt;&lt;li&gt; What resources do we need for a successful future?&lt;/li&gt;&lt;li&gt; Who will be our customers?&lt;/li&gt;&lt;/ul&gt;  &lt;div style="text-align: right;"&gt;&lt;br /&gt;&lt;/div&gt; &lt;h3 id="2"&gt;Why do Strategic Planning?&lt;/h3&gt; Strategic Planning helps management understand&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;current situation. This in turn allows management to plan for&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;future. In a world of rapid change, it is becoming imperative for management to think strategically (plan for&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;future). And since&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;rate of change seems to be escalating, &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;importance of strategic planning continues to grow. In fact, &lt;layer id="google-toolbar-hilite-15" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;best-managed companies tend to engage in continuous strategic planning. Some organizations have intuitive thinkers who almost seem to see into&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;future. Therefore, strategic planning is a way of preparing for&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;future by attempting to simulate&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;future.&lt;br /&gt;&lt;br /&gt;Strategic Planning has a tendency to force people to think about&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;future. This is extremely important since many organizations are inward thinking, focusing too much on&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;short-term. Strategic planning looks at&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;long-term which is how organizations survive and thrive. It has been proven that organizations that focus on&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;long-term through strategic planning outperform organizations that lack long-term planning. Consequently, one of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;benefits of strategic planning is long-term performance and growth. Another benefit of strategic planning is communication. Strategic Plans communicate&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;intentions of management to employees, shareholders, and others. &lt;div style="text-align: right;"&gt;&lt;br /&gt;&lt;/div&gt; &lt;h3 id="3"&gt;Limitations of Strategic Planning&lt;/h3&gt; Strategic Planning should not be viewed as a guarantee to future success. Strategic Planning has limitations, such as&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;following:&lt;br /&gt;&lt;br /&gt;1. Strategic Planning is not a way of making future decisions. There is no way anyone can predict&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;future. Strategic Planning provides overall guidance and direction based on what we think will happen.&lt;br /&gt;&lt;br /&gt;2. Strategic Planning is not a blueprint for&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;future. There are too many changes taking place - &lt;a href="http://online--course.blogspot.com/2008/09/financial-marketplace.html"&gt;marketplace&lt;/a&gt; is changing, customer preferences are changing, new competition, new technologies, new opportunities, declining financial condition, etc. Strategic Planning is a dynamic process, which is receptive to change.&lt;br /&gt;&lt;br /&gt;3. Strategic Planning cannot resolve critical situations threatening&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;organization. Strategic Planning will not get you out of a crisis. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;organization should be stable before engaging in strategic planning.&lt;br /&gt;&lt;br /&gt;4. Strategic Planning should not replace good intuitive judgements. If an organization is lucky enough to have good intuitive thinkers, then exercise extreme care before embarking on formal strategic planning. You do not want to destroy intuitive thinking within&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;&lt;layer id="google-toolbar-hilite-30" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;organization.&lt;br /&gt;&lt;br /&gt;5. Strategic Planning will not identify all critical issues related to&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;organization. Strategic Planning attempts to identify&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;most significant issues that will confront&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;organization. By focusing on major issues, strategic plans minimize&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;detail and thereby improve&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;&lt;layer id="google-toolbar-hilite-35" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt; chances for successful implementation.  &lt;h3 id="4"&gt;Specific Problems Associated with Strategic Planning&lt;/h3&gt; In addition to limitations, strategic planning can raise new problems for an organization. Some of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;pitfalls associated with strategic planning include:&lt;br /&gt;&lt;br /&gt;1. Strategic Planning is difficult. It requires that people think differently. Strategic planning needs to be a creative process with new ideas. Many people are not well suited for this type of decision making. New relationships and roles are often necessary within strategic planning. Some people are not comfortable with new activities and tasks.&lt;br /&gt;&lt;br /&gt;2. Strategic Planning is time consuming. It requires&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;involvement of people, not to mention research time, reallocating resources, changing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;organization, etc. All of this can drain&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;&lt;layer id="google-toolbar-hilite-39" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt; organization, especially if resources are scarce. 3. Strategic Plans can be bad! Poor assumptions, overly optimistic projections, and other bad decisions can result in a bad strategic plan. A bad strategic plan will lead to serious problems fororganization.&lt;br /&gt;&lt;br /&gt;4. Impossible to Implement. If upper-level management fails to support&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;Strategic Plan, then implementation will be impossible and&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;overall process will have been wasted. Additionally, there can be internal resistance to strategic planning. People resist strategic planning for several reasons: Does not make sense, not enough time, do not understand why we are doing this, etc.&lt;br /&gt;&lt;br /&gt;Since strategic planning raises critical issues, it usually leads to change. Therefore, it will be important to understand how to implement change. You can reduce&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;impact of change on people by following these guidelines:&lt;br /&gt;&lt;br /&gt;1. Allow some input and involvement from people. As long as people have a say in change, they tend to accept it better.&lt;br /&gt;&lt;br /&gt;2. Try to avoid threatening&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;security of people. When change affects&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;security of people, they will resist.&lt;br /&gt;&lt;br /&gt;3. Make sure change follows a pattern of previous decisions that were successful. If you are trying to implement change after several failed attempts, your chances of success are poor.&lt;br /&gt;&lt;br /&gt;4. Make sure everyone understands why change is taking place.&lt;br /&gt;&lt;br /&gt;5. Change should take place based on planning. Change should never be experimental. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;best way to plan for change is within&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;strategic planning process. And since change is so prevalent throughout an organization, almost every manager should make strategic planning part of his or her job. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;next step in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;process is to organize how a strategic plan will be developed.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1914637750467615493-4946359515800724875?l=onlinecourse-s.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://onlinecourse-s.blogspot.com/feeds/4946359515800724875/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=1914637750467615493&amp;postID=4946359515800724875' title='1 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default/4946359515800724875'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default/4946359515800724875'/><link rel='alternate' type='text/html' href='http://onlinecourse-s.blogspot.com/2008/09/preliminary-considerations.html' title='Preliminary Considerations'/><author><name>Bloggeur</name><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media='http://search.yahoo.com/mrss/' url='http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s72-c/online-courses-the-image.png' height='72' width='72'/><thr:total>1</thr:total></entry><entry><id>tag:blogger.com,1999:blog-1914637750467615493.post-2429535652162237788</id><published>2008-09-22T10:09:00.000-07:00</published><updated>2009-03-30T13:22:34.840-07:00</updated><title type='text'>Organizing the Process</title><content type='html'>Our first step within strategic planning begins with organizing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;process. Before we start to organize the process, we need to make sure&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;organization is ready for strategic planning. For example, if strategic planning is new to the organization, then we want to proceed slowly. Maybe too much is happening within&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;organization and thus, strategic planning should be postponed. It is important to recognize that strategic planning works best when:&lt;br /&gt;&lt;br /&gt;1. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="management process, strategic plan, strategy" /&gt;&lt;/sub&gt;organization has good management.&lt;br /&gt;2. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="management process, strategic plan, strategy" /&gt;&lt;/sub&gt;organization has good channels of communication.&lt;br /&gt;3. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="management process, strategic plan, strategy" /&gt;&lt;/sub&gt;organization is open to new ideas.&lt;br /&gt;4. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="management process, strategic plan, strategy" /&gt;&lt;/sub&gt;organization is not buried in rules and bureaucracy.&lt;br /&gt;&lt;br /&gt;Since there is no "right" process, you have to determine if strategic planning fits within your organization. Is the timing right? Is management committed to&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;process? Do we have the right mind-set? For example, if&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;organization is dominated by operating people who think short-term, then you may want to proceed cautiously with strategic planning. You also need to be sold on&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;benefits of strategic planning. As previously indicated, strategic planning is a process whereby you prepare for&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;future by looking at your choices. &lt;div style="text-align: right;"&gt;&lt;br /&gt;&lt;/div&gt; &lt;h3 id="1"&gt;Start Organizing&lt;/h3&gt;Strategic planning starts by planning for the plan; i.e. we have to outline&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;process before we begin the process. There are several questions that need to be addressed for organizing the process: &lt;ul&gt;&lt;li&gt;Who will do&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;strategic plan?&lt;/li&gt;&lt;li&gt;What are we suppose to do?&lt;/li&gt;&lt;li&gt;How will we do it?&lt;/li&gt;&lt;/ul&gt;&lt;br /&gt;&lt;br /&gt;Specifically, organizing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;strategic planning process includes the following steps:&lt;br /&gt;&lt;br /&gt;1. Determine what is expected and communicate this to everyone who will be involved in developing the Strategic Plan. What issues should&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;plan address? Obtain a definitive statement from the Chief Executive Officer or President stating what he or she expects out of the Strategic Plan. Circulate an outline to all major participants in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;process.&lt;br /&gt;&lt;br /&gt;2. Gather preliminary information for the plan, such as&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;current mission of the organization, major goals in progress, and other plans already implemented. Survey key managers and determine critical issues of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;future.&lt;br /&gt;&lt;br /&gt;3. Determine the scope of the strategic plan. What is&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;planning period? Generally, &lt;layer id="google-toolbar-hilite-34" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; planning period should cover enough time to shift &lt;layer id="google-toolbar-hilite-35" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; direction of &lt;layer id="google-toolbar-hilite-36" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; organization towards a desired situation. What is &lt;layer id="google-toolbar-hilite-37" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; organizational scope of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;plan? Will &lt;layer id="google-toolbar-hilite-39" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; plan cover &lt;layer id="google-toolbar-hilite-40" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; entire organization or maybe certain divisions or units?&lt;br /&gt;&lt;br /&gt;4. Reach consensus from essential participants on how&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;planning process will work. Also, determine how different stakeholder groups will be involved in &lt;layer id="google-toolbar-hilite-42" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; process. Prepare a sequence of steps which will guide&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;process.&lt;br /&gt;&lt;br /&gt;5. Finalize&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;formation of a planning committee. Who will be involved? Who will manage &lt;layer id="google-toolbar-hilite-45" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; process? Assign responsibilities and determine resource requirements.&lt;br /&gt;&lt;br /&gt;&lt;span class="quote"&gt; EXAMPLE 1  - Preliminary Checklist to Organize &lt;layer id="google-toolbar-hilite-46" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; Process&lt;br /&gt;&lt;br /&gt;1. Based on &lt;layer id="google-toolbar-hilite-47" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; concerns of key managers and&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;possible benefits of strategic planning, we should: ____ Proceed to Develop a Strategic Plan , ____ Go Slow , ___ Not Now, too much going on&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;2. A Strategic Plan should be developed for: ____ Entire Organization, ____Part of Organization, ____Project, ____Other&lt;br /&gt;&lt;br /&gt;3. &lt;layer id="google-toolbar-hilite-49" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="management process, strategic plan, strategy" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;&lt;layer id="google-toolbar-hilite-49" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;planning period will cover: ___ 1 Year / ___ 2 Years / ___ 3 Years / ____Other__&lt;br /&gt;&lt;br /&gt;4. &lt;layer id="google-toolbar-hilite-50" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="management process, strategic plan, strategy" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;&lt;layer id="google-toolbar-hilite-50" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;planning process will be directed by: ___Group Leader, ___Planning Committee, ___Consultant, ____Other__________&lt;br /&gt;&lt;br /&gt;5. &lt;layer id="google-toolbar-hilite-51" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="management process, strategic plan, strategy" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;&lt;layer id="google-toolbar-hilite-51" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;Strategic Plan will be developed with participation by: (check all that apply): ____Board of Directors / ___Executive Management / ___Key Staff Groups_______________________________________ / ___Key Stakeholder Groups_______________________________________&lt;br /&gt;&lt;br /&gt;6. &lt;layer id="google-toolbar-hilite-52" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="management process, strategic plan, strategy" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;&lt;layer id="google-toolbar-hilite-52" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;Strategic Plan is expected to be submitted for approval by: ________________________  &lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="management process, strategic plan, strategy" /&gt;&lt;/sub&gt;approach used for strategic planning will depend upon&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;organization and management. If upper-level management has been unsuccessful in &lt;layer id="google-toolbar-hilite-55" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-34" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; past with strategic planning, then a more bottom-up approach is needed. If&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;organization is small, then a team approach may work well. Larger organizations tend to favor a more formal process. However, too much formality can lower creative thinking and new ideas. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;process should be open and not ritualistic.&lt;br /&gt;&lt;br /&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;objective of organizing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;process is to ensure that you end-up producing a good strategic plan. By staying focused on critical issues and alternatives, good planning will emerge. Do not be afraid to use some judgements and move quickly. A drawn-out process can wander and become outdated by a rapidly changing environment.&lt;br /&gt;&lt;br /&gt;&lt;span class="quote"&gt; EXAMPLE 2 - Napa Distributors Inc - Outline for Strategic Planning&lt;br /&gt;&lt;br /&gt;1. Select a steering committee to direct &lt;layer id="google-toolbar-hilite-60" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-37" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; strategic planning process.&lt;br /&gt;2. Select an outside consultant to assist with&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;process.&lt;br /&gt;3. Get agreement on&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;planning steps, responsibilities, timeline, etc. Review agreement with Board of Directors.&lt;br /&gt;4. Gather information from key management personnel on strength's, weaknesses, opportunities, threats, and critical issues.&lt;br /&gt;5. Summarize current plans and mission. Review past successes and failures for last three years.&lt;br /&gt;6. Review history with committee and board members. Determine recent progress and status.&lt;br /&gt;7. Summarize prior meetings and draft a basic plan.&lt;br /&gt;8. Review draft plan with focus groups, board, and key management personnel. Make revisions and finalize a complete strategic plan.&lt;br /&gt;9. Final review by various groups.&lt;br /&gt;10. Obtain approval of Strategic Plan.&lt;br /&gt;11. Implement&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;Strategic Plan.&lt;br /&gt;12. Review progress after six months and revise plan.   &lt;/span&gt;&lt;br /&gt;&lt;br /&gt;Finally, recognize that each organization is different and&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;planning process will vary. Start simple and match &lt;layer id="google-toolbar-hilite-65" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-39" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; capabilities of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;organization with a process that is workable. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand importance of strategic planning in organization" /&gt;&lt;/sub&gt;first step for three different companies is illustrated below:&lt;br /&gt;&lt;br /&gt;Excaliber Corporation -  Determine what kind of company we want to be - &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;company has not changed in over ten years.&lt;br /&gt;&lt;br /&gt;PPC Software - Outline &lt;layer id="google-toolbar-hilite-69" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-41" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; basic tasks for a strategic plan and&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how organizing the process, strategy plan" /&gt;&lt;/sub&gt;desired results. Allow &lt;layer id="google-toolbar-hilite-71" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-42" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; process to flow from this outline.&lt;br /&gt;&lt;br /&gt;Alliston Trucking Company -  Initiate a learning program for management on strategic planning.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1914637750467615493-2429535652162237788?l=onlinecourse-s.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://onlinecourse-s.blogspot.com/feeds/2429535652162237788/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=1914637750467615493&amp;postID=2429535652162237788' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default/2429535652162237788'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default/2429535652162237788'/><link rel='alternate' type='text/html' href='http://onlinecourse-s.blogspot.com/2008/09/organizing-process.html' title='Organizing the Process'/><author><name>Bloggeur</name><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media='http://search.yahoo.com/mrss/' url='http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s72-c/online-courses-the-image-min.png' height='72' width='72'/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-1914637750467615493.post-5190982662398270489</id><published>2008-09-22T10:08:00.000-07:00</published><updated>2009-03-30T13:58:24.897-07:00</updated><title type='text'>Asset Management Ratios</title><content type='html'>Once you have organized&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;process, the next step in the process is to assess your current situation. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="strategic planning in the organization, how does it work" /&gt;&lt;/sub&gt;organization needs to take a hard look at itself - Where are we going? Where are we now? What are our choices? In order to assess your current situation, you will need to collect information so that everyone understands&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;current situation. This will involve a review of past history, a critique of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;current mission statement, analysis of organizational strength's, weaknesses, opportunities, and threats. You also need to understand&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;external environment - current competition, customer trends, technology trends, demographic changes, etc.&lt;br /&gt;&lt;br /&gt;Information can be collected through surveys, questionnaires, interviews, and other analytical techniques. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="strategic planning in the organization, how does it work" /&gt;&lt;/sub&gt;planning team will conduct situational analysis by following a series of steps, such as&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;following:&lt;br /&gt;&lt;br /&gt;1. Collect background information to assess the situation. Start with a history of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;organization, current mission, significant changes, stages of growth, etc. Have someone give a presentation on the history of the organization. Reach consensus on how successful the organization has been in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;past few years.&lt;br /&gt;&lt;br /&gt;2. Assess the strengths and weaknesses of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;organization. Confine your list to the most significant strengths and weaknesses. Reach agreement on a good list. This list will help in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;development of strategic objectives.&lt;br /&gt;&lt;br /&gt;3. Next, develop a list of significant opportunities and threats facing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;organization's future. You will need to gather information about external forces - customers, competition, social trends, technology, political, etc. If&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;planning team comes up with a long list, ask everyone to list&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;most significant eight and reach consensus on a list of eight opportunities and threats.&lt;br /&gt;&lt;br /&gt;4. Now that you have identified strengths, weaknesses, opportunities, and threats, you need to review the mission statement. Does it fit? Should it be broader or more narrowly focused? A good mission statement should capture&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;essence of why your organization exists. A good mission statement includes the following characteristics:&lt;br /&gt;&lt;br /&gt;- Provides overall direction and vision for&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;organization.&lt;br /&gt;- Conveys an image of success for addressing the future.&lt;br /&gt;- Defines the competitive boundaries of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;organization.&lt;br /&gt;- Usually is expressed in relation to &lt;a href="http://online--course.blogspot.com/2008/09/financial-marketplace.html"&gt;marketplace&lt;/a&gt; served and products / services.&lt;br /&gt;- Avoids being too specific so as to allow room for change.&lt;br /&gt;&lt;br /&gt;&lt;span class="quote"&gt; EXAMPLE 3 - PPC Software - Strengths and Weaknesses  &lt;strong&gt;Strengths:&lt;/strong&gt;&lt;br /&gt;Research &amp;amp; Development is finding new product innovations.&lt;br /&gt;Customer loyalty is strong - high repeat customers.&lt;br /&gt;Good reputation for quality software programs.&lt;br /&gt;&lt;strong&gt;Weaknesses:&lt;/strong&gt;&lt;br /&gt;Organization is top heavy with Managers.&lt;br /&gt;Market share is declining from new competition.&lt;br /&gt;Internal production facilities need upgrading. &lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;span class="quote"&gt; EXAMPLE 4 - Excaliber Corporation - Opportunities and Threats&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Customers:&lt;/strong&gt;&lt;br /&gt;Customers are demanding a personal level of service in several areas - technology, consulting, planning, etc.&lt;br /&gt;&lt;strong&gt;Competition:&lt;/strong&gt;&lt;br /&gt;Larger organizations have more resources for providing a better diversity of services to customers.&lt;br /&gt;&lt;strong&gt;Technology:&lt;/strong&gt;&lt;br /&gt;&lt;layer id="google-toolbar-hilite-29" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="strategic planning in the organization, how does it work" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;&lt;layer id="google-toolbar-hilite-29" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;Internet will become a major channel for distributing services. &lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="strategic planning in the organization, how does it work" /&gt;&lt;/sub&gt;main output from situational analysis is to compile a list of critical issues. A list of six to eight critical issues is&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;basis for preparing a formal strategic plan. It is helpful to categorize critical issues in relation to significance and probability of occurrence. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="strategic planning in the organization, how does it work" /&gt;&lt;/sub&gt;table below categorizes four different critical issues:&lt;br /&gt;&lt;br /&gt;&lt;img src="http://coursgratuits.net/en/4/images/1.PNG" /&gt;&lt;br /&gt;&lt;br /&gt;(1) &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="strategic planning in the organization, how does it work" /&gt;&lt;/sub&gt;diversity of products we offer is not wide enough to meet&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;demands of customers.&lt;br /&gt;(2) Overseas competition can produce similar products at much lower costs.&lt;br /&gt;(3) Customers are seeking fabrication services in addition to products only.&lt;br /&gt;(4) There is a shortage of highly skilled operating personnel.  &lt;div style="text-align: right;"&gt;&lt;br /&gt;&lt;/div&gt; &lt;h3 id="1"&gt;Situational Audits&lt;/h3&gt; One way to assess a situation is to conduct a situational audit. Situational audits represent an analysis of past, present, and future aspects of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;organization - production, marketing, financial, competition, etc. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="strategic planning in the organization, how does it work" /&gt;&lt;/sub&gt;objective of a situational audit is to identify key trends and events that will impact&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;organization. Situational audits also provide a way of discussing major issues. This can help jump-start&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;creative process when there is internal resistance.&lt;br /&gt;&lt;br /&gt;Just like situational analysis, situational audits gather basic information for preparing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;Strategic Plan - Mission Statement, Strengths, Weaknesses, Opportunities, Threats, and Critical Issues. Situational audits also include&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;expectations of stakeholder groups - executive management, operating personnel, investors, employees, customers, etc. Past performance is reviewed - sales, market share, product profitability, customer trends, etc. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="strategic planning in the organization, how does it work" /&gt;&lt;/sub&gt;Situational Audit is similar to situational analysis except that it is more formal and structured. Outside consultants are sometimes used to conduct situational audits.&lt;br /&gt;&lt;br /&gt;&lt;img src="http://coursgratuits.net/en/4/images/2.PNG" /&gt; &lt;div style="text-align: right;"&gt;&lt;br /&gt;&lt;/div&gt;  &lt;h3 id="2"&gt;Making Situational Analysis Work&lt;/h3&gt; At&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;heart of situational analysis is&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;need to better understand what is going on and to properly account for what is happening. This look inside and outside&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;organization leads to a list of 6 to 8 critical issues. Before we proceed to develop a strategic plan for dealing with these critical issues, it is imperative that we find some degree of overlap or matching with:&lt;br /&gt;&lt;br /&gt;- What it is you are trying to accomplish (Mission)&lt;br /&gt;- What are you capable of doing (Strengths and Weaknesses)&lt;br /&gt;- What is required and possible (Opportunities and Threats)&lt;br /&gt;&lt;br /&gt;If there is no overlap between these three elements of strategic planning, then you should not proceed to develop a formal strategic plan. For example, suppose your organization has &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;following mission statement:&lt;br /&gt;&lt;br /&gt;We want to be&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;global leader in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;manufacture of automotive spark plugs.&lt;br /&gt;However, your resources are limited to production and distribution in North America and certain parts of Europe. This lack of overlap or fit precludes a strategic plan. You need to go back and find&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;right fit before moving to&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;next phase in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;process - developing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="asset management ratios is necessary, strategy planing " /&gt;&lt;/sub&gt;strategic plan.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1914637750467615493-5190982662398270489?l=onlinecourse-s.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://onlinecourse-s.blogspot.com/feeds/5190982662398270489/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=1914637750467615493&amp;postID=5190982662398270489' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default/5190982662398270489'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default/5190982662398270489'/><link rel='alternate' type='text/html' href='http://onlinecourse-s.blogspot.com/2008/09/asset-management-ratios.html' title='Asset Management Ratios'/><author><name>Bloggeur</name><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media='http://search.yahoo.com/mrss/' url='http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s72-c/online-courses-the-image-min.png' height='72' width='72'/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-1914637750467615493.post-5988398230402272780</id><published>2008-09-22T10:07:00.001-07:00</published><updated>2009-03-30T14:13:58.116-07:00</updated><title type='text'>Developing the Strategic Plan</title><content type='html'>So far, we have accomplished two important steps: Organizing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="how to develop a strategic plan for companies" /&gt;&lt;/sub&gt;Process and Assessing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt; Situation. We are now ready to translate our critical issues into a formal plan. We can think of a strategic plan in terms of layers, working down from&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;top. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="how to develop a strategic plan for companies" /&gt;&lt;/sub&gt;Mission Statement is the top of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;ladder or pyramid. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="how to develop a strategic plan for companies" /&gt;&lt;/sub&gt;next layer is the strategic objectives of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;organization followed by strategic goals. Next, we move down to specific action steps for meeting the strategic goals. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="how to develop a strategic plan for companies" /&gt;&lt;/sub&gt;level of detail tends to increase as we move down&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;pyramid of the Strategic Plan:&lt;br /&gt;&lt;br /&gt;&lt;img src="http://coursgratuits.net/en/4/images/3.PNG" /&gt;&lt;br /&gt;&lt;br /&gt;We need to develop a set of strategic objectives that will address&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;significant critical issues of the future. Although critical issues are&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;main determinant of strategic objectives, the following criteria also need to be considered:&lt;br /&gt;&lt;br /&gt;1. Strengths, Weaknesses, Opportunities, and Threats (SWOT). This is a good place to start if you are not sure how to address critical issues. Remember you are trying to maintain a good fit with all elements from&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;planning process.&lt;br /&gt;&lt;br /&gt;2. Available resources that will affect what you can do. Strategic objectives should be developed based on&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;best use of resources.&lt;br /&gt;&lt;br /&gt;3. Tradeoffs between upper and lower management. Upper-level management will set ambitious objectives that are difficult for lower-level managers to meet. Therefore, a negotiation needs to take place between upper and lower management on final strategic objectives.&lt;br /&gt;&lt;br /&gt;4. Past performance adjusted for future trends should fit with strategic objectives. Once again, we are trying to find&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;right fit based on what we are capable of doing. Past performance is a good indicator of capabilities. In addition to the above criteria, strategic objectives should attempt to meet&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;following tests:&lt;br /&gt;&lt;br /&gt;1. Strategic objectives clearly support&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;Mission Statement by moving the organization in the right direction.&lt;br /&gt;&lt;br /&gt;2. Strategic objectives are realistic and achievable based on available resources, existing competition, management styles, etc.&lt;br /&gt;&lt;br /&gt;3. Strategic objectives are acceptable to those who have to implement&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;objectives in terms of costs, time, staffing, and other requirements.&lt;br /&gt;&lt;br /&gt;4. Strategic objectives are not rigid and allow for change given unplanned events.&lt;br /&gt;&lt;br /&gt;5. Strategic objectives are specific enough to allow for measuring progress.&lt;br /&gt;&lt;br /&gt;6. Strategic objectives are simple, easy to understand, and convey responsibilities to specific areas.&lt;br /&gt;&lt;br /&gt;&lt;span class="quote"&gt; EXAMPLE 6 - Strategic Objective No.4 for Appalachian Tree Growers&lt;br /&gt;&lt;br /&gt;Our objective is to increase market share in Western Europe by 10% over&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;next three years.    &lt;/span&gt;&lt;br /&gt;&lt;br /&gt;One of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;most common approaches to setting strategic objectives is the critical issues approach; i.e. looking at critical performance areas such as market share, product profitability, production efficiencies, employment practices, public responsibility, etc. However, we can also take three other approaches, scenario playing, organizational alignment and goals approach.&lt;br /&gt;&lt;br /&gt;Scenario Playing: Under scenario playing, several different alternatives are developed based on what could happen. What will&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;organization look like if this happens or this happens? This approach selects the preferred scenario based on the merits of each. Scenario playing is a better approach then the critical issue's approach when the organization has several different directions to choose from. On&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;other hand, scenario playing is not a good approach if&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;organization is simply trying to fine-tune or adjust its strategic plan.&lt;br /&gt;&lt;br /&gt;Organizational Alignment: Under this approach, you are trying to get all parts of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;organization to work together. This is required before you attempt to address critical issues with strategic objectives. Organizational alignment determines what is working and what is not working. What parts are holding&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;organization back? Strategic objectives are developed to re-align the organization so that everything is working properly.&lt;br /&gt;&lt;br /&gt;Strategic goals are the next layer within&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;Strategic Plan. Some organizations prefer to set goals rather than objectives, which leads us to a third approach, &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;Goals Approach. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="how to develop a strategic plan for companies" /&gt;&lt;/sub&gt; Goals Approach is straightforward. It focuses on goals since most people are very familiar with goal setting. A goals approach works well for larger organizations that have multiple business units or divisions. If&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;organization is small and/or&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;operating environment is rapidly changing, then a goals approach may not work.&lt;br /&gt;&lt;br /&gt;&lt;span class="quote"&gt;EXAMPLE 7 - Strategic Goal No.2 for Appalachian Tree Growers&lt;br /&gt;&lt;br /&gt;&lt;layer id="google-toolbar-hilite-45" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="how to develop a strategic plan for companies" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;&lt;layer id="google-toolbar-hilite-45" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt;Marketing Department will submit a promotional program by September 30th targeted at France, Germany, and Spain.     &lt;/span&gt;&lt;br /&gt;&lt;br /&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="how to develop a strategic plan for companies" /&gt;&lt;/sub&gt;key elements of a strategic plan are now in place - Mission, Objective, and Goals. It is time to pull all of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;elements together and draft&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;Strategic Plan. In order to make&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;plan complete, additional sections will be added. These sections include:&lt;br /&gt;&lt;br /&gt;1. Executive Summary: A one or two page summary of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;Strategic Plan which touches on &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;main components, such as mission, objectives, and current situation.&lt;br /&gt;&lt;br /&gt;2. Principles: &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="how to develop a strategic plan for companies" /&gt;&lt;/sub&gt;beliefs and values of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;organization can help add substance to&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;Strategic Plan.&lt;br /&gt;&lt;br /&gt;3. History: A brief summary about&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;organization. How did it get started? What significant events changed&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;direction of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;organization?&lt;br /&gt;&lt;br /&gt;4. Profile: Some basic facts about&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;organization, such as markets served, size of organization, major product lines, etc.&lt;br /&gt;&lt;br /&gt;5. Situational Analysis: A brief summary of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;strengths, weaknesses, opportunities, and threats now confronting&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;organization.&lt;br /&gt;&lt;br /&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="how to develop a strategic plan for companies" /&gt;&lt;/sub&gt;circulation of a draft strategic plan will sometimes prompt new ideas, new issues, and new objectives. Therefore, one of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;critical steps in strategic planning is to refine and adjust&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;draft plan. Get everyone to agree on&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;major objectives and goals since this will direct what&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;organization will do in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;next year or two. You must have a clear and concise strategic plan for easy translation into action steps. This is&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;next major step in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;process - developing an Operating Plan. And don't forget to evaluate&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;process so you can improve&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;next planning session.&lt;br /&gt;&lt;br /&gt;&lt;span class="quote"&gt;EXAMPLE 8 - Evaluation of&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;Strategic Planning Process&lt;br /&gt;&lt;br /&gt;1. Do you believe&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;strategic planning process was useful?&lt;br /&gt;&lt;br /&gt;2. Did&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;Strategic Plan produce&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;right results in regards to: Mission, Strengths, Weaknesses, Opportunities, Threats, Critical Issues, Identification of Competition, and Goals.&lt;br /&gt;&lt;br /&gt;3. Do you believe strategic planning improves&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;management of&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;organization?&lt;br /&gt;&lt;br /&gt;4. Does strategic planning fit within&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;organization?&lt;br /&gt;&lt;br /&gt;5. Do you believe strategic planning improved how assets are deployed?&lt;br /&gt;&lt;br /&gt;6. Do you believe that key groups affected by&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;Plan had sufficient opportunities for input into&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="strategic planning in * is necessary, strategy planing " /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;Plan?&lt;br /&gt;&lt;br /&gt;7. Do you believe&lt;/span&gt;&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="developing the strategic plan in * is necessary and important for an organization" /&gt;&lt;/sub&gt;&lt;span class="quote"&gt;time spent on strategic planning was appropriate?&lt;br /&gt;&lt;br /&gt;8. Did strategic planning follow a set of efficient steps?&lt;br /&gt;&lt;br /&gt;9. Did strategic planning facilitate new ideas?  &lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1914637750467615493-5988398230402272780?l=onlinecourse-s.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://onlinecourse-s.blogspot.com/feeds/5988398230402272780/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=1914637750467615493&amp;postID=5988398230402272780' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default/5988398230402272780'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default/5988398230402272780'/><link rel='alternate' type='text/html' href='http://onlinecourse-s.blogspot.com/2008/09/developing-strategic-plan.html' title='Developing the Strategic Plan'/><author><name>Bloggeur</name><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media='http://search.yahoo.com/mrss/' url='http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s72-c/online-courses-the-image.png' height='72' width='72'/><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-1914637750467615493.post-1544044620932181193</id><published>2008-09-22T10:05:00.000-07:00</published><updated>2009-03-30T14:27:43.000-07:00</updated><title type='text'>Implementing the Strategic Plan</title><content type='html'>We have established our overall strategies for&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;future. We need to make it official by having the Strategic Plan approved. Approval may involve&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Board of Directors, Executive Management, and others who need to lend their support to get&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;Plan implemented. By having key decision-makers approve&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Strategic Plan, it signals that it's OK to implement&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt; Plan. Implementation is managed through&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;development of an Operating Plan.&lt;br /&gt;&lt;br /&gt;An Operating Plan is a step by step plan for implementing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Strategic Plan. Operating Plans depend upon good strategic plans. If there are fundamental problems with&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Strategic Plan, then successful implementation will be extremely difficult. Additionally, since operating personnel must implement&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Strategic Plan, some level of involvement prior to this point should have taken place.&lt;br /&gt;&lt;br /&gt;Operating Plans are prepared for the short-term (usually one year). One major function of &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;Operating Plan is to allocate resources for getting&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;plan implemented. If resources are not available or there is an excess of resources, then&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Strategic Plan should be re-evaluated.&lt;br /&gt;&lt;br /&gt;Operating Plans need to cover&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;functional areas which are required for implementation - marketing, research &amp;amp; development, financing, operations, technology, etc. Each functional area will submit detail budgets and plans for inclusion within&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Operating Plan. Detail functional plans address&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;following:&lt;br /&gt;&lt;br /&gt;- Plans for establishing organizational size, structure, and staffing.&lt;br /&gt;- Plans for asset deployment and investment.&lt;br /&gt;- Plans for promotion, pricing and marketing of products and/or services.&lt;br /&gt;- Plans for production changes and scheduling.&lt;br /&gt;- Plans for management development and training.&lt;br /&gt;- Plans for raising capital.&lt;br /&gt;&lt;br /&gt;Generally, functional plans should be prepared by Managers over&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;functional area. They should not include areas outside the control of the Manager. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;key task for&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Manager is to remain focused on the Strategic Plan and not get lost in the detail. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;best operating plans tend to minimize the detail and flow from&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Strategic Plan.&lt;br /&gt;&lt;br /&gt;Also consider the following points about Operating Plans:&lt;br /&gt;&lt;br /&gt;- Operating Plans usually assign responsibilities and define&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;roles people will play in accomplishing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Strategic Plan.&lt;br /&gt;- Operating Plans are routinely changed as you learn more and gain experience. An incremental, trial and error approach is often&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;best approach.&lt;br /&gt;- Operating Plans need to be tight enough to meet strategic objectives, but loose enough to allow for creativity and flexibility.&lt;br /&gt;- Operating Plans usually will include a timeline or deadline for completing tasks.&lt;br /&gt;- Operating Plans should be communicated to everyone held responsible for doing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;tasks. If outside groups will assist, then include them in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;communication. &lt;div style="text-align: right;"&gt;&lt;br /&gt;&lt;/div&gt; &lt;h3 id="1"&gt;Evaluation and Control&lt;/h3&gt;Successful implementation requires monitoring&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;progress of action steps within the Operating Plan. Evaluation should be done on a regular basis (monthly, quarterly, etc.) with an emphasis on the following:&lt;br /&gt;&lt;br /&gt;- How much progress has been made in accomplishing&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;task?&lt;br /&gt;- What is preventing us from moving forward?&lt;br /&gt;- Is there a need to go back and revise&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;strategic objective?&lt;br /&gt;- What adjustments should be made to &lt;layer id="google-toolbar-hilite-38" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; Operating Plan?&lt;br /&gt;&lt;br /&gt;One way to evaluate and control an Operating Plan is to include budgets. Budgets are used to allocate resources and coordinate how assets are deployed. Budgets compare actual results with performance standards. Budgets usually cover short-term (one year or less) and they cover several functional areas - marketing budget, production budget, technology budget, etc.&lt;br /&gt;&lt;br /&gt;Budgets should be prepared based on&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;following criteria:&lt;br /&gt;&lt;br /&gt;- Budgets should be simple and easy to understand.&lt;br /&gt;- Use budgets for those areas that need to be monitored.&lt;br /&gt;- Budgets should not dominate decision-making. They should be used as a tool for managing, not a way to manage.&lt;br /&gt;&lt;br /&gt;All of &lt;layer id="google-toolbar-hilite-40" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; budgets for an organization are combined into&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Financial Plan. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;Financial Plan is part of &lt;layer id="google-toolbar-hilite-43" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; Operating Plan.&lt;br /&gt;&lt;br /&gt;Note: For more information on&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Financial Plan, take Short Course 2 on Financial Planning and Forecasting. One of &lt;layer id="google-toolbar-hilite-45" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; problems with budgets is that they tend to be financial in nature. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;Strategic Plan covers many functional areas not related to finance, such as marketing, customer service, production, and human resource management. Therefore, we need a measurement system for&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;non-financial areas. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;performance measurement system used for measuring non-financial areas is called&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Balanced Scorecard. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;Balanced Scorecard is designed around &lt;layer id="google-toolbar-hilite-51" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; Strategic Plan. Additionally, &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Balanced Scorecard will include critical financial measurements. Therefore, &lt;layer id="google-toolbar-hilite-53" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; Balanced Scorecard becomes&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;principal system for evaluation and control of &lt;layer id="google-toolbar-hilite-55" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; Strategic Plan. Like &lt;layer id="google-toolbar-hilite-56" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; Strategic Plan, &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;best Balanced Scorecards tend to be simple and manageable.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;&lt;img src="http://coursgratuits.net/en/4/images/4.PNG" /&gt; &lt;div style="text-align: right;"&gt;&lt;br /&gt;&lt;/div&gt;  &lt;h3 id="2"&gt;Contingency Plans&lt;/h3&gt; Because change is so much a part of planning and decision making, it is often useful to include contingency planning within&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Operating Plan. Contingency Plans provide direction to operating personnel if unplanned events occur. For example, lower-level managers can prepare several budgets - expected budget, budget if growth rates are 10% below expected, 20% below expected, etc. These alternative or contingency plans provide guidance based on "what if" type analysis.&lt;br /&gt;&lt;br /&gt;Contingency Plans are prepared similar to&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Operating Plan. They cover &lt;layer id="google-toolbar-hilite-60" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; short-term and outline specific action steps to be taken. However, &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;level of detail is kept to a minimum, providing enough information to set a new direction.&lt;br /&gt;&lt;br /&gt;Larger companies will use simulation models to prepare contingency plans. For example, if market growth is 5% less than expected, &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;impact on &lt;a href="http://online--classes.blogspot.com/2008/09/calculating-discounted-cash-flows-of.html"&gt;cash flow&lt;/a&gt; and earnings will be _____. Since more quantitative data is available at&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;operating level rather than &lt;layer id="google-toolbar-hilite-64" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; upper levels of &lt;layer id="google-toolbar-hilite-65" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; organization, simulation is more appropriate for developing operating plans than strategic plans. &lt;div style="text-align: right;"&gt;&lt;br /&gt;&lt;/div&gt; &lt;h3 id="3"&gt;Updating &lt;layer id="google-toolbar-hilite-66" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; Plan&lt;/h3&gt; &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;final step in this entire process is to repeat&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;process; i.e. update &lt;layer id="google-toolbar-hilite-69" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; Strategic Plan. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;&lt;layer id="google-toolbar-hilite-70" style="background-color: Yellow; color: black;"&gt;&lt;/layer&gt; process needs to be dynamic since &lt;layer id="google-toolbar-hilite-71" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; operating environment is changing. As a minimum, strategic plans need to be updated yearly by going through&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;basic process of assessment, critical issues, objectives, etc. This will involve new staffing, new projections, and new implementation steps. Additionally, you may need to change your approach to strategic planning. If a stable environment has become extremely dynamic, then a shift from a goals approach to scenario playing may be appropriate. &lt;div style="text-align: right;"&gt;&lt;br /&gt;&lt;/div&gt; &lt;h3 id="4"&gt;Summary &lt;/h3&gt;Strategic planning is a dynamic process of continuously looking at your current situation and plotting your next move. This requires a solid understanding of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;organization as well as an understanding about &lt;layer id="google-toolbar-hilite-74" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt; environment that&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;organization operates in. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;best organizations are always engaged in some form of strategic planning. There is no right way to do a strategic plan. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;best approach is to find a process that fits with&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;organization. This requires a fit with &lt;layer id="google-toolbar-hilite-79" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-38" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; mission statement, &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;strengths and weaknesses of &lt;layer id="google-toolbar-hilite-81" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-39" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; organization, and &lt;layer id="google-toolbar-hilite-82" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-40" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; opportunities and threats confronting&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;organization. If there is a fit, then start &lt;layer id="google-toolbar-hilite-84" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-41" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; process by getting organized. Organization involves putting together a team or committee, collecting information about current plans, and outlining how&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Strategic Plan will be developed.&lt;br /&gt;&lt;br /&gt;Situational Analysis is &lt;layer id="google-toolbar-hilite-86" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-42" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; next step in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;process. Situational analysis is an assessment of strengths, weaknesses, opportunities, and threats related to &lt;layer id="google-toolbar-hilite-88" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-43" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; organization. Significant critical issues (no more than eight) are listed. Critical issues are addressed by developing overall strategies or objectives. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;combination of mission, objectives, principles, and other components becomes &lt;layer id="google-toolbar-hilite-90" style="background-color: Yellow; color: black;"&gt;&lt;layer id="google-toolbar-hilite-45" style="background-color: Yellow; color: black;"&gt;the&lt;/layer&gt;&lt;/layer&gt; formal strategic plan. &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEMWcHYRHI/AAAAAAAAAbg/_tlxUKrk-c4/s200/online-courses-the-image.png" alt="understand Implementing the Strategic Plan in organization" /&gt;&lt;/sub&gt;final layer in&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;process is implementation of&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;plan. An Operating Plan is used to plot specific actions or tactics for getting&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Strategic Plan implemented. Operating Plans consist of budgets, functional plans, financial plans, contingency plans, and other specific plans. Throughout this entire process, changes and updates can take place. Therefore, strategic plans and operating plans must be flexible and open to revision. At least once a year, &lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Strategic Plan is re-evaluated for changes.&lt;br /&gt;&lt;br /&gt;Recommended Workbook: Strategic Planning Workbook by&lt;sub&gt;&lt;img style="border: 0px none ;" src="http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s200/online-courses-the-image-min.png" alt="how to implement strategic plan" /&gt;&lt;/sub&gt;Wilder Foundation, 919 Lafond Ave, St. Paul, MN 55104-2198, Ph: 1-800-274-6024 or 651-659-6024 or visit www.wilder.org.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1914637750467615493-1544044620932181193?l=onlinecourse-s.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://onlinecourse-s.blogspot.com/feeds/1544044620932181193/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://www.blogger.com/comment.g?blogID=1914637750467615493&amp;postID=1544044620932181193' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default/1544044620932181193'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/1914637750467615493/posts/default/1544044620932181193'/><link rel='alternate' type='text/html' href='http://onlinecourse-s.blogspot.com/2008/09/implementing-strategic-plan.html' title='Implementing the Strategic Plan'/><author><name>Bloggeur</name><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='16' height='16' src='http://img2.blogblog.com/img/b16-rounded.gif'/></author><media:thumbnail xmlns:media='http://search.yahoo.com/mrss/' url='http://1.bp.blogspot.com/_MEljqXySbuc/SdEWCE2FrkI/AAAAAAAAAbo/DKDmG19kP7k/s72-c/online-courses-the-image-min.png' height='72' width='72'/><thr:total>0</thr:total></entry></feed>
