in view of the objective, much in the same way that the captain of a sailing vessel works with his environment to go from destination to destination. The strategic planning process is subdivided into four stages: • Step 1: Construction of Assumptions or Basis; • Step 2: Great Choices; • Step 3: Elaboration of the Strategic Plan; and. Annual statements that are specific, measurable, attainable, realistic and time bound (SMART). Strategic Plan Goals, Objectives, Strategies and Strategic Initiatives 2 The agency has identified three overarching goals which will be achieved through the implementation of the goals, objectives, strategies and strategic initiatives delineated herein. Create your own automated PDFs with JotForm PDF Editor What are some strategic planning models? 0000009347 00000 n endstream endobj 610 0 obj <>/Metadata 73 0 R/Pages 607 0 R/StructTreeRoot 117 0 R/Type/Catalog>> endobj 611 0 obj <>/MediaBox[0 0 612 792]/Parent 607 0 R/Resources<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 612 0 obj <>stream endstream endobj 613 0 obj <>stream According to them, strategic planners commonly establish long-term objectives in seven areas: profitability, productivity, competitive position, employee involvement, employee relations, technological leadership, and public responsibility. Some of the most critical steps are listed below, aside from the creation of the strategic plan documentation. For example, a goal for a sporting organisation might be to have 50 qualified and active coaches. 0000006557 00000 n When selecting and creating your financial objectives, consider what you’re trying to accomplish financially within the time span of your strategic plan. Dos and Don’ts in Strategic Planning. Determination of Mission and Objectives: Strategic planning starts with the determination of the … 4. 0000002151 00000 n 618 0 obj <>/Filter/FlateDecode/ID[<3E0E25A04B85624C8F803E54D0D67C9D>]/Index[609 23]/Info 608 0 R/Length 70/Prev 1281607/Root 610 0 R/Size 632/Type/XRef/W[1 3 1]>>stream ), as well as time (by when?). The Denver Foundation Strategic Plan 2011 7 INTRODUCTION The purpose of this strategic plan is to articulate the long‐range direction and priorities for The Denver Foundation. Each bureau has a broad range of responsibilities and functions, described briefly in the following sections. Committing ourselves to the planning process is 0000002578 00000 n 0000009369 00000 n ��#�dfpՊ���YDc������4 =�� D��l�K;�!f?�Y�]k_���τ��wuޒ���UZAvz�r�*��TV���N\�V�39E���D���K���+������gI��t���{�D̈́�7��d�(:B�L�]��[ It is indeed a long-term process. 0000009448 00000 n Sector Strategic Investment plan (ASSIP), which provide a framework to drive Uganda’s transformation into upper middle-income status by 2040. A goal is a specific target, an end result or something to be desired. To write a powerful, precise, and most importantly ACTIONABLE objective, the business need must be bound by both a baseline and a target (how much? 0000001386 00000 n This Chapter on the strategic management and strategic planning process provide an insight on the basic knowledge on what is strategy and strategic management. WHAT IS THE STRATEGIC PLANNING PROCESS? 0000002972 00000 n Purpose of a Strategic Plan The overarching purpose of a strategic plan is to conduct an assessment of the current conditions in order to forecast future dynamics and come up with holistic and comprehensive ways to deal with it. 0000002173 00000 n H�|T[o�0~���p�i5vJ�fi��do{q�. h�̕�O�0��K{ܘ�� Uj�&1 �$�CV�6R��6l����iҲ�,T{�"ǎ�|>��|q* Strategic plans:Strategic planning establishes a long-termplan to achieve an organization’s specified vision and mission through the attainment of high-level strategic goals (as described above). The Strategic Planning Reference and Resource Book has been designed to familiarize you and help you through the strategic planning process in a step-by-step approach. 0000004448 00000 n head of Strategic Planning and Management Services at Educational Testing Service: Strategy refers to a general plan of action for achieving one’s goals and objectives. Formal Strategic Planning began in the OUR MISSION, VISION, STRATEGIC GOALS, AND OBJECTIVES FY 2004 - FY 2009 STRATEGIC PLAN 5 GOAL 3: MANAGEMENT INTEGRATION GOAL: A roadmap to launch and grow your organization Process as important as product (perhaps more important) Aligns stakeholders around strategic priorities Communicates your goals, strategies and programs Engages, motivates, and retains external and internal audiences (e.g., board, staff, donors, etc.) 534 0 obj << /Linearized 1 /O 537 /H [ 1537 636 ] /L 247555 /E 76174 /N 14 /T 236756 >> endobj xref 534 34 0000000016 00000 n Strategic objectives are one of the fundamental building blocks of your strategic plan. 0000002736 00000 n H�b```f``cd`e``�cd@ A���H���C��8�=�Rdy�$�h�0O��A#!z���fWs�X��3s$s�m[��pT����͍�m˧�Y&`�.m�T���s��4�ܙ���Vg�7$������*�u�H�>���Zv�V��m�W��ܝ�N�u�ۥ�u��G�M&Z���A��۫nf�\�,��~'6��j���ۧ�2�Җs��I8^�۳������g�K��N*�]Y���,Q�$Zv3�����zj�!�B։Wo'��z���*`��5��c��� �3)it@$]B�ʦ0�ơ0&��1T'��S3�� I��A��8P�㵟@Z�!�.� �X���p�ɔ���0���@���x6/�| n�d��*TP����x�������q6�: �v�a���v��۹�2�S�a8���p\9��#�F �#@��>����?�$(��]�>�300�b`���` jս� endstream endobj 567 0 obj 506 endobj 537 0 obj << /Type /Page /Parent 530 0 R /Resources << /ColorSpace << /CS2 543 0 R /CS3 544 0 R >> /ExtGState << /GS2 560 0 R /GS3 561 0 R >> /Font << /TT2 540 0 R /TT3 542 0 R >> /ProcSet [ /PDF /Text ] >> /Contents [ 546 0 R 548 0 R 550 0 R 552 0 R 554 0 R 556 0 R 558 0 R 565 0 R ] /Annots [ 538 0 R ] /MediaBox [ 0 0 612 792 ] /CropBox [ 0 0 612 792 ] /Rotate 0 /StructParents 0 >> endobj 538 0 obj << /Dest [ 537 0 R /XYZ 78 132 null ] /Type /Annot /Subtype /Link /Rect [ 499 697 506 709 ] /C [ 0 0 0 ] /Border [ 0 0 0 ] /H /O >> endobj 539 0 obj << /Type /FontDescriptor /Ascent 891 /CapHeight 656 /Descent -216 /Flags 34 /FontBBox [ -558 -307 2034 1026 ] /FontName /DJCLNH+TimesNewRoman,Bold /ItalicAngle 0 /StemV 160 /XHeight 0 /FontFile2 563 0 R >> endobj 540 0 obj << /Type /Font /Subtype /TrueType /FirstChar 32 /LastChar 150 /Widths [ 250 333 408 0 500 0 0 180 333 333 500 0 250 333 250 278 500 500 500 500 500 500 500 500 500 500 278 278 0 0 0 444 0 722 667 667 722 611 556 722 722 333 389 722 611 889 722 722 556 0 667 556 611 722 722 944 722 722 0 0 278 0 0 0 0 444 500 444 500 444 333 500 500 278 278 500 278 778 500 500 500 500 333 389 278 500 500 722 500 500 444 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 333 0 0 0 500 ] /Encoding /WinAnsiEncoding /BaseFont /DJCLKC+TimesNewRoman /FontDescriptor 541 0 R >> endobj 541 0 obj << /Type /FontDescriptor /Ascent 891 /CapHeight 656 /Descent -216 /Flags 34 /FontBBox [ -568 -307 2028 1007 ] /FontName /DJCLKC+TimesNewRoman /ItalicAngle 0 /StemV 94 /XHeight 0 /FontFile2 562 0 R >> endobj 542 0 obj << /Type /Font /Subtype /TrueType /FirstChar 32 /LastChar 150 /Widths [ 250 0 0 0 0 0 0 278 0 0 0 0 250 333 250 0 500 500 500 500 500 500 500 500 500 500 333 333 0 0 0 0 0 722 667 722 722 667 611 778 778 389 0 0 667 944 722 778 611 0 722 556 667 722 722 1000 0 0 667 0 0 0 0 0 0 500 556 444 556 444 333 500 556 278 333 556 278 833 556 500 556 556 444 389 333 556 500 722 500 500 444 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 500 ] /Encoding /WinAnsiEncoding /BaseFont /DJCLNH+TimesNewRoman,Bold /FontDescriptor 539 0 R >> endobj 543 0 obj [ /ICCBased 564 0 R ] endobj 544 0 obj /DeviceGray endobj 545 0 obj 645 endobj 546 0 obj << /Filter /FlateDecode /Length 545 0 R >> stream It is a major step in achieving the vision of the organisation.In the strategic planning context a goal is a place where the organisation wants to be, in other words a destination. 0000004355 00000 n A strategic plan looks out over an extended time horizon, three to five years or more. Strategic planning answers where you are now, where you’re going, and how you’re getting there. An organisation may set several goals that will outline a path to achieving the vision. 0000043743 00000 n 0000007989 00000 n The plan establishes where the organization is currently, where leadership wants to go, how they will get there and how … endstream endobj startxref A strategy or general plan of action might be formulated for broad, long-term, corporate goals and objectives… The strategic planning process can take some time, but it’s beneficial for everyone involved. Strategic planning is a process of looking into the future and identifying trends and issues against which to align organizational priorities of the Department or Office. 3 One-Page Sample Plan and Template for Strategic Planning Corporate Goals What is most important right now to reach our long-term strategic objectives? %%EOF Examples of strategic goals for this perspective include: 1. 0000009655 00000 n This leads to the creation of a formal document that lays out the company’s views and goals for the future. What is a strategic plan and why is it needed? h�bbd```b``V�� ��D�$��?�Ȅ� 2t&�d�[$������������"�?���� |] Formal strategic planning calls for an explicit written process for determining the firm's long-range objectives, the generation of alternative strategies for achieving these objectives, the evaluation of these strategies, and a systematic procedure for monitoring results. For all intents and purpose of this post, we’ve put together below a short list of common strategic objectives. That means when writing strategic objectives, they need to be phrased in a way that answers two simple questions: How much? In addition, strategic planning does the following: Shares an organization’s vision with a large internal and external audience. x���KO�0���� ���[BHPX�jAq����@�t����;v4uK+�Z��3���c{��E3׏ ��MS?�=�}y2o���C9��{T^ד�n�������d�&�70� ���L���q��4�0�?�ir�A� ��irF�/i"�`ƁT�)�UP���b�&?`Y��V-�XEy�����\�0P�u�匎������pv9 (�}.��WDv̙Xf#�� y�Q�x؋'�z|}z�4�`�������6�U���d��m��(�Xʾ�O[ˬ�e � F2�S�A���)�֞ ��)�&چ��N1%6�E���vs F�_W@��lد���%�Q�ZK���Q��\���i�.M�ݺڞ���Et))m�,?�6���[�XZk� $gV���+dի:����x�'#�p:��wq�%C�S�I BKDWL� Ҹw��ۺ�M�o��=i�e҄c����./Peü0�m^��8/�i���Bf�yQe4ɳ����N�!��9� �: �����eW䪅�1 Strategic planning is a disciplined effort to produce fundamental decisions and actions that shape and guide what an organization is, what it does, and why it does it, with a focus on the future. trailer << /Size 568 /Info 529 0 R /Root 535 0 R /Prev 236745 /ID[<15c301b48d6246ad396fa0e812b50a57>] >> startxref 0 %%EOF 535 0 obj << /Type /Catalog /Pages 531 0 R /Metadata 533 0 R /Outlines 67 0 R /OpenAction [ 537 0 R /XYZ null null null ] /PageMode /UseNone /PageLabels 528 0 R /StructTreeRoot 536 0 R /PieceInfo << /MarkedPDF << /LastModified (D:20041021123834)>> >> /LastModified (D:20041021123834) /MarkInfo << /Marked true /LetterspaceFlags 0 >> >> endobj 536 0 obj << /Type /StructTreeRoot /RoleMap 69 0 R /ClassMap 72 0 R /K [ 438 0 R 439 0 R ] /ParentTree 510 0 R /ParentTreeNextKey 14 >> endobj 566 0 obj << /S 444 /O 587 /L 603 /C 619 /Filter /FlateDecode /Length 567 0 R >> stream This Strategic Plan (SP), (i) re-defines the Ministry’s Vision, Mission, core functions, policy priorities, strategic objectives and resource requirements based on … 0000072549 00000 n Visualize a famous bridge, such as the Golden Gate Bridge, Brooklyn Bridge, or Tower Bridge. It provides an outline for you to plan, organize and conduct your conference, document and execute your plan, and to monitor and adjust your strategic plan, as needed. 0000008011 00000 n (Bryson, 1988.) A strategic planning checklist can connect the vision of the company to the processes that will make the vision realized. 0000003559 00000 n 0000001031 00000 n Grow shareholder value: The top goal of your organization may be to increase the value of your organization for your shareholders, stakeholders, or owners. H�/5#4�� �gMK�v��ܺ�M�VӘ��oW��q��|�O��>�m���a��:��u�$��k:���yM����~GM�n�֔�V���G��:;�B�'T����a�65x�C[�n'��O�m�u �a������ }9� The agency’s three … All bridges have two primary support pillars and a span between the two, allowing one part of land to be connected with another. 0000008656 00000 n 0000003789 00000 n 0000005886 00000 n Benefits of Strategic Planning. The strategic planning process is a continuous cycle, involving plan design, implementation, and evaluation, as well as stakeholder engagement, the maintenance of strategic planning mechanisms, and alignment with the budgeting process. Strategic planning is about change. 0000008678 00000 n 0000075227 00000 n endstream endobj 614 0 obj <>stream As a quick refresher, remember that strategic objectives are long-term and should be aligned with your organization’s mission and vision. The goals, objectives and action plans specified in this strategic plan is aligned with the mission/vision of the company. 0000004396 00000 n These strategic goals define the destination, changes the current organizational direction and the mind set of the personnel. Hence, it is a combination of objectives, future plans, and actual workflow. 0000005195 00000 n %PDF-1.4 %���� The goal of attainin… There are a number of different strategic planning models which are commonly used by boards, including: • 'Basic' strategic planning – This is a simple 'entry level' model which involves identifying a purpose, a mission statement, then identifying the objectives … 0000001537 00000 n Executives typically pile on more strategic planning objectives than are manageable, which requires an ever-increasing number of strategies and tactics to achieve. The plans are specific, measurable, attainable, balanced and complete. x��} xE��[}��=�L&��dr����@ r@����MT@��E4��.^x���;ID��+���x磌��\VE!��'�����=��=. 0000007268 00000 n A strategic planning checklist can be the platform where progress and development can be measured. One of […] A lot of entities in different in industries adopted strategic planning since it is proven helpful in the first stage of achieving a certain goal and in preparing and monitoring for the execution of tasks needed to be taken in order to achieve the planned goals. 609 0 obj <> endobj Financial objectives are typically written as financial goals. 631 0 obj <>stream It is an iterative process that identifies where an organization must focus (mission), where it must be in the future (vision), and how it intends to get there (goals and objectives). 0000005908 00000 n strategic planning and management skills that will determine whether that growth is sustained, or whether internal constraints rein in that growth prematurely. By when? A strategic objective is a business need that can be defined in quantifiable and measurable terms. Strategic management objectives can be defined as taking some sets of the decision, and some actions either in a group or individually and those acts determine the output of the company’s performance and those key decisions outline how rightly the strategy was executed. Strategic planning consists of analyzing the business and setting realistic goals and objectives. To put it another way, they develop a vision for the organization's future and determine the necessary priorities, procedures, and … 0000007290 00000 n That is, a strategic plan is a road map to lead an organization from where it is now to where it would like to be in five or ten years. The definition of strategic objectives is simple. 0000004426 00000 n 0000005173 00000 n In the world of business, it makes your business competitive in the light of a very tight competitive market. Strategic planning has been defined as the process of formulating, implementing and evaluating business strategies to achieve future objectives. • Step 4: Implementation and Monitoring of the Plan. h�b```�Xf�p!b`C��*�7U�~�Lc/m����7p���>����.t\�9!�_���[egkdE;�%��.�Rx�9�J���Uf���ž�!�t��l1]}pr��f ���6st0Dt0pt4Ztt0�ut00ut4��2@�PĢ������@��]vB{�4;����8��ž��W,����'��Ī��`-.©~@���A����� ��f�- s� a[� We must know the level of improvemen… 0000006579 00000 n The objectives and strategies described in this document have 3. STRATEGIC PLANNING PROCESS The planning phase of the strategic management plan process consists of establishing a set of general but clear Strategic Goals, that when attained through the follow on plan, achieve our Mission. Value can b… Management teams are crushed by the weight of all their objectives. Strategic planning:The process by which leaders of an organization determine whatit intends to be in the future and howit will get there. In reality these people are strategic thinkers and planners using the strategic planning process. %PDF-1.5 %���� A DEFINITION OF STRATEGIC PLANNING Strategic planning is a tool for organizing the present on the basis of the projections of the desired future. What is Strategic Management Objectives? 0 Fulfillment of the Department’s mission and supporting strategic goals is accomplished through its bureaus. To develop an actionable strategic plan, we followed industry best practices that included: N���S��֚z-����VD�rJO8��T{��eA� �Qh@2j��Dz��e%BT��crS�WSaA�a��9/&�J�h�I^�i��h�MV�h9Z��`�x�=B������$�L›ڼ�_�lV���d��gyv_�a���=�.i�A^V���ȫ�N�es��6tN˅�W����1O.�~�t�UJ'���6�W n+��m��#l�®�+��ҏ�Wԡ��pQ6y�&�?��������3��Ӣ��n 1�I�2Z7 ]⽀��=�ސ��x�rct���vj����Q�}��A��q�$��)"��E�o����"RNyM _0j�v@^�@�mAH��|�aP�o~خ#��/#�吤}���_jF Y�q4!ͳ����%L�H;�t�`�� �4��z_2[�`+ݐ�;�m�F6��l�k�5���]'�?��m��^������� v?����{�m4���0ӜO� That strategic objectives, future plans, and actual workflow span between the two, one. 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