Strategic Planning And Goal Setting For Competitive Position Of The Organization

INTRODUCTION

Strategic planning can be defined as a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward. It enables organizations to shape and guide their overall objectives as well as provides a sense of direction and outlines specific, measurable, achievable, realistic and time bound goals. Organizations that adopt effective strategic planning has a competitive advantage over their counter parts which do not implement strategic planning. In this 5 days training, participants will gain the knowledge needed to formulate, execute and monitor the strategic planning for their organizations based on proven analytical techniques and models.

DURATION

5 days

TOPICS TO BE COVERED

Module 1: Preparing for the Strategic Planning Process for start-ups

• Difference Between Strategic, Tactical, and Operational Planning
• Setting the Parameters for the Strategic Planning Process
• The Phases of the Strategic Planning Process
• The Preliminary Planning Phase
• Stakeholders
• Gathering Operational Data

Module 2: Initiating the Strategic Planning Process

• Developing a Mission Statement
• Developing a Vision Statement
• Assessing Internal/External Environments for start-ups
•  Performing SWOT/PEST Analysis for start-ups
• Performing Quantitative strategy planning
• Development of a business strategy and business plan

→  Identifies the most important issues that the business needs to address

→  Highlights the opportunities available

→  Gives a clear set of priorities

• Development of a scorecard or dashboard to report against the business plan

Module 3: Developing the Strategic Plan for start-ups

• Strategic prioritization
• Prioritizing What the Strategic Plan Will Address
• Cause and Effect modelling
• Performance measure design
• Running a performance management system

Module 4: Drafting the Strategic Plan

• Setting SMART Goals and Objectives
• Developing Strategy for Achieving Goals
• Using Planning Tools
• Practical exercise in drafting strategic plan
• Analyzing case studies

Module 5: Executing the Plan

• Assigning Responsibility and Authority
• Establishing a Monitoring and Control System
• Use a portfolio of tools and techniques

→  SWOT & PESTLE Analysis

→  Strategic prioritisation

→  Cause and Effect modelling

→  Performance measure design

→  Running a performance management system

• Recap of the course