Strategic Planning
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التخطيط الاستراتيجي في مكتب اللغات الحديث Strategic Planning

??What is Strategic Management, and Why is it Important

التخطيط الاستراتيجي في مكتب اللغات الحديث Strategic Planning

Medules

Develop Strategy

Introduction to Strategic Planning –

External and Internal competitiveness analyses. (SWOT analysis) –

Identification of Change Agenda –

Tool for strategic planning –

Translate Strategy

Thematic Framework –

Developing the Strategy Map, Strategic objectives –

Develop the Balanced Scorecard –

Strategic Performance Program (KPIs, measures & targets) –

Strategy and Initiatives funding (Strategy Expenditure “STRATEX”) –

Governance Model –

Align Organization

Cascading to Business Units –

Cascading to Individuals –

 

Plan Operations

Budgeting linked with strategy –

Key process improvements linked with strategy –

Initiative portfolio management –

Rolling Forecasts / Resource Allocation –

Close, Consolidate, Report –

Monitor & Learn

Operational Reviews –

Quarterly strategy reviews –

Yearly Strategic Reviews and adapt –

Decision making –

 

Strategic Risk Management

Define Strategic Risk-

Identify Strategic Risk Events & Sources-

Prioritize Strategic Risk Events-

Identify Risk Mitigation Initiatives to eliminate or reduce risk-

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We can help facilitate all aspects of the strategic planning process

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“?If you don’t have time to do it right the first time, when are you going to find time to do it over”

A strategic plan is a document that summarizes all the critical strategic thinking from the strategic planning process. It defines where the entity sees itself today and the challenges it is facing. It also describes the ultimate end-state it wants to create (its vision), the high-level path it plans to take to move from where it is today to its vision and finally the key near-term priorities to begin this journey
Strategic Planning is the management process used to create a long-range plan of how to achieve an ideal end-state or a set of goals often called a vision. This long-range plan is called a Strategic Plan
The strategic planning process requires considerable thought and planning on the part of a company’s upper-level management. Before settling on a plan of action and then determining how to strategically implement it, executives may consider many possible options
 Strategy Formulation
In the process of formulating a strategy, a company will first assess its current situation by performing an internal and external audit. The purpose of this is to help identify the organization’s strengths and weaknesses, as well as opportunities and threats – SWOT Analysis
Strategy Implementation
After a strategy is formulated, the company needs to establish specific targets or goals related to putting the strategy into action, and allocate resources for the strategy’s execution. The success of the implementation stage is often determined by how good a job upper management does in regard to clearly communicating the chosen strategy throughout the company and getting all of its employees to “buy into” the desire to put the strategy into action
 Strategy Evaluation
Any savvy business person knows that success today does not guarantee success tomorrow. As such, it is important for managers to evaluate the performance of a chosen strategy after the implementation phase. Strategy evaluation involves three crucial activities: reviewing the internal and external factors affecting the implementation of the strategy, measuring performance, and taking corrective steps to make the strategy more effective
It allows organizations to be proactive rather than reactive
A strategic plan allows organizations to foresee their future and to prepare accordingly. Through strategic planning, companies can anticipate certain unfavourable scenarios before they happen and take necessary precautions to avoid them. With a strong strategic plan, organizations can be proactive rather than merely reacting to situations as they arise. Being proactive allows organizations to keep up with the ever-changing trends in the market and always stay one step ahead of the competition
It sets up a sense of direction
A strategic plan helps to define the direction in which an organization must travel, and aids in establishing realistic objectives and goals that are in line with the vision and mission charted out for it. A strategic plan offers a much-needed foundation from which an organization can grow, evaluate its success, compensate its employees and establish boundaries for efficient decision-making
It increases operational efficiency
A strategic plan provides management the roadmap to align the organization’s functional activities to achieve set goals. It guides management discussions and decision making in determining resource and budget requirements to accomplish set objectives — thus increasing operational efficiency
It helps to increase market share and profitability
Through a dedicated strategic plan, organizations can get valuable insights on market trends, consumer segments, as well as product and service offerings which may affect their success. An approach that is targeted and well-strategized to turn all sales and marketing efforts into the best possible outcomes can help to increase profitability and market share
 It can make a business more durable
Business is a tumultuous concept. A business may be booming one year and in debt the next. With constantly changing industries and world markets, organizations that lack a strong foundation, focus and foresight will have trouble riding the next wave. According to reports, one of every three companies that are leaders in their industry might not be there in the next five years… but the odds are in favor of those that have a strong strategic plan
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