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Presentation Group 5.pptx
- 1. OVERVIEW OF THE PLANNING PROCESS Group 5 Presentation
- 2. Steps in planning Mission and vision statements play three critical roles: 1. SET MISSION/VISION
- 3. THREE CRITICAL ROLES; Communicate the purpose of the organization to stakeholders. Inform strategy development. Develop the measurable goals and objectives by which to success of the organization strategy.
- 4. TOP POSITION -CHIEF EXECUTIVE OFFICER -CHIEF MARKETING OFFICER -CHIEF SALES OFFICER -CHIEF TECHNOLOGY OFFICER -PRESIDENT -MANAGING DIRECTOR
- 6. VERY LONG TERMS 5-10 YEARS
- 8. DISADVANTAGES OF MISSION Mission statements can be to vague and to information is not measurable Statements that are too broad will not define and organization philosophy in an original way and will provide no direction for employees to follow.
- 9. DISADVANTAGES OF VISION A vision statement that does not paint as specific picture of the desired visionary goals will not inspired movement toward those goals. A vision statement that too generalize leaves that many directions open and causes the companies effort to be scattered, which hinders direct process.
- 11. ADVANTAGE OF MISSION Mission statement clarify purpose and determine direction. Mission statement can motivate employees. Mission statement focus energy and attention. It provide template for decision making.
- 12. ADVANTAGE OF VISION Having a vision provide a since of purpose and direction for the business. It will help you defined your short and long term goals. It guide the decision you make a long the way
- 13. 2. SET STRATEGIC GOALS/PLANS
- 14. WHAT IS STRATEGIC PLANNING? WHY IS IT IMPORTANT TO MAKE STRATEGIC PLANNING? WHAT IS STRATEGIC GOAL? WHY IS IT IMPORTANT TO US TO HAVE A STRATEGIC GOAL SPECIALLY IN BUSINESS?
- 15. 5 STEPS OF STRATEGIC PLANNING PROCESS
- 16. STEP 1 DEFINITION OF STRATEGY ATTRIBUTES 4 ATTRIBUTES OF STRATEGIC 1. Focusing on the goals 2. Understanding past, present, future event 3. Asking the right question 4. Identifying opportunities
- 17. 3 categories of definition of strategic attributes
- 18. 1. Core Values What is core values? How can core values guide strategic decision?
- 19. 2. Vision 4 Attributes of a vision A Vision sets a positive and meaningful direction with a purpose and a cause. A vision carries a sense of a urgency and mission. A good vision is inspiring A vision is clear, simple and easy to remember
- 20. 3. Mission Why is mission is important in making a strategy or business?
- 21. STEP 2 FORMULATION OR STRATEGY FORMULATION
- 22. 2 categories of formulation 1. FRAMEWORKS What is frameworks or strategic frameworks? What is the purpose of having a framework? 2. STRATEGIC PRIORITIES What is strategic priorities? What is it strategic priorities is important?
- 23. STEP 3 - DESCRIPTION 4 Categories of Description 1. Strategic map 2. Business goals 3. KPIs 4. Initiative
- 26. DISADVANTAGES OF STRATEGIC PLANNING Can be time consuming and expensive May be difficult in rapidly changing markets Can become a straightjacket Some unplanned for opportunities may be missed Can become bureaucratic Is less relevant in a crisis
- 27. It establishes long-term objectives for the organisation, and plans for achieving those objectives. The organisation is much better coordinated. It can take time to implement new plans and it can also take time before changes have a noticeable effect. Management should seek to control the future. The organisation is forced to look ahead. ADVANTAGES OF STRATEGIC PLANNING
- 28. MANAGERIAL LEVEL OF PARTICULAR RELEVANCE TOP / MIDDLE TIME FRAME/DURATION -5 YEARS
- 30. Setting operational goals within an organization is an important step in providing work teams with clearly defined objectives. These often provide a framework for understanding expectations and assessing the performance of an employee. Learning about this type of goal can help you design clear and useful one. WHAT IS OPERATION GOALS?
- 31. GOAL SETTING
- 32. MANAGERIAL LEVEL OF PARTICULAR RELEVANCE MIDDLE LEVEL -Known as tactical managers LOWER LEVEL - Known as operational managers
- 34. 4. MONITOR
- 35. MONITOR - MONITORING is the systematic and continuous collection and analysis of information about the progress of a development intervention.
- 36. TYPES OF MONITORING Process monitoring Progress tracking Progress validation Performance monitoring
- 37. DISADVANTAGE OF MONITORING May be more challenging to facilitate Requires investment in education training Requires commitment from stakeholders
- 38. Increased commitment by participants in success of program Collaboration process builds & strengthens stakeholders relationship Result are more likely to be acted on ADVANTAGE OF MONITORING
- 39. MANAGERIAL LEVEL OF PARTICULAR RELEVANCE EVERYONE
- 41. THANK YOU FOR LISTENING!!