Archive for the ‘Strategic Planning’ Category
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Strategic Planning for Non-profit and For-profit Organizations
Do it now or do it over – with strategic planning, mission and vision statements come first. Proper building blocks for strategic planning, whether for-profit or non-profit organizations, begins with well crafted mission and vision statements.
“There aren’t short cuts for such important actions,” states Don Midgett, business consultant and author of Mission and Vision Statements: Your Path to a Successful Business Future. “Laying the right foundation provides the accurate guide for strategic and long-range planning as well as day-to-day operations.” In short, do it from the start or do it over later. Some real-world examples of non-profit and for-profit organizations using a vision driven approach to strategic planning are given below.
“I had been through other planning processes and inevitably they would only take you so far” said Tim Logerquist, Association Director for the non-profit Gold Coast Baptist Association in southern California. “As we continued the mission and vision process I was able to align my mission and vision statements with strategies and actions that would yield results. This investment in time and effort up front proved successful to the strategic planning process as we now have initiated strategies with real impact.”
“Visionary businesses excel because they set goals that relate directly to their vision. They communicate the vision and vision-based goals to their customers and employees” continues Midgett. “They come up with strategies and actions to reach their goals and achieve their vision. It is in this way that a for-profit or non-profit organization or business can control its destiny in the marketplace rather than let outside forces determine a business direction.”
An early pioneer in internet consulting, Novo Solutions, Inc. in Virginia Beach, Va. began with the initial mission and vision statements providing affordable, innovative business solutions to small and mid size companies. Now in its sixth year, Novo has begun a process of realignment of its business focus centering on newly revised mission and vision statements which called for changes in their strategic planning.
“Using the model of mission and vision statements as a foundation made it easier to frame our mission, define our market products and understand the benefits of having a visionary, market driven company” said Anne Sych, Novo’s Marketing Manager.
Both time and effort can be used successfully when organizations and businesses see the value in doing “their homework” from the beginning and building on solid plans and actions.
So remember! Don’t do it over – do it now! Create your mission and vision statement today. Begin to lay the solid foundation for your organization’s strategic plan and strategic planning process. To learn more on a vision driven approach to strategic planning, go to http://www.missionvisionstatement.com/.
Strategic Plan Management – It'S A Process Not An Event
Before discussing strategic plan management, it is important to understand the basic concept of a strategic business plan. This is a management tool used to decide the values, objectives, goals, and responsibilities of your company. Your strategic plan provides proper direction to your company by ensuring that all the members are working in a unified manner towards a common purpose. Hence, strategic plan management is important for the better utilization of your resources and ensuring you adapt to a changing market place.
What does strategic plan management entail?
The very significance of strategic plan management lies in the word ‘strategic’ itself. You refer to this business plan as strategic because it prepares your organization in advance for facing changing environments and circumstances. This can be achieved only when you are sure about the objectives and resources of your company and know how to combine both for facing your competition.
You start by making plans, setting down goals and time lines to meet these aims. During the implementation of the strategic business plan, your employees share the focus, and through implementing required actions and reviewing the results, assess the effectiveness of strategic plan management. The best approach uses a systematic questionnaire for finding out information about the present and bases future assumptions upon that discovery.
At the end of the business planning stage, some crucial decisions have to be undertaken that will determine the practical steps you need to take. Hence, the entire business plan boils down to these action steps, which are of critical importance. Once the plan is documented and the scheduled actions have been determined, the strategic plan management process really begins. Apart from the basic purpose, what matters most now is the discipline needed for implementing the strategies and a determination to make it happen. Many business plans never see the light of day once the ink is dry. Strategic plan management is the process that follows the planning.
The elements of a strategic business plan
Strategic plan management incorporates three levels of plan making:
1.Organizational: This level determines the organizational purpose, or mission, and the strategies that lead to organizational development.
2.Programmatic: This will involve initiatives for managing, developing and delivering certain programs.
3.Functional: This has to do with satisfying the means to influence the effectiveness, administration and efficiency of your organization.
After you have taken an analysis of the in-house information, you have to turn your focus to the external market data and use these in the development of the strategic business plan. Only this depth of analysis can make the process of strategic plan management effective. The formation of strategies can prove to be rather interesting and easy if you know how to inspire your workers to participate in the whole affair. However, the real results come from the management of the process once the business plan is completed.