Strategic Planning

Presentation Transcript

1. Strategic Planning

   An Introduction Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
2. Purpose Develop a “Strategic Planning Methodology” Practical Framework for Developing a Strategic Plan Implementing that Plan Controlling the Plan Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
3. The Strategic Planning Process Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
4. Mission Mission Vision Values Social Responsibility Ethics Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
5. External EnvironmentRemote Economic Social Political Technological Ecological Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
6. External EnvironmentIndustry Barriers to Entry Supplier Power Buyer Power Substitute Availability Competitive Rivalry Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
7. External EnvironmentOperating Competitors Creditors Customers Labor Suppliers Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
8. Internal Environment SWOT Value Chain Analysis Answers the Question What capabilities do we have? Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
9. Strategic Analysis Statement of Your Strategic Position Based On: Internal Analysis External Analysis Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
10. Strategy Choice Choose a Strategy Based On: Strategic Analysis Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
11. Generic Strategies Low Cost Differentiation Focus (Niche) Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
12. Grand StrategiesBasic Strategies Concentrated Growth Single Product, Single Market MarketDevelopment Present Products, Expanded Markets Product Development Present Market, Expanded Product Innovation New Product or Service Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
13. Grand StrategiesAcquisitions and Mergers Integration Horizontal Vertical Diversification Concentric Conglomerate Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
14. Grand StrategiesFor Troubled Companies Turnaround Divestiture Liquidation Bankruptcy Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
15. Grand StrategiesCooperative Joint Ventures Strategic Alliances Consortia Keiretsus (Japan) Chaebols (South Korea) Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
16. Long Term Objectives(3-5 Years) Balanced Scorecard Customer Financial Internal Business Process Learning and Growth See the Team Member Guide Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
17. Long Term ObjectivesPotential Objective Areas Profitability Productivity Competitive Position Employee Development Employee Relations Technological Leadership Public Responsibility Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
18. Short Term ObjectivesThis Year Derived From a Long Term Objective Business Function Specific Multiple Objectives For Each Business Function MUST SPECIFY (Who, What, When) Who will do it: Business Function Manger What will be done: Identify the Task When is it to be done: The deadline Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
19. Functional Tactics Business Function: Also called a Division or Department Specify Who, What, When Examples Marketing Production Finance Human Resources Information Technology Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
20. Policies Empowerment Policies vs Guidelines Policies and Productivity Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
21. Organization Structure Designed for Mission Designed Around Business Processes Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
22. Strategic Control Measures What Has Been Accomplished Are We Meeting Our Goals? Makes Adjustments When Objectives Not Met What needs to be done to fix the problems? Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson
23. Questions Adapted from “Strategic Management: Formulation, Implementation and Control by Pearce and Robinson