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Strategic management planning (SMP)

Strategic management planning (SMP). Thinking outside of the box. What is the difference between a plan and a strategic management plan?. A Plan is what we want to do. An SMP sets out not only what we want to do but how we‘re going to do it. Example: shopping.

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Strategic management planning (SMP)

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  1. Strategic management planning (SMP) Strategic management planning

  2. Thinking outside of the box Strategic management planning

  3. What is the difference between a plan and a strategic management plan? A Plan is what we want to do. An SMP sets out not only what we want to do but how we‘re going to do it. Example: shopping Strategic management planning

  4. How many of you have a plan for your life? But are they strategic management plans? We would now like to share with you the steps used in developing a strategic management plan. Strategic management planning

  5. Step 1- Initiate and agree on a Strategic Planning Process You have to identify the benefits for having a strategic management plan for your life/organization and the key people to be involved in the drawing up of the SMP. Strategic management planning

  6. Step 2- The Identification of the Organizational Goals • You must identify what goals you want to achieve in your strategic management plan. • to be a goal it must be: Specific, Measurable Achievable Realistic Time bound Strategic management planning

  7. The mission statement sets out how you will achieve your goals. Step 3- Develope a mission statement Strategic management planning

  8. Step 4- You must do a SWOT exercise The SWOT exercise helps you to look at your Strengths Weaknesses Opportunities Threats Strategic management planning

  9. Step 5- the establishment of a vision statement The Vision statement will clearly say where it is you want to be having successfully carried out your strategic management plan Strategic management planning

  10. Step 6- Review the developement of your strategic management plan For learning outcomes! Why? Strategic management planning

  11. The conclusion We hope that having heard what we have just said will encourage you to develope a strategic management plan, because it will also help you and your organization to save money, time, energy, as well as challenge and motivate you to be successful in all that you do. Strategic management planning

  12. Thanks to Mr. Hoffman and the IPW-Team for all their hard work in making this week such a great success Strategic management planning

  13. THE END Finally thank you all here today for your attention. Strategic management planning

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