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Strategic Planning STAGES and CHALLENGES (Monitor and Evaluation - How FAR…
Strategic Planning STAGES and CHALLENGES
Strategy formulation
- Where we want to GET TO
a) What direction do we need to take?
b) What are the goals we need to set to achieve this?
c) cost-benefit analysis. Impact analysis, risk assessment, Success criteria, identify any alternatives
public sector, a challenge in formulating the strategy might be a change of government policy which could influence the mandate
Define Strategy
Cole and Kelly (2015) the match between what a company can do (strengths and weaknesses) within the context of what it might do (opportunities and threats).
Strategic planning involves identifying where we are now, where we should be going and deciding how we get there and how far we have to go
Mission/ Vision/ Values/ Goals
Planning
one of the key functions of management. It is a future orientated function and is carried out at all levels of the organisation
Strategic (3-5 yrs)
Operational (annual)
Analysis
-Where we are NOW
Mandates
External Environment
Internal Environment
Mission, Vision and Goals
Public Sector
Strategic Mgt Initiative 1995
Delivering Better Gov Initiative 1996
Better Local Gov Initiative 1996
Public Sector Reform Plan 2011
Promote culture of innovation, change and managed risk
Implementation Planning -
HOW will we get there
a) What steps and resources are required to meet the goals we have set?
b) What are the steps needed to meet the goals
strategic intentions are translated into a set of operational projects
Operational reforms include plans to change how the public service does its business
main challenge of implementing a strategy in the public sector seems to be the lack of cross-departmental linkages and poor communication.
Monitor and Evaluation -
How FAR have we gone
a) Monitoring progress
b) Adjusting
c) Evaluating
devise performance measurement indicators
balanced scorecard methodology
1) How do our customers view us?
2) Internal processes – productivity, skills, quality
3) Innovation – ability to create added value and efficiencies
4) Financial performance
KPIs measured using traffic light system
7S McKinsey Model of Organizational Effectiveness
Hard - Strategy, Structure, Systems
Soft - Shared Values, Skills, Style
2) Examine the likely effects of future changes within a company.
1) Improve the performance of a company.
3) Determine how best to implement a proposed strategy.