Strategic Planning - Implementation (Why Strategies Fail (1) Inability…
Strategic Planning - Implementation
Cole and Kelly (2015) define strategy as the match between what a company can do (strengths and weaknesses) within the context of what it might do (opportunities and threats).
involves identifying where we are now, where we should be going and deciding how we get there and how far we have to go.
1) Develop the plan
2) Implement the plan
3) Monitor and evaluate progress
Why Strategies Fail
1) Inability to handle the change process
2) Poorly formulated strategy
3) No guidelines for implementation
4) Poor information sharing
5) Strategy conflicts with the structure
6) Decision making not defined
1) Translate the strategic plan into operational plans
2) Translate strategic goals into short-terms operational goals
5) Devise a monitoring process to track progress against the operational and strategic plans.
4) Devise performance measurement indicators for the objectives
3) Identify the information you have or need in order to measure performance
strategic, divisional and operational level
Public Sector - service improvement
Policies - the manner in which objectives carried out
types of policies
Ethics - SIPO
Planning and Controlling
Financial Plan/ Budget
Goals and Objectives
strategic approach to identifying and measuring individual and organisation effectiveness and aligning same against the strategic goals and objectives of the organisation.
4 key activities
Management by Objectives
Balanced Scorecard Methodology
How do customers view us
monitors progress towards achieving strategic goals and objectives by comparing with strategic targets.
7S McKinsey Model of Organizational Effectiveness
Hard - Strategy, Structure, Systems
Soft - Shared Values, Skills, Style, Staff
Examine effect of future change
how best to implement strategy
Shared Values in the middle of the model emphasizes that these values are central to the development of all the other critical elements