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Integrating Strategic Planning and Operational Execution: A six-stage…
Integrating Strategic Planning and Operational Execution: A six-stage system
Stage 6: Test and Adapt the Strategy
Annual test-and-adapt meetings where all data and information is taken into account and decide what to improve or adapt.
Stage 1: Develop the Strategy
1.Mission and vission statements
2.PEST and SWOT analysis
3.Analyse competitivity
Stage 4: Plan Operations
1.Focus on improvement of ongoing processes that help achive the strategy
2.Develop a detailed sales forecast, a resource capacity plan and operating and capital budgets.
Stage 3: Align the organization with the Strategy
1.Create synergy between all departments’ strategy maps
2.Negotiate service-level agreements between support units and business units
3.Communication programs that align and motivate employees to achieve the strategy
Stage 2: Plan the Strategy
1.Cluster objectives into strategic themes
2.Convert strategy plans into measurable targets
3.Strategic initiatives or action programs to achieve targeted performance
4.Funding for inititives must be separated in a new budget
5.Create teams for each strategic theme
Stage 5: Monitor and Learn
1.Frequently examine performance and problems in meetings (monthly or weekly)
2.Examine themes and objectives in larger and more sporadic executive meetings (quarterly)