IS 460 Notes Strategic Planning By Thomas Hilton.
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Transcript of IS 460 Notes Strategic Planning By Thomas Hilton.
![Page 1: IS 460 Notes Strategic Planning By Thomas Hilton.](https://reader031.fdocuments.us/reader031/viewer/2022020720/551801bd5503466e558b46ae/html5/thumbnails/1.jpg)
IS 460 NotesIS 460 Notes
Strategic Planning
By Thomas Hilton
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TopicsTopics
Definition/Purpose
Context
Deliverables
Method
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DefinitionDefinition
Strategic Planning is a procedure for determining the
direction in which an organization needs to move to fulfill its mission
basic objectives of an organization and allocating resources to their accomplishment
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DefinitionDefinition
A strategic plan is a document that
results from strategic planning
contains the mission, direction, goals, etc. of the organization
acts as a road map for carrying out the strategy and achieving long-term goals
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Context: Strategic Context: Strategic ManagementManagement
Operations –immediate execution (this project)
Tactics –near-term execution (this year)
Strategy –long-term execution (five years?)
StrategicManagement
OperationsManagement
TacticalManagement
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Deliverables/ResultsDeliverables/Results
Coordination of All Parts of the Organization
Sense of Direction, Ethos
Sense of Ownership, Membership, Motivation
Strategic Planning Document
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MethodMethodIdentify , develop, document…
1. Strategic Planning Team2. Stakeholders3. Scope of Plan4. Environmental Influences
5. Core Values6. Mission7. Vision8. Goals9. Objectives10. Tasks
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Strategic Planning TeamStrategic Planning Team
Influential (or at least credible)
Representative (or consultative)
Few in number
Broad viewpoint
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StakeholdersStakeholders
Recipients of organization output
Providers of organization input
Members of the organization
Many in number (sample them)
Narrow viewpoint
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Boundary/Scope of PlanBoundary/Scope of Plan
Negotiable
Revisit as needed throughout planning process
Approximate the client’s scope of practice
Establish accountability
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Trends in the Relevant Trends in the Relevant EnvironmentEnvironment
Markets
Competitors
Regulations
Staffing
Capital
Technology
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Core ValuesCore Values
Moral justification for organization’s existence
Permanent
Internalized organization-wide
Ideological
Example
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MissionMission
Main area(s) of organization accomplishment
Nearly permanent
Shared organization-wide
Conceptual
Example
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VisionVision
Chosen instantiation of the mission
Rarely changes
Accepted organization-wide
Broadly Contextual
Example
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GoalsGoals
Components of the vision
Change slowly as accomplished (or abandoned)
Accepted by appropriate divisions in the organization
Specifically Contextual
Example
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ObjectivesObjectives
Components of each goal
Change per planning cycle (five years?)
Accepted by appropriate departments within divisions of the organization
Measurable (often via surrogates)
Example
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TasksTasks
Components of each objective
Change relatively often (annually?)
Accepted by appropriate persons/work-groups with budget, deadline, and deliverables
Performable, directly measurable
Example
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Timing ConsiderationsTiming Considerations
Complete in Days or Weeks
Revise Annually (Quarterly?)
Most Revision in Tasks, Objectives, Goals