1Strategic management planning
Strategic management Strategic management
planning (SMP)planning (SMP)
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Thinking outside of the box
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What is the difference between What is the difference between
a plan and a strategic a plan and a strategic
management plan?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
4Strategic management planning
How many of you have a plan How many of you have a plan
for your life?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.
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StepStep 1- Initiate and agree on a 1- Initiate and agree on a
Strategic Planning ProcessStrategic 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.
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Step 2- The Identification of the Step 2- The Identification of the
Organizational GoalsOrganizational Goals
• You must identify what goals you want to achieve in your strategic management plan.
• to be a goal it must be:SS pecific,
MM easurable
AA chievable
RR ealistic
TT ime bound
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Step 3- Develope a mission Step 3- Develope a mission
statementstatementThe mission statement sets out how you will achieve your goals.
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Step 4- You must do a SWOT Step 4- You must do a SWOT
exerciseexercise
The SWOT exercise helps you to look at your
SStrengths
WWeaknesses
OOpportunities
TThreats
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Step 5- the establishment of a Step 5- the establishment of a
vision statementvision statement
The Vision statement will clearly say where it is you want to be having successfully carried out your strategic management plan
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Step 6- Review the developement Step 6- Review the developement
of your strategic management of your strategic management
planplan
For learning outcomes!
Why?
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The conclusionThe 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.
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Thanks to Mr. Hoffman and the IPW-
Team for all their hard work in making
this week such a great success
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THE ENDTHE END
Finally thank you all here
today for your attention.
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