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Business-Strategic-Planning.pptx
- 1. Business Strategic Planning BA700 – Professor: Dr. Sharon Juance Zoom schedule: June 13, 2020 3:30pm Group 10 members: Hannah Marie T. Danoy Wilson Delgado Sheena Mae P. Durban Trecia Mae R. Liguaton
- 2. A business strategic plan is a written document that points the way forward for your business. It both lays out your company’s goals and explains why they’re important.
- 4. -consists of analysing the business and setting realistic goals and objectives -leads to the creation of a formal document that lays out the company’s views and goals for the future
- 5. -helps you uncover ways to improve performance -spark insights about how to restructure your organization so that it can reach its full potential
- 6. A well-designed strategic plan will dictate how you respond to opportunities and challenges of every color, shape and size.
- 7. -provides important opportunities for employees and managers to collaborate -provides a sense of direction and outlines measurable goals
- 8. -gives you a place to record your mission, vision, and values, as well as your long-term goals and the action plans you’ll use to reach them -tells you and your employees how best to respond to opportunities and challenges
- 9. Financial benefits: -Improvement in sales -Improvement in profitability -Improvement in productivity
- 10. Non-financial benefits: -Enhanced awareness of external threats -Improved understanding of competitor’s strategies -Increased employee productivity -Reduced resistance to change -Understanding of performance-reward relationships -Enhances problem-prevention capabilities
- 12. -Clarify the goals that the company wants to accomplish -Select the comprehensive strategies that will enable the company to achieve those goals -Identify ways to evaluate progress Three important tasks of strategic planning:
- 13. 12 key sections in your strategic plan - Executive Summary - Company Mission Statement - SWOT-Analysis - Goals - Key Performance Indicators - Financial Projections
- 14. 12 key sections in your strategic plan - Target Customers - Industry Analysis - Competitive Analysis and Advantages - Marketing Plan - Team - Operations Plan
- 16. Company Mission and Vision Statement
- 17. SWOT-Analysis
- 18. Goals
- 19. KPIs or Key Performance Indicators
- 20. Target Customers
- 23. Marketing Plan
- 25. Operations Plan
- 28. 1. Identify Organization’s existing: - Vision - Mission - Objectives - Strategies
- 29. 2. Perform External audit
- 30. 3. Perform Internal audit
- 31. 4. Establish short-term and long-term goals
- 32. 5. Generate, evaluate, select strategies
- 34. 7. Measure and evaluate performance
- 36. Develop your complete strategic plan each year and update it monthly
- 37. Having a plan is far better than having no plan at all.
- 38. Every business knows where to go and the destination but unless the roadmap is drawn, reaching the destination may be time-consuming and costly.
- 39. A Strategic Plan balances activities and directs the business to take the right track to achieve this.
- 40. Check whether you are going in the right direction and also correct yourself when you made a wrong turn without much time and money lost.
- 43. End
- 44. Thank you