The Strategic Plan Era
A excellent strategic plan should provide a clear explanation of how one or more strategic goals are to be achieved by an organization or program. It outlines long-term goals and details the specific strategies and goals that are to be achieved. The strategic planning process is iterative and maps a clear path between a present condition and a vision for the future.
The broader strategic concerns are:
Who are we?
Where are we?
Where do we want to go (or not go) and why?
How do we get there?
How do we know when we get there?
The Strategic Plan template is broken down into the following sections:
Executive Summary
Strategic Planning Methodology
Current Situation
Target End-State
Requirements
Implementation Program
If then too not sure of the plan and its analysis; have a short summary of your and ask your cronies to critique the same. Once it gets done complete the analysis once and get ready with whatever you have in hand to fight.
It may also include a SWOT may be of your plan itself or the things included in your plan and the various point of view of the same. Then action planning is what needs to be focused on, setting objectives, tactics, responsibilities and timelines for the achievement of objectives. Evaluation of the same and the operational plan, budgets, etc all to be considered and updated.
Case study - AnyBiz Inc
Strengths
R and D almost complete
Basis for strong management team
Key first major customer acquired
Initial product can evolve into range of offerings
Located near a major centre of excellence
Very focused management/staff
Well-rounded and managed business
Weaknesses
Overdependent on borrowings - Insufficient cash resources
Board of Directors is too narrow
Lack of awareness amongst prospective customers
Need to relocate to larger premises
Absence of strong sales/marketing expertise
Overdependence on few key staff
Emerging new technologies may move market in new directions
Threats
Major player may enter targeted market segment
New technology may make products obsolescent
Economic slowdown could reduce demand
Euro/Yen may move against $
Market may become price sensitive
Market segment's growth could attract major competition
Opportunities
Market segment is poised for rapid growth
Export markets offer great potential
Distribution channels seeking new products
Scope to diversify into related market segments
Business Objectives
To expand the business aggressively and offer above-average returns to shareholders.
To become the leading, innovative systems company within the xx market segments.
Strategic Action Programs
The following strategic action programs will be implemented:
CEO: Prepare comprehensive business plan and develop contacts to raise VC within 6-9 months.
CFO: Recruit Marketing Director and other key staff for marketing/sales and HR Director within 3-4 months.
TechDir: Review R and D resources and scope for technical alliances - expand with arrival of VC.
Board: Expand BoD to include further independent financial, technical and industrial expertise prior to seeking VC.
All: Develop and implement accelerated market entry and development plans.
A excellent strategic plan should provide a clear explanation of how one or more strategic goals are to be achieved by an organization or program. It outlines long-term goals and details the specific strategies and goals that are to be achieved. The strategic planning process is iterative and maps a clear path between a present condition and a vision for the future.
The broader strategic concerns are:
Who are we?
Where are we?
Where do we want to go (or not go) and why?
How do we get there?
How do we know when we get there?
The Strategic Plan template is broken down into the following sections:
Executive Summary
Strategic Planning Methodology
Current Situation
Target End-State
Requirements
Implementation Program
If then too not sure of the plan and its analysis; have a short summary of your and ask your cronies to critique the same. Once it gets done complete the analysis once and get ready with whatever you have in hand to fight.
It may also include a SWOT may be of your plan itself or the things included in your plan and the various point of view of the same. Then action planning is what needs to be focused on, setting objectives, tactics, responsibilities and timelines for the achievement of objectives. Evaluation of the same and the operational plan, budgets, etc all to be considered and updated.
Case study - AnyBiz Inc
Strengths
R and D almost complete
Basis for strong management team
Key first major customer acquired
Initial product can evolve into range of offerings
Located near a major centre of excellence
Very focused management/staff
Well-rounded and managed business
Weaknesses
Overdependent on borrowings - Insufficient cash resources
Board of Directors is too narrow
Lack of awareness amongst prospective customers
Need to relocate to larger premises
Absence of strong sales/marketing expertise
Overdependence on few key staff
Emerging new technologies may move market in new directions
Threats
Major player may enter targeted market segment
New technology may make products obsolescent
Economic slowdown could reduce demand
Euro/Yen may move against $
Market may become price sensitive
Market segment's growth could attract major competition
Opportunities
Market segment is poised for rapid growth
Export markets offer great potential
Distribution channels seeking new products
Scope to diversify into related market segments
Business Objectives
To expand the business aggressively and offer above-average returns to shareholders.
To become the leading, innovative systems company within the xx market segments.
Strategic Action Programs
The following strategic action programs will be implemented:
CEO: Prepare comprehensive business plan and develop contacts to raise VC within 6-9 months.
CFO: Recruit Marketing Director and other key staff for marketing/sales and HR Director within 3-4 months.
TechDir: Review R and D resources and scope for technical alliances - expand with arrival of VC.
Board: Expand BoD to include further independent financial, technical and industrial expertise prior to seeking VC.
All: Develop and implement accelerated market entry and development plans.