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Learn critical skills to take your strategy from formulation to execution. Identify business goals, make critical decisions, and help teams thrive and grow.
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Aug 7, 2018 · Many strategic plans aren’t strategic, or even plans. To fix that, try a six step process: first, identify key stakeholders. Second, identify a specific, very important key stakeholder: your ...
- Outline
- About me
- What is a strategic plan and why is it needed?
- Analysis and Assessment
- Strategy Development
- Key Components
- Mission, Vision, Values
- Environmental Analysis
- Other components
- Executive Summary
- Overcoming Challenges and Pitfalls
Introductions / Overview Strategic Planning: Why? Strategic Planning: How, What, Who, When? Overcoming Challenges and Pitfalls Sample Strategic Plans Q & A
Adjunct Lecturer at HKS Two decades’ experience in the nonprofit and philanthropic sector, designing and leading large global and national initiatives and organizations Board experience on boards and advisory boards www.sushmaraman.com www.linkedin.com/in/sushmaraman
roadmap to launch and grow your organization Process as important as product (perhaps more important) Aligns stakeholders around strategic priorities Communicates your goals, strategies and programs Engages, motivates, and retains external and internal audiences (e.g., board, staff, donors, etc.)
Scanning the field: Builds knowledge on trends, best practices, existing initiatives, gaps, etc. Builds buy-in through stakeholder engagement Enables the organization to position itself in a larger landscape Clarifies the unique value-add of the organization or initiative within a complex marketplace
process, not simply a product Dynamic, not static Engages board, staff, funders, clients, community Helps organization align mission, programs, capacity
Executive Summary Mission and Vision Environmental Analysis / SWOT Goals, Priorities and Strategies Additional components: financial plan, evaluation, staffing / operational plan
Mission Statement: your purpose Harvard Kennedy School: http://www.hks.harvard.edu/ocpa/pdf/HKS_Facts_Cur rent.pdf Ford Foundation: http://www.fordfoundation.org/about-us/mission Open Society Foundation: http://www.opensocietyfoundations.org/about/mission-values
Reviewing literature Identifying and analyzing similar organizations working on the issue or in the same geographic region Interviewing experts in your field and related fields PEST: political, economic, social, technological factors that affect your organization’s mission and approach SWOT: your organization’s strengths and weaknesses, as well as ...
Financials (how do your financials align with your aspirations?) Staffing Evaluation (what will success look like?) One page summary / Key highlights / dashboard to track progress
Can be the most important part of the document – may be the only portion read by external stakeholders Should succinctly convey the future direction, priorities and impact Write this last!
Challenge of consensus over clarity Challenge of who provides input versus who decides Preparing a long, ambitious, 5 year plan that sits on a shelf Finding a balance between process and a final product Communicating and executing the plan Lack of alignment between mission, action, and finances
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- Senior management collectively owns the strategic plan. In most organizations each senior manager has a silo or line responsibility under his or her purview.
- The strategic plan is inclusive. We often see strategic plans developed by CEOs or senior management teams and then cascaded down their respective organizations.
- The strategic plan incorporates operational realities. Many organizations struggle to acknowledge their challenges and weaknesses. Without a candid assessment of the organization’s landscape, a strategic plan will not be effective.
- The strategic plan includes specific and tangible actions assigned to individuals. We typically see an organization’s senior management team go off-site and create grandiose strategic plans that sound great in principle.
- Assess your current business strategy and business environment. Before you can define where you’re going, you first need to define where you are.
- Identify your company’s goals and objectives. To begin strategy development, take into account your current position, which is where you are now.
- Develop your strategic plan and determine performance metrics. Now that you understand where you are and where you want to go, it’s time to put pen to paper.
- Implement and share your plan. Now it’s time to put your plan into action. Strategy implementation involves clear communication across your entire organization to make sure everyone knows their responsibilities and how to measure the plan’s success.
Jul 17, 2024 · In this article, we'll show you how to write a strategic plan in 6 simple steps. By the end, you'll have a comprehensive, actionable strategic plan that will help you align your organization on the path to success.
Apr 3, 2019 · In this article, you’ll learn the basics of the strategic planning process and how a strategic plan guides you to achieving your organizational goals. Plus, find expert insight on getting the most out of your strategic planning.
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