The Drivers Model process covers seven key principles for masterfully planning any activity.
Strategic Planning Principles A few key strategic planning principles will improve the development and implementation of corporate strategic plans.
Below I will outline a few of the planning principles I have found most useful. Strategic planning principles - Accountability The first of the principles of strategic planning is that strategic planning is a managerial accountability inherent to top management roles.
Strategic planning is central to top management stewardship of the organization entrusted to them. Responsibility and accountability for strategic planning is not an optional extra; it is a responsibility that top managers may seek support and assistance with. No matter how prestigious or how high their fees the strategy consultant is not accountable to the governing body for the strategic plan of the organization.
This does not rule out using external assistance for aspects of the strategic planning process. In many situations, it is very helpful to have an independent person facilitating the process. However, the ownership of the plan content, which means the decisions and commitments to action, belongs to the CEO and other managers.
Corporate strategic planning principle The second of the planning principles relates to the scope and level of the organization for strategic planning.
When I refer to strategic planning in this context, it means corporate strategic planning. This planning principle asserts that corporate strategic planning is concerned primarily with the performance of the organization as a corporate whole, and not with planning for functions or parts of the organization.
However, I believe it is the planning for improving the long run performance of the organization as a whole that is the essence of this second of the strategic planning principles, and not the naming of the process that is our concern.
For a fuller explanation of what we mean by corporate strategic planning go to - What is strategic planning? Tracking corporate performance Because strategic planning is planning for the long run risk adjusted performance of the organization as a whole, strategic planning requires performance metrics that track the progress of the organization as a corporate whole.
Another of our key planning principles, which follows on from this, is the secret to unlocking appropriate overall organizational performance metric.
This principle is to define the purpose of the organization in terms of delivering a clearly defined benefit to a level satisfactory to the intended beneficiaries of the organization. This is the way to define the fundamental purpose of the organization.
This is the third of our strategic planning principles. This is part of the larger and crucially important subject of corporate objectives. Strategic planning principles relating to decision making In light of the two previous planning principles regarding corporate performance measurement and clarifying organizational purpose, we can say that corporate strategic planning involves deciding on strategies that have a high probability of achieving satisfactory performance at a very low risk of organizational failure.
Therefore, we see risk management as inherent in the strategy making process. Corporate strategic planning almost always requires that top managers make hard choices from among many apparently desirable options. The desirable opportunities available to many organizations appear almost without limit, and they seem to present themselves very frequently.
These other choices may be the making of hard decisions about what not to do as well as what to do.
We regard this as another of our planning principles. Strategic decisions should make it clear what the organization is rejecting, as well as to what it is committing. This is not to rule out all opportunities that arise outside the scope of its current strategic plan.
Planning is partly about being ready to take advantage of real opportunities. Opportunity, by its nature is something that may be better than our current intentions. However, without sound plans, resulting from a thorough planning process, we would find it hard to recognize, evaluate, and judge whether to take the opportunity seriously.
This is why a systematic evidence-based SWOT analysis is so important in the strategic planning process. This suggests another piece of advice to include among our strategic planning principles.
The strategic planning process should be formal enough to enable the tracing of the decisions to their information and evidence base.Strategic planning is a process undertaken by an organization to develop a plan for achievement of its overall long-term organizational goals.
Model There is no one model of strategic planning.
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy.
Strategic planning is a process undertaken by an organization to develop a plan for achievement of its overall long-term organizational goals. Model There is no one model of strategic planning. A Practical Guide to Strategic Planning in Higher Education by Karen E.
Hinton Society for College and University Planning While corporations developed their planning processes based on market data and moving the business of the academy into the arena of political discourse. The Drivers Model is Leadership Strategies' methodology for strategic planning and the ultimate tool for masterful planning.
The Drivers Model process covers seven key principles for masterfully planning any activity. The seven principles are summarized below. Let's break down each one.
it plays in the strategic planning process. • Understand how strategic management often goes wrong, due to In the true business management sense, strategy is distinguished by overall organization cannot have a strategy or a strategic plan? Is it possible for both a teaching . Strategic Planning Process – Strategic management is process of the regular and continuous planning, leading and analysis of all the necessary actions that help an organization to meet its goals and objectives. According to Sharplin, “Strategic Management is defined as the formulation and. And these principles address inherent problems with the majority of strategic planning processes. To understand the value of the principles, it is best to start with understanding. Causal factors in poorly performing strategic plans.
The objective of Working Paper 3, Strategic Planning: Techniques and methods, is to provide practical guidance about the methodological and technical aspects related to the formulation of education sector strategic .