Outcomes[ edit ] Whilst the planning process produces outputs, as described above, Strat plan implementation or execution of the strategic plan produces Outcomes.
Capital budgets very often form the backbone of a strategic plan, especially as it increasingly relates to Information and Communications Technology ICT. Mintzberg argues that strategic planning can help coordinate planning efforts and measure progress on strategic goals, but that it occurs "around" the strategy formation process rather than within it.
Sekora, Project Socrates founder in the Reagan White House, during the cold war the economically challenged Soviet Union was able to keep on western military capabilities by using technology-based planning while the U. Tools and approaches[ edit ] Video explaining the strategic plan of the Wikimedia Foundation Wikimedia Movement Strategic Plan PDF A variety of analytical tools and techniques are used in strategic planning.
A "forecast" is typically a combination of actual performance year-to-date plus expected performance for the remainder of the year, so is generally compared against plan or budget and prior performance.
Responsive Evaluationwhich uses a constructivist evaluation approach to identify the outcomes of objectives, which then supports future strategic planning exercises.
The four stages include: Categories 3 and 4 are strategic planning, while the first two categories are non-strategic or essentially financial planning. In business, the term "financial plan" is often used to describe the expected financial performance of an organization for future periods.
Which skills and resources should be developed within the organization? The term "budget" is used for a financial plan for the upcoming year. What differentiates the organization from its competitors in the eyes of customers and other stakeholders?
The term operational budget is often used to describe the expected financial performance of an organization for the upcoming year. Each stage builds on the previous stages; that is, a stage 4 organization completes activities in all four categories.
Companies may also plan their financial statements i.
Which products and services should be included or excluded from the portfolio of offerings? What is considered "value" to the customer or constituency? The organization may use a variety of methods of measuring and monitoring progress towards the objectives and measures established, such as a balanced scorecard or strategy map.
Financial planning, which is primarily about annual budgets and a functional focus, with limited regard for the environment; Forecast-based planning, which includes multi-year financial plans and more robust capital allocation across business units; Externally oriented planning, where a thorough situation analysis and competitive assessment is performed; Strategic management, where widespread strategic thinking occurs and a well-defined strategic framework is used.
There will also arise unintended Outcomes, which need to be attended to and understood for strategy development and execution to be a true learning process.The Association for Strategic Planning (ASP), a U.S.-based, non-profit professional association dedicated to advancing thought and practice in strategy development and deployment, has developed a Lead-Think-Plan-Act rubric and accompanying Body of Knowledge to capture and disseminate best practice in the field of strategic planning.
Department of Veterans Affairs FY − Strategic Plan Section Compliance Statement: The U.S. Department of Veterans Affairs is committed to making its electronic and information technologies accessible to individuals with disabilities in accordance with Section of the.
Oct 25, · A strategic plan looks at all the things your small business could do and narrows it down to the things it is actually good at doing. A strategic plan also helps business leaders determine where. The output of strategic planning includes documentation and communication describing the organization's strategy and how it should be implemented, sometimes referred to as the strategic plan.
The strategy may include a diagnosis of the competitive situation, a guiding policy for achieving the organization's goals, and specific action plans to. VA Strategic Plan. The VA Strategic Plan for established our enduring principles: people-centric, results-driven, and forward-looking. The Office of Enterprise Integration strengthens the operational capabilities of the Department of Veterans Affairs executing across its Administrations and Strat Plan FY ; VA Plans.
Strategic Plan. FY –FY FERC submits FY –FY Strategic Plan: FERC's Mission - Reliable, Efficient and Sustainable Energy for Customers Assist consumers in obtaining reliable, efficient and sustainable energy services at a reasonable cost through appropriate regulatory and market means.Download