Figure 2-1 provides a framework to conceptualize strategic planning within a company. Searching {{ model.searchType }} for returned no results. It doesn’t do you any good to have a strategic plan and not put it to use. If your organization is able to create a blue ocean, it can mean a massive value boost for your company, its buyers, and its employees. Strategic planning is a review and planning process that is undertaken to make thoughtful decisions about an organization’s future in order to ensure its success. Below is an example SWOT analysis from the Queensland, Australia, government: Using a SWOT analysis helps an organization identify where they’re doing well and in what areas they can improve. Plan sponsor STEEPLED is another variation, which stands for “sociocultural, technological economic, environmental, political, legal, education, and demographic.”, See Also: PEST Analysis Template (+ Seven Other Strategic Planning Templates). The 2020-2025 Strategic Plan is activated by our Planning and Reporting Framework via a clearly articulated planning and accountability structure that integrates with and is applied to all levels of Planning and Reporting to ensure UOW achieves our 2025 strategies and objectives to progress our 2030 and Beyond vision. See Also: Porter’s Five Forces Template (+ Seven Other Strategic Planning Templates). The strategy at your organization is nonexistent, and you’re assigned to find a strategic planning model so that you can kick off your, Your company-wide strategy is in place, but entirely ineffective—and you have a hunch that using a strategic planning model (and. Below, we’ll walk through the three critical phases: Prepare for strategic planning. Pro tip: To search, just start typing - at any time, on any page. An Annual Report for each financial year. You want your department to be able to see their goals and the steps to achieve them. Looking at all three levels as a whole, strategy leaders can form criteria for developing, testing, implementing, and adapting strategies on an ongoing basis, allowing for quick and thoughtful responses when needed. To learn more about the basics of strategic planning, read this article. Integrated Planning and Reporting Framework and Guidelines p7. The Integrated Planning and Reporting (IP&R) framework changed the way Councils in NSW planned, documented and reported on their plans for the future. For example, PESTEL (or PESTLE) indicates an organization is also considering “environmental” and “legal” factors. Many sections include examples, as well. Without proper reporting, you won’t be able to track progress, pinpoint problems, or achieve goals. There are a lot of strategic planning models out there. 2.2.1 The National Development Plan and the Medium Term Strategic Framework 25 2.2.2Implementation Delivery Model 25 2.2.3Spatial Development Framework 26 2.2.4Budget Prioritisation Framework 26 2.2.5Provincial priorities 27 2.3 Alignment of the policy, planning, budgeting and reporting processes 27 3.2 In accordance with the requirements outlined in the Financial and Performance Management Standard 2009 the University must also have appropriate systems in place for evaluating the achievement of its objectives and services stated in these plans, and must report against this performance at least once every three months. Strategy mapping is a major part of the Balanced Scorecard (though it isn’t exclusive to the BSC) and offers an excellent way to communicate the high-level information across your organization in an easily-digestible format. Council or Vice-Chancellor and President as appropriate It unifies all goals into a single strategy. d. effectively discharge its responsibilities in accordance with its legislative requirements. METHODOLOGY This report builds on a previous report for SUBR regarding best practices in strategic planning and a Strategic Planning Stakeholders survey analysis conducted for the university. All planning at USC is underpinned by the Enterprise Risk Management Governing Policy and the Risk Management Framework and Strategy which provides the basis for integrated risk management at the University. Then, the programmatic strategy requires research into the external environment to identify approaches and offerings that would help the organization achieve its mission. I’m willing to bet one of these situations sounds familiar: If you can identify with one of these scenarios, this article is for you! After an issues-based plan has been implemented and the major issues you identified are resolved, then your organization might consider shifting to a broader, more complex strategic management model. The strategic planning model of choice for Google, Intel, Spotify, Twitter, LinkedIn, and many other Silicon Valley successes, the OKR framework, is one of the more straightforward strategic planning tools. By continuing, you agree to our cookie and privacy policies. 7.5 Support plans are plans that are subsidiary to first and second tier plans, the number and focus of which may be determined by either Council or the Vice-Chancellor and President from time to time. (‘Approving body’). PREFACE All local governments are currently required to produce a plan for the future under S5.56 (1) of the Local Government Act 1995 (the Act).It is intended that regulations will be made under S5.56(2) of the Act to briefly What is Strategic Planning? Terms and definitions identified below are specific to this policy and are critical to its effectiveness: Consultation process means the provision of opportunity to contribute ideas and suggestions, Monitoring means systematic overview of the implementation of a University plan. Through the establishment and maintenance of the Planning and Reporting Framework, the University will undertake strategic and operational planning to assist it to: a. realise its vision and achieve its goals on an ongoing basis; b. integrate planning, risk, reporting and budgetary processes; c. behave proactively rather than reactively; and. Diagram 1 – Planning and Reporting Framework. They are developed based on a rolling triennial approach with the primary focus being the first year. 6.1 The University will adopt a systematic approach to planning based on: a. development of action directed towards the realisation of the University’s Vision and strategic priorities, b. effective risk and resource management strategies, c. effective accountability processes including reporting on plan outcomes and. Monitor performance of support plans. Strategy is a framework of plans or methods that help and organization to achievement of the main objective. A strategy map is a visual tool designed to clearly communicate a strategic plan and … 7.2 Different types of plans require different level of details but at a minimum strategic, top level and operational plans should include goals, performance indicators, performance targets and timelines. Not sure how to tackle this big job? It is an acronym for “strengths, weaknesses, opportunities, and threats.” Strengths and weaknesses are considered internal factors, and opportunities and threats are considered external factors. It all starts with your organization’s vision. The Integrated Planning and Reporting Framework and Guidelines have been developed as part of the State Government's Local Government Reform Program. The SPF has several defining characteristics that set it apart from other strategic planning processes . This devolution of responsibility recognises that Senior Staff are responsible for management of risks and the achievement of plans in an often dynamic environment and that operational management decisions are most appropriately made at the organisational unit level. Next, your organization will create action plans to address the issues, including budget allocation. The award is currently open to manufacturing, service, small business, nonprofit, government, education, and healthcare sectors. A Strategic Resource Plan for a period of at least four years that must be included in the Council Plan. If you are evaluating different approaches, I would recommend thinking about both creating your strategic plan and also executing on your plan. Approve minor amendments to correct omissions or inaccuracies to the Operational Plan; and Below is a simple comparison chart from the Blue Ocean Strategy website that will help you understand if you’re working in a blue ocean or a red ocean: See Also: Blue Ocean Analysis Template (+ Seven Other Strategic Planning Templates). Conduct a review of the support plan prior to its conclusion. They are developed based on a rolling triennial approach with the primary focus being the first year. Goal-based planning tackles that challenge by setting measurable goals that align with your vision and strategic plan. Your organization-wide strategy is fine, but there’s one area in your business environment (or internal process) that needs to be realigned with your strategy. 7.1 The University will have a planning and reporting framework comprising a hierarchy of plans cascading from the University’s Vision (refer Diagram 1): Tier 5: Individual Staff Performance Planning and Review plans. Strategic planning tools, or models, are designed to help organizations' develop their action plan to achieve their goals. Some sources cite up to seven steps in the Hoshin Planning model, but the four most critical are: You visualize your objectives, measures and targets, measure programs, and action items in a Hoshin Planning matrix. When you deploy it correctly, strategic planning highlights problems, helps find solutions, and monitors progress. Use a Department Business Plan Dashboard. It explains the strategic planning process and gives tips on how to create a successful reporting guide. Conduct a review of the Plan prior to its conclusion. These plans serve as actionable road maps to success. Similar to the organic model, real-time strategic planning is a fluid, nontraditional system. It would also be beneficial for younger organizations that need to gain funding without presenting a formal strategic plan. It gives every employee a clear goal to keep in mind while accomplishing tasks and measures. Issue-based planning is ideal for young or resource-restricted organizations. Conduct a review of the Strategic Plan prior to its conclusion. If you’re interested in reading more, this Business News Daily article offers some additional details about each area of the SWOT analysis and what to look for when you create one. The Balanced Scorecard is a strategy management framework created by Drs. Put your strategic plan into practice. If you have any questions about the planning models above, we’d love to answer them. Four directional quadrants (north, south, east, west) inform each other and demonstrate alignment. The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes. You may also run into Porter’s Five Forces (see #7 below), which is a similar take on examining your business from various angles. The Strategic Framework covers a period of two consecutive calendar years and serves as the basis for programme planning, budgeting, monitoring and evaluation. The Malcolm Baldrige National Quality Award is “the highest level of national recognition for performance excellence that a U.S. organization can receive.” Created in 1987, the goal of Baldrige is to help organizations innovate and improve, while achieving their mission and vision. The MRF provides the framework for monitoring and reporting on progress in achieving the MSA Program's outputs and outcomes. 2.1 Step 1: Set the strategic planning direction. The FSAPP was written to be read in conjunction with the Framework for 7.3 The Strategic Plan includes the University’s vision, sets the long-term direction of the University and articulates major University level priorities over a four-year period. It’s primarily used by organizations that need to be more reactive, and perform strategic planning in “real time.” For these companies, detailed, long-term plans tend to become irrelevant within the typical three- to five-year planning cycle because the environment they operate in rapidly changes. 7.7.1 Action plans are approved by the relevant member of Executive (‘approving officer’) - Vice-Chancellor and President, Deputy Vice-Chancellor, Chief Operating Officer or Pro Vice-Chancellor - annually for the next financial year. It is primarily used to identify specific internal deficiencies. It includes feeding results into the official annual planning and reporting documents: Reports on Plans and Priorities and Departmental Performance Reports. (member of University Executive). A strategy map offers a host of benefits: See Also: A Strategy Map Template For Medium-Sized Companies. Approve department/school action plans and amendments to the plans; and A strategic … See a strategic planning model you like? The strategic planning principles contained in the Local Government Act 2020 require councils to adopt an integrated approach to planning, monitoring and performance reporting. Read through each of the models or find the ones you're looking for from the list below and jump right to them. Similar to issue-based planning, the alignment model focuses on first looking internally to develop a strategy. Diagram 1 – Planning and Reporting Framework 7.2 Different types of plans require different level of details but at a minimum strategic, top level and operational plans should include goals, performance indicators, performance targets and timelines. We recommend determining which of these strategic planning models applies most to your organization’s way of thinking. For example, Kim and Mauborgne explain via their 2004 Harvard Business Review article how Cirque du Soleil didn’t attempt to operate as a normal circus, and instead carved out a niche for itself that no other circus had ever tried. For the first level, you’ll define the organization’s mission, vision, market position, competitors, trends, etc. With this model, a company uses “natural,” self-organizing systems that originate from its values and then leverages its own resources to achieve goals, conserve funds, and operate effectively. Procurement Review and prepare quarterly action plan status reports if required by Relevant member of Executive, Relevant member of Senior Staff This is typically a short-term (6-12 months), internally-focused process. Many nonprofits use this model—for example, a disaster relief agency needs the ability to respond quickly and adapt its strategy to immediately address a crisis. It’s designed to create alignment and engagement around measurable goals by clearly defining: This model is effective in part because of its simplicity; it also employs a “reverse” hierarchy that works to gain buy-in and alignment from the ground up. The operational plan will demonstrate how the University will support the delivery of its strategic objectives within the allocated budget. Performance reporting is a key part of our strengthening councils program. of the 2016-20 Strategic Plan. The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes.