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Approve and amend support plans; and 1901 N. Moore Street, Suite 502 | Arlington, VA 22209 | 866-568-0590 | [email protected], Copyright © 2020 Ascendant Strategy Management Group LLC d/b/a ClearPoint Strategy |. Some of these frameworks have been around longer than others, or have been used in various case studies in different ways. Many sections include examples, as well. 7.4.1 Top Level Plans, and any amendments to them, must be approved by Council (after review by the Planning and Resources Committee), except that minor amendments to correct omissions or inaccuracies may be approved by the Vice-Chancellor and President and reported to the next scheduled meeting of Council. 6.2 The University’s planning process will be led by the Vice-Chancellor and President with the participation of the University Executive, Council, Academic Board, and Planning and Resources Committee, and will be informed by an assessment of the University’s internal and external environments and by consultation with staff and other stakeholders. (Vice-Chancellor and President, Deputy Vice-Chancellor, Chief Operating Officer or Pro Vice-Chancellor in accordance with the approved USC organisational structure), Approve minor amendments to correct omissions or inaccuracies to action plans; and 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. 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). Create your strategic plan. By continuing, you agree to our cookie policies. Most notably, it is: Dynamic and iterative. One year before the beginning of the fiscal year, Endnote 5 the EMB sets the strategic planning direction for the upcoming ISPP cycle. 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). For the first level, you’ll define the organization’s mission, vision, market position, competitors, trends, etc. 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. A Budget for each financial year. Strategic planning may be utilized on a large scale, such as planning for business growth over several years or to help a nonprofit or … 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. It provides a simple, clean, visual representation that is easily referred back to. An Annual Report for each financial year. 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. What is Strategic Planning? Sample Strategic Plans These are public strategic plans OnStrategy has helped facilitate and create. Relevant member of Executive Your strategic planning will start by identifying a goal and analyzing which operations or resources need to be aligned with that goal. Then, the programmatic strategy requires research into the external environment to identify approaches and offerings that would help the organization achieve its mission. We recommend determining which of these strategic planning models applies most to your organization’s way of thinking. It is therefore important that institutions focus on the achievement of outcomes oriented planning and report the results in a simple and clear manner. Most corporate strategic plans have little to do with strategy. This is a fast-paced, iterative approach that flips the traditional top-down strategic models. Strategy Map. Council or Vice-Chancellor and President as appropriate See a strategic planning model you like? Monitor performance of the Operational Plan. Approve department/school action plans and amendments to the plans; and Not sure how to tackle this big job? 7.6 The University’s Operational Plan is a third tier plan that outlines the key initiatives and targets for the University on an annual basis. The SPF has several defining characteristics that set it apart from other strategic planning processes . Like SWOT, PEST is also an acronym—it stands for “political, economic, sociocultural, and technological.” Each of these factors is used to look at an industry or business environment, and determine what could affect an organization’s health. This model is designed to sync the organization’s internal operations with its strategic goals. See Also: Porter’s Five Forces Template (+ Seven Other Strategic Planning Templates). 2.1 Step 1: Set the strategic planning direction. 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. By continuing, you agree to our cookie and privacy policies. This strategic management model is less focused on measures and more on goals and initiatives. If your organization has a large, diverse group of stakeholders that need to find common ground, a vision that will take a long time to achieve, and a strong strategic emphasis on vision and values (instead of structure and procedures), this may be the right model for you. A strategy map is a visual tool designed to clearly communicate a strategic plan and achieve high-level business goals. Strategic planning tools, or models, are designed to help organizations' develop their action plan to achieve their goals. That’s a great question—and the answer isn’t cut and dried. Porter’s Five Forces is an older strategy execution framework (created by Michael Porter in 1979) built around the forces that impact the profitability of an industry or a market. 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. 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. There are a lot of strategic planning models out there. Approve and amend Strategic and Top Level Plans; and Approve minor amendments to correct omissions or inaccuracies to Strategic and Top Level Plans; If you are evaluating different approaches, I would recommend thinking about both creating your strategic plan and also executing on your plan. a red ocean). The five forces it examines are: The amount of pressure on each of these forces can help you determine how future events will impact the future of your company. USC is a member of the Regional Universities Network, Institute for Cyber Investigations and Forensics, Planning and Reporting Framework - Governing Policy, Enterprise Risk Management - Governing Policy, Financial Management Practices - Operational Policy, Organisational Unit Reviews - Operational Policy, Performance Management - Operational Policy, Performance, Planning and Review (PPR) - Procedures, Planning and Reporting Framework - Procedures, Glossary of Terms for policies and procedures, Strategic and

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