Most businessmen and managers are often so preoccupied with the immediate issues that they conveniently forget their ultimate objectives in running their businesses. Thus running a business without a strategic plan, these people would not be able to achieve their short-term, as well as, long-term goals. A manager, at least, must know his business well, so that he would be able to plan ahead to achieve his company’s vision and mission. How do these people set their vision and mission? What are their strategic goals or plans?
Strategic plan is not the same as a business plan or an operational plan. A strategic plan then entails the path that the company wants to be in the near future. It is so easy to plan ahead, but can a manager strategically plan to take advantage of his own core competency.
Strategic business planning is indeed a tool that any businessmen and managers can ill-afford to have in their skill-sets to manage a business in these trying times. And being a member of the management team in two banks, this facilitator can show you how easy it is to understand and apply this tool to strategically plan for your department and company. Then-after you can use these tips to even draw a 3-year action plan for your company.
Objectives
The objectives of the workshop:
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Appreciate the importance of strategic planning today. |
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Understand the process of developing a strategic business plan. |
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Learn the six activities that form the competitive strategy development process. |
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Able to articulate goals, timeline, responsibilities and expectations in pre-planning. |
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Determine a company's existing vision, mission, objectives & strategies. |
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Use SWOT to help identify the possible strategies to build on strength, resolve weaknesses, exploit opportunities and avoid threats. |
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Differentiate critical success factors, key result areas, goals, tactics and action plans from the others. |
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Measure whether spending is according to plan or progress is according schedule. |
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Apply strategic planning in drawing up a three-year action plan to guide a manager or businessman. |
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