Before beginning the strategic planning process, its important to make sure you have buy-in from management, a board of directors, or other leaders. Sometimes the consensus can take priority over what is clear. Do not abandon this at the first sight of the unexpected. You may think that this will be easy. The industry analysis carries a price, but also provides many benefits. These are the Core Values of the ABC Company: 1. (my father passed in 2006). 15 0 obj At its best. It establishes the direction a company is going to take by considering its goals and objectives. Instead, be honest about the strengths that you see in the author. Get answers to common questions or open up a support case. If you are a member of your business's decision-making team, such as a manager or team leader, you may help create, update or implement a strategic plan. Once youve assembled your team and defined your terms, its time to formalize your ideas by writing the strategic plan. As you can see, writing a foreword or getting someone important to write a foreword for your book can really help your platform or that of another author. In some cases, yearly planning might keep you continually stuck in the planning process, while 10 years might be too far out. The following sections walk you through how to write common sections of a strategic plan. Flattery has no room in the foreword. Say what you do, who you do it for, and why it is valuable. Isolating the target customer has massive implications, including in other stakeholder groups. This is shaped by the objectives youve set for your organization and the knowledge youve gleaned about your stakeholders current and future needs on strategic factors. As a research-led university we shall continue to engage in cutting-edge research, especially in those interdisciplinary areas identified as our strengths, not only to make an intellectual impact internationally but also to benefit humankind in addressing challenges and societal needs locally, regionally and globally. Writing a strategic plan can be daunting, as the process includes many steps. Begin with looking at your life as it is now. Richard Branson wrote the foreword for this new book on self-improvement and learning to live boldly: Ive always had a love for adventure, and Ive been blessed to share many of them with my family and friends. View your strategic as being locked in an intimate tango with your key stakeholders. You cant be sure, for instance, in the case of the manufacturer of specialized air conditioners, that ramping up technical support pre- and post-sale will drive more revenue. Does the performance measure support the strategic outcomes? Once it adopted the six-step method, these outcomes were identified as reducing employee turnover and increasing productivity and innovation. Metrics were developed to monitor these, and targets were set before moving on. These are the key decision-making criteria that stakeholders use when interacting with your business. I was buried in the enterprise.. Package your entire business program or project into a WorkApp in minutes. You can use many models and formats to create your strategic plan (read more about them in this article). As it does within a business, this statement will help guide you in making future decisions. Third, figure out what these stakeholders want from you. Once you get the knotty key-stakeholder problem sorted out you can move on but not too fast. While five years is often the strategic planning sweet spot, some organizations choose to create three-year plans. Similarly, the University aims to maintain a world-class infrastructure that supports our academic endeavours in an information age. Each proposal must be planned out before a word is written. Select From Our Collection of Small Business Plans, Non-Profit Business Strategic Plans, One-Page Healthcare Education Plans, School Department Budget Plans, and Many More. You'll include the tactics that will help you get there, too. Performing this analysis will help you figure out what you do best and how you compare to your competition. Every day I see people doing great things in the world. HBR Learnings online leadership training helps you hone your skills with courses like Strategy Planning and Execution. Every action your company does contributes to its vision. Thank you Olaoluwa, were glad you found the post helpful! Did you find this post helpful? "Acknowledgment" vs "Acknowledgement" | Which one is correct? In this blog post, I will be sharing some examples of Foreword that you can use for your book, Report, thesis, or Research Paper. A colleague asked me to write a foreward and I had no idea where to start. Who are your target customers? This planning assures a deep consideration of the audience, the most effective structure, and persuasive content. Breaking down the process further, some strategic planners use the terms strategies and tactics to label ways to achieve objectives. The process of formulating a new Strategic Plan at CUHK has given us the opportunities to take stock on past successes and failures, to determine our visions and future goals in the light of challenges ahead, and to put forward strategies for our developments not only in response to changing needs but also as an active and participating agent to Through engagement with the public we will better articulate, develop and communicate an identity consistent with our visions in order to facilitate the community in understanding our goals and recognizing our achievements. Strategic planning in a school is different from others because there are no markets to explore, products to produce, clients to woo, or adjustable timelines. May I thank you heartily for taking an interest in the future of CUHK and the communities we serve. but it can prove beneficial for the author of the foreword as well as the author of the book. In contrast,the foreword is written by someone else and is meant to endorse the author and their work. There is no set time period for a strategic plan, but five years can be a sweet spot. Get a free cross-functional project template. This will involve a lot of ongoing management to ensure everyone stays on task. The consent submitted will only be used for data processing originating from this website. Access more than 40 courses trusted by Fortune 500 companies. Objective 1: Increase client satisfaction from 82.0% to 90.0% by December 31st. The Strategic Planning Cycle. Capture this in your strategic goals, which should have tactics tied to each . Creating a strategic plan isnt only for businesses. You need to make sure someone is good, so there needs to be a vetting process, he says. Dont lose what makes you good, he says. 18 0 obj Some organizations just have one., If you choose to have only one statement, McNerney offers some advice: Any statement you have, if you have just one, needs to include what [you do], how [you do it], why [you do it], and who you do it for., During the planning process, these key statements might change. ASPs Stockmal has some questions for you to ask yourself about picking performance indicators. However, it can be written by the author himself as well if needed. :). Using the information you discovered during your SWOT and mission statement process, come up with goals that align with your values. Thank you so much. After extensive consultations with various stakeholders of the University, a new Strategic Plan for 2016-2022 has been formulated. What some people call an objective, others would call a KPI. They key, she explains, is to decide what the terms mean in your organization, explain the definitions to key stakeholders, and stick to those definitions. Next, gather your planning team. If you need assistance writing a comprehensive implementation plan for your organization, this article can guide you through the process. You Should Read This Next How to Write a Book Like Lord of The Rings: 5 Tolkien-Style Tips To Follow An example goal: Increase website fundraising. The strategic planning process takes time, but the payoff is huge. A good estimate is about one to two pages, or about 750 to 1,500 words. In general, there are four parts to any executive summary: Start with the problem or need the document is solving. 3 Strategic Plan 2015 - 2020 Foreword . Your research might show you should not go in a direction you might want to. The foreword is an explanation of how important your book is, or why the person writing the foreword believes you are the right person to create such a book, or what about the book especially moved or influenced the person writing the foreword. Required fields are marked *. All Rights Reserved. Find tutorials, help articles & webinars. For more information about writing marketing plans, this article can help. The foreword of the preface is to discuss the relationship between the author and his book. Instant Acknowledgement Generator [For School Projects], Acknowledgement For School Projects [7 Examples]. :), Your email address will not be published. We have helped over one million people as they write their way through this world. If you have a failing project and need to turn it around, this article might help. It takes some time and money to do [a thorough industry analysis], but the lack of that understanding says a lot about the future of your organization. <> Key performance indicators (KPIs) can show you how your business is progressing. :). Why is it that when a group of managers gets together for a strategic planning session they often emerge with a document thats devoid of strategy, and often not even a plan? Kick-Off Meeting: 1 hr. But be careful to not create too many goals. Sometimes, its a good idea to hire an external party to help facilitate the strategic planning process. How do we make sure that your foreword has an impact? Its the reason you exist or what you do.. Execute: Now that the plan is in place, it's time to execute it. <>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 19 0 R/Group<>/Tabs/S/StructParents 2>> [If you dont do a thorough industry analysis], youre doing your planning with your head in the sand. This form of planning includes: a) Taking a wide look around at what's going on outside the organization and how it might affect the organization (an environmental scan), and identifying opportunities and threats b) Taking a hard look at what's going on inside the organization, including its strengths and weaknesses (perhaps doing a SWOT analysis) Look at each person separately and consider their core competencies, strengths, capabilities, and weaknesses. Are you satisfied? A strategic plan is a dynamic document or presentation that details your companys present situation, outlines your future plans, and shows you how the company can get there. Download Nonprofit Strategic Plan Template. This may seem obvious, but the person who wants to win a marathon needs to possess a fine balance of long-term strategy and shorter-term tactics to overcome the challenge. By investing in the future of CUHK, we are investing to build a better future for the Hong Kong, regional and global communities. Download University Strategic Plan Outline Word. An excerpt is shown below to show you how Mike describes his relationship with Gary: It has been my pleasure to know Gary Wiens since 1985 in a friendship that has gone from mere acquaintance to partnership in ministry. Conflict is part of strategic planning, Bryson admits. The steps in creating a plan for a department are the same as for an overall strategic plan, but the mission statement, vision, SWOT analysis, goals, objectives, and so on are specific to only the people in your department. But if its serious and contemplative, try to maintain a similar vibe. Quickly automate repetitive tasks and processes. All Rights Reserved. McNerney says many organizations do not really consider or are not honest about their companys values when working on strategic plans, which can lead to failure. In any case, long-term thinking needs to be an essential ingredient of . Get expert coaching, deep technical support and guidance. Appreciated the insights. While the specific terminology varies, basic sections of a strategic plan include the following in roughly this order: Some plans will contain all the above sections, but others will not what you include depends on your organizations structure and culture. It is important to be honest with yourself. An example of data being processed may be a unique identifier stored in a cookie. Promote the three key product areas on the website and in email newsletters. Required fields are marked *. Use specific and easy-to-understand language. This publication focuses on the pyramid's second tier, steps 5 to 7, which culminates in a written strategic plan: 5. In a three-year plan, the goals and objectives have a shorter timeframe and you need to monitor them more frequently. Decide who should get a physical copy of the entire plan. addresses the foundation of your organization, and it can serve as an outline for the following sections of your strategic plan: Identification of competing organizations, Industry analysis (this can include a SWOT or PEST analysis). Mission statements show why a business exists, while vision statements are meant to inspire and provide direction. Your plan has to be aligned with your culture and your culture needs to be aligned with your plan if youre going to be successful in implementing it.. 2. 17 0 obj iBossWell, Inc.s McNerney reiterates that there are not hard and fast definitions for the terms goals and objectives, as well as many other strategic planning concepts. Some of these effects include: A strategic plan can inspire & unite the whole school community Your strategies have to align with your values and vice versa, she explains. This resource will serve as a step-by-step overview of the strategic planning process. You can take many approaches to the process and consider differing ideas about what needs to go into it, but some general concepts stand. That work falls on the shoulders of the suburban accountant. For example, phrases like delivering a wonderful experience could apply to many industries. You can choose from many templates to help you write this section. As we stride forward into our golden jubilee, it is an opportune time for us to consolidate our strengths and identify opportunities for further development, so as to steer the University to the next level of excellence. Remind people of your companys mission, vision, and values to reinforce their importance. Ourperformanceisonan Smartsheet Contributor Vision 2. Most of the time, you will not have to go into too much detail. Consider the company mission The mission for a business describes what the company does. Each goal should reflect something you uncovered during the analysis phase of your strategic planning process. Assess Industry, Competitor & Customer Trends. Maximize your resources and reduce overhead. Create the plan: Then, you'll create the plan that will help you meet your goals and objectives. It should be short enough that it can be read or heard during the average elevator ride. If done correctly, your strategic plan will engage and align stakeholders around your companys priorities. The group should include people from various departments at different levels, and the planning process should be an open, free discussion within the group. The terms are all over the map. % Were glad you found Yens post helpful, Oberlene. <>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 12 0 R/Group<>/Tabs/S/StructParents 1>> Stakeholders can be great strategists. Collaborative Work Management Tools, Q4 2022, Strategic Portfolio Management Tools, Q4 2020. Vision statements should be short (a few sentences). This exercise will help you clarify your values. Over the years, Lingnan University's outstanding teaching, learning, scholarship and community engagement have demonstrated the values of its liberal arts education in Hong Kong's higher education sector. In the context of changing global trends and increasing competition in higher education, we considered it a priority to further strengthen our academic development and research as well as student development. Who is collecting that data, and how will they do it? She uses a basic diagram that she calls the strategic plan architecture. You can use templates as your references if you want to come up with a nursing strategic plan that is polished and formal looking. Save my name, email, and website in this browser for the next time I comment. Here are seven steps to consider: 1. A SWOT analysis on yourself will give you some honest feedback if you let it. You will learn how the foreword helps establish credibility for the author and the book. Thank you for a useful and succinct guide to writing a foreword, I have been struggling with a request for some time. For some managers, this seems initially like putting the cart before the horse. endobj Think about goals with varying lengths. Second, identify a specific, very important key stakeholder: your target customer. Our distinctive position was further testified when Forbes named us one of the Top 10 Liberal Arts Colleges in Asia in 2015. %PDF-1.5 Strategic plannning software designed for leaders of mid-sized organizations to align, design, execute, and report on their strategic plan. Assess the business Evaluate the business and its current performance using proven assessment tools. In fact, it is also possible to include what your company does for its employees in your mission statement. Write in a style similar to that of the book. If the book is a funny, comedic piece, inject humor into your foreword too. Once you know what you do well, you can exploit your strengths to your advantage. I could not know the areas to concentrate on. One of the purposes of the foreword is to build the author up for the readers. 5 0 obj The first step in writing a strategic plan for your department is to pay attention to your companys overall strategic plan. But then you become aware that some of the employees are also owners, and the complexity grows. This is your chance to define the way your company will make decisions based on goals, culture, and ethics. Franziskas book shows how that message can support you in running your life and business based on courage, love, and kindness instead of fear. One important element that nonfiction authors may want to include is a foreword. Its more like a dog chasing its tail. Without it, the process cannot succeed. Are you in control of the performance measure? This was a very helpful site. Peter Drucker, a management thinker from the '50s and '60s, said, "The best way to predict your future is to create it." The goal of strategic planning is to articulate the paths that will create the desired future. You need to find the balance between the process and the final product. Its important for facilitators to lead by asking questions, Bryson says. Streamline your construction project lifecycle. The mission statement explains what your business is trying to achieve. No-code required. Your values should align with your vision statement and highlight your strengths while mitigating weaknesses. Actuaries lay claim to analytical skills that help decision-makers take good account of risk and uncertainty. When you finish your departmental plan, make sure to submit it to whomever is responsible for your companys overall plan. 7. Foreword Samples for Thesis and Report (6+ Examples) The content provided in the foreword should introduce the reader to the author or work, explain why the reader should read the book, and give the book or author credibility. :) Were you unable to view the foreword excerpts for The Courage Map and Bridal Intercession? Automate business processes across systems. It often can be helpful to have a really good facilitator to organize and pursue strategic conversations, says Professor John M. Bryson, McKnight Presidential Professor of Planning and Public Affairs at the Hubert H. Humphrey School of Public Affairs, University of Minnesota and author of Strategic Planning for Public and Nonprofit Organizations: A Guide to Strengthening and Sustaining Organizational Achievement. With clarity, your organization knows exactly . Stay honest. They set out your priorities and initiatives, and therefore are critical elements and define what your plan will accomplish. Just as the preface is designed to get the plan read, the first few. As for the evaluation portion, identify how you will keep yourself accountable and on track. Values describe the behaviors you really want to advance, McNerney says. Explain the solution's value. Manage and distribute assets, and see how they perform. A KPI dashboard can help you set up and track your performance and for more information about setting up a KPI dashboard, this article can help. Remember, the statements can change as the environment in and around your company changes. Plan projects, automate workflows, and align teams. <> Always being on the move does not mean you will reach your objectives faster. Move faster, scale quickly, and improve efficiency. stream They should also be memorable, specific, and ambitious. Turn enterprise strategy into functional initiatives with a succinct plan you can easily communicate to stakeholders.