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Process-based Strategic Planning. Authors: Grünig, Rudolf, Gaggl, Richard. Show next edition. Free Preview. Developing future strategies is an important and.
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  • Process-based Strategic Planning, 4th Edition.
  • The 4 Steps of the Strategic Planning Process.
  • The Strategic Planning Process;
  • Value-Based, Strategic Oncology Planning;

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Walmart Services. Get to Know Us. Customer Service. In The Spotlight. Shop Our Brands. Often, these objectives are set with a three- to five-year horizon in mind.

Scenario‐based strategic planning: A process for building top management consensus

Once you and your team have prioritized your long-term objectives, you must determine what specific goals or initiatives you will need to achieve, in order to successfully reach your objectives. Use SMART goals to determine a timeline and identify the resources needed to achieve the goals, as well as key performance indicators KPIs to make your success measurable. As you decide which goals to focus on, determine which initiatives you will not focus on.

Overview of the Strategic Planning Process

Truly strategic choices usually involve a trade-off in opportunity cost. For example, your company may decide to not put as much funding behind customer support, so that it can put more funding into creating an intuitive user experience. First, communicate the plan to the organization by sharing relevant documentation. Then, the actual work begins. Lucidchart is useful for mapping processes and turning your broader strategy into a concrete plan. For example, to clearly communicate team responsibilities, you can use swimlanes to illustrate the completion process and ownership for each step of the way.

Process-based Strategic Planning

The final stage of the plan—to review and revise—gives you an opportunity to reevaluate your priorities and course-correct based on past successes or failures. On a quarterly basis, determine which KPIs your team has met and how you can continue to meet them, adapting your plan as necessary. Professor Dr. He is author of numerous textbooks and articles in the fields of Marketing and Management.

Decide on one common strategic planning process

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