Objectives • Objectives: – The importance of strategic planning – Steps involved in developing a strategic plan – Staying Competitive • Standard: complete included questions to assess your transfer of training.
Ice Breaker • Introduce yourself • If you had a time machine that would work only once, where in the future or past would you travel and why?
• Introduction • Begin lesson • Discuss A Great Change Leader • Break • End of lesson • Refresh • Questions
What is Strategic Planning? • Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on al ocating its resources to pursue this strategy. • What do want to do? • How do we best excel? • Where do we want the company to be?
Step One • Gather al facts • When making decisions it is always best to have the maximum amount of information available. • SWOT Analysis • Gather inputs from stakeholders, company performance analysis of the your organization • internal and external limitations • social and economic trends .
• Among the most useful tools for strategic planning is SWOT analysis internal and external of the organization. • Strengths • Weaknesses • Opportunities • Threats
The 4 Key Elements • Vision • Mission • Values • Strategy
Sell your vision • Why is it important to make sure other individuals understand the purpose and future gains of the strategic change.
Organization Action Strategy • Change may be outline by few but cannot be achieved without working together as a whole • Develop clearly written objectives for each department to implement. • The objectives listed must be reviewed by upper management adjusted if needed and then finalized before the documents are sent to each department.
Great Change Leader
Break • Reflect on what we have learned so far and take 45 minutes for yourselves and then we wil continue our lesson.
How long should your goals take to reach? • A strategic planning process usual y takes anywhere from 1 month to three months to complete. • Long term objectives. • Short term goals and mile stones • 90 day double check
Benchmarking • Benchmarking is used when setting standards and goals for your organization. • Why Benchmark?
• Those who fail to plan, plan to fail.
The US Post office • Where were they 30 years ago? 15 years ago? 5 years ago? Today?
Review of The
Questions • What is strategic planning? • Why is others understanding the vision so important? • How can the bank best utilize the information presented today. • What are some of the external environmental factors that can currently be effecting the bank?