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IS 460 Notes

IS 460 Notes. Strategic Planning By Thomas Hilton. Topics. Definition/Purpose Context Deliverables Method. Definition. Strategic Planning is a procedure for determining the direction in which an organization needs to move to fulfill its mission

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IS 460 Notes

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  1. IS 460 Notes Strategic Planning By Thomas Hilton

  2. Topics • Definition/Purpose • Context • Deliverables • Method

  3. Definition Strategic Planning is a procedure for determining the • direction in which an organization needs to move to fulfill its mission • basic objectives of an organization and allocating resources to their accomplishment

  4. Definition A strategic plan is a document that • results from strategic planning • contains the mission, direction, goals, etc. of the organization • acts as a road map for carrying out the strategy and achieving long-term goals

  5. Context: Strategic Management • Operations –immediate execution (this project) • Tactics –near-term execution (this year) • Strategy –long-term execution (five years?) StrategicManagement TacticalManagement OperationsManagement

  6. Deliverables/Results • Coordination of All Parts of the Organization • Sense of Direction, Ethos • Sense of Ownership, Membership, Motivation • Strategic Planning Document

  7. Method Identify , develop, document… • Strategic Planning Team • Stakeholders • Scope of Plan • Environmental Influences • Core Values • Mission • Vision • Goals • Objectives • Tasks

  8. Strategic Planning Team • Influential (or at least credible) • Representative (or consultative) • Few in number • Broad viewpoint

  9. Stakeholders • Recipients of organization output • Providers of organization input • Members of the organization • Many in number (sample them) • Narrow viewpoint

  10. Boundary/Scope of Plan • Negotiable • Revisit as needed throughout planning process • Approximate the client’s scope of practice • Establish accountability

  11. Trends in the Relevant Environment • Markets • Competitors • Regulations • Staffing • Capital • Technology

  12. Core Values • Moral justification for organization’s existence • Permanent • Internalized organization-wide • Ideological • Example

  13. Mission • Main area(s) of organization accomplishment • Nearly permanent • Shared organization-wide • Conceptual • Example

  14. Vision • Chosen instantiation of the mission • Rarely changes • Accepted organization-wide • Broadly Contextual • Example

  15. Goals • Components of the vision • Change slowly as accomplished (or abandoned) • Accepted by appropriate divisions in the organization • Specifically Contextual • Example

  16. Objectives • Components of each goal • Change per planning cycle (five years?) • Accepted by appropriate departments within divisions of the organization • Measurable (often via surrogates) • Example

  17. Tasks • Components of each objective • Change relatively often (annually?) • Accepted by appropriate persons/work-groups with budget, deadline, and deliverables • Performable, directly measurable • Example

  18. Timing Considerations • Complete in Days or Weeks • Revise Annually (Quarterly?) • Most Revision in Tasks, Objectives, Goals

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