1.1.1 Strategic Planning. January 9th, 2012 Tim Holland, CEO/President Aman Sangha, Business Analyst/CI. What we do?
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January 9th, 2012
Tim Holland, CEO/President
Aman Sangha, Business Analyst/CI
Distribution, Packaging and Vendor Managed Inventory Services of Industrial/Specialty Supplies such as Adhesives, Sealants, Paint and Composite Manufacturing Materials for the Aerospace and Composite Structure Industries.
Purpose: to define and deploy the most important strategic priorities to drive performance improvement.
Confirm participants and assignments
Standards – AS9100, SEA
Compile strengths, weaknesses, opportunities, and threats from customers, suppliers, and employees
Goals & Timetables
Objectives – Action Plans
Department & Individual Goals
1.1.1 Strategic Planning Process – How does your organization accomplish its strategic planning? What are the key process steps and who are the participants? How do you ensure that the process addresses strengths, weaknesses, opportunities, and threats; major shifts in technology, markets, and competition? How are standards such as AS9100 integrated into the planning process? What are your key strategic goals and timetables?
This process is owned and lead by the CEO/President and includes the senior management team members.
The Strategic Planning process is repeated on an annual basis. At the end of each fiscal year (March – February) the annual plan for the next year is created.
Graco uses “Gazelles – One-page Strategic Plan”.
The plan is shared with all employees through 1.1.2 Leadership Communication Process, 55GS03-01.
Note 1: This includes defining Core Values/Beliefs, Purpose of business, Actions to fulfill purpose/values/beliefs, BHAG, 3-5 Year Targets, Key Thrusts/Capabilities (3-5 year priorities), KPI’s and Brand Promise.
Note 2: Goals for one year, Financial plan, Key Initiatives (1 year), 1 or 2 Critical Numbers to focus on, SWOT analysis. Annual Theme
Note 3: Quarterly Financial Plan, Quarterly Priorities (Rocks – To support annual priorities), 1-2 Critical Numbers, Quarterly Theme, Celebration Reward, Quarterly Accountabilities.