STRATEGIC PLANNING
Franke Associates facilitates the planning process with the company management team and key stakeholders to develop a plan and roadmap to accomplish results.
Strategic Planning Process Steps Questions to answer
1. Evaluate Current Situation > Where are we now?
A. External factors
B. Internal situation
C. Capabilities & Competencies (SWOT)
D. Assumptions for the industry, influences
E. Market segments
F. Perceived threats
2. Develop & Analyze Options > What options do we have?
Strategic Issues:
Revenue Growth
Product/Market/Industry expansion
Geographic expansion
Improvement Programs
Sales/Marketing
Partnering
Financial Management
Automation Implementation
Relationships/Joint Ventures
Employee Productivity
3. Select Opportunities & Develop Strategies > Where do we want to be?
Vision
Strategies
4. Set Goals & Objectives > How are we going to get there?
Mission
Objectives
Goals (Financial, Operational, Human Resources)
5. Develop & Implement Plans > How are we going to get there?
Action Plans
Budgets
Schedules
6. Develop Measures & Monitor Progress > How are we doing?
Key Result Areas
Scorecards & measures
Communication & Reporting