Strategic Planning and Implementation Workbook
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Strategic Planning workbook
The Strategic Planning workbook is a step-by-step cookbook that takes you through the strategic planning and development process from SWOT and PEST analysis to strategy execution action items that have clearly defined key performance metrics, specific timescales and executive ownership/ responsibility.
The workbook provides a framework and structure for the strategic plan development process.
Once the process is completed the workbook becomes a living document that automatically provides comprehensive documentation of (a) the inputs and assumptions, (b) the processes and choices made and (c) the outputs and the actions and metrics agreed and (d) executive ownership and performance metrics.
Key features of the Strategic Planning Workbook include:
- The workbook uses step-by-step Cookbook approach generate and document an action orientated strategic plan.
- The macro environment is analyzed using the PEST model.
- The Enterprise environment using the SWOT model
- Based on each component of the analysis potential offensive and defensive strategies are identified.
- All inputs and assumptions are documented
- Strategy choices and associated Objectives are clarified and documented
- Implementation Inhibitors and Enablers are identified and documented
- Strategy Execution Action Items are identified and documented
- Key Performance Metrics and time-based targets are identified and documented
- Executive Ownership of strategies implementation is identified and documented.
The Workbook supports and documents the planning process with the following flow:
The macro environment is analyzed using PEST analysis. The Political, Economic, Social and Technology factors are identified and documented
Based on each of the PEST factors a number of potential strategies are identified; e.g. what are the appropriate strategies to consider based on your assessment of the particular political factors that you identified as relevant.
When identifying potential strategies the workbook facilitates potential strategies that are deemed to be aggressive or offensive and strategies that are deemed to be conservative or defensive.
Having completed the process for the macro environment using PEST analysis a similar exercise is undertaken for the Enterprise environment using SWOT analysis.
The Strengths, Weaknesses, Opportunities and Threats are identified and documented.
Based on each set of SWOT components a number of potential strategies are identified; e.g. what are the appropriate strategies to consider based on your assessment of the particular Threats that you identified as relevant.
When identifying potential strategies the workbook facilitates potential strategies are deemed to be aggressive or offensive and strategies that are deemed to be conservative or defensive.
Assessing Strategic Options
An outcome from the completed Situation Analysis is a range of strategic options that take account of the macro and enterprise environments.
One or more strategies should be chosen from the strategies identified during the PEST and SWOT analysis or alternatively appropriate composite strategies should be developed.
The workbook is used to clarify and document a concise Description of the selected strategy and the associated Specific Strategy Objective.
When deploying a strategy some factors arise which inhibit implementation, while other factors act as enablers.
Prior to identifying specific strategy execution action items it is useful to identify and document potential inhibitors and enablers.
The workbook and process supports this action.
Clarity around the Specific Strategy Objective and the Inhibitors and Enablers identified enables you to identify and document the Strategy Execution Action Items to be implemented.
The Key Performance Metric and Targets for 30, 60, 90 days and 6 and 12 months are documented.
The Executive responsible for implementation and the achievement of the metrics is recorded.
This process is repeated for all the Strategies to be implemented.
Strategy Implementation Monitoring and Updating
Once the strategy and implementation plan is developed and approved implementation will commence. It is a basic and important management requirement that the implementation plan performance be regularly reviewed and modified as appropriate.
The workbook becomes the core and mainstay of that process. Key milestones and KPIs are clearly set out against which to measure implementation. A key executive is documented as having ultimate responsibility for each strategy and can be held accountable.
The workbook can be edited, as appropriate, resulting from the implementation process.
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At first I was a little apprehensive about just how good this tool would be, but after purchasing it, I'm glad I did. This tool has given me a robust framework for putting together an action orientated strategy that I can map to key individuals with specific and measurable timeline deliverables that are sure to help me realize my goals. Great tool, can highly recommend it.