Why use strategic planning

Post on 16-Jan-2017

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Transcript of Why use strategic planning

MY VISION

Every organization has

a current strategic plan

and is implementing

it for greater success..

MY VISION

PLANNING MODEL

“Fast Track” processPLANNING PROCESS

planningCASE FOR

“STRATEGIC PLANNING HAS A POSITIVE

EFFECT ON PERFORMANCE, BOTH IN

QUANTITATIVE AND QUALITATIVE TERMS.”

Correlation coefficients with strategic planning:

Earnings per common share +0.79 Attainment of profit objectives +0.51

Return on invested capital +0.64 Community acceptance +0.48

Return on owner’s investment +0.58 Service efficiency +0.47

Change in return on invested capital +0.56 Attainment of corporate objectives +0.44

Return on net worth +0.42

Anders McIlquham-Schmidt, Aarhus University, 2010.

Based on a meta-analysis of 45 years of research involving

88 studies representing a total sample size of 32,472 observations.

for planning success

bestpractices

PRESENTER

Lee Crumbaugh, SMP

President, Forrest Consulting, Glen Ellyn, IL, USA (Chicago)

President, Association for Strategic Planning (2014-2016)

leec@strategicbusinessleader.com

www.forrestconsult.com