HP LIFE Strategic planning presentation - Amazon S3 · 5 Elements of Strategic Planning & Strategic...
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Transcript of HP LIFE Strategic planning presentation - Amazon S3 · 5 Elements of Strategic Planning & Strategic...
© Copyright 2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice.
Strategic planning HP Learning Initiative For Entrepreneurs www.life-global.org
© Copyright 2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice.
Greg Fisher Asst Professor of Management and Entrepreneurship Indiana University Kelley School of Business.
Introduction to Strategic Planning
and Strategic Management
Greg Fisher
5 Elements of Strategic Planning & Strategic Management
Analysis
Choice
Alignment
Monitoring
Adaption
1
2
3
4
5
Analysis 1
1. What’s happening externally?
2. What’s happening internally
3. How do internal resources and capabilities fit with external possibilities?
Analysis 1
Strengths Weakness
Opportunities Threats
Strengths Weakness
Oppo
rtun
itie
s Th
reat
s
SO Strategic Options
WO Strategic Options
ST Strategic Options
WT Strategic Options
Choice 2
1. Where should we play?
2. How will we win?
3. What are we not going to do?
Choice 2
Where to play?
How to win?
What are we not going to do?
Product markets? Geographic markets?
Focal customers?
Differentiation? Competitive advantage?
Tradeoffs? “Strategy is about deciding what you are
not going to do”
Alignment 3
1. What capabilities and resources do we have?
2. What capabilities and resources do we need?
3. How will we align our resources & capabilities ?
Alignment 3
Customer Relationships
Customer Segments
Channels
Key Partners
Key Activities
Key Resources
Value Proposition
Cost Structure
Revenue Streams
Monitoring 4
1. How will we know we are successful?
2. What are our targets?
3. When and how will we monitor performance?
Monitoring 4
Customers Processes
People
Financial
Strategy
Adaption 5
1. Why are we not getting desired results?
2. What needs to change, stay the same?
3. How will changes translate into desired outcomes?
Adaption 5
Why are we not getting the results we desire?
Route Cause Analysis: 5 Why’s Deciding what to change?
Why is that?
Why is that?
Why is that?
Why is that?
Strategic Continuity
Is there enough continuity in your
strategy to allow your organization to get
really good at what it does?
Continuity is required
to foster differentiation and alignment.
Tension
5 Elements of Strategic Management
Analysis"
Choice"
Alignment"
Monitoring"
Adaption"
SWOT"
Differentiation + Tradeoffs"
Business Model Canvas"
Balanced Score Card "
5 Why’s + Strategic
Continuity"
1!
2!
3!
4!
5!
1. What’s happening externally?2. What’s happening internally?3. How do internal resources & capabilities fit with external possibilities? "
1. Where should we play? "2. How will we win? "3. What are we not going to do? "
1. What capabilities and resources do we have? "2. What capabilities and resources do we need? "3. How will we align our resources & capabilities ? "
1. How will we know we are successful? "2. What are our targets? "3. When and how will we monitor performance? "
1. Why are we not getting desired results?2. What needs to change, stay the same?3. How will changes translate into desired outcomes? "
Step! Key Questions! Tools!
© Copyright 2015 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice.
Thank you