Real time strategic planning 2 9 11 slideshare notes
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Real Time Strategic Real Time Strategic PlanningPlanning
in ain aRapid Response WorldRapid Response World
Institute of Management AccountantsFebruary 16, 2011
Purpose of Strategic Purpose of Strategic PlanningPlanning
Focus on Priorities……
…..and Achieve Results
Pitfalls to AvoidPitfalls to Avoid
Real Time Strategic Planning Real Time Strategic Planning Model (RTSP)Model (RTSP)
Phase 1Basic planning elements that can be applied to various scenarios as they occur
Phase 2Strategy formation and implementation that occurs continuously
Traditional vs. RTSP Traditional vs. RTSP OutputsOutputs
Traditional Strategic PlanningGoals and 3 Year Plan
Real Time Strategic PlanningAction steps to be taken in real time
Strategy and Competitive Strategy and Competitive AdvantageAdvantageStrategy Coordinated set of actions aimed at creating and sustaining a competitive advantage
Competitive Advantage The presence of visible, obvious and measureable ways in which your organization differs from and is better than its peers.
Phase 1 – Organizational Phase 1 – Organizational IdentityIdentity
Financial AnalysisFinancial Analysis
Overall BudgetDiversity of revenueTrends in revenues – Past and
futureStability analysisWhich product lines are at riskWhich products are running a
deficit
Phase 1-Organizational Phase 1-Organizational IdentityIdentity
Detailed and time consuming
Can be used repetitively to address strategic issues as they arise
Phase 1 – Strategy ScreenPhase 1 – Strategy Screen
A set of criteria that your organization
uses to choose whether or not a
particular strategy is consistent with its
identity
Crafting a Strategy ScreenCrafting a Strategy Screen
5 – 8 elements recommended
Consistent with mission/business model
Ethical
Break even or create a surplus within 12
months
The result will be sustainable Will not put us in competition with
valued partners or customers
Phase One Is CompletedPhase One Is Completed
The Foundation Is Set
Phase TwoPhase Two
Triggers for the Big Triggers for the Big QuestionQuestion
The Big QuestionThe Big Question
Framing the Right Question Will Drive the Right Strategies
Crafting the Big QuestionCrafting the Big Question
List a variety of ways to frame
the question and choose the one that asks it so that all of the
complexity that you want
addressed is in the question
Strategy FormationStrategy Formation
Develop a list of potential strategies to address your big question
Check each strategy against your strategy screen
Test your strategy approach before implementationReality CheckLaugh TestValidity Test
ImplementationImplementation
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Resource: The Nonprofit Strategy Revolution by David LaPiana