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It is important to have corporate planning/strategy lead to what is health for the business as a whole. However, if care is not exercised, strategies can lead to destructive behaviors. Consider the financial crisis; I believe much of this was from strategies that were undertaken that had a high risk. Look at Starbuck that strategically tried to grow the business until it saturated the market. Consider Toyota who worked on strategies since 2002 to become the largest auto company in the world – at any expense.

I believe that organizations need to do a better job integrating predictive scorecards, analytically/innovatively determined strategies, and business improvement so that the business as a whole benefits. What I am suggesting is a business management system that goes beyond hoshin planning methodology.

If a description of what is to be done is being asked for, it is a good indication that there is not general agreement and clarification on what the function is to do. Hence, how about look into changing your department name to Enterprise System Management, which is responsible for the business management system integration as described in the article; i.e., scorecards, strategic planning, and business improvement?

Corporate planning strategy


Polls
When markets are changing rapidly and unpredictably, strategies and tactics must also be flexible. So revolutionary companies, within a broad visionary context, delegate strategic planning to business units which are able to adapt swiftly to shifting markets. Using IT, the centre controls without interfering. One of the key controls is planning itself.

The implementation, including the how and other specifics, is left in their hands. The centre is kept fully informed of progress, and may need to give it a forward push from time to time. Its main strategic function, in fact, is to close the management gap - to insist on movement from knowing what to do, and how to do it, into the absolute necessity of actually getting it done.

  1. Set objectives – defining what the organization is going to do.
  2. Environmental scanning
  3. Internal appraisals of the organization's SWOT, this needs to include an assessment of the present situation as well as a portfolio of products/services and an analysis of the product/service life cycle
  4. Analysis of existing strategies, this should determine relevance from the results of an internal/external appraisal. This may include gap analysis which will look at environmental factors
  5. Strategic Issues defined – key factors in the development of a corporate plan which needs to be addressed by the organization
  6. Develop new/revised strategies – revised analysis of strategic issues may mean the objectives need to change
  7. Establish critical success factors – the achievement of objectives and strategy implementation
  8. Preparation of operational, resource, projects plans for strategy implementation
  9. Monitoring results – mapping against plans, taking corrective action which may mean amending objectives/strategies.

Vision and Mission Statements

Stakeholder Analysis

  1. Vision and Mission Statements
  2. What is Mission Statement?
  3. How to write Mission Statement?
  4. Mission Statements examples
  5. What is Vision statement?
  6. How to write Vision?
  7. Vision Value
  8. Vision statements examples
  9. Importance of Values statement
  10. Organizational goal setting
  1. What is a Stakeholder?
  2. Stakeholder approach
  3. Stakeholders in Corporate responsibility
  4. Different stakeholders
  5. Identifying stakeholders
  6. Stakeholder mapping
  7. Stakeholder mapping analysis
  8. Why Stakeholder Analysis?
  9. Shareholders vs Stakeholders
 

Strategic planning

SWOT and PEST analysis

  1. Strategic planning methods
  2. Strategic planning implementation
  3. Corporate planning strategy
  4. What is Situational Analysis?
  5. Planning strategic
  1. Business SWOT analysis
  2. Elements of SWOT analysis
  3. How to do a SWOT analysis?
  4. Use of SWOT analysis
  5. What is PEST analysis?
  6. Elements of PEST analysis
  7. How to write PEST analysis?
  8. Use of PEST analysis
  9. SWOT and PEST analysis
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