(There are many models for strategic planning -- this framework is for conducting a goals-based plan.) Check out this all-inclusive guide, which includes best practices on strategic reporting and policy. You’ll occasionally see the PEST model with a few extra letters added on. Diagram 1 – Planning and Reporting Framework 7.2 Different types of plans require different level of details but at a minimum strategic, top level and operational plans should include goals, performance indicators, performance targets and timelines. Conduct a review of the Plan prior to its conclusion. Approve and amend support plans; and A strategy map is a visual tool designed to clearly communicate a strategic plan and achieve high-level business goals. Real-time strategic planning involves three levels of strategy: organizational, programmatic, and operational. The strategic planning and reporting framework in the new Act builds on pre-existing local government practices and processes. The Balanced Scorecard is a strategy management framework created by Drs. (‘Approving body’). Finally, you’ll create a series of proposed changes to operations or processes to achieve goals that will create the desired strategic alignment. 1901 N. Moore Street, Suite 502 | Arlington, VA 22209 | 866-568-0590 | [email protected], Copyright © 2020 Ascendant Strategy Management Group LLC d/b/a ClearPoint Strategy |. Calling this strategic planning creates false expectations that the exercise will somehow produce a coherent strategy.” The SPF has several defining characteristics that set it apart from other strategic planning processes . NOTE: The framework depicts a useful format, but should be duplicated into an editable version, for example, into … (member of University Executive). Like SWOT, PEST is also an acronym—it stands for “political, economic, sociocultural, and technological.” Each of these factors is used to look at an industry or business environment, and determine what could affect an organization’s health. 2.3 These principles are illustrated in the Planning and Reporting Framework diagram included in the Planning and Reporting Framework – Governing Policy. We recommend determining which of these strategic planning models applies most to your organization’s way of thinking. LGV does not intend to issue templates in the short-term but will support and facilitate sector development of resources and materials. Click To Tweet. The strategy at your organization is nonexistent, and you’re assigned to find a strategic planning model so that you can kick off your, Your company-wide strategy is in place, but entirely ineffective—and you have a hunch that using a strategic planning model (and. This is a fast-paced, iterative approach that flips the traditional top-down strategic models. Top Level Plans will complement and augment the Strategic Plan and should link strategy to operation. Your organization-wide strategy is fine, but there’s one area in your business environment (or internal process) that needs to be realigned with your strategy. It provides a simple, clean, visual representation that is easily referred back to. If your organization has a large, diverse group of stakeholders that need to find common ground, a vision that will take a long time to achieve, and a strong strategic emphasis on vision and values (instead of structure and procedures), this may be the right model for you. Below, we’ll walk through the three critical phases: Prepare for strategic planning. Approve and amend Strategic and Top Level Plans; and within the strategic report but also more broadly, to cover linkage to other elements of the annual report. 7.7 Department/School action plans are fourth tier plans required for each Department (including campuses) and School within the University, and outline the key initiatives and targets for that organisational area on an annual basis. ×. The issue-based strategic model is oriented in the present and projects into the future. It When applying to win the Baldrige award at the national level, organizations undergo a competitive process that involves the implementation of the Baldrige framework. Gap planning is also referred to as a “Need-Gap Analysis,” “Need Assessment,” or “the Strategic-Planning Gap.” It is used to compare where an organization is now, where it wants to be, and how to bridge the gap between. Terms and definitions identified below are specific to this policy and are critical to its effectiveness: Consultation process means the provision of opportunity to contribute ideas and suggestions, Monitoring means systematic overview of the implementation of a University plan. (in accordance with the approved USC organisational structure). Four directional quadrants (north, south, east, west) inform each other and demonstrate alignment. Responsible officer Pro tip: To search, just start typing - at any time, on any page. Strategic planning is a team process that sets up how your company will accomplish its goals. The Ansoff Matrix, also known as the Ansoff Product and Market Growth Matrix, was … That’s a great question—and the answer isn’t cut and dried. Use a Department Business Plan Dashboard. Then you’ll identify which parts of operations are working well and which are not, brainstorming ideas from the successful aspects on how to address problems. 2.4 The University Strategic Plan and Top Level Plans outline our objectives for the next four years. Which is why we pulled together a list of 16 of the most popular ones and describe the scenario that they are most useful. The idea behind Blue Ocean Strategy is for organizations to develop in “uncontested market space” (e.g. Put your strategic plan into practice. The book—titled “Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant”—was written by W. Chan Kim and Renée Mauborgne, professors at the European Institute of Business Administration (INSEAD). They are simply three year or five-year rolling resource budgets and some sort of market share projection. 7.5 Support plans are plans that are subsidiary to first and second tier plans, the number and focus of which may be determined by either Council or the Vice-Chancellor and President from time to time. Next, you define time frames for goal achievement. These plans articulate strategies to enable our students to succeed or align resources to priorities. Monitor performance against these Plans. The following policy provides a framework to outline the core requirements for University planning including development, approval, implementation, monitoring and review of University plans. The research should cover opportunities, threats, competitive advantages, and other points to spur strategic brainstorming. Procurement Tweet us @clearpointstrat, and let’s get your strategy up and running. By continuing, you agree to our cookie policies. Strategy mapping is a major part of the Balanced Scorecard (though it isn’t exclusive to the BSC) and offers an excellent way to communicate the high-level information across your organization in an easily-digestible format. The Malcolm Baldrige National Quality Award is “the highest level of national recognition for performance excellence that a U.S. organization can receive.” Created in 1987, the goal of Baldrige is to help organizations innovate and improve, while achieving their mission and vision. Strategic planning may be utilized on a large scale, such as planning for business growth over several years or to help a nonprofit or … Without proper reporting, you won’t be able to track progress, pinpoint problems, or achieve goals. The Strategic Framework covers a period of two consecutive calendar years and serves as the basis for programme planning, budgeting, monitoring and evaluation. The strategic planning principles contained in the Local Government Act 2020 require councils to adopt an integrated approach to planning, monitoring and performance reporting. Blue Ocean Strategy is a strategic planning model that emerged in a book by the same name in 2005. In 2013, over a thousand participants, including mayors, councillors, senior staff and other relevant stakeholders, attended 35 information sessions to provide feedback on the draft framework. Assessment is the starting point, but planners will return to this step again and again as their community’s … See Also: Porter’s Five Forces Template (+ Seven Other Strategic Planning Templates). You want your department to be able to see their goals and the steps to achieve them. It includes feeding results into the official annual planning and reporting documents: Reports on Plans and Priorities and Departmental Performance Reports. For example, PESTEL (or PESTLE) indicates an organization is also considering “environmental” and “legal” factors. The Integrated Planning and Reporting (IP&R) framework changed the way Councils in NSW planned, documented and reported on their plans for the future. The Integrated Planning and Reporting Framework and Guidelines have been developed as part of the State Government's Local Government Reform Program. See Also: A Full & Exhaustive Balanced Scorecard Example. A Strategic Resource Plan for a period of at least four years that must be included in the Council Plan. Integrated Planning and Reporting Strategic Planning Framework Short Guide Integrated Planning and Reporting Strategic Planning Framework Short Guide (pdf) (483 KB) pdf. In addition, sections includes links to related, additional information to help the reader fill out that section of the framework. The chart below, for example, demonstrates the difference between the projected and desired sales of a mock company: See Also: Gap Planning Template (+ Seven Other Strategic Planning Templates). SWOT Analysis Template (+ Seven Other Strategic Planning Templates), PEST Analysis Template (+ Seven Other Strategic Planning Templates), Gap Planning Template (+ Seven Other Strategic Planning Templates), Blue Ocean Analysis Template (+ Seven Other Strategic Planning Templates), Porter’s Five Forces Template (+ Seven Other Strategic Planning Templates), VRIO Analysis Template (+ Seven Other Strategic Planning Templates). d. continuous improvement of planning processes. STEEPLED is another variation, which stands for “sociocultural, technological economic, environmental, political, legal, education, and demographic.”, See Also: PEST Analysis Template (+ Seven Other Strategic Planning Templates). A scanning of the environment yields relevant data for the “Data Bank.” This data bank (or information system) would contain such data as government regulations, demographic indicators, The guidance states that . (member of University Executive). Strategic planning is an organization’s process for defining their strategy so that they can accomplish specific goals and objectives. The five forces it examines are: The amount of pressure on each of these forces can help you determine how future events will impact the future of your company. There are a lot of strategic planning models out there. 6.2 The University’s planning process will be led by the Vice-Chancellor and President with the participation of the University Executive, Council, Academic Board, and Planning and Resources Committee, and will be informed by an assessment of the University’s internal and external environments and by consultation with staff and other stakeholders. Here’s how to think of each of the four VRIO components: Once you answer these four questions, you’ll be able to formulate a more precise vision statement to help carry you through all the additional strategic elements in your plan. If you have any questions about the planning models above, we’d love to answer them. Next, your organization will create action plans to address the issues, including budget allocation. They are developed based on a rolling triennial approach with the primary focus being the first year. of the 2016-20 Strategic Plan. Any amendments to it must be approved by the Vice-Chancellor and President, except that minor amendments to correct omissions or inaccuracies may be approved by the Chief Operating Officer and reported to the Vice-Chancellor and President as soon as practicable. Similar to issue-based planning, the alignment model focuses on first looking internally to develop a strategy. It provides for an adaptive management approach that enables improvements to be made to the program's implementation where necessary, and to ensure the outputs and outcomes are achieved. template, as well as a potential road map for developing a strategic planning framework for SUBR. The final operational level analyzes internal processes, systems, and personnel to develop a strategy that addresses “in-house” strengths and weaknesses. Ansoff Matrix. The Framework came into practice in 2009 and many councils have refined the way they create and review these plans over the subsequent years. To learn more about the basics of strategic planning, read this article. The Integrated Planning and Reporting (IP&R) framework changed the way Councils in NSW planned, documented and reported on their plans for the future. This model is designed to sync the organization’s internal operations with its strategic goals. The award is currently open to manufacturing, service, small business, nonprofit, government, education, and healthcare sectors. In addition, support plans (or specific purpose plans) may be developed as subsidiary plans to first and second tier plans. With this model, a company uses “natural,” self-organizing systems that originate from its values and then leverages its own resources to achieve goals, conserve funds, and operate effectively. In your gap planning research, you may also hear about a “change agenda” or “shift chart.” These are similar to gap planning, as they both take into consideration the difference between where you are now and where you want to be along various axes. The operational plan will demonstrate how the University will support the delivery of its strategic objectives within the allocated budget. Read through each of the models or find the ones you're looking for from the list below and jump right to them. Most corporate strategic plans have little to do with strategy. Approve minor amendments to correct omissions or inaccuracies to the Operational Plan; and It is therefore important that institutions focus on the achievement of outcomes oriented planning and report the results in a simple and clear manner. Plan sponsor If you are evaluating different approaches, I would recommend thinking about both creating your strategic plan and also executing on your plan. The alignment strategic planning model is particularly useful when a company needs to refine its objectives or address ongoing challenges or inefficiencies that are blocking progress. Below is an example SWOT analysis from the Queensland, Australia, government: Using a SWOT analysis helps an organization identify where they’re doing well and in what areas they can improve. Monitor performance of the Operational Plan. The leadership team or stakeholders identify the major issues and goals as a first step. Goal-based strategic planning is the reverse of issue-based. You begin by setting OKRs at the employee level and then flow upward through the management levels. Read about the measures and checklists that make up the framework. Some of these frameworks have been around longer than others, or have been used in various case studies in different ways. 7.8 Individual staff performance and development plans are fifth tier plans developed and reviewed as part of the University’s performance planning and review process in accordance with the Performance Planning and Review (PPR) Policy. Information is material if its omission or misrepresentation . It aims to identify the major challenges your organization faces now—in other words, you start with the problems to iron out issues before expanding, shifting your strategy, etc. Similar to the organic model, real-time strategic planning is a fluid, nontraditional system. Then, the programmatic strategy requires research into the external environment to identify approaches and offerings that would help the organization achieve its mission. Your strategic planning will start by identifying a goal and analyzing which operations or resources need to be aligned with that goal. This is just one of the many “views” you’d be able to see in scorecard software once your BSC was complete. Sample Strategic Plans These are public strategic plans OnStrategy has helped facilitate and create. This devolution of responsibility recognises that Senior Staff are responsible for management of risks and the achievement of plans in an often dynamic environment and that operational management decisions are most appropriately made at the organisational unit level. The work program forms part of the strategic planning framework, designed to reflect the organisation’s audit strategy and inform the Parliament, government entities and the public of the planned audit coverage for the Australian Government sector. The RACI matrix is a helpful visual for defining the role each person in your organization has for projects and processes, ensuring it aligns with their OKRs. For example, if you still need to work out your vision statement, it may be wise to begin with the VRIO framework and then move to something like the Balanced Scorecard to track and manage your ongoing strategy. We know. They are developed based on a rolling triennial approach with the primary focus being the first year. This approach works backward from the future to the present. Monitoring and Reporting Framework Melbourne Strategic Assessment 6 Components of the Monitoring and Reporting Framework The key components of the MRF are: Program logic – This describes the relationships between program activities and processes, program outputs and program outcomes and how activities are expected to lead to outcomes. A strategy map offers a host of benefits: See Also: A Strategy Map Template For Medium-Sized Companies. What is Strategic Planning? Diagram 1 – Planning and Reporting Framework. A Budget for each financial year. In the simplest form, there are three basic steps to follow when implementing the organic model of strategic planning: What type of company would the organic strategic planning model work best for? Approve department/school action plans and amendments to the plans; and LGV has developed a draft integrated strategic planning and reporting framework (‘the framework’) for consideration by councils. Sector guidance: planning and reporting. If your organization is able to create a blue ocean, it can mean a massive value boost for your company, its buyers, and its employees. Conduct a review of the Strategic Plan prior to its conclusion. It would also be beneficial for younger organizations that need to gain funding without presenting a formal strategic plan. Goal-based planning tackles that challenge by setting measurable goals that align with your vision and strategic plan. By continuing, you agree to our cookie and privacy policies. Create your strategic plan. Many sections include examples, as well. reporting framework. A strategy map is a visual tool designed to clearly communicate a strategic plan and … The MRF provides the framework for monitoring and reporting on progress in achieving the MSA Program's outputs and outcomes. See Also: VRIO Analysis Template (+ Seven Other Strategic Planning Templates). Present Strategic Plan performance reports to Council; and This is typically a short-term (6-12 months), internally-focused process. 7.9 Within the framework of approved plans, University policies and procedures, and allocated budgets, Senior Staff are given a high degree of flexibility in decision-making. These plans serve as actionable road maps to success.
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