1Strategic management planning

Strategic management Strategic management

planning (SMP)planning (SMP)

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Thinking outside of the box

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What is the difference between What is the difference between

a plan and a strategic a plan and a strategic

management plan?management plan?A Plan is what we want to do.

An SMP sets out not only what we want to do but how we‘re going to do it.

Example: shopping

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How many of you have a plan How many of you have a plan

for your life?for your life?

But are they strategic management

plans?

We would now like to share with you

the steps used in developing a

strategic management plan.

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StepStep 1- Initiate and agree on a 1- Initiate and agree on a

Strategic Planning ProcessStrategic Planning Process

You have to identify the benefits for having a

strategic management plan for your life/organization

and the key people to be involved in the drawing up

of the SMP.

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Step 2- The Identification of the Step 2- The Identification of the

Organizational GoalsOrganizational Goals

• You must identify what goals you want to achieve in your strategic management plan.

• to be a goal it must be:SS pecific,

MM easurable

AA chievable

RR ealistic

TT ime bound

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Step 3- Develope a mission Step 3- Develope a mission

statementstatementThe mission statement sets out how you will achieve your goals.

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Step 4- You must do a SWOT Step 4- You must do a SWOT

exerciseexercise

The SWOT exercise helps you to look at your

SStrengths

WWeaknesses

OOpportunities

TThreats

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Step 5- the establishment of a Step 5- the establishment of a

vision statementvision statement

The Vision statement will clearly say where it is you want to be having successfully carried out your strategic management plan

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Step 6- Review the developement Step 6- Review the developement

of your strategic management of your strategic management

planplan

For learning outcomes!

Why?

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The conclusionThe conclusion

We hope that having heard what we have just said will encourage you to develope a strategic management plan, because it will also help you and your organization to save money, time, energy, as well as challenge and motivate you to be successful in all that you do.

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Thanks to Mr. Hoffman and the IPW-

Team for all their hard work in making

this week such a great success

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THE ENDTHE END

Finally thank you all here

today for your attention.