Strategic Planning Process: How to Create a Strategic Plan

Рет қаралды 144,382

Күн бұрын

This video will introduce you to the #StrategicPlanningProcess and includes a full overview of how to hold an effective planning session with your team. There are many reasons why a good #StrategicPlan is important. A strong strategy will help you align your team, make the best use of your resources, identify ways to accomplish your organizational goals, and much more.
In this video, we break down the strategic planning we use with clients to develop alignment, clarity and strategic direction around a strategic plan. That includes a vision, mission, values, goals, actions, & more.
#CreateaStrategicPlan
► Subscribe to our channel for weekly videos on strategy & leadership: / @smestrategyinc
00:00 intro
1:32 strategic planning: why/where/when/how?
4:51 starting the planning process
13:51 building a capability driven plan
15:01 VIRO framework
22:18 creating a strategic plan
41:23 cascading goals
45:08 strategy implementation constraints
49:14 implementing strategy
50:47 how to get team alignment
// Connect with us:
► Contact us: www.smestrategy.net/contact
► Connect with Anthony on LinkedIn: / anthonyctaylor604
// About SME STRATEGY CONSULTING:
SME Strategy is a management consulting firm that specializes in helping organizations develop and implement their strategic plans. We work with teams to facilitate conversations about strategic direction and business strategy so that our clients can focus their energy on what will move them forward faster.
► Check out our Strategy & Leadership Podcast: open.spotify.com/show/4yND4JK...
► Work with us: Are you looking for someone to facilitate your strategic planning process? www.smestrategy.net/strategic...
► Check out our online course on how to successfully lead your next strategic planning process: courses.smestrategy.net/cours...

Пікірлер: 59

@charlesgreenberg8101 2 жыл бұрын

This continues to be one of my favorite videos on the subject of strategic planning, and I viewed it again today. Based on today's viewing, I developed a one-sentence, concise reason to set up a strategic plan (To provide focus to my current law practice while allowing me to transition to a second career in commercial real estate development, with the target of creating a corporate structure by 2028 and purchasing the first property by 2030.) and identified six stakeholders who could assist with developing the transition from practicing law to developing commercial real estate.

@user-cx1ty1zb2u 2 ай бұрын

Thank you so much for this valuable tool and information! I appreciate your generosity to share.

@albertoluevano7174 7 жыл бұрын

Thank you. This is great.

@hera963 6 жыл бұрын

Very helpful! Thank you very much :)

@cliftonopala1140 3 жыл бұрын

Great insights. Thank you for putting the video together.

@steveliu8665 3 жыл бұрын

Thank you for sharing, a great reminder and always inspiring to listen to.

@SMEStrategyINC 3 жыл бұрын

That's awesome Steve. Thanks for the note. I super appreciate it! -Anthony

@LM-rg9lj 5 ай бұрын

Excellent... simple and straight to da point 👉

@katibzasworld9788 4 жыл бұрын

Thank you very much. Great work ❤️❤️❤️

@SMEStrategyINC 4 жыл бұрын

You're so welcome! Thanks for following!

@albinaayukhanova1589 5 жыл бұрын

Very clear and easy to understand , thank you

@SMEStrategyINC 5 жыл бұрын

You are very welcome. If you think it would help others, please share!

@PhionahIngabireM 4 жыл бұрын

GREAT! What do we want the future to look like? If your VISION was a place, how would we know we got there??

@adorkorjessie6242 3 жыл бұрын

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@dinocitozi9216 4 жыл бұрын

I am glad you made a shorter video on the above as that helped.

@SMEStrategyINC 4 жыл бұрын

You're welcome!

@reginaldt.a.bright7907 2 жыл бұрын

Thanks for the video, it was very educational

@SMEStrategyINC 2 жыл бұрын

Glad it was helpful! :)

@ludmillasalonda2614 3 жыл бұрын

Thanks for sharing. Useful!

@SMEStrategyINC 3 жыл бұрын

Glad it was helpful!

@reps2564 3 жыл бұрын

Thank you, very valuable.

@SMEStrategyINC 3 жыл бұрын

You are so welcome!

@rogzcorpuz Жыл бұрын

Thank you so much for this. You made my life so much easier.

@SMEStrategyINC Жыл бұрын

You're very welcome. Check out our courses if you'd like to learn more: courses.smestrategy.net

@indigoskyyz7734 6 жыл бұрын

That was stupendous! Great Content!

@SMEStrategyINC 6 жыл бұрын

So glad you liked it! :-)

@luciluciluci3389 3 ай бұрын

This is great thank you.

@solomonkalyowa3485 Жыл бұрын

This is great! Thanks

@chetanasin9150 4 жыл бұрын

Thanks

@sisimoo 2 жыл бұрын

Thank you , it is so helpful

@SMEStrategyINC 2 жыл бұрын

You are so welcome!

@vasanthiganesan4076 2 ай бұрын

Wow

@RandyM403 2 жыл бұрын

I can't believe this has so few views. Such a great rundown of strat planning.

@karmaballah1484 7 жыл бұрын

excellent

@mustafaaskar2986 5 жыл бұрын

That is excellent lecture, we will apply our work

@charlesgreenberg8101 2 жыл бұрын

I loved this video, and I will be implementing the lessons therein to plan the future for my own business. I already assembled a list of Core Objectives for 2030, and next week, I will be establishing KPIs. What does success look like in 2030?

@SMEStrategyINC 2 жыл бұрын

Love it! Thanks for sharing!!!

@stephenbj.odhiambo7955 2 жыл бұрын

Awesome!

@alimalik4952 4 жыл бұрын

Awesome

@moatzelmalawany6993 6 жыл бұрын

Thank u so much

@munyokimwendwa9684 2 жыл бұрын

This is a very good explanation and well understood. Will listen it again and again. i am a business owner and a student of strategic management.

@adriannowak7801 3 жыл бұрын

Realy great structured strategy input! Thanks.

@SMEStrategyINC 3 жыл бұрын

Glad it was helpful Adrian!

@juliat4877 2 жыл бұрын

Thanks for the full explanation about strategic planning, really appreciate the work. I wanna ask one thing to be clear in my mind. Please answer me if you could. For my assignments, I need to develop a strategic plan in the context of the case study and article provided, one for 1,000 words and one for 1,500 words. Within those word limit, do I have to cover all steps of strategic planning process? Is there any difference between developing a strategic plan and creating a strategic plan? If we develop a strategic plan to expand the business by finding the right markets, do we need to include all steps you have said or all steps of strategic planning process? Thanks again, looking forward to your reply ASAP.

@SMEStrategyINC 2 жыл бұрын

As someone that has coached multiple business case competitions. Write your paper in enough detail that the person knows what you're trying to accomplish it, and how you're going to do it. They should also be able to understand your thinking and your rationale. Don't think like a student, think like a professional. :) I hope that helps!

@juliat4877 2 жыл бұрын

@@SMEStrategyINC I see. Thank you for your prompt reply!

@SMEStrategyINC 2 жыл бұрын

@@juliat4877 I hope it helped!

@juliat4877 2 жыл бұрын

@@SMEStrategyINC YEAP. According to your video, if we want to develop a strategic plan, we need to do strategic planning process of the organisation first such as internal and external analysis, stakeholder analysis, KPI, etc. ; my understanding is right??

@SMEStrategyINC 2 жыл бұрын

@@juliat4877 That's correct.

@rabiatouahmadou2916 Жыл бұрын

What about à Newly created international organization...is it the same procedure for planning or there are other new things we need to consider. Thanks for responding if you can

@SMEStrategyINC Жыл бұрын

I think it's the exact same. If you're NEW NEW then a business plan might be a better place to start.

@MistaSmith 3 жыл бұрын

Why do I do a SWOT first if it is not used to create a vision? Why do I create a vision if it's not an input or filter to creating a mission? etc.

@SMEStrategyINC 3 жыл бұрын

I'm going to answer this in a video because it's such a great question. Short Answer: You need alignment between your SWOT and your vision. (If you build a vision without thinking about your SWOT you're not going to accomplish your vision) If your mission doesn't align with your vision then you're going to be doing stuff that's moving you in the wrong direction. Great question! Thanks for asking Erik- I hope that helps, and keep an eye out for that video.