1. Theory & Framework Strategic Planning

2. Agenda Demystify Strategic Planning Generic Strategic Planning Framework Translating strategy to operations and action Other frameworks RoadTek Strategic Plan 2005 – 2008 Workshop

3. Definition “Strategy is the direction and scope of an organisation over the long term...” (Johnson G, & Scholes K) Serves as a framework for decision making & for seeking support / approval Provides a basis for more detailed planning Is a communication device to our stakeholders > shareholder, customers, staff Serves as a reference point for performance monitoring Stimulates change

4. Why Stimulate Change? The problem is never how to get, new innovative thoughts into your mind, but how to get the old ones out. Dee Hock, creator of Visa

5. Some Essential Points Over the horizon 2 to 5 years Focus on matters of strategic importance Realistic, detached & critical approach by senior management Distinguish between cause & effect

6. Pre-requisite Environmental analysis to: Place the organisation in a current state business environment as a launching point to the future state Produce SWOT analysis Produce Risk analysis

7. Courtesy BIS Shrapnel

9. Key Elements of a Strategic Plan Vision Mission statement Values Objectives Strategies Measures RoadTek Positioning Statement

10. Tips to the Process (1) The framework is a logical linear process but it will be iterative Use hindsight when strategic planning Assess the current position of your vision How have the mission and objectives changed? How have we performed How has the business environment changed?

11. Tips to the Process (2) Drill down on your business e.g. Review financial performance Review project performance Employ cause and effect technique The SWOT is the key to developing business strategy Keep the strategic plan short & simple

12. Translating Strategy to Operations Business Plans RoadTek Strategic Plan Department of Main Roads Strategic Plan Roads Connecting Queenslanders Achievement Plans Business Plans Queensland Transport Strategic Plan Integrated Regional Transport Plan Portfolio Priorities Government Priorities Individual Performance Management Plans

13. Operational (Business) Plan Short term document flowing on from Strat Plan Is tactical, focused, implementable & measurable Is made up of various sub-plans Very detailed, prescriptive information & activities showing accountabilities and completion dates

14. Other Strategic Frameworks Balanced Scorecard Logical Framework Diagnostic Flowchart

17. Logical Framework Process Top Down Logic GOAL ACTIVITIES OUTPUTS PURPOSE In order to GOAL PURPOSE OUTPUTS ACTIVITIES Bottom Up Logic If Then If Then If Then

18. Logical Framework Example Goal – Sustainable Business Purpose – Grow external sales Output 1.No. of external customers is increased 2.Proportion of external revenue to total revenue grows Purpose is the causal effect of the outputs Activities 1.Engage business development officers 2.GM negotiate SLAs with other agency GMs

20. Workshop 5 x 5 Groups Doing SWOT analysis If time - develop strategies

21. Elements of a SWOT S trengths W eaknesses O pportunities T hreats Build on Strengths Resolve Weaknesses Exploit Opportunities Avoid Threats

22. Workshop Projects Duplication of Gateway + assc. 8 laning (DCM) Brisbane City Tunnels (BOOT) Any RoadTek projects?