2 Strategic management planning Thinking outside of the box
3 Strategic management planning What is the difference between a plan and a strategic management plan? A Plan is what we want to do. An SMP sets out not only what we want to do but how were going to do it. Example: shopping
4 Strategic management planning How many of you have a plan 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.
5 Strategic management planning Step 1- Initiate and agree on a Strategic 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.
6 Strategic management planning Step 2- The Identification of the Organizational Goals You must identify what goals you want to achieve in your strategic management plan. to be a goal it must be: S S pecific, M M easurable A A chievable R R ealistic T T ime bound
7 Strategic management planning Step 3- Develope a mission statement The mission statement sets out how you will achieve your goals.
8 Strategic management planning Step 4- You must do a SWOT exercise The SWOT exercise helps you to look at your S S trengths W W eaknesses O O pportunities T T hreats
9 Strategic management planning Step 5- the establishment of a vision statement The Vision statement will clearly say where it is you want to be having successfully carried out your strategic management plan
10 Strategic management planning Step 6- Review the developement of your strategic management plan For learning outcomes! Why?
11 Strategic management planning The 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.
12 Strategic management planning Thanks to Mr. Hoffman and the IPW-Team for all their hard work in making this week such a great success
13 Strategic management planning THE END Finally thank you all here today for your attention.