Join Mike Figliuolo for an in-depth discussion in this video Next steps, part of Strategic Planning Foundations.
- Now that I've introduced you … to the strategic planning method, … you have some clear next steps. … First, assemble your team and dedicate resources … to the planning effort. … And that's not just the leadership team, … but that's folks from finance, IT, HR, … ones who are going to help you assess … your initiative portfolio. … Next, conduct your planning efforts … and then assign resources to run this process going forward. … Both running the strategic planning process, … which you need to do annually, … and running the ongoing prioritization process … to evaluate new ideas. … Set regular strategy reviews … and check in at least quarterly … to make sure your strategy is on-track … and there haven't been any major shifts in the market. … And last, conduct this process every year. … It was okay 10 or 20 years ago … to do strategic planning every three to five years. … The market moves too fast now. … You should be refreshing and validating your strategy … on an annual basis. … Strategic planning is a critical element of success. …
Author
Mike Figliuolo
Updated
1/14/2020Released
5/12/2015- Define the principles of strategic planning.
- Identify forces used to assess the market.
- Explain how to conduct a SWOT analysis.
- Articulate how to establish guiding principles and set goals.
- Explain what strategic filters are used for.
- Describe the steps of a strategic planning process.
Skill Level Intermediate
Duration
Views
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Introduction
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Strategic planning1m 6s
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1. Before You Begin Planning
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2. Defining the Strategic Environment
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Assessing the market3m 21s
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3. Setting Your Strategic Direction
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Defining the direction2m 25s
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Creating a misison statement1m 35s
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Guiding principles and goals4m 30s
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4. Determining How You'll Compete
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5. Evaluating and Prioritizing Opportunities
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Creating strategic filters3m 23s
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Applying strategic filters2m 44s
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6. Assessing Your Initiative Portfolio
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Applying the 2x2 matrix2m 56s
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7. Organizing for Success
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Planning resources2m 17s
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Accountability2m 3s
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Conclusion
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Strategic planning pitfalls3m 34s
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Next steps1m 25s
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Video: Next steps