If you’re interested in reading more, this Business News Daily article offers some additional details about each area of the SWOT analysis and what to look for when you create one. Strategy mapping is a major part of the Balanced Scorecard (though it isn’t exclusive to the BSC) and offers an excellent way to communicate the high-level information across your organization in an easily-digestible format. STEEPLED is another variation, which stands for “sociocultural, technological economic, environmental, political, legal, education, and demographic.”, See Also: PEST Analysis Template (+ Seven Other Strategic Planning Templates). Some of these frameworks have been around longer than others, or have been used in various case studies in different ways. It aims to identify the major challenges your organization faces now—in other words, you start with the problems to iron out issues before expanding, shifting your strategy, etc. It provides a simple, clean, visual representation that is easily referred back to. The Balanced Scorecard is a strategy management framework created by Drs. For example, if you still need to work out your vision statement, it may be wise to begin with the VRIO framework and then move to something like the Balanced Scorecard to track and manage your ongoing strategy. Your strategic planning will start by identifying a goal and analyzing which operations or resources need to be aligned with that goal. LGV has developed a draft integrated strategic planning and reporting framework (‘the framework’) for consideration by councils. The Integrated Planning and Reporting (IP&R) framework changed the way Councils in NSW planned, documented and reported on their plans for the future. The five forces it examines are: The amount of pressure on each of these forces can help you determine how future events will impact the future of your company. The final operational level analyzes internal processes, systems, and personnel to develop a strategy that addresses “in-house” strengths and weaknesses. This is just one of the many “views” you’d be able to see in scorecard software once your BSC was complete. It allows you to better understand which elements of your strategy need work. The Hoshin Planning approach aligns your strategic goals with your projects and tasks to ensure that efforts are coordinated. Each plan contains and entire strategic plan including mission, vision, long-term strategic priorities, key performance indicators, annual goals, and cascaded actions items. The issue-based strategic model is oriented in the present and projects into the future. The book—titled “Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant”—was written by W. Chan Kim and Renée Mauborgne, professors at the European Institute of Business Administration (INSEAD). 7.2 Different types of plans require different level of details but at a minimum strategic, top level and operational plans should include goals, performance indicators, performance targets and timelines. In your gap planning research, you may also hear about a “change agenda” or “shift chart.” These are similar to gap planning, as they both take into consideration the difference between where you are now and where you want to be along various axes. By nature, vision statements are aspirational and forward-thinking, but they need specifics in order to be realized. The leadership team or stakeholders identify the major issues and goals as a first step. Present Strategic Plan performance reports to Council; and (member of University Executive). SWOT Analysis Template (+ Seven Other Strategic Planning Templates), PEST Analysis Template (+ Seven Other Strategic Planning Templates), Gap Planning Template (+ Seven Other Strategic Planning Templates), Blue Ocean Analysis Template (+ Seven Other Strategic Planning Templates), Porter’s Five Forces Template (+ Seven Other Strategic Planning Templates), VRIO Analysis Template (+ Seven Other Strategic Planning Templates). Council or Vice-Chancellor and President as appropriate 6.2 The University’s planning process will be led by the Vice-Chancellor and President with the participation of the University Executive, Council, Academic Board, and Planning and Resources Committee, and will be informed by an assessment of the University’s internal and external environments and by consultation with staff and other stakeholders. A strategy map is a visual tool designed to clearly communicate a strategic plan and … The following framework will guide you through completion of your basic strategic plan document. (member of University Executive). 6.1 The University will adopt a systematic approach to planning based on: a. development of action directed towards the realisation of the University’s Vision and strategic priorities, b. effective risk and resource management strategies, c. effective accountability processes including reporting on plan outcomes and. Any amendments to the action plans must be approved by the ’approving officer’, except that minor amendments to correct omissions or inaccuracies may be approved by the cost centre manager and reported to the responsible Executive member as soon as practicable. We use cookies to give you the best experience on our site. For example, PESTEL (or PESTLE) indicates an organization is also considering “environmental” and “legal” factors. USC is a member of the Regional Universities Network, Institute for Cyber Investigations and Forensics, Planning and Reporting Framework - Governing Policy, Enterprise Risk Management - Governing Policy, Financial Management Practices - Operational Policy, Organisational Unit Reviews - Operational Policy, Performance Management - Operational Policy, Performance, Planning and Review (PPR) - Procedures, Planning and Reporting Framework - Procedures, Glossary of Terms for policies and procedures, Strategic and We recognise and pay respect to Elders past, present and emerging. You may also run into Porter’s Five Forces (see #7 below), which is a similar take on examining your business from various angles. The PEST model is often used in conjunction with the external factors of a SWOT analysis. The strategic planning model of choice for Google, Intel, Spotify, Twitter, LinkedIn, and many other Silicon Valley successes, the OKR framework, is one of the more straightforward strategic planning tools. Calling this strategic planning creates false expectations that the exercise will somehow produce a coherent strategy.” Performance reporting is a key part of our strengthening councils program. It is an acronym for “strengths, weaknesses, opportunities, and threats.” Strengths and weaknesses are considered internal factors, and opportunities and threats are considered external factors. Approve minor amendments to correct omissions or inaccuracies to Strategic and Top Level Plans; Monitor performance of the Operational Plan. This document sets out a framework to align strategic and annual performance planning with emphasis on the outcomes oriented monitoring and evaluation approach led by the Presidency. In 2013, over a thousand participants, including mayors, councillors, senior staff and other relevant stakeholders, attended 35 information sessions to provide feedback on the draft framework. The Local Government Performance Reporting Framework will become mandatory for councils in the 2014-15 planning and reporting cycle. The idea behind Blue Ocean Strategy is for organizations to develop in “uncontested market space” (e.g. The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes. (Green indicates everything is going as planned, while yellow and red indicate that there are various degrees of trouble with whatever is being looked at.). Assessment is the starting point, but planners will return to this step again and again as their community’s … If your organization is able to create a blue ocean, it can mean a massive value boost for your company, its buyers, and its employees. If you have any questions about the planning models above, we’d love to answer them. Each section includes directions. Click To Tweet. Figure 2-1 provides a framework to conceptualize strategic planning within a company. It is primarily used to identify specific internal deficiencies. It’s designed to create alignment and engagement around measurable goals by clearly defining: This model is effective in part because of its simplicity; it also employs a “reverse” hierarchy that works to gain buy-in and alignment from the ground up. LGV has developed a draft integrated strategic planning and reporting framework (‘the framework’) for consideration by councils. Your organization-wide strategy is fine, but there’s one area in your business environment (or internal process) that needs to be realigned with your strategy. Prepare Top Level Plan’s performance reports for Council; and It’s for that very reason we created this ultimate guide to strategic planning. METHODOLOGY This report builds on a previous report for SUBR regarding best practices in strategic planning and a Strategic Planning Stakeholders survey analysis conducted for the university. Create your strategic plan. Robert Kaplan and David Norton. 3.1 Under Section 61 of the Financial Accountability Act 2009 the University is required to undertake planning (including both strategic and operational plans) and budgeting for the University which is appropriate to its size. The guidance states that . 7.7.1 Action plans are approved by the relevant member of Executive (‘approving officer’) - Vice-Chancellor and President, Deputy Vice-Chancellor, Chief Operating Officer or Pro Vice-Chancellor - annually for the next financial year. Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization’s direction in response to a changing … The Ansoff Matrix, also known as the Ansoff Product and Market Growth Matrix, was … Integrated Planning and Reporting Strategic Planning Framework Short Guide Integrated Planning and Reporting Strategic Planning Framework Short Guide (pdf) (483 KB) pdf. 2.1 Step 1: Set the strategic planning direction. Below is a simple comparison chart from the Blue Ocean Strategy website that will help you understand if you’re working in a blue ocean or a red ocean: See Also: Blue Ocean Analysis Template (+ Seven Other Strategic Planning Templates). In addition, support plans (or specific purpose plans) may be developed as subsidiary plans to first and second tier plans. (There are many models for strategic planning -- this framework is for conducting a goals-based plan.) When applying to win the Baldrige award at the national level, organizations undergo a competitive process that involves the implementation of the Baldrige framework. They are simply three year or five-year rolling resource budgets and some sort of market share projection. The Framework came into practice in 2009 and many councils have refined the way they create and review these plans over the subsequent years. If your organization has a large, diverse group of stakeholders that need to find common ground, a vision that will take a long time to achieve, and a strong strategic emphasis on vision and values (instead of structure and procedures), this may be the right model for you. The strategy at your organization is nonexistent, and you’re assigned to find a strategic planning model so that you can kick off your, Your company-wide strategy is in place, but entirely ineffective—and you have a hunch that using a strategic planning model (and. By continuing, you agree to our cookie and privacy policies. Many sections include examples, as well. I’m willing to bet one of these situations sounds familiar: If you can identify with one of these scenarios, this article is for you! These plans are generally University-wide plans which may be developed to articulate specific strategies or align resources to priorities, and the Vice-Chancellor and President will nominate a responsible officer for each Plan. a red ocean). See Also: SWOT Analysis Template (+ Seven Other Strategic Planning Templates). When you deploy it correctly, strategic planning highlights problems, helps find solutions, and monitors progress. That’s a great question—and the answer isn’t cut and dried. Most notably, it is: Dynamic and iterative. Next, your organization will create action plans to address the issues, including budget allocation. Like SWOT, PEST is also an acronym—it stands for “political, economic, sociocultural, and technological.” Each of these factors is used to look at an industry or business environment, and determine what could affect an organization’s health. 2.3 These principles are illustrated in the Planning and Reporting Framework diagram included in the Planning and Reporting Framework – Governing Policy. It takes into account your: There are many ways you can create a Balanced Scorecard, including using a program like Excel, Google Sheets, or PowerPoint or using reporting software. Top Level Plans will complement and augment the Strategic Plan and should link strategy to operation. You want your department to be able to see their goals and the steps to achieve them. The ultimate goal in implementing the VRIO model is that it will result in a competitive advantage in the marketplace. PREFACE All local governments are currently required to produce a plan for the future under S5.56 (1) of the Local Government Act 1995 (the Act).It is intended that regulations will be made under S5.56(2) of the Act to briefly An actual demonstration of success will make a somewhat abstract concept become more concrete. Conduct a review of the support plan prior to its conclusion. Below is an example SWOT analysis from the Queensland, Australia, government: Using a SWOT analysis helps an organization identify where they’re doing well and in what areas they can improve. 7.3.1 The Strategic Plan and any amendments to it must be approved by Council (after review by the Planning and Resources Committee), except that minor amendments to correct omissions or inaccuracies may be approved by the Vice-Chancellor and President and reported to the next scheduled meeting of Council. Measurement, analysis, and knowledge management. Sector guidance: planning and reporting. The framework outlines the “Baldrige Criteria For Performance Excellence,” where organizations must demonstrate achievement and improvement to an independent board of examiners in these seven areas: To implement the Baldrige framework in your organization, start with two questionnaires that help you self-assess based on the seven Baldrige Criteria categories, and get a snapshot of your strengths and opportunities for improvement. These plans serve as actionable road maps to success. The Integrated Planning and Reporting (IP&R) framework changed the way Councils in NSW planned, documented and reported on their plans for the future. 7.6.1 The University’s Operational Plan is approved by the Vice-Chancellor and President annually for the following financial year. Diagram 1 – Planning and Reporting Framework 7.2 Different types of plans require different level of details but at a minimum strategic, top level and operational plans should include goals, performance indicators, performance targets and timelines. Strategy is a framework of plans or methods that help and organization to achievement of the main objective. d. effectively discharge its responsibilities in accordance with its legislative requirements. A SWOT analysis (or SWOT matrix) is a high-level model used at the beginning of an organization’s strategic planning. The 2020-2025 Strategic Plan is activated by our Planning and Reporting Framework via a clearly articulated planning and accountability structure that integrates with and is applied to all levels of Planning and Reporting to ensure UOW achieves our 2025 strategies and objectives to progress our 2030 and Beyond vision. In the simplest form, there are three basic steps to follow when implementing the organic model of strategic planning: What type of company would the organic strategic planning model work best for? Porter’s Five Forces is an older strategy execution framework (created by Michael Porter in 1979) built around the forces that impact the profitability of an industry or a market. They are developed based on a rolling triennial approach with the primary focus being the first year. It gives you high-level details into your measures and initiatives and allows you to drill down into each by clicking on them. of the 2016-20 Strategic Plan. Tweet us @clearpointstrat, and let’s get your strategy up and running. It helps you see how your objectives affect the others. 7.3 The Strategic Plan includes the University’s vision, sets the long-term direction of the University and articulates major University level priorities over a four-year period. The following policy provides a framework to outline the core requirements for University planning including development, approval, implementation, monitoring and review of University plans. Over the years, we’ve helped hundreds of clients beat the odds in the strategy planning … The strategic planning principles contained in the Local Government Act 2020 require councils to adopt an integrated approach to planning, monitoring and performance reporting. The Framework came into practice in 2009 and many councils have refined the way they create and review these plans over the subsequent years. Any amendments to it must be approved by the Vice-Chancellor and President, except that minor amendments to correct omissions or inaccuracies may be approved by the Chief Operating Officer and reported to the Vice-Chancellor and President as soon as practicable. Monitoring and Reporting Framework Melbourne Strategic Assessment 6 Components of the Monitoring and Reporting Framework The key components of the MRF are: Program logic – This describes the relationships between program activities and processes, program outputs and program outcomes and how activities are expected to lead to outcomes. Plan sponsor You’ll occasionally see the PEST model with a few extra letters added on. We know. This is a fast-paced, iterative approach that flips the traditional top-down strategic models. Which is why we pulled together a list of 16 of the most popular ones and describe the scenario that they are most useful. a blue ocean) instead of a market space that is either developed or saturated (e.g. Terms and definitions identified below are specific to this policy and are critical to its effectiveness: Consultation process means the provision of opportunity to contribute ideas and suggestions, Monitoring means systematic overview of the implementation of a University plan. 7.1 The University will have a planning and reporting framework comprising a hierarchy of plans cascading from the University’s Vision (refer Diagram 1): Tier 5: Individual Staff Performance Planning and Review plans. Prepare performance reports as required; and 1901 N. Moore Street, Suite 502 | Arlington, VA 22209 | 866-568-0590 | [email protected], Copyright © 2020 Ascendant Strategy Management Group LLC d/b/a ClearPoint Strategy |. This is a long-term strategic planning tool, so goal time frames are typically about three to five years. Information is material if its omission or misrepresentation . The RACI matrix is a helpful visual for defining the role each person in your organization has for projects and processes, ensuring it aligns with their OKRs. Read about the measures and checklists that make up the framework. Conduct a review of the Plan prior to its conclusion. Review and prepare quarterly action plan status reports if required by Relevant member of Executive, Relevant member of Senior Staff 7.9 Within the framework of approved plans, University policies and procedures, and allocated budgets, Senior Staff are given a high degree of flexibility in decision-making. The action plans will demonstrate how the School/Department will support the delivery of its strategic objectives within the allocated budget. 5 1 AN INTRODUCTION TO THE FRAMEWORK: ESSENTIAL TERMINOLOGY & THEORETICAL UNDERPINNINGS INTRODUCTION In order to successfully apply the framework for the strategic planning and evaluation of public diplomacy presented in this handbook (hereafter the Framework), it is helpful to understand the fundamental concepts on which it is based. These plans articulate strategies to enable our students to succeed or align resources to priorities. This approach works backward from the future to the present. within the strategic report but also more broadly, to cover linkage to other elements of the annual report. The Strategic Framework covers a period of two consecutive calendar years and serves as the basis for programme planning, budgeting, monitoring and evaluation. One year before the beginning of the fiscal year, Endnote 5 the EMB sets the strategic planning direction for the upcoming ISPP cycle. Approve and amend Strategic and Top Level Plans; and Approve minor amendments to correct omissions or inaccuracies to the Operational Plan; and 7.8 Individual staff performance and development plans are fifth tier plans developed and reviewed as part of the University’s performance planning and review process in accordance with the Performance Planning and Review (PPR) Policy. See Also: VRIO Analysis Template (+ Seven Other Strategic Planning Templates). LGV does not intend to issue templates in the short-term but will support and facilitate sector development of resources and materials. And sometimes managers are more comfortable with one over another, for any number of reasons. Strategic planning is a team process that sets up how your company will accomplish its goals. The MRF provides the framework for monitoring and reporting on progress in achieving the MSA Program's outputs and outcomes. Strategic planning is a review and planning process that is undertaken to make thoughtful decisions about an organization’s future in order to ensure its success. Four directional quadrants (north, south, east, west) inform each other and demonstrate alignment. This model is designed to sync the organization’s internal operations with its strategic goals. Strategic planning may be utilized on a large scale, such as planning for business growth over several years or to help a nonprofit or … Diagram 1 – Planning and Reporting Framework. We recommend determining which of these strategic planning models applies most to your organization’s way of thinking. Searching {{ model.searchType }} for returned no results. The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes. The Malcolm Baldrige National Quality Award is “the highest level of national recognition for performance excellence that a U.S. organization can receive.” Created in 1987, the goal of Baldrige is to help organizations innovate and improve, while achieving their mission and vision. The strategic planning and reporting framework in the new Act builds on pre-existing local government practices and processes. The Integrated Planning and Reporting Framework and Guidelines have been developed as part of the State Government's Local Government Reform Program. Strategic planning tools, or models, are designed to help organizations' develop their action plan to achieve their goals. Sample Strategic Plans These are public strategic plans OnStrategy has helped facilitate and create. It’s primarily used by organizations that need to be more reactive, and perform strategic planning in “real time.” For these companies, detailed, long-term plans tend to become irrelevant within the typical three- to five-year planning cycle because the environment they operate in rapidly changes. Use a Department Business Plan Dashboard. 3.2 In accordance with the requirements outlined in the Financial and Performance Management Standard 2009 the University must also have appropriate systems in place for evaluating the achievement of its objectives and services stated in these plans, and must report against this performance at least once every three months. The OKR framework is also effective because goals are continually set, tracked, and re-evaluated so organizations can quickly adapt when needed. University Plan means a plan that is the University’s Strategic Plan, or a University-wide thematic plan derived from the Strategic Plan (Top Level Plan), or the University’s Operational Plan, or a plan for the operation of one or more organisational units (action plan) or a performance and development plan for an individual staff member prepared as part of Performance Planning and Review. Monitor performance of support plans. A strategy map is a visual tool designed to clearly communicate a strategic plan and achieve high-level business goals. (Vice-Chancellor and President, Deputy Vice-Chancellor, Chief Operating Officer or Pro Vice-Chancellor in accordance with the approved USC organisational structure), Approve minor amendments to correct omissions or inaccuracies to action plans; and Approve and amend Operational Plan; and Ansoff Matrix. Here’s how to think of each of the four VRIO components: Once you answer these four questions, you’ll be able to formulate a more precise vision statement to help carry you through all the additional strategic elements in your plan. Approve and amend support plans; and Linkage should also apply to any additional (immaterial) information provided outside the ... a principles based framework. Through the establishment and maintenance of the Planning and Reporting Framework, the University will undertake strategic and operational planning to assist it to: a. realise its vision and achieve its goals on an ongoing basis; b. integrate planning, risk, reporting and budgetary processes; c. behave proactively rather than reactively; and. The work program forms part of the strategic planning framework, designed to reflect the organisation’s audit strategy and inform the Parliament, government entities and the public of the planned audit coverage for the Australian Government sector. The strategic planning principles contained in the Local Government Act 2020 require councils to adopt an integrated approach to planning, monitoring and performance reporting. There are a lot of strategic planning models out there. For the sake of example, the screenshot below is from ClearPoint’s reporting software. The alignment strategic planning model is particularly useful when a company needs to refine its objectives or address ongoing challenges or inefficiencies that are blocking progress. Goal-based planning tackles that challenge by setting measurable goals that align with your vision and strategic plan. Please refer to the University’s Glossary of Terms for policies and procedures. Not sure how to tackle this big job? Approve minor amendments to correct omissions or inaccuracies to support plans; It provides for an adaptive management approach that enables improvements to be made to the program's implementation where necessary, and to ensure the outputs and outcomes are achieved. Without proper reporting, you won’t be able to track progress, pinpoint problems, or achieve goals. Approve department/school action plans and amendments to the plans; and From there, stakeholders will create action plans for each goal and begin tracking and measuring progress. All planning at USC is underpinned by the Enterprise Risk Management Governing Policy and the Risk Management Framework and Strategy which provides the basis for integrated risk management at the University. This devolution of responsibility recognises that Senior Staff are responsible for management of risks and the achievement of plans in an often dynamic environment and that operational management decisions are most appropriately made at the organisational unit level. 7.5 Support plans are plans that are subsidiary to first and second tier plans, the number and focus of which may be determined by either Council or the Vice-Chancellor and President from time to time. Check out this all-inclusive guide, which includes best practices on strategic reporting and policy. This is typically a short-term (6-12 months), internally-focused process. Below, we’ll walk through the three critical phases: Prepare for strategic planning. After an issues-based plan has been implemented and the major issues you identified are resolved, then your organization might consider shifting to a broader, more complex strategic management model. ×. They are developed based on a rolling triennial approach with the primary focus being the first year. 2.4 The University Strategic Plan and Top Level Plans outline our objectives for the next four years. Goal-based strategic planning is the reverse of issue-based. 7.7 Department/School action plans are fourth tier plans required for each Department (including campuses) and School within the University, and outline the key initiatives and targets for that organisational area on an annual basis. The award is currently open to manufacturing, service, small business, nonprofit, government, education, and healthcare sectors. 2.2.1 The National Development Plan and the Medium Term Strategic Framework 25 2.2.2Implementation Delivery Model 25 2.2.3Spatial Development Framework 26 2.2.4Budget Prioritisation Framework 26 2.2.5Provincial priorities 27 2.3 Alignment of the policy, planning, budgeting and reporting processes 27 An Annual Report for each financial year.