STRATEGIC PLANNING PROCESS & FACILITATION
Building Strategies and Tactics for Your Success
How important is Strategic Planning to an organization?
Strategic planning is not just a necessity. It’s the cornerstone of sustainable success for any organization. Go beyond sticky notes on flip charts and build a comprehensive strategic plan from the ground up.
The strategic planning process is essential for setting a clear direction, optimizing resource allocation, adapting to a changing marketplace, and ensuring the long term success and sustainability of the organization. It is a forward looking approach to achieving organizational goals such as employee retention. To guide this process, you need a person in charge of directing the group. This is the role of a facilitator or coach.
Dr. Troy's Compass Strategic Planning Process is a proven four step formula: Discover, Assess, Tether, and Accelerate.
Dr. Troy Hall specializes in facilitating, guiding, and directing senior leadership teams and boards of directors through a proven strategic planning process. The goal is to produce a completed, comprehensive business plan that serves as a roadmap to success.
Use a facilitator or coach, like Dr. Troy, for your strategic planning process and receive numerous advantages for your organization. A facilitator can significantly enhance the effectiveness and efficiency of your strategic planning process. Dr. Troy brings objectivity, expertise, and a structured approach to the table, helping your organization develop clear, actionable strategic plans that can drive success. PLUS, Dr. Troy knows how to help you involve multiple levels of employee participation throughout the organization.
Get everyone involved in the process. When people are involved, they own it and are better equipped to work toward the future direction of the organization.
Dr. Troy’s approach incorporates a range of powerful tools and methodologies designed to bring clarity and effectiveness to the strategic planning process. These tools include a Political, Economic, Social and Technology (P.E.S.T.) Analysis, Scenario Planning and Mapping worksheets, Balanced Scorecard Basics, Porter's Three Generic Marketing Strategies, along with a comprehensive Project Portfolio Tracking System. Learn more about each below:
What type of analysis is good for strategic planning?
Dr. Troy recommends including the process that starts with a thorough Political, Economic, Social, and Technology (P.E.S.T.) Analysis. This in-depth assessment helps organizations gain a clear understanding of the external factors that impact their industry, allowing for informed decision-making. Companies can see the big picture overview that forces of change are bringing, and then take advantage of any opportunities this change presents.
There are easy to follow steps for leader instruction to gain feedback and perspective from staff in all areas of the organization. Dr. Troy has found that obtaining the perspective of those employees with “boots on the ground” is valuable and important to employees. When an employee has a sense of inclusion, they take ownership of the overall plan which in turn leads to higher employee retention and engagement.
As Benjamin Franklin has been quoted to say, “Tell me and I forget, teach me and I may remember, involve me and I learn.”
By gaining insights into the political, economic, social, and technological aspects of their environment, organizational leaders can make more informed choices and better position themselves for success in an ever-changing world.
Scenario Planning and Mapping Worksheets
To navigate an ever-changing business environment, scenario planning and mapping worksheets are invaluable. They enable organizations to anticipate potential futures, identify risks, and proactively adapt their strategies. This critical step involves taking two likely trends and determining what the scenario would resemble based on how they connected.
The balanced scorecard is a proven framework that ensures all aspects of an organization's performance are considered. It provides a balanced view of financial, customer service, internal processes (efficiencies), and culture (learning and growth perspectives), helping organizations align their strategies with their vision and mission .Today’s complex business environment requires leaders to be able to balance performance parameters of multiple areas at one glance.
Porter's Three Generic Marketing Strategies
Porter's framework helps organizations define their competitive advantage by choosing one of three generic strategies: cost leadership, differentiation, or focus. Selecting the right strategy requires an understanding of how the organization interacts in a broad or narrow market. This strategic choice guides decision-making and resource allocation.
Comprehensive Project Portfolio Tracking System
To ensure the successful execution of the strategic plan, a comprehensive project portfolio tracking system is implemented. This provides a system designed for efficient monitoring of projects and initiatives, ensuring resource demands do not exceed capacity and that projects remain aligned with the strategic goals.