Download - Dvirc Strategic Planning Overview
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Strategic Planning Overview
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About Our Planning Process:
DVIRC’s Strategic Action Plan Has Been Constructed To Help Businesses Experience: Growth in Sales, Growth in Profitability and Success in Execution.
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About Our Planning Process:
Growth Opportunities
•Primary & Secondary Market Intelligence •Voice of the Customer Interviews •Competitive Trend Analysis• Structured Market Opportunity Scouting and Validation•Competitive Market Force Assessment; to Support Business Growth Planning
CompetencyFormation
•Formal SWOT Analysis•Current State Definition •Future State Definition- Vision Statement, Vision Elements and Specific Objectives •Core Competency Mapping•Strategy Formation
Resource Allocation & Deployment
•Strategic Objective Selection•Resource Allocation and Action Planning•Mapping of Initial Key Success Measures •Execution of Plan•Monitoring of Results
Performance Review • Scheduled Strategic Planning Team Meeting to Monitor Progress
• Delivery Of Monitoring Tools to Gauge and Key Performance Indicators • One to One Status Debriefings with the Owner/ Chief Executive• Access to Third Party Resources That Can Support and Areas Where Limited Internal Resources are Restricting or Preventing Success.
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Research In Strategy
In strategic planning it is highly recommended that components of Primary & Secondary Research be included as tools to:
Validate Perceived Organizational Strengths
Scout Out – Feasible Market Opportunities
Call out and/or Confirm Weaknesses & Threats
Define Competitive Landscape & Intensity
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Research In Strategy
Primary & Secondary Research can also help answer common Strategic questions like:
Where are we? (5 forces & PEST- if client is going global)
What do we have to work with? (Boston Matrix- Some VOC)
Where do we want to be? (Light- Opportunity Scouting: Primary & Secondary Research Elements)
How do we get there? (Light- Benchmarking– Primary & Secondary Research Elements)
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Research In Strategy
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Research In Strategy
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Research In Strategy
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Boston Matrix (BCG)
Research In Strategy
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Research In Strategy
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Typical Private Company Issues
COMPLETE FOCUS ON THE DAY TO DAY WILL KEEP YOU ALIVE BUT WILL NOT GET YOU ANYWHERE!
THE MORE THE BUSINESS DEPENDS ON THE OWNER, THE LESS VALUABLE IT IS.
PLANNING IS ONE THING, EXECUTION IS ANOTHER
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What is Strategic Action Planning?
Strategic Action Planning is a disciplined approachto answer the following key questions:
Where are you going?
Where are you now?
What needs to be accomplished?
How do we get there?
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Day to Day Objectives
Do BetterUse normal work systemsProcesses already existSome improvements neededCustomer Driven
Breakthrough Objectives
Do DifferentNormal work systems won’t do the jobAdequate processes don’t existNew ways need to be discoveredExceed customer needsBetter than competitorsLeader not follower
Creating Breakthrough Transformation
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Benefits of the Strategic Planning Process
Creates a vision of the future that inspires Develops buy-in and accountability from key
leaders. Provides professional, written plans to all team
members that are easy to modify when the situation changes.
Yields an implementation plan that helps communicate the plan to others and serves as a guide to monitor progress.
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Process Overview: What to Expect The Future State (1/2 day)
Develop the Vision Themes and Vision
Identify the Major Changes Desired between now and 2014
Discuss The Responsibility of Leaders
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VISION QUESTION
IT IS DECEMBER 2014, AND WE ARE VERY PLEASED WITH THE SUCCESS OF DONTECH. WHAT DOES IT LOOK LIKE AND HOW DID WE GET THERE?
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Vision Specifics
Cash Flow
Sales
Productivity
Assets
Today 2014
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Process Overview: What to Expect
Current State and Gap Analysis (1 day) Do an analysis of Strengths, Weaknesses,
Opportunities, Threats
Identify Core Competencies
What you do today and for who
Identify and prioritize gaps between the current and future state
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2 1
Gaps
2 2 Launch China – Jim/Chris
6 6 6 Management Direction & Planning (business focus)
1 2 Generate Cash Reviewing Overhead and Setting Short Term Goals – Nina/Chris
3 1 1 Cash Infusion –Tony/NinaBroaden SRS Markets – Jim/Tony
4 3 3 Sales and Marketing Plan – Jim/Tony45 4
5 5
Find new customers
Develop new products and color services
4 Determine Open Capacity (machine utilization)
5 6 Improve RM SourcingDevelop a Lean Culture
3 Develop a Strategy for Building ExpansionGet Away from Batching Ecofast
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Process Overview: What to Expect Build Policy Deployment Matrices for Year One. (Three days)
Objective:
Champion:
STRATEGIC OBJECTIVE DEPLOYMENT PLAN
Actions Champion Measures of Success StatusStart/Completion Timing
Frequency ReviewJ F M A M J J A S O N D
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Process Overview: What to Expect
Several Hours Every Six Weeks for One Year:
Follow-up that the plans developed are being implemented
Make Adjustments as Necessary!