tools for strategic planning new tools for strategic planning
DESCRIPTION
TRANSCRIPT
Tools for Strategic Tools for Strategic PlanningPlanning
New Tools for Strategic New Tools for Strategic Planning Chapter 7 Case Planning Chapter 7 Case Analysis and PlanningAnalysis and Planning
T. A. Sgritta
University of North Carolina at Charlotte
Tools for Strategic Tools for Strategic PlanningPlanning
SWOT Analysis
• Strengths
• Weaknesses
• Opportunities
• Threats
Tools for Strategic Tools for Strategic PlanningPlanning
Strengths
-Unique and valuable assets that, alone or in combination with others, are or can become competitive advantages.
Tools for Strategic Tools for Strategic PlanningPlanning
Strengths – Keys to Success
Tools for Strategic Tools for Strategic PlanningPlanning
Opportunities
• Unfilled needs, existing or potential, for one or more or a combination of our strengths
Tools for Strategic Tools for Strategic PlanningPlanningPublishing Opportunities
Tools for Strategic Tools for Strategic PlanningPlanning
Weaknesses & Threats
Weaknesses (internal) and Threats (external) are impediments to performing the mission or matching strengths with opportunities. These tangible or intangible issues must be must be resolved.
Tools for Strategic Tools for Strategic PlanningPlanning
Focusing Keys to Business Plans
• Mission – include the three elements!– Mandatory - why?
• Objective (of current case strategy)– Optional, but could be important – why?
Tools for Strategic Tools for Strategic PlanningPlanning
Action Plan Development
• Take advantage of opportunities
• Shore up weaknesses
• Protect against threats (if possible)
• Insure durable/growing strenghts
Tools for Strategic Tools for Strategic PlanningPlanning
Action Plans
– Who (the name of the person responsible for the specific action. Use title ONLY if the person’s name is not available)
– Does what (measurable goal)– When (completion date)– How (basic methodology and/or resources to be
used)
Tools for Strategic Tools for Strategic PlanningPlanning
Our Strategy is to:
• Build on our strengths
• Take advantage of opportunities• Shore up our weaknesses (but only those that
limit the marriage of strengths and opportunities)
• Protect us against threats
• Position ourselves vs. competitors
• Improve ourselves for the future
Tools for Strategic Tools for Strategic PlanningPlanning
One Page Case Analysis
Student Name, Class/Section, Case Name, Date
• Mission Statement (sentence)
• SWOT Analysis (bullet or sentence format)
• Objective of Strategy (key current need)
• Action Plans (table or sentence form)
Who (name) What (goal) When How
Tools for Strategic Tools for Strategic PlanningPlanning
Creativity