Strategic planning
How do the following issues relate to your company's strategic planning system?
The strategic plan is too complex and too detailed. It is not easy to understand and track the relationships between strategies
The strategic plan is created but not fully implemented. Major sponsors and/or stakeholders need to support the strategic planning process visibly. Employees avoid responsibility for the outcomes
A strategic plan is more about financial planning than actual strategies and action plans. It does not answer fundamental questions: what we do and for whom, how to beat the competition, how we create value for our customers and what is our competitive advantage
The strategic planning process is cumbersome and time-consuming. Adjustments to the strategic plan do not keep pace with changes in the market and within a Company. Concentration on debates about the planning process instead of focusing on decision-making
Company employees at different management levels do not support strategic planning initiatives. A plan is created to have a plan, like in other companies
Difficulties in selecting a strategic planning committee. Participants are more focused on operational rather than strategic goals
Difficulties in formulating strengths, weaknesses, opportunities, and threats based on reliable data and conducting SWOT analysis
Setting unrealistic goals with unsecured resources. These goals are not related to critical success factors and precise description of the company value proposition
If at least one of the above statements is valid for your business, our International Management Decisions Library can help!
What is a standard operating procedure?
Management processes of any company often correspond to the well-known saying: “The new is the well-forgotten old”; In most cases, business development follows several known scenarios, so no matter how unique your management problem may seem, there is a high probability that someone has encountered the same challenge once. Clearly, albeit with some adaptation to the country and/or corporate culture, a business solution does exist that will work for you
A standard operating procedure (SOP) is a set of instructions describing in detail and systematically how to perform a task or activity related to improving business performance. These detailed guidelines are easy to follow and leave no ambiguity about what to do and how to do it. The question is, where should you look for these SOPs? The answer is …
