real time strategic planning 2 9 11 slideshare notes

Real Time Strategic Real Time Strategic PlanningPlanning

in ain aRapid Response WorldRapid Response World

Institute of Management AccountantsFebruary 16, 2011

Purpose of Strategic Purpose of Strategic PlanningPlanning

Focus on Priorities……

…..and Achieve Results

Pitfalls to AvoidPitfalls to Avoid

Real Time Strategic Planning Real Time Strategic Planning Model (RTSP)Model (RTSP)

Phase 1Basic planning elements that can be applied to various scenarios as they occur

Phase 2Strategy formation and implementation that occurs continuously

Traditional vs. RTSP Traditional vs. RTSP OutputsOutputs

Traditional Strategic PlanningGoals and 3 Year Plan

Real Time Strategic PlanningAction steps to be taken in real time

Strategy and Competitive Strategy and Competitive AdvantageAdvantageStrategy Coordinated set of actions aimed at creating and sustaining a competitive advantage

Competitive Advantage The presence of visible, obvious and measureable ways in which your organization differs from and is better than its peers.

Phase 1 – Organizational Phase 1 – Organizational IdentityIdentity

Financial AnalysisFinancial Analysis

Overall BudgetDiversity of revenueTrends in revenues – Past and

futureStability analysisWhich product lines are at riskWhich products are running a

deficit

Phase 1-Organizational Phase 1-Organizational IdentityIdentity

Detailed and time consuming

Can be used repetitively to address strategic issues as they arise

Phase 1 – Strategy ScreenPhase 1 – Strategy Screen

A set of criteria that your organization

uses to choose whether or not a

particular strategy is consistent with its

identity

Crafting a Strategy ScreenCrafting a Strategy Screen

5 – 8 elements recommended

Consistent with mission/business model

Ethical

Break even or create a surplus within 12

months

The result will be sustainable Will not put us in competition with

valued partners or customers

Phase One Is CompletedPhase One Is Completed

The Foundation Is Set

Phase TwoPhase Two

Triggers for the Big Triggers for the Big QuestionQuestion

The Big QuestionThe Big Question

Framing the Right Question Will Drive the Right Strategies

Crafting the Big QuestionCrafting the Big Question

List a variety of ways to frame

the question and choose the one that asks it so that all of the

complexity that you want

addressed is in the question

Strategy FormationStrategy Formation

Develop a list of potential strategies to address your big question

Check each strategy against your strategy screen

Test your strategy approach before implementationReality CheckLaugh TestValidity Test

ImplementationImplementation

Connect with MarionConnect with Marion Email: marionconway@aol.com Blog:

marionconwaynonprofitconsultant.blogspot.com Website: marionconwayconsulting.com Twitter: MarionConway LinkedIn: Marion Conway Facebook:

facebook.com/MarionConwayConsulting Become a fan - and see my blog feed

Resource: The Nonprofit Strategy Revolution by David LaPiana