How to Create a Strategic Action Plan?
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The document outlines the creation of a strategic action plan, detailing its importance in achieving company goals through structured steps and measures. Key components for a successful action plan include team involvement, clear communication, and regular updates on progress. It also emphasizes the value of scenario planning for shaping business futures and making informed decisions.
How to Create a Strategic Action Plan?
- 1. ONTARGET STRATEGIC ACTION PLAN BANG ON TARGET Created by Paul Alves CTH – CTH 2014-15
- 2. ONTARGET 2 Address key strategic goals Help measure progress over time Delivers practical steps & resources Assures that your strategic objectives are implemented What's a strategic action plan? Its a document that identifies all required steps to achieve the strategic goals
- 3. ONTARGET 3 Why developing a strategic action plan? Because it allows you to craft your company's: Credibility Responsibility Awareness Feasibility Traceability
- 4. ONTARGET 4 When should you develop one? After developing your: Mission Objectives/Goals Strategy plan Implement pilot Revise monthly/Quarter
- 5. ONTARGET 5 What to include in your action plan ? 1. Determine who should be included. 2. Determine what processes should be included. 3. Develop action plan with key steps for all proposed changes. 4. Explain why - organise a group planning 5. Assign team leaders for phases and priorities. 6. Release daily or/and weekly updates, keep everyone updated. 7. Keep system track of what has been achieved what is not, the ongoing, postpone, etc. 8. Create meetings for every new milestone - reports.. 9. Celebrate each (completed) milestone.
- 6. ONTARGET 6 What are the key steps to consider? Who will carry it out? By when and for how long? What resources are needed? What change or action will occur? How often should you communicate? Who should communicate and what?
- 7. ONTARGET 7 Who should you consider? Everyone directly involved in the project Managers - all departments Influential people/ Teams / Ground floor Directors/ Stakeholders Different or/and linked departments Avoid no can do attitude (negative people)
- 8. ONTARGET 8 How to make your action plan work? To make it work the action plan should be: Concise Feasible Inspiring Clear with participant's names Complete with start and end dates Updated Regularly
- 9. ONTARGET 9 How and When to start? Your action plan should be based on your Mission or about How we work statement! Then go to identified audience and set your priority goals. You'll see that the process should work all together. Following the: Scenario Planning It is vital if you're trying to reshape your business future. Scenario Planning can really help business people to make sense of what they're trying to achieve.. You can become a master at developing strategy and really making it work!
- 10. ONTARGET 10 How to get there? All scenario planning should bring honest assumptions into play and accept diversity from others. This will help you see and increase your range of options. Bear in mind that scenario focus discussion depends on your ultimate objective. Use OLD as a framework. a) Objectivity: How does my product/service work in practice? What is my major strength? b) Learn: What can we learn about our customers? What can we learn about the competition? c) Develop Strategy: What other options / ways have we? How flexible is our strategy?
- 11. ONTARGET 11 ONTARGET Digital Strategy – Follow @Paul_CTH
Editor's Notes
- #2: Action planned is copy-write protected--2014-2015