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Strategic Planning Model.
Strategic planning can take many different routes, depending upon the organization’s needs. Various models of strategic planning include vision- or goal-based strategic planning, issues-based planning, or The Execution Flywheel model – which is the foundation of AchieveIt’s cloud-based software. Whichever strategic planning model you choose determines upon your specific process, although they all have several aspects in common. [i] Each model uses short- and long-term goal setting; clear, measurable, and quantifiable objectives; and actionable strategies and tactics to bring a strategic plan to life. A critical component of every strategic plan is making sure it is in line with the company’s mission, values, and vision statements.
Strategic Planning Model: Vision- or Goal-Based Planning
This planning process is very basic, but also effective. By looking ahead to the future instead of the “now,” companies are able to see what strategies are most effective toward reaching their goals. Important steps of this planning process include: creating a mission statement, creating a vision statement, clarifying company values, and breaking down the plan into goals, objectives, strategies, and tactics. AchieveIt’s cloud-based software makes this strategic planning model easy to deploy, providing tools to assess the organization’s mission, values, and vision statements, as well as a planning hierarchy that can include strategic themes, goals, sub-goals, objectives, strategies, and tactics.
Strategic Planning Model: Issues-Based Planning
Organizations that have tried long-term planning in the past and have failed may want to try a different approach focused more on the “here and now.” An essential element of issues-based planning is effective team brainstorming to identify real issues facing the company. Solutions are usually short-term, usually nine to 12 months, and plans address the most pressing problems. Issues-based planning can be a baby step toward implementing a larger strategic plan, or it can be broken down into objectives within a plan. AchieveIt’s software includes many online tools that enable organizations to assess the current environment, including a strategic themes assessment, internal capabilities gap, external PESTEL analysis [ii], and a SWOT analysis. These tools provide quantification of internal and external capabilities and constraints that the organization must address in the near future. The software even includes a strategic change agenda that enables organizations to convert strategic business intelligence gathered throughout the strategic planning model into a blueprint for their strategic and operational plans.
Strategic Planning Model: The Execution Flywheel
Perhaps you are an organization that has implemented successful strategic plans in the past and now consider yourself seasoned with your strategic planning model. The Execution Flywheel may be a better fit, because it has a greater focus on accountability and execution than the two other models. While AchieveIt can be used for vision- or goal-based planning or issues-based planning, the foundation of the software is the Execution Flywheel, which guides organizations through the six phases of the strategic planning lifecycle: Focus, Plan, Align, Forecast, Monitor, and Report. With an emphasis on monitoring and tracking results, it includes robust scorecards, dashboards, and electronic reminders and alerts.
How AchieveIt Helps with the Strategic Planning Model
There is, of course, no guarantee that strategic planning will garner the results the organization desires. Yet, whichever strategic planning model you use, AchieveIt’s cloud-based software can help with strategy development and execution management, increasing your chances of success. This best-of-breed software guides you through AchieveIt’s proven Execution Flywheel that has generated breakthrough results for clients. It contains a full suite of tools that shortens the planning cycle, enables strategic decision-making, and powers accountability and execution. No other cloud-based application guides you through the entire strategy development and execution management life cycle with such focused precision.
Learn how to hardwire strategy and execution into your organization through the use of strategic planning software, strategy development software, business execution software, or quality management software.