fbpx

Strategic Plan Development and Implementation

Strategic Plan Development and Implementation

Strategic planning is the process of documenting and establishing a direction of your small business by assessing both where you are and where you’re going. The strategic plan gives you a place to record your mission, vision, and values, as well as your long-term goals and the action plans, you’ll use to reach them. A well-written strategic plan can play a pivotal role in your small business’s growth and success because it tells you and your employees how best to respond to opportunities and challenges.

Despite the benefits of having a strategic plan in place, a growing number of small business owners aren’t focusing on the long-term strategies of their businesses. In a 2018 Constant Contact survey of 1,005 small business owners, 63% said they plan only a year (or less) in advance. Planning often is boring and hard, it consumes a lot of time. But this is the wisest investment because planning preserves 10 times more time in future. It happens by growth of efficiency. When planning you can inventory and allocate all resources in the best or nearly the best possible way. Through planning you will see interconnections between activities that are going to be executed and will be able to make use of it.

Imagine some simple task, peeling potatoes let’s say. What images come to your mind? Do you vision your own hands holding some tool and gently removing skin from potato? This was probably the shortest possible session of planning. But would you agree that you plan in such way dozens of actions every day? Every person on earth plans but the horizons of planning differ greatly. The statistics speaks that success of any business depends on whether we plan for a week or a year or a decade. The Soviet Union planned for 5 years and post-soviet Ukraine, Moldova, Georgia and Armenia barely planned for 3. The results are known. Germany planned for 30 and the results are also well-known as this country became a symbol of quality.

Planning often is boring and hard, it consumes a lot of time. But this is the wisest investment because planning preserves 10 times more time in future. It happens by growth of efficiency. When planning you can inventory and allocate all resources in the best or nearly the best possible way. Through planning you will see interconnections between activities that are going to be executed and will be able to make use of it.

There are hard times in any business when you struggle to overcome obstacles or facing other challenges. Good plan helps to keep pace and continue even in hostile environment. Quite often planning can replace (at least for some time) motivation and helps to focus when you are frustrated by encountered hardship. And here arises second equally important part of planning – implementation (yes, we believe it’s an indispensable from any plan).

The only situation when planning is useless is when the plan is not going to be implemented. That’s real waste of time. That’s why it is vitally important to make realistic and not “attractive” plans. If you create good-looking but impossible plans you double-waste your time: first at the planning stage and second at the implementation (or better say – failure) stage. Think twice and rethink twice more to create concrete and useful plan.

In the introductory part we spoke about two major components of activity: planning and implementation. But what happens next? What are the reasons to plan and implement something? Nobody will deny that there is always an aim or mission of any project/activity and you can speak of plan only in relation to goals. For better performance and management organizations separate Vision, Mission, Values and Strategy. Let’s have a closer look at all these elements.

 

This Coursepedia training course will feature:

  • How to identify critical strategic issues and opportunities
  • How to enhance your own & your organization’s strategic thinking to envision strategic initiatives
  • How to generate and support effective strategic thinking down to all levels in the organization
  • How to prioritize issues based on clear objectives and organizational capabilities to deliver high added value
  • How to lead and motivate teams and businesses in diverse, turbulent and complex environments
  • What are the Goals?

Upon completion of this course, participants will be able to:

  • Interpret the internal and external forces shaping the future
  • Develop & follow a strategic roadmap through a clear vision & statement of strategic intent
  • Identify the competencies and capabilities of strategically agile and effective organizations
  • Recognize your own strategic leadership style and the styles of others
  • Effectively prepare, motivate and guide your organization, unit or team towards the vision

Course Curriculum

SECTION 1: INTRODUCTION TO STRATEGIC PLAN DEVELOPMENT

1
Concept of Strategy
Self-Paced
2
What makes a good strategy
Self-Paced
3
Categories of Strategy
Self-Paced
4
Strategic management
Self-Paced
5
Quiz
10 questions

SECTION 2: OVERVIEW OF STRATEGIC PLANNING

1
Concept of Strategic Planning
Self-Paced
2
The Strategic Plan Work Product
Self-Paced
3
When to Plan
Self-Paced
4
Elements of a Strategic Plan
Self-Paced
5
Defining Strategic Goals and Objectives
Self-Paced
6
The Difference between Strategic Management and Strategic Planning
Self-Paced
7
Strategic Direction
Self-Paced
8
Quiz
10 questions

SECTION 3: STRATEGY IMPLEMENTATION

1
Concept of Strategy Implementation
Self-Paced
2
Strategic Decisions
Self-Paced
3
Wrapping Up
Self-Paced
4
Quiz
10 questions

Certification

Coursepedia Demo Certificate
Showcase your achievements with a Valuable Certificate. Your certificate is the official recognition for your Learning achievements on Coursepedia. This is optional, but highly recommended after course completion. Verified Certificates issued by Coursepedia can differentiate you against competitions and also establishes you as a continuous learner anyday, anytime. Employers are always looking for people who never want to stop learning.

SECTION 1: INTRODUCTION TO STRATEGIC PLAN DEVELOPMENT

1
Concept of Strategy
Self-Paced
2
What makes a good strategy
Self-Paced
3
Categories of Strategy
Self-Paced
4
Strategic management
Self-Paced
5
Quiz
10 questions

SECTION 2: OVERVIEW OF STRATEGIC PLANNING

1
Concept of Strategic Planning
Self-Paced
2
The Strategic Plan Work Product
Self-Paced
3
When to Plan
Self-Paced
4
Elements of a Strategic Plan
Self-Paced
5
Defining Strategic Goals and Objectives
Self-Paced
6
The Difference between Strategic Management and Strategic Planning
Self-Paced
7
Strategic Direction
Self-Paced
8
Quiz
10 questions

SECTION 3: STRATEGY IMPLEMENTATION

1
Concept of Strategy Implementation
Self-Paced
2
Strategic Decisions
Self-Paced
3
Wrapping Up
Self-Paced
4
Quiz
10 questions
We offer course certificates for all courses taught by Coursepedia. Our certificates are available in Digital formats (PDF). Certificates for courses taught by other Instructors/Teachers are determined by them.

To qualify for any of our certificates, you must have successfully completed your chosen course, achieving the course cutoff mark or higher in all assessments.

We offer two type of certificates, VERIFIED COURSE CERTIFICATE and VERIFIED DIPLOMA CERTIFICATE.

Both certificates come in Digital Format which is downloadable in PDF format after you complete your purchase. The certificate(s) will be sent to your registered email address. You can also download the certificate of completion in your PROFILE. This is for demo only and not the VERIFIED CERTIFICATE from Coursepedia.

All Certification is available for purchase via the Coursepedia Shop.

If you have any queries or require assistance, please email support@coursepedia.ng and it will be a delight to be of help.
Definitely! If you have an internet connection, courses on Coursepedia are available on any device at any time. If you don`t have an internet connection, some instructors also let their students download course lectures. That`s up to the instructor though, so make sure you get on their good side!
You can view and review the lecture materials indefinitely, like an on-demand channel.
No announcements at this moment.

Be the first to add a review.

Please, login to leave a review
Chat With Us
Need Urgent Help?
Hello!!! Do you need Urgent help?

Our Customer Care Representatives are online and ready to help you via WhatsApp Chat. Get quick response to any of your question.