Strategic planning cycle to overcome from operational problems

Description:

The image illustrates a "Strategic Planning Cycle to Overcome from Operational Problems", signifying it is a tool used to adapt business strategy and operations to address and resolve issues. The image comprises six numbered points which form a cycle, suggesting that strategic planning is an ongoing process. Each number corresponds to a different phase of the cycle.

1. Propose Mission: 

At this phase, the organization defines its purpose, core values, and vision for the future. It specifies the business's direction and the fundamental reasons for its existence.

2. Propose Goals: 

Here, the business establishes concrete objectives, such as building a stable customer base and optimizing marketing strategies.

3. Examine Internal Issues: 

This step involves a deep dive into the internal operations to identify problems that may hamper performance and find ways to address these issues.

4. Examine External Issues: 

The focus shifts to factors outside the company that could impact its success, including market trends, competition, and economic conditions.

5. Summarize Findings in a SWOT Analysis: 

This stage is about compiling a comprehensive analysis of the company's Strengths, Weaknesses, Opportunities, and Threats, to inform strategy formulation.

6. Formulate Strategy: 

Finally, utilizing the insights gained from previous steps, the company establishes a plan that tackles its weaknesses and threats and leverages its strengths and opportunities.

Use Cases:

Industries that can apply this strategic planning cycle:

1. Retail:

Use: To optimize store operations and increase market competitiveness.

Presenter: Chief Operating Officer

Audience: Management Team

2. Manufacturing:

Use: To streamline production processes and reduce inefficiencies.

Presenter: Plant Manager

Audience: Department Heads and Supervisors

3. Healthcare:

Use: To improve patient care services and adapt to changing healthcare policies.

Presenter: Healthcare Administrator

Audience: Health Services Managers

4. Technology:

Use: To guide product development and adjust to rapidly changing tech trends.

Presenter: Chief Technology Officer

Audience: R&D Team and Product Managers

5. Education:

Use: To design educational programs that better serve student needs and institutional goals.

Presenter: Dean or Academic Director

Audience: Faculty and Administrative Staff

6. Finance:

Use: To navigate market uncertainties and create profitable investment strategies.

Presenter: Chief Financial Officer

Audience: Investment Analysts and Portfolio Managers

7. Real Estate:

Use: To assess market conditions, optimize asset portfolios, and drive growth strategies.

Presenter: Real Estate Development Manager

Audience: Investors and Property Management Teams