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the process described in this handout. Each item is covered as indicated in the frequency column.
Strategic Planning
ISO 9001:2008 Registered 2009 Recipient of Baldrige National Quality Award
Baldrige Performance Excellence Program, Criteria for Performance Excellence Category 2: Strategic Planning
This category examines how an organization develops strategic objectives and action plans; from the 2011-2012 Criteria for Performance Excellence p. 10-12. Strategic planning is a process; a series of steps designed to create a strategic plan. When executed systematically and effectively the strategic planning process adds tremendous value to any organization by providing focus on the vision, the goals and the key requirements of stakeholders. The process then guides the creation of a plan that contains the most value-adding, change initiatives to implement in pursuit of achieving the organizations goals and meeting the key requirements of stakeholders. An effective strategic planning process will not only create a strategic plan to support achievement of goals, but will also manage the execution of the strategic plan and the sustainability of the results proposed by the action plan. Additional benefits of an effective strategic planning process include high levels of innovation and employee engagement. This handout gives an overview of MidwayUSAs strategic planning process. Additional detailed information is available in the strategic plan development timeline, which is available upon request. Important Definitions Action Plan - The individual ideas for improvement that have been extensively detailed with who, what, where, when and how. Strategic Objectives - Broad statements that communicate what an organization must achieve to remain or become competitive and ensure long-term sustainability. Key Requirements - The most important needs of a stakeholder that must be met to achieve stakeholder satisfaction. Stakeholders - Any group or individual that is or might be affected by an organizations actions and success. Strategy - The methods use to achieve organizational goals and long-term sustainability.
Monthly Monthly Annually - Q4 Semi-Annually Q2 & Q4 Monthly Monthly Monthly Monthly Monthly Monthly Q1 & Q2 Monthly Q1 & Q2 Monthly Q1 & Q2 Monthly Q1 & Q2 Monthly Q2 Monthly Q2 & Q3 September Monthly Q3
Annually - Q4
Monthly
Monthly
v.10.5.11
G Results Review
To identify opportunities to address, both actual and projected performance are reviewed against goals.
Innovation
Sources include*: Employees Customers Vendors Shareholders Strategic Thinking Teams Strategic Planning Meetings
*ideas also used in process management process to improve processes.
N Review
To create a focus on factors or capabilities to utilize or overcome in the strategic plan, core competencies, strategic advantage and challenges are reviewed.
Results Review
To identify opportunities to address, actual and projected performance are reviewed against goals
Innovation
Strategic ideas for APs to achieve strategic objectives captured.
S O
SLT
W T
SLT
SLT
SLT
SLT
O Analyze and Select Ideas for APs for Next Years Strategic Plan
To determine the most important APs to implement next year to achieve strategic objectives and goals.
Q Prioritize APs
SLT
SLT
SLT
SLT
SLT
SLT
SLT