What are good strategic planning questions?
Great strategies answer five critical questions (“the strategic five”) in ways that are unique to your company: (1) What business or businesses should your company be in? (2) How should you add value to your businesses? (3) Who should be the target customers for your businesses? (4) What should be your value ...
Great strategies answer five critical questions (“the strategic five”) in ways that are unique to your company: (1) What business or businesses should your company be in? (2) How should you add value to your businesses? (3) Who should be the target customers for your businesses? (4) What should be your value ...
- First, are we clear on our purpose and our bigger “why? ...
- Second, how do you define what you do – the “businesses within your business?” Why do you define them that way? ...
- Third, what do you know about the sustainability of each of those businesses?
What is our Vision? What do we want to become? What assumptions are we making about our future? Which products/services/ will get more/less emphasis in the future? Which customers will receive/not receive these products/services?
- Who is your target customer? ...
- What are the biggest challenges the company is facing? ...
- How can you improve the company's current product? ...
- How did the company get to where it is? ...
- Where does the company want to go? ...
- What should the company do more of?
7 Key Questions: Who, What, Why, When, Where, How, How Much?
- What is our mission?
- Who should be involved?
- How are we doing relative to competitors?
- Where are we now and where do we want to be?
Sound strategy requires decision makers to have an “elevated” big picture understanding of their business. This requires the three strategic disciplines (3 A's): acumen for developing valuable insights, allocation for using resources wisely, and action for executing strategic plans.
Effective strategic planning is a process that should be broken down into three separate, equally important components: strategic thinking, long-range planning, and operational planning. This first component addresses the big picture questions of an organization, including: Who are we? Why are we in business?
- What is the fundamental challenge that our strategy addresses? Answering this question provides you with the 'why' of your strategy. ...
- How will we make our customers' lives better? ...
- How will we win? ...
- What are our priorities for action?
What are the 4 P's of strategic planning?
With these management tools providing input in real time, organizations can quickly adjust course as circ*mstances present new opportunities or threats. A simple model made up of “Four Ps” can help companies create this advantage. These Ps are Perceptions, Performance, Purpose, and Process.
- Why do we exist?
- How will we behave?
- Where are we going?
- How will we succeed?
- What is most important right “now”?
- What isn't important?
Strategic thinking interview questions aim to evaluate several essential aspects of a candidate's capabilities: Analytical Skills: These questions assess a candidate's ability to analyze complex problems and break them down into manageable components.
- Who am I Why am I here?
- Where am I going?
- Does life have any purpose?
There are four types of power questions. They are relating questions, resonating questions, differentiating questions, and activating questions.
- Creation. How did all this come to be and what should we think about it?
- Possibility. What should we do?
- Wholeness. How do we become whole?
- Others. How do we relate to others?
- Value. What's valuable and how am I of value?
The 4 pillars for strategy are: Vision, Analysis, Target & Plan. A strategy needs to built on the foundation of an overarching vision that it is meant to achieve. In this sense it is important to acquire guidance on the vision from supervisory authorities of the strategy.
- Who is on your Planning Team? ...
- Who will be the business process owner (Strategy Director) of planning in your organization?
- Fast forward 12 months from now, what do you want to see differently in your organization as a result of your strategic plan and implementation?
Each of the five P's represents a distinct approach to strategy. This includes Plan, Ploy, Pattern, Position and Perspective. These five elements enable a company to develop a more successful strategy.
By understanding the purpose, gaining perspective, developing a clear plan, prioritizing activities, adjusting the pace, and measuring performance, an organization can ensure that its strategic decisions are aligned with its long-term goals.
What are the 3 C's of a strategic action?
This method has you focusing your analysis on the 3C's or strategic triangle: the customers, the competitors and the corporation.
Strategic planners must have an in-depth knowledge of the market they work in. They must perform market research to identify growth strategies and solutions to marketing-related issues a company is experiencing.
Here are the 7 basic elements of a strategic plan: vision, mission, SWOT analysis, core values, goals, objectives, and action plans.
Strategic planning seeks to anticipate future industry trends. During the process, the organization creates a vision, articulates its purpose, and sets strategic goals that are long-term and forward-focused. Those strategic goals inform operational goals and incremental milestones that need to be reached.
An example of a strategic plan with a goal, strategy, and tactic: Goal (what the organization wants) - To increase online sales by 20% over the next two quarters. Strategy (how the organization will get it) - Increase online marketing and social media presence by 25% in the two quarters.
