Strategic planning is the art of creating specific business strategies, implementing them, and evaluating the results of executing the plan, in regard to a company’s overall long-term goals or desires. It is a concept that focuses on integrating various departments within a company to accomplish its strategic goals. The term strategic planning is essentially synonymous with strategic management. The strategic planning process requires considerable thought and planning on the part of a company’s upper-level management. Before settling on a plan of action executives may consider many possible options. Company’s management will settle on a strategy that is most likely to produce positive results. This is usually defined as improving the company’s bottom line. That can be executed in a cost-efficient manner with a high likelihood of success, while avoiding undue financial risk. The development and execution of strategic planning are typically viewed as consisting of being performed in three critical steps. There are Strategy Formulation, Strategy Implementation, Strategy Evaluation. The volatility of the business environment causes many firms to adopt reactive strategies rather than proactive ones. However, reactive strategies are typically only viable for the short-term, even though they may require spending a significant amount of resources and time to execute. Strategic planning helps firms prepare proactively and address issues with a more long-term view. They enable a company to initiate influence instead of just responding to situations. An increasing number of companies use strategic planning to formulate and implement effective decisions. While planning requires a significant amount of time, effort, and money, a well-thought-out strategic plan efficiently fosters company growth, goal achievement, and employee satisfaction.
The first slide presents you with an opportunity to present your strategies over several years. You can group strategies into such blocks as define, develop, ensure. This slide will be useful for financiers and economists when used in their daily work. The second slide is a strategic plan for one year. You can specify milestones and metrics for each category. For example, you can specify the average daily sales revenue, monthly cash flow, absenteeism rate, the number of new clients per manager. This slide can be used by sales managers when preparing a sales development plan. Also, the slide can be used to develop a motivation system based on KPIs. The next slide gives you the opportunity to present several options for strategies for each stage of the implementation of the strategic plan. The last slide can be used to represent the links between the various plans for the department, the overall goals of the company. Here you can show what indicators your strategic development plan of the company consists of.
The Strategic Planning template contains modern infographics that you can edit and use in other slides. The ability to quickly and easily edit our templates will allow you to prepare a stylish and professional presentation in a short time. Educators can use this template to create a strategic planning course. Strategic Planning template will be a worthy addition to your presentation collection.