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GM Systems tutorial based on DM214 Strategic planning course.A quick way to get a plan in place without a lot of fuss
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Purpose
Discuss “Strategic Planning” in burst mode (less than 20 slides).
Outline “What to do”
Discuss Companies who did not have critical items in their Strategic Plan
Examples:
Aerospace - Fairchild Republic
Semiconductor - Mostek
Automotive – Chrysler
Development Planning Process Model
Studies Planning
Programming
BudgetingImplementation
EvaluationResearches
Situation Analysis
ProjectPreparation
GoalsObjectivesTargets
PoliciesStrategies
Program Project
Identification
Investment Programming
Budgeting
Implementation and Monitoring
Evaluation
and Plan Update
Feedback Loop
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It has 8 stepsIt has 8 steps1. Situational analysis
2. Goal/ objective/ target setting
3. Policy/ strategy formulation
4. Program/ project identification
5. Investment programming
6. Budgeting
7. Implementation and monitoring
8. Evaluation and plan update
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Situational AnalysisSituational Analysis
- require the conduct of survey and research studiesrequire the conduct of survey and research studies
- the survey calls for the gathering of socio cultural, demographic, economic, physical and - the survey calls for the gathering of socio cultural, demographic, economic, physical and
natural data and information in the environmentnatural data and information in the environment
- shall also be undertaken indicating root and present performances, programs and - shall also be undertaken indicating root and present performances, programs and
projects, manpower resources, budget and buildings, facilities and equipment projects, manpower resources, budget and buildings, facilities and equipment
- the data are analyzed and projected in order to identify issues and parameters, - the data are analyzed and projected in order to identify issues and parameters,
constraints and problems, and resources and opportunities which are used as inputs in constraints and problems, and resources and opportunities which are used as inputs in
planning.planning.
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Setting of goals, objectives and targetsSetting of goals, objectives and targets
- a goal is a broad statement of an image of the future
the organization seeks to achieve.
- objectives which emanates from the goal, refers to
medium-range expectation which is pursued to satisfy
the goal
- target is the most specific statement of purpose which
is measurable and achievable.
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Policies and StrategiesPolicies and Strategies
- framed, more specific policy statements and - framed, more specific policy statements and
strategies formulated for each area of strategies formulated for each area of
concern to as social, economic, physical, concern to as social, economic, physical,
political and developmental administrative political and developmental administrative
aspects for a particular period.aspects for a particular period.
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Program and Project IdentificationProgram and Project Identification
- in order to effectively channel resources to - in order to effectively channel resources to
development programs and projects development programs and projects
considered strategic in the over all attainment considered strategic in the over all attainment
of goal.of goal.
- prioritization of program and project is done - prioritization of program and project is done
through the conduct of feasibility studies to a through the conduct of feasibility studies to a
listing of priorities viewed as responsive to listing of priorities viewed as responsive to
the development needs of the people.the development needs of the people.8
BudgetingBudgeting
- the costing of identified priority program and projects.- the costing of identified priority program and projects.
ImplementationImplementation
Actual carrying out of funded priority Actual carrying out of funded priority programs and projects by concerned programs and projects by concerned
offices and individuals of the offices and individuals of the organization or the sectoral agency of organization or the sectoral agency of
government government
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Planning PremisesPlanning Premises
1. Plan to plan
2. Expectations of major outside interest
3. Expectations of major inside interest
4. The data base
5. Evaluation of the environment and the company
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Planning Premises are divided into two types:Planning Premises are divided into two types:
Plan-to-plan and gathering substantive information needed in the
development. - substantive planning premises consist of 4 sub-steps of data gathering
known as corporate appraisal or credit.1. Collection of expectations of major outside interest groups, namely, society, community, stockholders, customers, suppliers and creditors.2. Generation of expectation of major inside interest group like managers, employees and staff.3. Collection of data about the past performances of the company, its current situation and the future.4. Analysis of strengths and witness of the organization and threats and opportunities in the environment.
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Implementation of the programsImplementation of the programs
5 - Covers the entire range of managerial activities
such matters as invitation, compensation,
management appraisal and control processes.
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Formulating PlansFormulating Plans
6. Master and program strategies
7. Medium-range programming and programs
8. Short-range planning and plans
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Implementation and ReviewImplementation and Review
9. Implementation of plans
10. Review and evaluation of plans
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Gap AnalysisGap Analysis - identification of gaps between the current
organizational performance and the desired future
- to facilitate allocation of resources and identify possible trouble spots
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Contingency PlanningContingency Planning
- developed as a response to unanticipated factors in the planning process
- initiation of several tactical and operational plans
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- information from DM214 Strategic Planning Course
Implementation and Implementation and Continuous Improvement Continuous Improvement
Derive tactical and operational plans
Make / buy / obtain resources
Implement
Continuous improvement / formative evaluation
Determine effective and efficiency. Revise / improve as required
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Examples of Strategic Plan
• See workbook for what was missing in the three sample strategic plans that led to the demise of these companies.
• Questions and Answers Session.
• If you can’t put your plan down on a piece of paper where are you? Nowhere
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About :
• Strategic Consulting, including business plan strategic plans & sales strategy development for high technology products, acquisitions and partnership.
• Proposal support, critique, evaluation and generation• Failure analysis of thin film and thick film resistors, integrated circuits and board level problems• Electronic Design engineering and software support• Technology review and research for consumer electronics, internet devices, solar energy, MEMS,
nanotechnology, microelectronics, SMT, and health care software products.