Your organization-wide strategy is fine, but there’s one area in your business environment (or internal process) that needs to be realigned with your strategy. Local Government Victoria provides a range of planning and reporting guides and templates to assist councils with planning, budgeting and reporting. 7.6 The University’s Operational Plan is a third tier plan that outlines the key initiatives and targets for the University on an annual basis. It gives every employee a clear goal to keep in mind while accomplishing tasks and measures. If your organization is able to create a blue ocean, it can mean a massive value boost for your company, its buyers, and its employees. A Strategic Resource Plan for a period of at least four years that must be included in the Council Plan. Approve and amend Operational Plan; and By continuing, you agree to our cookie and privacy policies. PREFACE All local governments are currently required to produce a plan for the future under S5.56 (1) of the Local Government Act 1995 (the Act).It is intended that regulations will be made under S5.56(2) of the Act to briefly They are simply three year or five-year rolling resource budgets and some sort of market share projection. Strategic planning may be utilized on a large scale, such as planning for business growth over several years or to help a nonprofit or … USC acknowledges the Traditional Custodians of the land on which its campuses sit. Approve minor amendments to correct omissions or inaccuracies to Strategic and Top Level Plans; A strategy map is a visual tool designed to clearly communicate a strategic plan and achieve high-level business goals. You begin by setting OKRs at the employee level and then flow upward through the management levels. It is primarily used to identify specific internal deficiencies. Over the years, we’ve helped hundreds of clients beat the odds in the strategy planning … Read through each of the models or find the ones you're looking for from the list below and jump right to them. A Budget for each financial year. 6.2 The University’s planning process will be led by the Vice-Chancellor and President with the participation of the University Executive, Council, Academic Board, and Planning and Resources Committee, and will be informed by an assessment of the University’s internal and external environments and by consultation with staff and other stakeholders. The five forces it examines are: The amount of pressure on each of these forces can help you determine how future events will impact the future of your company. 7.4.1 Top Level Plans, and any amendments to them, must be approved by Council (after review by the Planning and Resources Committee), except that minor amendments to correct omissions or inaccuracies may be approved by the Vice-Chancellor and President and reported to the next scheduled meeting of Council. Monitor performance of the action plans. Approve department/school action plans and amendments to the plans; and For the sake of example, the screenshot below is from ClearPoint’s reporting software. Approve and amend support plans; and If you are set on pitching a particular strategic planning model to management, be prepared to give your boss or board of directors an example of another successful company that has utilized that particular model. (‘Approving body’). An actual demonstration of success will make a somewhat abstract concept become more concrete. Download one of these free templates to put your planning process in play instantly. From there, your planning process is about how to ‘close the gap.’. It’s primarily used by organizations that need to be more reactive, and perform strategic planning in “real time.” For these companies, detailed, long-term plans tend to become irrelevant within the typical three- to five-year planning cycle because the environment they operate in rapidly changes. Top Level Plans will complement and augment the Strategic Plan and should link strategy to operation. Through the establishment and maintenance of the Planning and Reporting Framework, the University will undertake strategic and operational planning to assist it to: a. realise its vision and achieve its goals on an ongoing basis; b. integrate planning, risk, reporting and budgetary processes; c. behave proactively rather than reactively; and. 2.3 These principles are illustrated in the Planning and Reporting Framework diagram included in the Planning and Reporting Framework – Governing Policy. 7.3 The Strategic Plan includes the University’s vision, sets the long-term direction of the University and articulates major University level priorities over a four-year period. The Framework came into practice in 2009 and many councils have refined the way they create and review these plans over the subsequent years. LGV does not intend to issue templates in the short-term but will support and facilitate sector development of resources and materials. Top Level Plans. Procurement Then you’ll identify which parts of operations are working well and which are not, brainstorming ideas from the successful aspects on how to address problems. From there, stakeholders will create action plans for each goal and begin tracking and measuring progress. 2.1 Step 1: Set the strategic planning direction. Similar to issue-based planning, the alignment model focuses on first looking internally to develop a strategy. In addition, sections includes links to related, additional information to help the reader fill out that section of the framework. Many nonprofits use this model—for example, a disaster relief agency needs the ability to respond quickly and adapt its strategy to immediately address a crisis. 7.10 To address principles of transparency and accountability and ensure compliance with legislative obligations, the University will embed regular reporting processes at all levels of the planning and reporting framework to monitor performance and achievement of organisational objectives. It includes feeding results into the official annual planning and reporting documents: Reports on Plans and Priorities and Departmental Performance Reports. For the first level, you’ll define the organization’s mission, vision, market position, competitors, trends, etc. (in accordance with the approved USC organisational structure). Strategy Map. reporting framework. (member of University Executive). (There are many models for strategic planning -- this framework is for conducting a goals-based plan.) Your strategic planning will start by identifying a goal and analyzing which operations or resources need to be aligned with that goal. The Balanced Scorecard is a strategy management framework created by Drs. For example, Kim and Mauborgne explain via their 2004 Harvard Business Review article how Cirque du Soleil didn’t attempt to operate as a normal circus, and instead carved out a niche for itself that no other circus had ever tried. 7.9 Within the framework of approved plans, University policies and procedures, and allocated budgets, Senior Staff are given a high degree of flexibility in decision-making. Strategic planning is a review and planning process that is undertaken to make thoughtful decisions about an organization’s future in order to ensure its success. Gap planning is also referred to as a “Need-Gap Analysis,” “Need Assessment,” or “the Strategic-Planning Gap.” It is used to compare where an organization is now, where it wants to be, and how to bridge the gap between. If you are evaluating different approaches, I would recommend thinking about both creating your strategic plan and also executing on your plan. The PEST model is often used in conjunction with the external factors of a SWOT analysis. Goal-based planning tackles that challenge by setting measurable goals that align with your vision and strategic plan. Terms and definitions identified below are specific to this policy and are critical to its effectiveness: Consultation process means the provision of opportunity to contribute ideas and suggestions, Monitoring means systematic overview of the implementation of a University plan. We use cookies to give you the best experience on our site. Real-time strategic planning involves three levels of strategy: organizational, programmatic, and operational. This strategic management model is less focused on measures and more on goals and initiatives. The idea behind Blue Ocean Strategy is for organizations to develop in “uncontested market space” (e.g. SWOT Analysis Template (+ Seven Other Strategic Planning Templates), PEST Analysis Template (+ Seven Other Strategic Planning Templates), Gap Planning Template (+ Seven Other Strategic Planning Templates), Blue Ocean Analysis Template (+ Seven Other Strategic Planning Templates), Porter’s Five Forces Template (+ Seven Other Strategic Planning Templates), VRIO Analysis Template (+ Seven Other Strategic Planning Templates). The Hoshin Planning approach aligns your strategic goals with your projects and tasks to ensure that efforts are coordinated. The strategic planning model of choice for Google, Intel, Spotify, Twitter, LinkedIn, and many other Silicon Valley successes, the OKR framework, is one of the more straightforward strategic planning tools. The final operational level analyzes internal processes, systems, and personnel to develop a strategy that addresses “in-house” strengths and weaknesses. Relevant member of Executive At a glance, you can tell what the RAG status of each objective, measure, or initiative is. (member of University Executive). In addition, support plans (or specific purpose plans) may be developed as subsidiary plans to first and second tier plans. Not sure how to tackle this big job? 6.1 The University will adopt a systematic approach to planning based on: a. development of action directed towards the realisation of the University’s Vision and strategic priorities, b. effective risk and resource management strategies, c. effective accountability processes including reporting on plan outcomes and. The OKR framework is also effective because goals are continually set, tracked, and re-evaluated so organizations can quickly adapt when needed. The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes. What is Strategic Planning? The Framework came into practice in 2009 and many councils have refined the way they create and review these plans over the subsequent years. Put your strategic plan into practice. We recognise and pay respect to Elders past, present and emerging. Strategic planning is an organization’s process for defining their strategy so that they can accomplish specific goals and objectives. LGV has developed a draft integrated strategic planning and reporting framework (‘the framework’) for consideration by councils. It See a strategic planning model you like? A strategy map offers a host of benefits: See Also: A Strategy Map Template For Medium-Sized Companies. Most notably, it is: Dynamic and iterative. Searching {{ model.searchType }} for returned no results. Integrated Planning and Reporting Strategic Planning Framework Short Guide Integrated Planning and Reporting Strategic Planning Framework Short Guide (pdf) (483 KB) pdf. The Strategic Framework covers a period of two consecutive calendar years and serves as the basis for programme planning, budgeting, monitoring and evaluation. You’ll occasionally see the PEST model with a few extra letters added on. Council or Vice-Chancellor and President as appropriate You want your department to be able to see their goals and the steps to achieve them. The issue-based strategic model is oriented in the present and projects into the future. Similar to the organic model, real-time strategic planning is a fluid, nontraditional system. It is therefore important that institutions focus on the achievement of outcomes oriented planning and report the results in a simple and clear manner. Calling this strategic planning creates false expectations that the exercise will somehow produce a coherent strategy.” Approve minor amendments to correct omissions or inaccuracies to the Operational Plan; and Integrated Planning and Reporting Framework and Guidelines p7. Each plan contains and entire strategic plan including mission, vision, long-term strategic priorities, key performance indicators, annual goals, and cascaded actions items. Pro tip: To search, just start typing - at any time, on any page. Strategy is a framework of plans or methods that help and organization to achievement of the main objective. The Integrated Planning and Reporting (IP&R) framework changed the way Councils in NSW planned, documented and reported on their plans for the future. Four directional quadrants (north, south, east, west) inform each other and demonstrate alignment. See Also: VRIO Analysis Template (+ Seven Other Strategic Planning Templates). Like SWOT, PEST is also an acronym—it stands for “political, economic, sociocultural, and technological.” Each of these factors is used to look at an industry or business environment, and determine what could affect an organization’s health. Strategic planning is a team process that sets up how your company will accomplish its goals. Next, you define time frames for goal achievement. Some sources cite up to seven steps in the Hoshin Planning model, but the four most critical are: You visualize your objectives, measures and targets, measure programs, and action items in a Hoshin Planning matrix. This is a long-term strategic planning tool, so goal time frames are typically about three to five years. These plans articulate strategies to enable our students to succeed or align resources to priorities. Responsible officer This devolution of responsibility recognises that Senior Staff are responsible for management of risks and the achievement of plans in an often dynamic environment and that operational management decisions are most appropriately made at the organisational unit level. STEEPLED is another variation, which stands for “sociocultural, technological economic, environmental, political, legal, education, and demographic.”, See Also: PEST Analysis Template (+ Seven Other Strategic Planning Templates). The MRF provides the framework for monitoring and reporting on progress in achieving the MSA Program's outputs and outcomes. d. effectively discharge its responsibilities in accordance with its legislative requirements. Prepare performance reports as required; and This is typically a short-term (6-12 months), internally-focused process. 1901 N. Moore Street, Suite 502 | Arlington, VA 22209 | 866-568-0590 | [email protected], Copyright © 2020 Ascendant Strategy Management Group LLC d/b/a ClearPoint Strategy |. Strategy mapping is a major part of the Balanced Scorecard (though it isn’t exclusive to the BSC) and offers an excellent way to communicate the high-level information across your organization in an easily-digestible format. The book—titled “Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant”—was written by W. Chan Kim and Renée Mauborgne, professors at the European Institute of Business Administration (INSEAD). A SWOT analysis (or SWOT matrix) is a high-level model used at the beginning of an organization’s strategic planning. University Plan means a plan that is the University’s Strategic Plan, or a University-wide thematic plan derived from the Strategic Plan (Top Level Plan), or the University’s Operational Plan, or a plan for the operation of one or more organisational units (action plan) or a performance and development plan for an individual staff member prepared as part of Performance Planning and Review. The Ansoff Matrix, also known as the Ansoff Product and Market Growth Matrix, was … template, as well as a potential road map for developing a strategic planning framework for SUBR. Diagram 1 – Planning and Reporting Framework 7.2 Different types of plans require different level of details but at a minimum strategic, top level and operational plans should include goals, performance indicators, performance targets and timelines. That’s a great question—and the answer isn’t cut and dried. Monitor performance of the Operational Plan. By nature, vision statements are aspirational and forward-thinking, but they need specifics in order to be realized. Please refer to the University’s Glossary of Terms for policies and procedures. This is a fast-paced, iterative approach that flips the traditional top-down strategic models. One year before the beginning of the fiscal year, Endnote 5 the EMB sets the strategic planning direction for the upcoming ISPP cycle. 7.2 Different types of plans require different level of details but at a minimum strategic, top level and operational plans should include goals, performance indicators, performance targets and timelines. It takes into account your: There are many ways you can create a Balanced Scorecard, including using a program like Excel, Google Sheets, or PowerPoint or using reporting software. Here’s how to think of each of the four VRIO components: Once you answer these four questions, you’ll be able to formulate a more precise vision statement to help carry you through all the additional strategic elements in your plan. Monitor performance against these Plans. The Malcolm Baldrige National Quality Award is “the highest level of national recognition for performance excellence that a U.S. organization can receive.” Created in 1987, the goal of Baldrige is to help organizations innovate and improve, while achieving their mission and vision. Approve minor amendments to correct omissions or inaccuracies to support plans; 1f. Linkage should also apply to any additional (immaterial) information provided outside the ... a principles based framework. It is an acronym for “strengths, weaknesses, opportunities, and threats.” Strengths and weaknesses are considered internal factors, and opportunities and threats are considered external factors. The VRIO framework is an acronym for “value, rarity, imitability, organization.” This strategic planning process relates more to your vision statement than your overall strategy. Below, we’ll walk through the three critical phases: Prepare for strategic planning. The operational plan will demonstrate how the University will support the delivery of its strategic objectives within the allocated budget. Use a Department Business Plan Dashboard. Measurement, analysis, and knowledge management. See Also: Porter’s Five Forces Template (+ Seven Other Strategic Planning Templates). 7.5 Support plans are plans that are subsidiary to first and second tier plans, the number and focus of which may be determined by either Council or the Vice-Chancellor and President from time to time. Below is an example SWOT analysis from the Queensland, Australia, government: Using a SWOT analysis helps an organization identify where they’re doing well and in what areas they can improve. The action plans will demonstrate how the School/Department will support the delivery of its strategic objectives within the allocated budget. 3.1 Under Section 61 of the Financial Accountability Act 2009 the University is required to undertake planning (including both strategic and operational plans) and budgeting for the University which is appropriate to its size. The strategic planning and reporting framework in the new Act builds on pre-existing local government practices and processes. (Green indicates everything is going as planned, while yellow and red indicate that there are various degrees of trouble with whatever is being looked at.). See Also: SWOT Analysis Template (+ Seven Other Strategic Planning Templates). These plans serve as actionable road maps to success. There are a lot of strategic planning models out there. They are developed based on a rolling triennial approach with the primary focus being the first year. The 2020-2025 Strategic Plan is activated by our Planning and Reporting Framework via a clearly articulated planning and accountability structure that integrates with and is applied to all levels of Planning and Reporting to ensure UOW achieves our 2025 strategies and objectives to progress our 2030 and Beyond vision. Prepare Top Level Plan’s performance reports for Council; and The organic model takes an unconventional approach because it focuses on the organization’s vision and values, versus plans and processes. a blue ocean) instead of a market space that is either developed or saturated (e.g. The guidance states that . 7.4 Top Level Plans are second tier plans, the number and focus of which will be determined by Council from time to time, and the Vice-Chancellor and President will nominate a responsible officer (sponsor) for each Plan. Tweet us @clearpointstrat, and let’s get your strategy up and running. If your organization has a large, diverse group of stakeholders that need to find common ground, a vision that will take a long time to achieve, and a strong strategic emphasis on vision and values (instead of structure and procedures), this may be the right model for you. Performance reporting is a key part of our strengthening councils program. It explains the strategic planning process and gives tips on how to create a successful reporting guide. The FSAPP was written to be read in conjunction with the Framework for The strategic planning principles contained in the Local Government Act 2020 require councils to adopt an integrated approach to planning, monitoring and performance reporting. This document sets out a framework to align strategic and annual performance planning with emphasis on the outcomes oriented monitoring and evaluation approach led by the Presidency. d. continuous improvement of planning processes. These plans are generally University-wide plans which may be developed to articulate specific strategies or align resources to priorities, and the Vice-Chancellor and President will nominate a responsible officer for each Plan. The Integrated Planning and Reporting Framework and Guidelines have been developed as part of the State Government's Local Government Reform Program. 7.6.1 The University’s Operational Plan is approved by the Vice-Chancellor and President annually for the following financial year. Each section includes directions. Looking at all three levels as a whole, strategy leaders can form criteria for developing, testing, implementing, and adapting strategies on an ongoing basis, allowing for quick and thoughtful responses when needed. Achievement of the Operational Plan ; and Monitor performance of the framework or stakeholders identify the major and. Has several defining characteristics that set it apart from other strategic planning is a,... 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2020 strategic planning and reporting framework