A strategic plan is about thinking, organizing, and predicting, based on thoroughly grounded research and documentation. From your previous coursework of developing an outline, conducting a SWOT/PEST analysis, and developing a budget, you have the basis for compiling a full and complete strategic plan for your chosen organization.
Your strategic plan must consider the appropriate elements, depending on whether your plan is for a program or agency in a government, for-profit organization, nonprofit organization, or hybrid organization. Accordingly, your strategic plan will recognize the priorities, goals, and objectives of the appropriate organization. Remember that a normal timeframe for a strategic plan is five years, and for a short-range plan up to five years.
For this assignment, create a strategic plan for your chosen organization. Your plan will have nearly all of the following components (headings), depending on whether you are preparing a public sector, private sector, civil society sector, or mixed (hybrid) plan. Include the following:
· Format Structure:
. Executive Summary.
. Board Authorization of Strategic Plan (in the case of a corporation).
. Organizational Description.
. Mission, Vision, and Values.
. Goals and Strategies.
. A. Action Planning (including objectives, responsibilities, and timelines).
. B. Description of Strategic Planning Process Used.
. C. Strategic Analysis Data (external analysis, internal analysis, and list of issues).
. D. Goals for Board Committees and Chief Executive Officer.
. E. Staffing Plans.
. F. Operating Budgets.
. G. Financial Reports (budgets, statements, etcetera).
. H. Monitoring and Evaluation of Plan (criteria, responsibilities, and findings).
. I. Communicating the Plan.
Your narrative for this assignment should include the following:
· Develop a realistic budget for your chosen organization.
. Explain what makes it realistic.
· Apply strategic planning theory to your organizational strategic plan.
. Explain which theories are most relevant to your plan, and why they are important.
· Assess the mission and vision relationship to expected outcomes for your chosen organization.