Business Strategy and Planning
Purpose
- Write measurable objectives for sustaining and improving the business in the areas of
- Administration
- Management
- Personnel
- Purchasing and Procurement
- Sources of Business
- Client Management.
- Review actual performance against these objectives.
- Modify and update written objectives, to continually improve performance
Background
Strategic planning can include preparation of:
- budget
- local policies
- performance analysis
- marketing plans
- market feedback reports
- development plans
- business plan
- human resource planning
- replacement of staff (succession planning)
- training (multi- or cross-skilling)
- staffing levels.
Review outcomes can include:
- new services
- service improvement
- productivity improvement
- identification of training needs
- re-allocation of resources
- changes in marketing
- changes to Management Systems.
Scope
All Management and Executive
Procedure
Timing of strategic and business planning is:
Operations Planning : monthly – projected for the quarter.
Business Planning : One Year
Strategic Planning : One to three years out
The timing for the 12-month cycle for Strategic and Business Planning is:
|
MARCH |
Print and circulate Business and Strategic Plan Develop Budget for next financial year Forecast result for current year |
|
APRIL |
Finalise Budget |
|
MAY |
Approve Business Plan and Budget |
|
OCTOBER |
Review Business Plan and forecast Year End |
|
JANUARY |
Review Business and Strategic Plan |