Elements and Performance Criteria
- Clarify goals and direction
- Focus, direction and structure of the enterprise are considered and accounted for in the development and review of the strategic plan.
- Need for development and change is assessed and identified.
- Competitive and collaborative factors are identified.
- Legal obligations and estate considerations are identified and considered.
- Measurable goals and targets, which are enterprise consistent, are considered and developed.
- Undertake strategic analysis
- Accurate data is accessed using reliable sources for use in review and development.
- Value chain analysis is completed for the enterprise and competitive implications are identified.
- Competitive and collaborative opportunities are analysed and assessed.
- Expansion opportunities are assessed for viability and feasibility.
- Comprehensive analysis of all relevant data and information is undertaken to formulate a viable and realistic strategic plan.
- Develop and document strategic plan
- Performance measures are clear and address all key aspects of enterprise performance.
- The implications of the strategic plan for the enterprise are identified, documented and incorporated.
- Value adding activities and opportunities are systematically introduced.
- Strategic plan initiatives and desired outcomes are clearly communicated to all relevant parties.
- Strategic performance is evaluated for gaps and strengths, and appropriate remedial action implemented.