Strategic management planning (SMP)

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Strategic management planning (SMP)
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Thinking outside of the box
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What is the difference between a plan and a
strategic management plan?

• A Plan is what we want to do.
• An SMP sets out not only what we want to do but
  how were going to do it.
• Example shopping

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How many of you have a plan for your life?
But are they strategic management plans? We
would now like to share with you the steps used
in developing a strategic management plan.
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Step 1- Initiate and agree on a Strategic
Planning Process

• You have to identify the benefits for having a
• strategic management plan for your
  life/organization
• and the key people to be involved in the drawing
  up
• of the SMP.

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Step 2- The Identification of the Organizational
Goals

• You must identify what goals you want to achieve
  in your strategic management plan.
• to be a goal it must be

S pecific, M easurable A chievable R ealistic T
ime bound
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Step 3- Develope a mission statement

• The mission statement sets out how you will
  achieve your goals.

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Step 4- You must do a SWOT exercise

• The SWOT exercise helps you to look at your
• Strengths
• Weaknesses
• Opportunities
• Threats

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Step 5- the establishment of a vision statement

• The Vision statement will clearly say where it
  is you want to be having successfully carried out
  your strategic management plan

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Step 6- Review the developement of your strategic
management plan

• For learning outcomes!

Why?
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The conclusion

• We hope that having heard what we have just said
  will encourage you to develope a strategic
  management plan, because it will also help you
  and your organization to save money, time,
  energy, as well as challenge and motivate you to
  be successful in all that you do.

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Thanks to Mr. Hoffman and the IPW-Team for all
their hard work in making this week such a great
success
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THE END

• Finally thank you all here
• today for your attention.