Respond to performance data Project Overview In this project you will be required to work as a senior manager within a fictitious organisation called the International Hotel Group Appendix 1. You will be required to develop and implement a business plan at a time where your organisation is considering substantial expansion into new markets.
OnStrategy is the leader in strategic planning and performance management. Our cloud-based software and hands-on services closes the gap between strategy and execution.
Learn more about OnStrategy here. Whereas the strategic plan addresses the what and why of activities, implementation addresses the who, where, when, and how. It is believed that implementation is as important, or even more important, than strategy.
The fact is that both are critical to success.
In fact, organizations can gain competitive advantage through implementation if done effectively. Below is a sample planning calendar that can help aid you in executing and rolling out your plan successfully.
Once your resources are in place, you can set your implementation schedule. Use the following steps as your base implementation plan: Establish your performance management and reward system.
Set up monthly and quarterly strategy meetings with established reporting procedures. Set up annual strategic review dates including new assessments and a large group meeting for an annual plan review.
Below are sample implementation schedules, which double for a full strategic management process timeline. Ideas for Successful Implementation: Communicate the strategy to everyone in your organization.
Involve your staff in the development of the plan. Assign your staff clear goals that tap into their strengths. Have your staff create the action items to support their assigned goals. Hold your staff responsible for the achievement of assigned goals. Monitor the Scorecard monthly or quarterly.
Hold a monthly or quarterly staff strategy meeting to report on the progress. Hold meetings with the team leaders, where you only discuss strategy. If something in the plan is not working, change it. Take corrective action or move to build on success.
Plan quarterly meetings where you only discuss strategy. Link strategy to performance. Make true self-assessment an ongoing practice.
Celebrate when goals are reached. Your Bi-Annual Checklist Never lose sight of the fact that strategic plans are guidelines, not rules. Every six months or so, you should evaluate your plan implementation by asking these key questions: Will your goals be achieved within the time frame of the plan?
Should the deadlines be modified? Are your goals and action items still realistic? Should your goals be changed? What can be gathered from an adaptation to improve future planning activities? Download the Complete Guide to Strategic Planning today.
We never share your info. Common Pitfalls Here is a list of lessons that are usually learned the hard way.who we are About Us. CAQA, the abbreviation of Compliance and Quality Assurance, is a Career Calling International Initiative. We create training and assessment . First, you may need an Implementation Plan to describe the overall plan for how to implement process and tools in an organization across individual projects.
This plan covers process, tools, and training, and normally spans several software development projects.
BSBMGTA: Develop and implement a business plan: BSBMKGB: Identify and evaluate marketing opportunities: Research and analyse client and industry information for a broking risk assessment: FNSIBKA: Implement an agreed insurance program for a broking client: Develop and implement risk mitigation plan: FNSRSKA.
How to Develop a Business Growth Strategy. Too often, companies take a year to develop a strategy and, by the time they're ready to implement it, the market has changed on them, says McFarland.
Develop a roadmap for the success of your business by writing an effective strategy. Make your vision statement today! Develop a roadmap for the success of your business by writing an effective strategy. Make your vision statement today!
Developing Your Strategy. By the Mind Tools Content Team. You won't have to re-invent the wheel when you create a business plan for a new venture -- many organizations offer tips, advice and even sample plans you can use to get started.