Vision Development
“Vision” is a statement that describes how the organization want to be in the future. It involves answering the following questions:
- What are the goals and success targets that the organization seeks to achieve?
- What would the organization accomplish, if the conditions for success are met?
- What is the future image that the organization seeks to establish in its line of business?
Mission Development
“Mission” is a statement that describes what is the core business of the organization. It involves answering the following questions:
- (What) is the main mission of the organization?
- (Who) are the beneficiaries of organization’s service?
- (How) is this service is performed and the means to deliver it?
- (Why) are the main reasons for the existence of the organization?
SWOT Analysis
Analyzing the organization’s Strengths, Weaknesses, Opportunities, and Threats is an essential task to be accomplished before defining the organization’s strategy. these parameters are determined in order to identify what options are available to go through with the highest chances to success and lowest risks to fail.
Strategic Planning
It is the activity that involves all stakeholders to select the suitable options for the organization by identifying priorities, focus on resources, strengthen opportunities, avoid weaknesses and threats. This process involves creating:
- Strategic Objectives.
- Key Performance Indicators .
- Strategic Initiative.
Strategy Execution
Strategy execution involves turning the strategic plan into actionable items “initiatives, projects, and tasks” that are translated into work and efforts that results in the desired strategic objectives. During this process, project progress is recorded and its output is reflected on the KPIs, that in turn reflect on the strategic projects and hence the overall strategy.