Go offline with the Player FM app!
Strategic Planning - Best Practices
Manage episode 297594697 series 2951942
New website = RiskCommentary.ca
Foundation for ERM: you must have the best organizational planning practice you can muster.
Recap: 3 basic steps in strategic planning process
- internal
- environmental scan
- goal formulation
Three types of planning
- internal organization
- strategic
- operational
Broader schema
- to try to relate planning and management practices (Agile, Lean, ERP, etc.)
- see Robertson Strategic Planning
- review to see where you might make changes
Is strategic planning dead?
- Mintzberg’s article “The Rise and Fall of Strategic Planning“
- strategic planning is popular; yet somehow mysterious and ineffective (kinda sounds like ERM!)
- his true complaint: not predictive; focused on quantitative targets; not participatory
Recommended practices in strategic planning:
- an iterative process; participatory, involving dialogue and exchange
- well-informed by detection of trends, conditions and emergent issues
- helps promote an integrated culture
Note on the use of academic studies
Conclusions: significance of good strategic planning:
- research and discussion
- common understanding that is developed
- resulting meaningful action
Is it too much to ask that risk managers look at planning?
Summary
KEY QUOTE
“Traditional planning fails to take into account the creative processes and discoveries that generate breakthroughs.” (article ~ Wall, S. and Wall ,S.R.)
LINKS
Aldehayyat J & Anchor J (2010) “Strategic Planning Implementation and Creation of Value in the Firm”
Wall, S. & Wall, S R (1995) “The Evolution (Not the Death) of Strategy”
E. Robertson Strategic Planning: Process, Templates and Effective Implementation (2019)
20 episodes
Manage episode 297594697 series 2951942
New website = RiskCommentary.ca
Foundation for ERM: you must have the best organizational planning practice you can muster.
Recap: 3 basic steps in strategic planning process
- internal
- environmental scan
- goal formulation
Three types of planning
- internal organization
- strategic
- operational
Broader schema
- to try to relate planning and management practices (Agile, Lean, ERP, etc.)
- see Robertson Strategic Planning
- review to see where you might make changes
Is strategic planning dead?
- Mintzberg’s article “The Rise and Fall of Strategic Planning“
- strategic planning is popular; yet somehow mysterious and ineffective (kinda sounds like ERM!)
- his true complaint: not predictive; focused on quantitative targets; not participatory
Recommended practices in strategic planning:
- an iterative process; participatory, involving dialogue and exchange
- well-informed by detection of trends, conditions and emergent issues
- helps promote an integrated culture
Note on the use of academic studies
Conclusions: significance of good strategic planning:
- research and discussion
- common understanding that is developed
- resulting meaningful action
Is it too much to ask that risk managers look at planning?
Summary
KEY QUOTE
“Traditional planning fails to take into account the creative processes and discoveries that generate breakthroughs.” (article ~ Wall, S. and Wall ,S.R.)
LINKS
Aldehayyat J & Anchor J (2010) “Strategic Planning Implementation and Creation of Value in the Firm”
Wall, S. & Wall, S R (1995) “The Evolution (Not the Death) of Strategy”
E. Robertson Strategic Planning: Process, Templates and Effective Implementation (2019)
20 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.