What are different strategic planning techniques?

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What are different strategic planning techniques?

A few common examples of strategic planning tools include:

  • SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis.
  • OKR (Objectives and Key Results)
  • PEST (political, economic, socio-cultural, and technological) analysis.
  • Balanced scorecard.

What are the 5 planning techniques?

Planning Techniques

  • Strategic Planning. Strategic planning aims to ensure employees and other stakeholders are all working towards a common goal and their energy, focus and resources are all aligned towards this.
  • Action Planning.
  • Tactical Planning.
  • Operational Planning.
  • Assumption-based Planning (ABP)
  • Contingency Planning.

What are the different strategies involved in business planning?

A business plan is about setting short- or mid-term goals and defining the steps necessary to achieve them. A strategic plan is typically focused on a business’ mid- to long-term goals and explains the basic strategies for achieving them. This guide sets out the basics of the strategic planning process.

What are the six keys to successful strategic planning?

6 Key Factors to Successful Strategic Planning

  • Create a Collaborative and Inclusive Process.
  • Operate Off Data, Not Assumptions.
  • Set an Expectation for Shared Responsibility and Ownership.
  • Prioritize Transparent Communication.
  • Think Past The Strategic Plan.
  • Commit To Making Changes — Especially Leadership.

What are the 6 planning tools and techniques?

Terms in this set (7)

  • forecasting. using statistical tools and intuition based on experience to predict a future state.
  • contingency planning.
  • scenario planning.
  • benchmarking.
  • participatory planning.
  • goal setting.
  • five qualities of a good goal.