An enhanced strategic planning process is provided in the Integrated Enterprise Excellence (IEE) Business Management System. In IEE, targeted strategies are determined analytically so that organizational strategic efforts will benefit the big picture financials.
Strategic Planning Process in an Enhanced Business Management System: Description
In business management, strategic planning often is step 1, With this process, strategic statements can be created in an off-site executive retreat; however, often these developed strategies are not analytically determined and not specific; e.g., we are to be the best of the best. The IEE system addresses this strategy creation issue.
In the 9-step IEE Business Management System, Step 5 addresses the creation of targeted strategies :
In the IEE system, created strategies (step 5) are to have been analytically determined (step 3) to improve the financials (step 4).
An Enterprise Improvement Plan (EIP) can then be created to align process improvement efforts (step 7) to these created strategies (step 6).
For the EIP below, it can be noted that the columns have a hierarchy structure were:
- business goal (step 4) leads to
- strategies (step 5) leads to
- high potential area (step 6)
- projects (step 7)
The IEE strategic planning process is described more in the webinar below.
Strategic Planning Process in an Enhanced Business Management System: Webinar
Does it appear that some strategic plans sound more like vision statements than actual strategies? It may be because many strategic plans are generated by committees using brainstorming and other opinion based tools. These methodologies are considered Lean Six Sigma DMAIC measure-phase tools.
Have you considered using the define-phase concepts instead? This webinar walks through the use of many DMAIC define-phase tools along with a few others that you can use to support a strategic planning session for your organization.
From this recorded webinar (that requires no sign in), you will be able to quickly see that these Lean Six Sigma tools could be used to eliminate the vision-type strategies from ever making it out of the session.
Strategic Planning Process in an Enhanced Business Management System: Video
The IEE Business Management System with its strategic planning and improvement system addresses the issues described in a 1-minute video:
Contact Us to set up a time to discuss with Forrest Breyfogle how your organization might gain much from an Integrated Enterprise Excellence (IEE) Business Process Management System and its strategic planning methodology.