A key function of the Management Committee is to determine the direction and scope of the organisation over the longer term. This is usually reviewed on a 3 or 5 year basis through a process called strategic planning.
What is strategic planning?
Strategic planning is the process of:
The Management Committee of the organisation has the responsibility for both establishing and protecting the overarching purpose, fundamental values and ethical principles which govern the activities of the organisation. These are often referred to as the vision, mission and values. Your vision, mission, and values form the foundation of your organisation and its planning for the future.
Having reviewed your current situation and the challenges and changes which will affect your future development, the next stage in strategic planning is to come to a common agreement regarding what the future should look like.
To answer this question you will need to clarify:
your priorities for the next 3 to 5 years;
your strategic aims (long-term goals); and
Strategic objectives give an idea of key activities that are required in order to achieve the long term, strategic aims.
Use this exercise to help you develop your strategic objectives through discussion.
The next step in developing a strategic plan is to work out how to get from where the organisation is at present, to where it wants to be in the future.
Creating a roadmap for achieving the strategic objectives will involve the management committee in:
- Setting objectives;
- Resourcing the organisation;
- Agreeing or approving operational/work plans; and
- Ensuring appropriate systems and structures are in place.
Your objectives outline how each aim will be achieved. They should be SMART:
Every organisation should have a written plan for its future development, documenting the outcomes of the strategic planning process. Your plan should outline how the organisation plans to achieve its aims and objectives. It should demonstrate that there is effective control and management of the organisation by including a governance section with examples of controls.
The final step in any planning process is to monitor and evaluate progress. The same way as you check the signposts along a road when completing a journey, it is similarly important to check that development is on track.