Steps,For,Integrating,Strategy business, insurance 9 Steps For Integrating Strategy Into Your Performance Plan
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We've all challenged ourselves at some point in ourlives, whether it was a 5K run, a weight loss program, a schoolproject, and so on. The first thing we did when we decided to acceptthe challenge was to set personal goals. Those goals may have been torun the 5K in 20 minutes or to lose 20 pounds in 3 months, or to get anA on that project. Next, we developed a plan to reach those goalswithin the desired time frame. Lastly, we executed the plan. Now, ifwe're really goal oriented, we set milestones and were constantlycomparing our personal progress in relation to where we were in ourplan. The same way we (hopefully) reached those goals is the same wayan organization should integrate their strategic plan into aperformance program.Today I'm going to discuss how to integratethe strategic plan into your performance plan to ensure performancesuccess. In the example above, integrating the plan into yourperformance plan takes place during the goal setting phase, when youwere deciding what you wanted to accomplish and how you were going toget there.I've developed a Strategic Performance ManagementPlanning Process which integrates the strategic planning process intothe performance management process, giving your organization the bestchances at maximizing performance and achieving organizational goals.This methodology takes you from developing objectives, to developing aplan, to integrating your strategy into the performance managementsystem.Below are 9 steps that will help you ensure that your organizational strategy is integrated with your performance plan.1. Develop Mission, Vision and Core Value Statements2. Develop a Strategic Planning Process and Identify Organizational Objectives3. Conduct Stakeholder Identification Analysis and SWOT/SWOC Analysis4. Perform Gap Analysis5. Align Key Processes, Projects, Systems, Workforce and Budget to Strategic Goals6. Integrate Strategic Plan into Performance Management System7. Integrate the Strategic Plan to Results-Based Budgeting System8. Integrate Strategic Plan to Workforce Planning System9. Integrate All Activities Into a Performance Management SystemThese are the high level steps to integrating your corporate strategy into the performance management planning process. Article Tags: Strategic Plan Into, Strategy Into, Performance Plan, Those Goals, Strategic Plan, Plan Into, Performance Management, Planning Process
Steps,For,Integrating,Strategy