Establish
a rigorous, consistent and enduring corporate and business
unit level strategic and financial planning process.
Establish
a process that builds a consistent market driven fact base
that can help business leaders understand and test the
underlying assumptions implicit in existing strategies.
Establishing this common fact base across business units will
help ensure that shared resources (technology, sales efforts)
and shared concerns (common customers) are clearly addressed
to realize their full potential for the firm.
Establish
a planning process that ensures the effective translation of
corporate and business level strategic thrusts (i.e.
Strategic Road Maps) into actionable business strategies that
reflect the resource and capability constraints of the
organization and meet the established short and long term
financial return objectives.
Establish
a mechanism for the incorporation of current strategic and
tactical initiatives at corporations, e.g. World-Wide
IS&T strategies, Logistics strategies, and R&D
strategies.
Ensure
that managers who will be responsible for the implementation
of the plans are integrated into the planning process and
understand the strategic issues and objectives.
Develop
a framework for the allocation of resources across businesses
by senior management that includes both rational and
intuitive judgment factors. Establish the
"fairness" of resource allocation processes.
Allocate resources to and monitor the implementation of
strategic programs.
Establish
and implement common formats for the presentation of business
strategic plans to facilitate comparison and consolidation to
corporate plans. Ensure the consistency of corporate,
business and functional level plans. Ensure the consistency
of long term and annual operation plans.
Monitor
performance against strategic objectives. Tie the strategic
objectives to management incentive and goal setting systems.
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