1.1.1 strategic planning
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1.1.1 Strategic Planning. January 9th, 2012 Tim Holland, CEO/President Aman Sangha, Business Analyst/CI. What we do? - PowerPoint PPT PresentationTRANSCRIPT
Graco Supply & Integrated ServicesGraco Supply & Integrated Services
1.1.1 Strategic PlanningJanuary 9th, 2012
Tim Holland, CEO/PresidentAman Sangha, Business Analyst/CI
Graco Supply & Integrated Services
What we do?
Distribution, Packaging and Vendor Managed Inventory Services of Industrial/Specialty Supplies such as Adhesives, Sealants, Paint and Composite Manufacturing Materials for the Aerospace and Composite Structure Industries.
Graco Supply & Integrated Services
Who we are?• Serviced Aerospace Industry Since 1959• Owner Change 2011• Revenue 2010 ~ $40 MUSD• AS9100/AS9120 Certified, NADCAP Accredited• Headcount 77 FTE• Locations
– Fort Worth, TX (HQ)– Wichita, KS– Tulsa, OK– Ball Ground, GA– High Point, NC
Graco Supply & Integrated Services
1.1.1 Strategic Planning
Preparation SWOT Planning Session Deployment
STRATEGIC PLANNING
Compile strengths, weaknesses, opportunities, and threats from customers, suppliers, and employees
Customer Interviews/SurveysEmployee Interviews/SurveysSupplier Interviews/Surveys
Confirm participants and assignments
Financial AnalysisOperations AnalysisTechnology AnalysisMarkets AnalysisCompetitive AnalysisStandards – AS9100, SEA
Report OutsSWOTVisionMissionGoals & TimetablesScorecardTargetsObjectives – Action PlansValue StreamsChampionsProcess Owners
Employee MeetingsSupplier MeetingsCustomer Meetings
Department & Individual Goals
RewardRecognitionCommunication
1.1.2 1.1.31.1.41.1.5
1.1.1 Strategic Planning Process – How does your organization accomplish its strategic planning? What are the key process steps and who are the participants? How do you ensure that the process addresses strengths, weaknesses, opportunities, and threats; major shifts in technology, markets, and competition? How are standards such as AS9100 integrated into the planning process? What are your key strategic goals and timetables?
Purpose: to define and deploy the most important strategic priorities to drive performance improvement.
Graco Supply & Integrated Services
Process:This process is owned and lead by the
CEO/President and includes the senior management team members.
The Strategic Planning process is repeated on an annual basis. At the end of each fiscal year (March – February) the annual plan for the next year is created.
Graco uses “Gazelles – One-page Strategic Plan”.The plan is shared with all employees through 1.1.2
Leadership Communication Process, 55GS03-01.
Graco Supply & Integrated Services
3-5 Year Plan
Annual Strategic Planning Meeting
Quarterly Tactical Plan
Budget Planning Process
Note 1
Note 2 Note 3
Annual Strategic Plan
3-5 Year Plan
Valid?
Yes
Update 3-5 Year Plan
No
Complete Annual Plan for
next Fiscal Year
Quarterly Planning Meeting
Annual Plan
Valid?
Yes
Update Annual Plan
No
Business results
Complete Plan for Next Quarter
Review Last Quarter's Results
Note 1: This includes defining Core Values/Beliefs, Purpose of business, Actions to fulfill purpose/values/beliefs, BHAG, 3-5 Year Targets, Key Thrusts/Capabilities (3-5 year priorities), KPI’s and Brand Promise.Note 2: Goals for one year, Financial plan, Key Initiatives (1 year), 1 or 2 Critical Numbers to focus on, SWOT analysis. Annual ThemeNote 3: Quarterly Financial Plan, Quarterly Priorities (Rocks – To support annual priorities), 1-2 Critical Numbers, Quarterly Theme, Celebration Reward, Quarterly Accountabilities.
Graco Supply & Integrated Services
•Adopted “Gazelles” One-Page Strategic Plan.•Gazelles was founded by Verne Harnish in 1996 (Author of: Mastering the Rockefeller Habits)
Graco Supply & Integrated Services
Graco Supply & Integrated Services
Long term planning, 3-10 years3-5 Year Plan
Annual Strategic Planning Meeting
Quarterly Tactical Plan
Budget Planning Process
Note 1
Note 2 Note 3
Annual Strategic Plan
3-5 Year Plan
Valid?
Yes
Update 3-5 Year Plan
No
Complete Annual Plan for
next Fiscal Year
Quarterly Planning Meeting
Annual Plan
Valid?
Yes
Update Annual Plan
No
Business results
Complete Plan for Next Quarter
Review Last Quarter's Results
Graco Supply & Integrated Services
Annual planning3-5 Year Plan
Annual Strategic Planning Meeting
Quarterly Tactical Plan
Budget Planning Process
Note 1
Note 2 Note 3
Annual Strategic Plan
3-5 Year Plan
Valid?
Yes
Update 3-5 Year Plan
No
Complete Annual Plan for
next Fiscal Year
Quarterly Planning Meeting
Annual Plan
Valid?
Yes
Update Annual Plan
No
Business results
Complete Plan for Next Quarter
Review Last Quarter's Results
Graco Supply & Integrated Services
3-5 Year Plan
Annual Strategic Planning Meeting
Quarterly Tactical Plan
Budget Planning Process
Note 1
Note 2 Note 3
Annual Strategic Plan
3-5 Year Plan
Valid?
Yes
Update 3-5 Year Plan
No
Complete Annual Plan for
next Fiscal Year
Quarterly Planning Meeting
Annual Plan
Valid?
Yes
Update Annual Plan
No
Business results
Complete Plan for Next Quarter
Review Last Quarter's Results
Quarterly planning
Graco Supply & Integrated Services
Thank You!Tim Holland: [email protected]
Aman Sangha: [email protected]