personal strategic planning march 2015

Personal Strategic PlanningBarry Cordero

1

2 | MDT Confidential

“We are more than the sum of our experiences”


What area are you going to focus on?

• Consider:– Career

– Social

– Physical

– Financial

– Other?


What is a Personal Value Statement?

• Statements defining who you are in specific categories. Potential categories:– Your family– Your profession– Your community

• Clear statements of what is important to you

• Values drive your decision making and prioritization

5 | MDT Confidential5

Why Write Value Statements?

• Statement of Guiding Principals– Assist in aligning actions– Assist your personal board in advising you

• Assist in Decision Making– Clarify gray area decisions– Leverage to save time/effort/money

• Helps to prioritize actions

• Reduce distractions, guilt or regrets


Exercise: Write Your Value Statements

Examples:•Never accept the status quo, always challenge the current state and what is possible for the future

•Physical well being is a foundation for daily success

•It is my responsibility to improve the success of my community

•I believe in financial independence and maintaining little to no debt


“The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it.” – Michelangelo

Vision


Develop a vision of the future state

• Will you be in the same career?

• Will you be in the same field?

• How will you be different in this ideal future?


What is a vision?

• For organizations: – Vision is how the world will be different because of the

work we’ve done

• For you:– Vision is how others will perceive you because of the

work you’ve done and the impact you’ve had– A summation of your notable characteristics in the future


Vision

• Different from Value Statement– Can only be one vision statement– Your overarching goal

• Purpose– Vision will focus your values on one goal– Further assists in making big decisions. (which option is

aligned with your vision?)


Create a personal “vision statement” for at least one category

• Examples: • “I will be…”• A driven Medtronic executive leader, providing

operations knowledge to key business strategy decisions

• Financially Independent with multiple sources of income but living well below my means

• In my best physical health, constantly driving to achieve a new personal fitness challenge

• An inspiring and successful leader: I play an active role in striving for success in my community


Mapping: Vision to Action

• Analyze your Vision Statement(s)

• Analyze your future state characteristics

• Work backwards to determine preceding goals and objectives


Find the path

Vision: A driven Medtronic executive leader, providing operations knowledge to key business strategy decisions

How do I get there from here?

Contract Engineer

Sr Eng. Director


Characterize “future” you

• Choose some characteristics that describe future you

• Example: Career– Key decision maker for business strategy

– Reliably independent thinker

– Excellent communicator

– Driven and inspiring


Characterize my Vision

• Specialties?

• Expertise?

• What do I need?


Work Backwards: Continue Expanding

16


Goals Overview

Task 3

Task 2

Task 1

Objective 1

Task 3

Task 2

Task 1

Objective 2

Task 3

Task 2

Task 1

Objective 3

Goal Area 1

Task 3

Task 2

Task 1

Objective 1

Task 3

Task 2

Task 1

Objective 2

Goal Area 2

Task 3

Task 2

Task 1

Objective 1

Task 3

Task 2

Task 1

Objective 2

Goal Area 3

Overall Mission/Vision

17


Identify Common Goal Areas

18


Identify Common Goal Areas

19

Find what is missing and add it


Extract Goals

• Obtain Master’s Degree

• Develop director level people and project management skills

• Obtain director level technical skills

• Grow overall work experience

20


Assign Objectives

• SMART– Specific – Detailed but understandable– Measurable – Can say if you succeeded or failed– Attainable - Achievable– Relevant – In Line with a specific goal– Timely – By when?


SMART Goals Example:

• Goal: Obtain Director Level Technical Skills– Objective 1: Obtain ASME Certification by

Fall 2013

– Objective 2: Obtain ASQE Certification by Fall 2013

– Objective 3: Complete 2 projects in New Product Development by Spring 2014

– Objective 4: Complete Medtronic Univ training and information interviews of Senior Manufacturing Directors by Spring 2013

22


Assigning Tasks

• For every Objective, assign yourself detailed, specific tasks

• Tasks are specific action items with an owner, resource allocation, etc.

• Tasks are also SMART


Assign Task Example

• Goal: Develop Speaking Portfolio– Objective 1: Complete 1 speaking engagement per

quarter in the topic of professional development through SHPE

• Task 1: Present Resume Workshop at RLDC6, April 2010• Task 2: Present “Personal Strategic Planning” Workshop at

MGT 2010, May 2010

• Task 3: Present “Interviewing as a Professional” Workshop at SHPE2010, October 2010


“Every excuse I ever heard made sense to the person who made it”


Personal Board of Directors

• Function– Stakeholders in your success

– Approve/Reject changes to Strategic Plan

– Assist in making decisions when you have competing actions

• Who?– Mentor– Family members

– Peers

26


Priorities

• Finite waking/working time/resources

• Prioritization of Values– Competing actions align with competing values– Value Categories

• Prioritization of Goals– Competing goals/objectives and tasks– Just do it


Strategic Plan Scheduling

• Determine devoted time for Tasks/Obj’s Review– Daily?

– Weekly?

• Are competing time sinks in-line with values?

• Use Software to form a Schedule (optional)– MS Project

– Omni Plan

• Use Software for Task Management (optional)– Omni Focus


Maintenance and Checkups

• Personal Board of Directors

• Approves plan• Scheduled Reviews• Assessment of

Progress• Necessary Revisions

to Initial Plan


Next Steps

• Complete your Career Development Strategic Plan– Submit for Review by your Personal BOD– Convert to PDF, Date and add revisions

• Assign tasks to your calendar• Perform quarterly assessments with

BOD and Revise your plan periodically• Celebrate completion of Goals and

Major Objectives


“It is good to have an end to journey toward; but it is the journey that matters, in the end.”

Ernest Hemmingway

personal strategic planning march 2015

Self Improvement