Strategic Planning and Human Capital Management
Strategic planning is an organisation’s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. This involves both its capital and its people resources. Setting a strategic direction for the organisation for the next 3 to 5 years with the Maxumise Human Capital Management approach involves developing a realistic and achievable future for your organisation. The process includes reviewing and/or developing a clear direction, aligning the company vision and mission, developing supporting objectives and determining the performance and capability frameworks to achieve your goals. Strategic planning is the formal consideration of an organisation’s future course and deals with:
- What do we do?
- For whom do we do it?
- How do we excel?
In order to determine where it is going, the organisation needs to know exactly where it stands, then determine where it wants to go and how it will get there. The resulting document is called the “Strategic Plan” a living document that should be referred to regularly and it drives the organisation forward. It is a key component of corporate governance. The true value of a Maxumise strategic planning workshop is to develop a deep understanding of the nature of your organisation and how it impacts its key stakeholders. This understanding enables you to determine what the most valuable and important goal of your organisation today and where it should be headed in the future. This may sound obvious, but people in organizations are often not on the same page. One strategic planning session in Western Australia had seven executives and each one had a different direction in mind. Your organisation is the people who make it. They are the most integral component of your strategic plan. Outlining your objectives and your players allows you to plan a path into the future that keeps your most valuable assets growing in the right direction. With our strategic reporting expertise, we can help you identify the performance and capability frameworks required for success, what metrics to track, and how to measure success.
Combined with Performance Management and Strategic Reporting, your organization will be equipped to meet the demands of the present as well as prepare for the future.
Email Maxumise to find out how we can help you with your strategic planning.