1st Edition

Strategic Planning, Execution, and Measurement (SPEM) A Powerful Tool for CEOs

By Girish P. Jakhotiya Copyright 2013
    293 Pages 31 B/W Illustrations
    by Productivity Press

    293 Pages
    by Productivity Press

    Although there are countless books available on strategic management, there are few, if any, that supply practical coverage of strategic planning, execution, and measurement—until now. Considering the entire value chain, this book covers the complete process of strategic planning, execution, and measurement.

    Based on three decades of field-tested experience, Strategic Planning, Execution, and Measurement (SPEM): A Powerful Tool for CEOs provides both a consultant’s view and an entrepreneurial approach to strategic planning, execution, and measurement. Walking you through the process, it begins by defining world-class status, visions, missions, business models, and value chains. Next, it discusses the two most important prerequisites of strategic planning and includes a questionnaire to help you evaluate operations, systems, and structure in your organization.

    The book provides a matrix of 25 parameters for assessing the status of your organization that can help to pinpoint the perceptional gaps between top executives and owners. It includes a strategy bank with 150 generic strategies in the five performance areas of business and identifies methods for monitoring strategy execution that provide early warning signals. It also introduces the Entrepreneurial Score Card, a tool for improving the impact of strategic planning and execution in your organization.

    Detailing the structure and preparation process for the strategic plan, the book illustrates the financial impact of strategy execution and explains the various financial monitoring parameters used in the performance cards of individual employees. It concludes by describing an entrepreneurial approach to strategic planning and with a comprehensive case study that illustrates the entire strategy formulation process and its conversion into an annual budget.

    This book is ideal for CEOs, CFOs, COOs, business owners, heads of business verticals, heads of corporate planning or strategy, functional heads, teachers, students, and practicing consultants in the area of strategic planning.

    Strategic Planning: A Tool for Reaching World-Class Status
    Defining World-Class Status
    Gaining World-Class Status
    Benefits of Strategic Planning
    Fundamental Factors Defining Scope of Strategic Planning
         Institutionalization of Vision and Mission
         Example 1.1: Indian Automobile Company
         Other Important Factors: Business Model, Core Competence, and Value Chain
              Business Model and Return on Investment
              Core Competence
              Value Chain
    Example 1.2: A Company and B Company
    Example 1.3: ABC Company

    Prerequisites of Strategic Planning: Inquiry and Status Evaluation
    Prerequisite 1: Examining Performances, Perspectives, and Aspirations
         Part A: General Inquiry
         Part B: Business Development Inquiry
         Part C: Strategic Cost Management Inquiry
         Part D: Operations Management Inquiry
         Part E: Employee Productivity Inquiry
         Part F: Resource Management Inquiry
    Prerequisite 2: Status Evaluation
         Versatile Corporate Evaluation

    Strategic Plan: Components, Preparation, Review, and Recommendation
    Structure and Components
         Strategy for Performance Areas
         Hurdle Management
         Cost–Benefit Analysis (CBA)
         Schedule for Execution
         Crisis Management and Exit Route
    Execution and Impact Routes
         Execution Route
         Impact Route
    Review and Recommendations for Improvisation
    Generic Strategies for Five Performance Areas

    Monitoring Parameters for Strategy Execution and Impact Measurement
    Need for Monitoring
    Periodicity of Monitoring
    Monitoring Process
    Monitoring Parameters
         Business Growth and Expansion Monitoring Tools
         Strategic Cost Management Monitoring Tools
         Operations, Logistics, and Technology Management Monitoring Tools
         Employee Development and Satisfaction Monitoring Tools
         Resource Management Monitoring Tools

    Measurement of Strategy Execution and Financial Monitoring
    Pyramid Movement of ROI for Strategy Execution
    Financial Impacts of Strategy Execution
         Financial Monitoring
         Common Characteristics of Financial Parameter Tables
         Level 1: Systemic Employees
         Level 2: Knowledge Employees
         Level 3: Decision-Making Employees
         Level 4: Entrepreneurial Employees

    Entrepreneurial Score Card: A Tool for Improving Impacts of Strategic Planning and Execution
    Need for Entrepreneurial Score Card (ESC)
    Ten Characteristics of Entrepreneurial Employees
    Entrepreneurial Behavior Questionnaire
    Classification of Employees Based on Competencies, Roles, and Empowerment Levels
         ESCs for All Employees
    ESCs for Four Employee Categories
         Sales and Marketing Employees
         Production or Operations Employees
         Purchasing Employees
         Finance and Accounts Employees
         Human Resource (HR) Employees
         Research and Development Employees
    Entrepreneurial Rewards
    Knowledge Management for Entrepreneurial Competencies
         Key Components
              Methods of Identifying Knowledge Requirements
              Knowledge Sources
              Knowledge Classification and Storage
              Knowledge Evaluation for Potential Use
              Knowledge Sharing
              Knowledge Application
              Knowledge Sharing Mechanisms
              Employee Feedback
         Management Appraisal
    Promotion of Knowledge Management Efforts

    Comprehensive Case Study
    Background and Recent Performance
         SWOT Analysis
    Strategic Plan: Strategies for Five Performance Areas
    Measuring Financial Impact of Plan on Company Performance
         Budgeted Performance and Result Indicators for the Year 2013–2014
    Execution Route, Time and Resource Mapping, and Impact Route



    Girish P. Jakhotiya