Federal Strategic Plan Overview (2024)

FAQs

What is the federal strategic plan? ›

The Strategic Plan, therefore, presents the long-term objectives an agency hopes to accomplish at the beginning of each new term of an Administration by describing general and long-term goals the agency aims to achieve, what actions the agency will take to realize those goals, and how the agency will deal with ...

Strategic planning is an ongoing process by which an organization sets its forward course by bringing all of its stakeholders together to examine current realities and define its vision for the future. It examines its strengths and weaknesses, resources available, and opportunities.

Here are the 7 basic elements of a strategic plan: vision, mission, SWOT analysis, core values, goals, objectives, and action plans.

The four most widely accepted key components of corporate strategy are visioning, objective setting, resource allocation, and prioritization.

Strategic planning is necessary to determine the direction of your organisation. It focuses your efforts and ensures that everyone in the business is working towards a common goal. It also helps you: agree actions that will contribute to business growth.

Effective strategic planning is a process that should be broken down into three separate, equally important components: strategic thinking, long-range planning, and operational planning.

An example of a strategic plan with a goal, strategy, and tactic: Goal (what the organization wants) - To increase online sales by 20% over the next two quarters. Strategy (how the organization will get it) - Increase online marketing and social media presence by 25% in the two quarters.

Read ahead to learn more about the six vital elements of strategic planning: vision, mission, objectives, strategy, approach, and tactics.

There are seven core elements that if considered will contribute to the organization's project decision-making process. The seven elements (7 C's) are: customers, competitors, capabilities, cost, channels, communication, and coordination.

What makes a great strategic plan? ›

Successful strategic plans require clear, measurable, purpose-driven goals and full team buy-in. That way, individuals can be motivated to embrace their role in reaching larger strategic goals that can make a company thrive.

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Types of strategic plans

Strategic planning activities typically focus on three areas: business, corporate or functional. They break out as follows: Business. A business-centric strategic plan focuses on the competitive aspects of the organization -- creating competitive advantages and opportunities for growth.