23 Jun Using your analysis of the strategic plan from the Wk 2- Strategic Plan Research assignment, complete the following: Analyze in 350 to 525 words the: Purpose of the strategic plan
Using your analysis of the strategic plan from the Wk 2- Strategic Plan Research assignment, complete the following:
Analyze in 350 to 525 words the:
- Purpose of the strategic plan
- Key objectives:
- Market development and how your ideas fit
- Process improvement
- Development of people
- Product/service – How do you deliver? Is there a way to improve quality over time to differentiate?
- Key performance indicators (KPIs) to measure performance over time
Recommend initiatives to support your objectives to improve the strategic plan.
Identify ways to adapt to the changing business environment.
Mike Solis
STR/581
WK 2: Strategic Plan Research
06/12/2023
NELLCO
For this assignment, I decided to examine the five-year strategic plan of NELLCO, a group of law libraries in New England and beyond (NELLCO, 2023). The plan succeeds in several areas, including:
It gives a leader outline that compactly conveys the association's future course, needs, and effects.
It enunciates a precise mission, vision, and set of values that guide the organization's work and align with its stakeholders' interests.
It conducts an environmental analysis that identifies the organization's strengths, weaknesses, opportunities, and threats (SWOT) to political, economic, social, and technological factors.
It specifies the objectives, strategies, activities, and indicators for the four overarching goals that align with the mission and vision.
It includes a staffing plan that outlines the roles and responsibilities of staff members and a financial plan that projects the revenue and expenses for each year of the plan.
It consolidates an assessment plan that characterizes what achievement resembles for every objective and goal and how it will be estimated and revealed.
However, there are some areas for improvement as well, including:
The arrangement doesn't unequivocally address how it will accomplish a different labor force or advance corporate social obligation and natural supportability, which are significant parts of any association's system today.
The plan needs more detail regarding how it will communicate its progress and impact to its members, partners, funders, clients, and community.
No risk management strategy is included in the plan that details the potential obstacles or dangers that could prevent the plan from being carried out as planned and how they will be overcome.
The arrangement excludes an emergency course of action that frames how the association will adjust or change its procedure on the off chance of huge changes in the outside or inner climate.
In conclusion, NELLCO's strategic plan is a comprehensive and coherent document that clearly outlines its goals, objectives, and strategies for future growth and development. It also reflects the company's mission, vision, and values. Notwithstanding, it may be improved by tending to certain holes or shortcomings in its substance and design, for example, consolidating more components, social obligation, maintainability, partner commitment, correspondence, the risk to the executives, and the possibility of planning.
References
NELLCO. (2023). 5-Year Strategic Plan [PDF file]. Retrieved from https://cdn.ymaws.com/www.nellco.org/resource/resmgr/Files/StrategicPlanFinal3.31.09-1.pdf
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