Strategy is defined as “the methodology that the organization chooses to set and achieve specific goals. It is a declaration of the approach that the institution will adopt to achieve value for all its stakeholders.”Strategic planning is one of the most important administrative processes. Its importance can be summarized as the focus on the destination that the institution aims to reach, determining performance measures based on objectives, enhancing cooperation between the various departments and departments of the institution to achieve common goals and ensuring that the resources available to the institution are effectively employed.
Key Benefits for Strategic Planning
- Defining goals clearly and enhancing the efficient use of available resources.
- Providing a base to help change the mechanism of work and relying on a set of indicators that help in evaluating the effectiveness of work.
- Linking the planning strategy in the organization with the external and internal environment (dynamism and flexibility in dealing with internal and external variables).
- Providing a way to think in systematic ways which helps to review the direction of institutional work, define priorities and effectively make decisions about the challenges involved in the implementation process.
Strategic Planning & Performance Management Key Elements
There are many models of strategic planning and institutional performance, and they differ according to the nature of the organization’s work, its business context, and the institutional culture. However, the most important elements of the strategic planning and institutional performance system can be summarized as follows:
- Strategy formulation: Strategy formulation is the starting point for the system of strategic planning and institutional performance, as it clarifies what the institution aspires to achieve in the short, medium, and long term, and includes a set of sub-elements such as (vision, mission and values, diagnosing the external environment and defining the status of the organization Current, strategic alignment at organizational levels and functions in the organization, initiative management, plan and communication governance, mechanisms to adapt to changes and strategic flexibility).
- Measuring institutional performance: includes selecting and documenting indicators and mechanisms for identifying targets and collecting data.
- Institutional performance analysis: includes data and results analysis for performance measurements and decision-making at all levels.
- Supportive Institutional Capabilities: includes the institutional culture to support planning and performance, institutional flexibility and agility, institutional learning, motivation and other institutional capabilities that support the planning and performance system.
