PERFORMANCE MANAGEMENT

PERFORMANCE MANAGEMENT AND STRATEGIC PLANNING

Submitted To

Submitted By

Dr. Deepak Kaul

Priyanka Chaturvedi Hitesh Chawda

www.studygalaxy.com

Definition & Purpose of Strategic Planning

Strategic planning is an organization's process of

Various business analysis technique can be used in strategic planning including: SWOT, PEST, STEER, EPISTEL. All strategic planning deals with at least one of 3 key question:
1) What do we do? 2) For whom do we do it? 3) How do we excel?

defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people.

Environmental Analysis
It analyze the external and internal environment of organization. The following is a list of external and internal factor that should be consider in any environment analysis:
Internal Organization Structure Organization Culture Politics Processes Size External Economic Political/Legal Social Technological Competitors Customers Suppliers

Gap Analysis
It analyzes the external environment in relation to internal environment, the pairing of external opportunities and threat with internal strength and weaknesses leads to following situation.
Environment Pairing Opportunities + Strength Opportunities + Weakness Result Leverage Constraint

Threat + Strength
Threat + Weakness

Vulnerability
Problem

Process of Linking Performance Management to the Strategic Plan

Organizations Strategic Plan Units Strategic Plan

Mission
Vision Goal Strategic

Mission
Vision Goal Strategic

Job Description Tasks Knowledge

Individual and Team Performance Result Behaviors Development Plan

Skills
Abilities

Building Support
Building support for the system doesn't stop at top management. All participant need to understand the role they play and what is in it for them. Not involving people in the process of system design & implementation can create resistance.