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9 Steps For Integrating Strategy Into Your Performance Plan

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Submitted Tuesday, August 11, 2009
Victor Holman (299)
Lifecycle Performance Professionals
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We've all challenged ourselves at some point in our lives whether it was a 5K run, a weight loss program, a school project, and so on. The first thing we did when we decided to accept the challenge was to set personal goals. Those goals may have been to run the 5K in 20 mins or to lose 20 pounds in 3 months, or to get an A on that project. Next, we developed a plan to reach those goals within the desired time frame. Lastly, we executed the plan. Now, if we're really goal oriented, we set milestones and were constantly comparing our personal progress in relation to where we were in our plan. The same way we (hopefully) reached those goals is the same way an organization should integrate their strategic plan into a performance program.

Yesterday I discussed the best way to execute a strategic plan, and today I'm going to discuss how to integrate the strategic plan into your performance plan to ensure performance success. In the example above, integrating the plan into your performance plan takes place during the goal setting phase, when you were deciding what you wanted to accomplish and how you were going to get there.

I've developed a Strategic Performance Management Planning Process which integrates the strategic planning process into the performance management process, giving your organization the best chances at maximizing performance and achieving organizational goals. This methodology takes you from developing objectives, to developing a plan, to integrating your strategy into the performance management system. Below are 9 steps that will help you ensure that your organizational strategy is integrated with your performance plan.

1. Develop Mission, Vision and Core Value Statements

2. Develop a Strategic Planning Process and Identify Organizational Objectives

3. Conduct Stakeholder Identification Analysis and SWOT/SWOC Analysis

4. Perform Gap Analysis

5. Align Key Processes, Projects, Systems, Workforce and Budget to Strategic Goals

6. Integrate Strategic ?Plan into Performance Management System

7. Integrate the Strategic ?Plan to Results-Based Budgeting System

8. Integrate Strategic ?Plan to Workforce Planning System

9. Integrate All Activities Into a Performance Management System

The Strategic Performance Management Planning Process can be found in full illustration, with supporting details for each phase in the Methodologies Guide.

You can learn how to implement a successful strategic plan into your performance planning process in the Lifecycle Performance Management Kit. If you are REALLY serious about implementing performance into your organizational strategy, my Organizational Performance and Best Practices Analysis identifies exactly how your organization can develop a strategic plan and map performance to organizational objectives.

About The Author

Victor Holman is a performance management expert who helps organizations reach performance goals through best practice analysis and implementation and custom enterprise performance management products and services.

Learn more about his Performance Frameworks and Methodologies. Victor Holman's Organizational Performance and Best Practices Analysis measures how well organization's utilize the key performance activities that drive organizational success and identifies cost savings opportunities and the critical path to reaching organizational goals.

The Lifecycle Performance Management Kit is complete with step by step guides, frameworks, templates, videoseminars, presentations, performance metrics, and more.

For a FREE performance management kit, visit the The Performance Portal. Contact him personally at victor.holman@lifecycle-performance-pros.com.



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Article added to SearchWarp.com on 8/11/2009 10:33:18 PM.
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