Understanding the new key concepts of strategic planning is important. These key concepts are extremely timely and appropriate for facilities managers when creating a strategic plan.
Let’s take a closer look.
- Environmental Scanning
The business climate is more important to facility management organizations than ever before. It is no longer enough to just assess what internal corporate executives think about the future; facility managers must analyze global products and services trends, and perform their own economic forecasting.
Facility management organizations should continue to stay on top of market trends by analyzing annual reports and attend shareholder meetings. This important data helps to determine how the company is viewed by its customers as well as its shareholders.
- Scenario Planning
It’s not enough to just create one strategic path to a desired facility management outcome because it limits the development of action steps to a single outcome that may or may not work over time.
Scenario planning is really posturing. It asks, and then answers, the question, “What if…? Conducting scenario planning is the equivalent of having a written facility management insurance policy.
Even though one strategic path may be pursued at the time the initial strategic facility management plan is developed, the organization has built-in agility to switch to a different path when things change, because they have anticipated and planned for the need to revise the path.
- Measuring for Strategic Adjustment
Identifying critical measures for strategic goals and objectives always has been essential to facility management organization’s survival. Commitment to monitoring the plan against actual results allows facility managers to shift gears and make strategic realignments.
If the corporate or market scenario shifts, the organization is prepared to change critical success measures since it has pre-determined the metrics that will accompany the new strategic direction. The facility management organization creates strategic paths for different scenarios and is ready to perform to redefined success measures.
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