The management provides leadership, sets the priorities and defines the strategic agenda for the planning period. The management consults the board and key stakeholders of the institution to define and build consensus on the strategic priorities. External and internal factors are thoroughly analysed to better position the institution for the future.
Guideline code
GG_06000
Mechanism
Mechanism
- The management should lead the planning process and ensure an organization-wide consultation process in the preparation of the strategic plan.
- The management should consult internal and external stakeholders for input to the strategic agenda. Anticipated challenges, needs and concerns of stakeholders should be discussed in an environment of complete transparency.
- A central planning unit may coordinate the strategic planning activities of the main units of the institution. There should be cross-consultations among the main units, with each conducting its own strategic planning activities and strengths, weaknesses, opportunities and threats (SWOT) analysis.
- The management should ensure that the strategic planning process covers the main responsibilities of the institution, including the financial sustainability of the programmes; investment management; member coverage and contributions, and member benefits and services; and human and ICT resources. The individual SWOT analyses of the main units would serve as input to an institution-wide analysis of strengths, weaknesses, opportunities and threats.
Structure
Structure
- The board should provide guidance to the management in the formulation of the strategic plan.
- The management should initiate a consultation process with internal and external stakeholders to build consensus on key developments and challenges to be addressed by the strategic plan.
- The management may invite external experts to provide fresh perspectives, scenario analyses and state-of-the-art information.
- The management may have a central planning unit that is responsible for the overall management and coordination of the strategic planning process. The main units of the organization should be involved in the strategic planning process and provide input, feedback and new ideas.
Title HTML
Guideline 45. Initiating the strategic planning process
Type
Guideline_1
Weight
64