Strategic Planning Strategic Planning Process Process October 3, 2011 October 3, 2011 Jason Cox Chief Technical Officer Cox Machine, Inc.
Jan 04, 2016
Strategic Planning Strategic Planning ProcessProcess
October 3, 2011October 3, 2011
Jason CoxChief Technical OfficerCox Machine, Inc.
Aerospace components and assemblies since 1954
150 employees
~22M sales
Machining in Wichita, KS
Sheet-metal in Harper, KS
Major customers Spirit, Cessna, Vought, Gulfstream, HBC, Boeing
Strategic Planning ProcessStrategic Planning Process(TLD 1-1-1)(TLD 1-1-1)
Strategic planning is the first step in the development of our accountability efforts and includes the process of defining the following questions:
Where are we? What do we have to work with?Where do we want to be?How do we get there?
This process is undertaken by our Senior Leadership Team and division management, offsite, every three (3) years and reviewed for consistency annually by the Senior Leadership Team.
Strategic PlanningStrategic PlanningProcessProcess
Where are we? What do we have to work with?Where do we want to be?How do we get there?
Strategic Planning ProcessStrategic Planning Process(TLD 1-1-1)(TLD 1-1-1)4.1 Initial Meeting Agenda - Outlining the following:
Date of the meetingHomework due prior to the meeting for the participants
Identify our “Driving Force” for the companyRead Chapter 6 in The New Strategic Thinking and assign each person a driving force to present for 2 minutes to the group.
Create a “Current Profile” Each person to complete a Current Profile to describe the business today. It should define the company’s products, customers/users, industry segments, and markets. (Administrator) Collect these and put everyone’s answers on to one page before the meeting.
Completing a SWOT Each person to complete a SWOT to describe the business today. It should include strengths, weaknesses, opportunities, and threats. (Administrator) Collect these and put everyone’s answers on to one page before the meeting.
Strategic Planning ProcessStrategic Planning Process(TLD 1-1-1)(TLD 1-1-1)
Welcome, introductions, desired outcomesCreate drawings of current stateReview of “Current Profile” and “SWOT”
This step addresses the questions “Where are we?” (current profile) and “What do we have to work with?”
Discuss “Driving Forces” and vote (vision statement)Discuss “Future Profile” and presentations
This step answers, “Where do we want to be?” (future profile). Select “Future Profile”Gap Analysis – difference of current and future state
“How do we get there?”
Critical Issues – threats of the SWOTConclusion
Strategic Planning ProcessStrategic Planning Process(TLD 1-1-1)(TLD 1-1-1)
Complete and distribute the Strategic Planning Process meeting notes to each participant Identify Action Steps Strategic Filter
Discuss and agree on filter to include, driving force (vision), products and services (capability and capacity), customer (preferred opportunities/ customers), and investment (financial expectations).
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