Reference no: EM132935870

Five year strategic plan for ME INC. This is your personal plan for future success. 

INSTRUCTIONS

1. Review the strategic planning processes. Via Google search find other examples of strategic planning models and/or personal strategic plans.

2. Begin by describing the purpose and benefits of strategic planning.

3. Define the following elements of a strategic plan: Vision, Mission, Values. Discuss what questions are to be explored for each element.

4. Next, demonstrate your understanding of strategic planning by creating a personal five-year strategic plan. Be sure to include the following elements:

• A personal vision statement:
• This is the big idea. A clear and motivating statement that describes your ideal future state. It should answer the questions "Where am I going/ Who will I be?"
• The vision statement must be powerful, brief and compelling.
• A personal mission statement:
• This articulates a realistic, credible and attractive view of your purpose. It should answer multiple questions including "Who am I?" "What do I do?" "Why am I here?"
• Your mission statement must support and align with your vision statement.
• The mission statement may contain several statements or sentences that tell the world who you are through what you do. Try to limit your mission statement to one full paragraph. 
• Personal Value Statements:
• These are intrinsic concepts that motivate you and compel you to succeed. They should answer the question "How do I behave?"
• The personal value statements link to the vision and mission statements.
• You must provide a minimum of 3 personal value statements that represent your beliefs.
• Personal Objectives:
• These are the realistic goals (objectives) that will map your path to achieving your vision statement. Each objective answers the question "How will I get there?"
• You must provide a minimum of 4 personal objectives. Each objective must be clear, realistic and doable within the 5 year time frame.
• The objectives can be broad in scope and would be supported by a detailed plan.  
• Implementation:
• Instead of a detailed plan, provide a brief summary statement that describes an action you will take in order to meet each objective that enables you to have a realistic path to achieve your strategic plan.
• Take time to reflect upon the implementation steps you plan to take that support your objectives to ensure they are linked to reality and, ultimately, allow you to achieve your vision.
• Identify three Performance Measures that will tell you whether you are on track.