Quality Award Brochure 2011-a4.p65 - Hong Kong Management ...

IV AWARD CRITERIA IN DETAIL2.0 Strategic Planning (85 pts.)The Strategic Planning Category examines HOW your organization develops STRATEGICOBJECTIVES and ACTION PLANS. Also examined are HOW your chosen STRATEGICOBJECTIVES and ACTION PLANS are DEPLOYED and changed if circumstances require, andHOW progress is measured.2.1 Strategy Development: How do you develop yourstrategy? (40 pts.) ProcessDescribe HOW your organization establishes its strategy to address its STRATEGICCHALLENGES and leverage its STRATEGIC ADVANTAGES. Summarize yourorganization’s KEY STRATEGIC OBJECTIVES and their related GOALS.Within your response, include answers to the following questions:a. Strategy Development PROCESS(1) HOW does your organization conduct its strategic planning? What are theKEY PROCESS steps? Who are the KEY participants? HOW does yourPROCESS identify potential blind spots? How do you determine your CORECOMPETENCIES, STRATEGIC CHALLENGES and STRATEGICADVANTAGES (identified in your Organizational Profile)? What are yourshort- and longer-term planning time horizons? HOW are these time horizonsset? HOW does your strategic planning PROCESS address these time horizons?(2) HOW do you ensure that strategic planning addresses the KEY factors listedbelow? HOW do you collect and analyze relevant data and informationpertaining to these factors as part of your strategic planning PROCESS:• your organization's strengths, weaknesses, opportunities, and threats• early indications of major shifts in technology, markets, products,CUSTOMER preferences, competition, or the regulatory environment• long-term organizational SUSTAINABILITY, including needed CORECOMPETENCIES• your ability to execute the strategic planb. STRATEGIC OBJECTIVES(1) What are your KEY STRATEGIC OBJECTIVES and your timetable foraccomplishing them? What are your most important GOALS for theseSTRATEGIC OBJECTIVES?(2) HOW do your STRATEGIC OBJECTIVES address your STRATEGICCHALLENGES and STRATEGIC ADVANTAGES? How do yourSTRATEGIC OBJECTIVES address your opportunities for INNOVATIONin products, operations, and your business model? HOW do your STRATEGICOBJECTIVES address current and future CORE COMPETENCIES? HOWdo you ensure that your STRATEGIC OBJECTIVES balance short- and longertermchallenges and opportunities? HOW do you ensure that your STRATEGICOBJECTIVES consider and balance the needs of all KEY STAKEHOLDERS?23