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Strategic Planning Definition

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Glossary of Strategic Planning Terms

Here is a list of some of the common strategic planning terms – and their definitions.

Purpose: A succinct statement of why the organization exists and what it does.

Core Values: The bedrock values that an organization considers essential to its success – like financial sustainability or reliability.

Key Values: Other values that an organization considers important, but are subordinate to core values.

Vision: A clear statement of a future result or end state that the organization wants to achieve.

Mission: A brief summation of what a team or organization intends to do within a defined period of time.

Goals: The initiatives that the organization will take over a period of time to realize the vision, purpose and values.

Performance Objectives: Measurable ways to assess progress toward achieving the goals.

Key Performance Indicators (KPIs): Same as performance objectives.

Strategies: Long-term plans for allocating resources to accomplish goals.

Tactics: Short-term plans to achieve the strategy.

Action Steps: Actions to be taken in support of tactics, strategies, goals.

Planning Issue: An unresolved problem or question.

Quality: Adherence to standards or specifications.

Core Process: An integrated system used to deliver value to a group of internal or external customers.

Core Process Improvement: Reformulating a work process into a new process that costs less or produces more or results in higher quality.

Systems Thinking: Striving to uncover the inter-related forces and behaviors, often unapparent at first, that drive the organization’s decisions and thinking.

Operating Principles: The rules of the road that a team or organization uses to guide its decision making. This may include ground rules, meeting procedures, and the like.

Strategic Planning Consulting

To speak with a strategic planning consultant about how LRI can help you develop and implement a strategic plan to accelerate the pace of change, call (916) 325-1190 or email info@leadingresources.com.

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