Assignment: Explaining the strategic planning process

Learning Objectives and Outcomes

- You will understand the steps in the strategic planning process.

- You will how a sample organization could use the strategic planning process.

Scenario

- The organization is a regional XYZ Credit Union/Bank that has multiple branches and locations throughout the region.

- Online banking and use of the Internet are the bank's strengths, given limited its human resources.

- The customer service department is the organization's most critical business function.

- The organization wants to be in compliance with Gramm-Leach-Bliley Act (GLBA) and IT security best practices regarding its employees.

- The organization wants to monitor and control use of the Internet by implementing content filtering.

- The organization wants to eliminate personal use of organization-owned IT assets and systems.

- The organization wants to monitor and control use of the e-mail system by implementing e-mail security controls.

- The organization wants to implement this policy for all the IT assets it owns and to incorporate this policy review into an annual security awareness training program.

Assignment Requirements

1. Lists the 11 stages in the strategic planning process. Even though they are listed in the Roles and Responsibilities section, it's really an outline of the overall strategic planning process.

2. Provide a 1-2 paragraph explanation of each stage. You need to explain the goal(s) of the stage and how it fits into the whole strategic planning process. Include the inputs and outputs of each stage.

Using the scenario above:

3. Summarize your recommendations for this organization as they create a new IT Strategy. Include their potential benefits and costs

4. Describe how this organization would use the strategic planning process to develop and maintain their strategic plan.

Your writing must be professional with proper attention to formatting, spelling, grammar, and punctuation.