Image Credit: Library Value Toolkit: Strategic Plan & MVV

• An organization establishes goals that will move it towards its vision.
• These goals will have objectives that are measures of goal achievement.
• Strategies are developed for how the goals will be achieved.
• Theses strategies direct the execution of work intended to achieve the goals.
• Organizational strategy is a plan that describes how the organization’s strengths and core competencies will be used to:
  • Manage resources effectively;
  • Manage stakeholder value;
  • Capitalize on opportunities;
  • Minimize the impact of threats;
  • Respond to changes in the market, legal, and regulatory environments; and
  • Reinforce focus on critical operational activities.
• Business value is defined as the entire value of the business – the total sum of all tangible and intangible elements.
•  References
  • The Standard for Portfolio Management

References

• Library Value Toolkit: Strategic Plan & MVV