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What is the role of a strategy and business planning officer?

  • Strategic Planning Functional Competencies
Posted by: Mansour Baker
​The Strategy & Business Planning Officer is responsible for leading the Strategy & Business Planning, coordinating the annual strategy review, all business planning activities, operating budget activities and annual performance planning & KPI setting activities.
Described below is the Functional Statement for the Strategy & Business Planning Team. ​​
Functional Statement for the Strategy & Business Planning Team

Key Accountabilities ​

1. Annual Strategy Review
  • Facilitates the annual review of company’s vision, mission, and strategy by formulating & updating the strategic priorities for the year considering the current business & market situation and the overall company strategic objectives
  • Coordinates & reviews the annual strategy update with the Board and communicates the outcome with Senior Management team
  • Reviews, validates, and communicates the assessment of the impact of business strategies
2. Business Planning
  • Reviews, approves, and issues guidelines for business planning activities
  • Reviews business planning activities from the entire company and assesses their alignment with strategic priorities
  • Reviews and validates the evaluation of cash flow implications
  • Formulates recommendations for which activities should be approved for presentation to the Board
  • Coordinates with the CEO, the relevant committee, and the Board to get necessary approvals
  • Communicates the approved plan to relevant people in the company, ensuring that the annual budget process is adhered to
3. Annual Budget
  • Directs, oversees, and controls the execution of company’s annual budget planning process, consolidates departments’ budgets, presents, and defends final annual budget plan to the Board for review and approval.
  • Coordinates the development & review of the financial planning cycle
  • Reviews and validates the evaluation of cash flow requirements
  • Formulates recommendations for which activities should be approved & summarizes budgetary implications for presentation to the Board
  • Coordinates with the CEO, the relevant committee, and the Board to get necessary approvals
  • Communicates the approved plan the company leadership team
4. Performance Planning and KPI Setting
  • Formulates and agrees appropriate KPIs for the company
  • Reviews & validates the scoring (ranking) for KPIs and the balanced scorecards as prepared by the team
  • Communicates the scoring (ranking) for KPIs and the balanced scorecards to the Board and company
  • Reviews, validates, and communicates all the necessary management reports produced by the Strategy and Business Planning Team

​Organizational Relationships

  1. Receives direction on matters of company policy and strategic objectives from CEO & the Board
  2. Keeps the CEO and members of the relevant committee informed as to his functional activities
  3. Makes recommendations to the Board as regards to updated strategic priorities for the year and business activities that should be supported
  4. Communicates budgetary & cash flow implications of recommendations to the Board

​Independence of Operations and Decision-making Authority

  1. Works independently guided by functional and company strategic objectives
  2. Conducts independently all Strategy and Business Planning activities, provides priorities and expertise in Strategy to achieve company’s objectives
  3. Sets business directions and working methods within his/her Team in accordance with established company policies
  4. Judges current working methods and is free to initiate new approaches in which company’s objectives and practices are continuously improved
  5. Advises the CEO and the relevant committee on major strategic issues or opportunities

​Qualifications

  • Undergraduate Degree in Business / Finance, and MBA from a globally recognized Business School or University
  • Extensive experience in Strategy & Corporate Finance in the relevant industry
  • Minimum 20 years’ experience with a successful track record in a similar position in a best-in-class peer group company, or a leading strategy consultancy 
  • Excellent knowledge and experience of long-term strategic planning, budgetary planning & control
  • Strong drive for results, able to communicate effectively with leaders

​Strategic Planning Functional Competencies

​Definition

Ability to analyze business trends, implications and options to devise holistic and long-term strategic plans to meet Company’s objectives and future goals.
​​Basic Level
  • Contributes to strategic direction of the organizational unit.
  • Able to analyze and comprehend organizational goals and strategies developed by others. 
  • Prioritizes work in alignment with business goals, acts in accordance with externally set strategies, objectives, or goals.
​​Competent Level
  • Utilizes experience and judgment to plan and accomplish goals. Responsible for measuring accomplishments against organizational objectives. 
  • Defines business strategies and contributes to the enterprise’s vision.
  • Develops long-term objectives, strategies, and goals. Orients to longer terms than day-to-day activities; determines long-term issues, problems, or opportunities. Develops and establishes broad scale, longer-term objectives, goals, or projects (e.g., affecting a business, department, several departments, or a large organization). Develops a business strategy. 
  • Assesses and links short-term, day-to-day tasks in the context of long-term business strategies or a long-term perspective; considers whether short-term goals will meet long-term objectives. Reviews own actions against the organization's strategic plan; considers the big picture (e.g., quality assurance initiative) when considering possible opportunities or projects or thinks about long-term applications of current activities. Anticipates all possible responses to different initiatives. 
​​Advanced Level
  • Maintains a clear focus on internal and external customer needs. 
  • Plans and budgets for future resource requirements. 
  • Effectively sets priorities. 
  • Establishes challenging, attainable goals and objectives based on a customer focus perspective. 
  • Looks to the future with a broad perspective. 
  • Ensures performance measures are in place to monitor progress and assess accomplishments and achievement of strategic goals and objectives. 
  • Develops initiatives to achieve goals and objectives. 
  • Ensures contingency plans exist for problems and situations that might occur; redesigns the department and/or organization to better meet long-term objectives; establishes a course of action to accomplish a long-term goal or vision, and/or shares own view of the desirable future state of the business, department, or organization. 
  • Articulates the vision and plans to others.

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