STRATEGIC PLAN AND SWOC ANALYSIS
The Technocrats Institute of Technology-MBA planning process shall be conducted on a two-year cycle and shall project strategic direction for the institution. The Director shall appoint the Strategic Planning Committee and lead the strategic planning process. The Strategic Plan represents the Institute’s cyclic planning process. The Planning Process gives in depth knowledge about the concept used to establish the following foundation elements which provide the basis for the Technocrats Institute of Technology-MBA Strategic Plan:
The mission statement outlines briefly the purpose of the institution. The organizational assessment reviews the strengths and weaknesses of the internal educational processes, services, and programs and examines the internal demographics of our students and employees. Environmental scanning analyzes the opportunities and threats which will potentially impact the Institute based on external demographics assessments. Priority Initiatives are developed to address priorities which will direct the Institute toward continual improvement over the next two years.
Through analysis of the Institute’s internal strengths and weaknesses as well as opportunities and threats, Technocrats Institute of Technology-MBA is better prepared to define its institutional initiatives and corresponding goals. The mission as well as the strategic initiatives and corresponding goals constitute the Institute’s strategic plan. The strategic plan forms the foundation for annual operational planning.
The strategic planning process at Technocrats Institute of Technology-MBA shall involve meetings with key constituency groups, including faculty, professional staff, students, and members of external advisory committees. These groups shall participate in a SWOC analysis responding to questions related to their viewpoints about the strengths, weaknesses, opportunities, and Challenges regarding Technocrats Institute of Technology-MBA and the community it serves. A second phase in the strategic planning process would involve the Institute’s Management in a review and planning session. Management members shall review the Institute’s Strategic Planning Report, which shall be provided annually by the Strategic Planning Committee and contains data on how well the Institute fulfilled the most recent Strategic Plan, relating to each individual Strategic Initiative and Related Goal. In addition, information related to emerging trends in the external environment shall be examined, particularly as they are related to population trends, educational levels, and future employment opportunities in the region.
The results of the Management planning session, discussions with constituency groups, the SWOC analysis, and the
discussions and review by the Strategic Planning Committee shall provide the basis for strategic initiatives and related
goals for Technocrats Institute of Technology-MBA Strategic Plan.
Finally, strategic planning requires periodic assessment of progress toward initiatives and goals. In some cases, goals
may be revised or eliminated and new goals formulated in response to changes within the Institute or in the external
community. Ongoing assessment shall be essential component of a successful strategic plan.
SWOC ANALYSIS
| Strengths |
|
|---|---|
| Weaknesses |
|
| Opportunities |
|
| Challenges |
|