Lecture

Strategic Planning: EPF Council 2021-2024

Graph Chat

Chat with Graph Search

Ask any question about EPFL courses, lectures, exercises, research, news, etc. or try the example questions below.

DISCLAIMER: The Graph Chatbot is not programmed to provide explicit or categorical answers to your questions. Rather, it transforms your questions into API requests that are distributed across the various IT services officially administered by EPFL. Its purpose is solely to collect and recommend relevant references to content that you can explore to help you answer your questions.

Description

This lecture provides an overview of the strategic planning process of the EPF Council for the period 2021-2024, focusing on key aspects such as the consultation process, the strategic focus areas, and the importance of defining the domain's priorities and financial needs. The presentation delves into the structure of the planning document, the involvement of various stakeholders, and the upcoming steps in the consultation process, emphasizing the significance of aligning the strategic priorities with the overall goals of the EPF domain. Discussions also touch upon the challenges and considerations related to specific areas like digitalization, infrastructure upgrades, and the development of a Mission and Vision Statement.

Official source

Related concepts (11)

Strategic management

In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates. Strategic management provides overall direction to an enterprise and involves specifying the organization's objectives, developing policies and plans to achieve those objectives, and then allocating resources to implement the plans.

Stakeholder theory

The stakeholder theory is a theory of organizational management and business ethics that accounts for multiple constituencies impacted by business entities like employees, suppliers, local communities, creditors, and others. It addresses morals and values in managing an organization, such as those related to corporate social responsibility, market economy, and social contract theory. The stakeholder view of strategy integrates a resource-based view and a market-based view, and adds a socio-political level.

Stakeholder (corporate)

In a corporation, a stakeholder is a member of "groups without whose support the organization would cease to exist", as defined in the first usage of the word in a 1963 internal memorandum at the Stanford Research Institute. The theory was later developed and championed by R. Edward Freeman in the 1980s. Since then it has gained wide acceptance in business practice and in theorizing relating to strategic management, corporate governance, business purpose and corporate social responsibility (CSR).

Strategic planning

Strategic planning is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy. Strategic planning became prominent in corporations during the 1960s and remains an important aspect of strategic management. It is executed by strategic planners or strategists, who involve many parties and research sources in their analysis of the organization and its relationship to the environment in which it competes.

Mission statement

A mission statement is a short statement of why an organization exists, what its overall goal is, the goal of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation. It may include a short statement of such fundamental matters as the organization's values or philosophies, a business's main competitive advantages, or a desired future state—the "vision".

Related lectures (17)

Key Stakeholders in Digital Education

Covers the importance of identifying and analyzing key stakeholders in digital education projects.

Strategic Decisions for Smart City Managers MOOC: Smart Cities, Management of Smart Urban Infrastructures

Summarizes strategic issues for Smart City managers regarding data, services, and infrastructure layers.

The Governance of Infrastructure MOOC: Building expertise on developing sustainable and resilient infrastructure

Explores governance challenges, efficiency improvement, stakeholder engagement, and corruption impact in infrastructure projects.

African Urban Planning MOOC: African Cities III, urban planning and management

Explores the challenges of urban planning in African cities amidst rapid urbanization.

Stakeholder Engagement: Strategies and Analysis