We’re the Strategic Planning team, which is part of Governance & Assurance in the Transformation & Retail Support Centre. We’ve just kicked off the annual Strategic Planning Cycle (SPC) and we’re gearing up for a busy few months. The SPC process is used by Co-op Food to do two things:
- Firstly, to confirm we’re heading in the right direction to achieve our five year ambition of Stronger Co-op, Stronger Communities. Which is defined brilliantly by a term Ben found: coddiwomple “to travel in a purposeful manner towards a vague destination”. I’m not saying our ambition is vague, but we’re flexible to the market and we can pivot and remain agile to all the headwinds we may encounter on the journey.
- Then we’ll review our current plans and retail risks, alongside future trends and potential impacts – helping us to establish the activity that will enable us to deliver our ambition.
Working across the Co-op
At the moment we’re working with key functions: Finance, IT and Customer – holding workshops and sessions across the Co-op to gather of all the great ideas, insight and establish the latest vision of the future. Supporting and helping functions to ensure we’re focusing in the right areas to build a Stronger Co-op, Stronger Communities together.
Building the plan
In the coming weeks we’ll pull all of this information together, alongside our current portfolio of programmes and projects (Andy’s favourite part). Building the plan for our Co-op to deliver for colleagues, members, customers and their communities.
Tweaking the process
Over the last few SPCs we’ve listened and recognised the food retail environment and customer expectations are changing faster now, than they ever have before. So, going forward we’re making sure our plan is flexible and we can assess change regularly (Andy’s new favourite part). As a result we’re making the SPC an ‘always on’ process, with two key builds:
- Monthly reviews of new ideas and proposed initiatives, to ensure we tackle any new headwinds or disruption to our 5 year ambition.
- Quarterly reviews of the portfolio, to make sure we’re focusing on delivering the right initiatives and managing our resources effectively.
We’ll let you know how our coddiwomple is working out
Keep an eye out for updates on our progress over the summer. We’ll share how we’re building the plan and the critical paths that will deliver some great benefits for our Co-op, colleagues, members and customers. Your engagement and support is much appreciated, and once the plan is finished we all get behind it and deliver our part.
Andy & Ben