Data gathering, reviewing, and analyzation is a very important step in an effective evaluation or assessment process. The outcome as well as any subsequent suggestions are based on the data and review provided during the initial process. Guerra-Lopez (2008) emphasized that the success of an evaluation process is contingent upon five particular aspects about data and data sources: 1) data relevance, 2) data collection, 3) evaluating data, 4) data reporting, and 5) avoiding data errors. These five items contribute to an improved method and technique to build a better performance evaluation and supports the statistical finds and the qualitative impact of the communicated results. Data is used as a tool to measure various aspects within the …show more content…
133). Guerra-Lopez (2008) suggested some primary sources of data as those that most commonly and readily available such as financial records, social input sources, and political realms. More specifically, Guerra-Lopez (2008) claimed that an organizations internal sources of data input are often used as a means to identify prior performance and assessments needs and results. These sources identified by Guerra-Lopez are as follows.
• Strategic plan: Management’s source for communicating the organization’s vision, business plan, goals, and objectives. Describes the organizations prior outcomes and outlook for the future of the company.
• Annual reports: Identifies the immediate and potential future financial standing for the organization.
• Project plans: List individual areas of concentration that connect directly with the organization’s overall strategic plan. It compartmentalizes the objectives of different divisions within the organization based on function and potential.
• Consulting studies: An independent study focused on a narrow window of assessment. These studies are not evaluations in that they are not geared towards measuring the outcome of a program or event but instead they are formed to review processes without labeling or assigning judgment or measurements.
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A strategic plan is a tool that delivers guidance in achieving a mission or goal with maximum proficiency and control for an organization. Strategic planning is used to transform and revitalize organizations. The plan helps provide an inclusive understanding of opportunities and challenges both internally and externally for the organization. The plan delivers an assessment of the strengths and limitations that are realistic within the company. A well-developed strategic plan will offer a comprehensive approach and empowerment for the stakeholders involved. It is an opportunity for learning and understanding priorities that will drive the business to succeed. Jones (2010), describes how in health care organizations, strategic plans
Strategic planning within a company is a tool used in companies that help mature areas in total quality management. This type of planning creates a cohesive management system for lower level employees to better adapt in. “Strategic planning determines where an organization is going over the next year or more and how it 's going to get there. Typically, the process is organization-wide, or focused on a major function such as a division, department or other major function”(McNamara, 2008). In order to plan effectively one must first make a clear assessment of the plan and have an analysis on the corporations mission statement and objective.
Strategic planning involves taking information from the environment and deciding upon an organizational mission, and upon objectives, strategies, and a strategic architecture. There are many different ways to go about deciding on your mission. Michael Porter, a researcher from Harvard, had a few ways for developing frameworks for developing an organization’s strategy.
Strategic planning is the management activity of an organization to achieve the organization’s goals through setting priorities, focusing activities and resources, working of employees and stakeholders, agreement establishment, and evaluation of the organization’s direction (Balanced Scorecard Institute, 2015).
Strategic planning can dictate the success of any organization if properly planned as well as the failure of an organization if not implemented as planned. Strategic planning is all about making choices. It is a process designed to support leaders in being intentional about their goals and methods. Simply stated, strategic planning is a management tool, and like any management tool, it is used for one purpose only—to help an organization do a better job. This portion of the strategic plan will explain why an
Strategic planning what is it exactly? Well it matching organizational objectives and capabilities to the demands of the environment and produce plan that hopefully ensure that the objectives are met. There are different type models of strategic planning like Real-Time Strategic Planning, Organic Strategic Planning, Issues-Based Strategic Planning, Conventional Strategic Planning and Alignment Model of Strategic Planning. Strategic planning usually deals more one particular issue. There are two examples of strategic planning that I would like to talk about and compare one is Oak ridge Tennessee and Hennepin County, Minnesota.
Strategic Planning is the process of developing and maintaining a strategic fit between the organizations goals and capabilities as well as emerging market conditions and opportunities. This process begins with a clear company mission statement. However, this is only a small piece of a dynamic and perpetual process. Other activities involved with strategic planning also include setting supporting organizational objectives, designing a sound product mix as well as coordinating functional strategies. Strategic planning works to set the groundwork for the rest of the subsidiary planning functions in the company.
Managing a strategic plan is about setting the underpinning aims of an organization, choosing the most appropriate goals and fulfilling them overtime (Masood et al., 1995). Furthermore, managing a strategic plan can be defined as the art of formulating, implementing and evaluating cross-functional decisions that helps as organization to achieve their objectives (Analoui & Karami, 2003, p. 5).
Strategic planning involves making decisions about the organization’s long-term goals and strategies and how the organization decides to implement their goals (Bateman, Snell, Konopaske, pg. 113). Strategies help organizations to have a clear perspective on how to go about accomplishing the goals they have in place. All organizations have a clear vision of what their mission and purpose as a company is, they know how to fulfill the mission, vision, and purpose and they know how to ensure that they accomplish all their goals. However, the route the organization takes to define these things determines how effective they will be.
Strategic planning is "a disciplined effort to produce fundamental decision and actions that shape and guide what an organization (or other entity) is, what it does, and why it does it" (Herman, The Jossey-Bass Handbook of Nonprofit Leadership and Management, 155)
According to literature, strategic planning is vital for strategic management. Burgelman (1994) points that strategic planning is a process which decides how, when and who is going to plan and how the results will be implemented. Drucker (1974) identified that the planning for an organization’s future that includes setting major overall objectives, the determination of basic approaches to be used in
Strategic planning is the process of gathering information from stakeholders, market players, professional entity, and government agency. The purpose of gathering information is formulating a realistic and a workable framework that any organization can implement and work with. Evaluation of information is a key aspect in determine the kind of plans that the organization wish to a chive over certain a period. Strategic planning ensures the implementation is, crafted well, and parties involved be acquitted with it. Developing a good Strategic plan helps a company to implement its missions and visions effectively, and helps the company to evaluate
Strategic planning clearly defines organisations’ objectives and assesses both the internal and external situation to formulate strategy, implement the strategy, evaluate the progress, and make adjustments as necessary to stay on track (Bradford et al, 2008). According to Robbins and Coulter (2005), the strategic management process model is given below:
Strategic Planning is the process of developing and maintaining a strategic fit between the organizations goals and capabilities and its changing marketing opportunities.
Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals,