Implementing An Effective Strategic Plan And Initiatives Taken By Organizations For Employee Development

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Introduction What is an organization..? An organization is a social unit of people that is designed and managed to meet a need or, to pursue collective goals. Every organization has a management structure that defines the relationship between different activities and members of the organization. It subdivides and assigns roles, responsibilities, and authority to carry out different tasks. Organizations are open systems that affect and are affected by their environment. Website (http://www.businessdictionary.com/definition/organization.html) Strategic planning process The success or failure of an organization depends upon its way of implementing an effective strategic plan, people management and employee welfare. So, in this topic I…show more content…
The mission statement defines the scope of company’s activities and the vision statement creates a focal point over the goals and objectives of the organization. Example: The Indian based airline, Indigo defines its mission as,” Indigo airlines aims to become the top most leader in the low cost carrier airline segment of India, giving the best service and ensuring highest standards of quality and security at low cost to the customer”. The vision statement of the company says that “we are always on time, low cost, courteous and hassle free”. (B).The SWOT analysis, gives a clear idea and in-depth analysis of an organization’s Strength, Weakness, Opportunity, Threats. • Strengths include factors that play a major role in growth and success of organization, such as good availability of financial resources, technology, skilled employee, good will and brand value etc. • Weaknesses include factors that lag the organizations growth, or hurdles a company has to overcome in the long run, such as lack of funds, poor infrastructure, improper management, etc. • Opportunities of an organization are the possible ways of business expansion and additional revenue generation. Ex: market growth, product development and technological advancements. • Threats are the factors that pose a danger to the existence and survival of an organization. It may include factors such as new entrant
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