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

1230 Words May 1st, 2016 5 Pages
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 would like to discuss about the formulation of an effective strategic plan and initiatives taken by organizations for employee development.

A strategic plan can be defined as a plan of, how to formulate strategies to establish the goals and objectives of an organization. A strategic plan gives a clear picture of organizations long term goals and sets a plan of action to reach that goal. To formulate an effective strategic plan, an organization has to follow certain steps namely

1. Clear idea of mission and vision.
2. SWOT analysis
3. Future forecast
4. Analysis of market competition
5. Establishing goals and objectives
6. Plan of action

Let us now analyze each of them in detail.

(A).The Mission and Vision are the two important aspects that…
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