Importance of Strategic Planning

1247 Words Oct 26th, 2008 5 Pages
Importance of Strategic Planning

Strategic planning has a focus on stabilizing the current environment, and it also support the organization 's business plans and goals. Strategic planning helps to implement new projects, new technology, consolidation of data centers, data warehouses, exponential data growth, cost of ownership, and resources available in an organization to assess the future requirements. Strategic planning analyzes the business plan, potential blockage or other issues in the current architecture, processes and their implementation in new initiatives, and processes. Strategic planning helps to formulate the ideas about the key factors that are affecting the present and future development of the organization and the
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The ability to learn from the experience helps an organization to correct its strategic destination and increase professionalism in strategic management. The success of an organization provides continuous desire of management to learn from experience and predict the future.

However, strategic planning cannot give the whole picture of the future. The outlook provided by strategic planning does not describe in specific details the internal and external position of an organization, but rather an overall scenario which can be categorized as a possibility only. When considered in its entirety, strategic planning is a combination of intuition and art of setting and achieving goals by executive management based on analyzing and planning skills.
When fulfilling a strategic planning the developing of plan is usually stressed; however, the most important component of it is the realization of this plan. This requires the creation of an organizational culture that makes it possible to realize the strategies chosen, forming a system of motivation, achieving certain flexibility within an organization, etc., that is using all the tools of strategic management.

Stages of Strategic Planning

There are many strategic steps in planning. One is cause and effect purpose is to identify which input variables are most important to explaining
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