In a Dynamic Business World, Phrases Such as 'Strategic Planning', 'Marketing Planning' or 'Change Management' Are Oxymoronic!

Strategic planning is an integral process of an organization defining its strategies and direction and making decisions to allocate available resources to peruse laid strategies, which provides the organizations which a competitive edge over their competitors.

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).

I agree with your analysis of what makes strategic planning relevant. Since the implementation of the Affordable Care Act, strategic planning is a vital factor in organizational focus, and stakeholder commitment as you made mention. The healthcare strategic model used by Zuckerman is a great demonstration of how planning has evolved within healthcare. The chaos of new policies such as the ACA combined with a dynamic environment of practitioner shortages is why planning is applicable today. I also agree that organization performance can be vague in terms of a strategic plan. The reason, I believe for this, is healthcare as a business has a financial bottom line perspective; whereas, a nonprofit healthcare organization has a double bottom line

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 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.

In his article, “The Fall and Rise of Strategic Planning,” Henry Mintzberg (1994) provides his views on the process of strategic planning. He offers that most companies and organizations start a strategic planning process with little understanding of the definition or actual purpose of planning. He tends to admonish much of the conventional understanding concerning strategic planning and proposes his interpretations. He states that “the most successful strategies are visions, not plans” (Mintzberg, 1994, p. 107).

A strategic plan is the procedure That can either address a business as a whole or just parts of the business. Marketing strategies are originated from strategic plans. Marketing plans and sales plans are vital to create to successful business. Restructuring is when a company is reorganizing the overall structure of the company from structural, legal, and operational

Without formal planning, a company might misunderstand its purpose, the focus of the business will be unclear to managers, and resources will wasted. “…the sum total of the organization’s effort might yield suboptimal results or outcomes or yield optimal results that do not directly or indirectly contribute to the organization’s purpose for existence” (Simerson, pg. 2). With this mind, it becomes clear why it is so important for businesses to come up with the right strategic plans, which lead to creating the right tactical plans, which lead to creating the right operational plans, so that the goals that have been set by the strategic plans can be

The purpose of this report is to understand what a big successful firm should apply and do in a well fast developed world to facelift and revamp itself over time and to overcome any situation. Strategic planning, innovation & managing change are the keys most of the companies in the commercial world embrace. It is a powerful technique, and one of the most important factors to design & paint a successful future path to all firms.

To businesses today strategic planning is not just an idea, it defines a way to build a brand, customer loyalty, produce and grow long-term revenues which enables an organization to achieve its objectives. (David, F., 2014) Strategic management is a fundamental part of business which assists in sustainability of the business and helps create value for a business. Without the right mix of strategic planning a business can lose market share to their competitors; hence profits. Since 1994, Amazon has been paving the way for both e-commerce and traditional brick and mortar retail companies.

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 is the process a company uses to develop and maintain a strategic fit between their goals as an organization and their capabilities of meeting demands in a fast-changing market. Strategic planning helps companies take advantage and adapt to the opportunities that it’s ever changing environment throws at them. There are four steps to strategic planning. Marketing plays a large role in the strategic planning, because the plan is finding ways to take advantage of the market to increase business.

Strategic Planning is the process of developing and maintaining a strategic fit between the organizations goals and capabilities and its changing marketing opportunities.

The most important part of the report was the control process, here I have suggest some control techniques to make the business more effective and developed contingency plans to come out successfully if any unpredicted or incident happen in the internal or external environment.