Ritz Carlton Strategic Planning Essay

Hunger, J. D., & Wheelen, T. L. (2011). Essentials of strategic management (5th ed.). Upper Saddle River, NJ: Pearson Education.

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

In depth planning comes to life at any opening of a Ritz-Carlton location. The process of strategic planning and managing is in high action when a venue opens for the first time at the Ritz-Carlton. A “seven-day-countdown control plan” is synchronized (Partlow, 1993) to where top executives and other senior leaders personally instruct

Organizations that want to survive, thrive and do important and valuable work must respond appropriately to the challenges they face (Bryson, 2011). Bryson defines strategic planning as “deliberative, disciplined approach to producing fundamental decisions and actions that shape and guide what an organization is, does, and why” (Bryson, 2001, pg.8). There are many benefits that the Ohio Department of Natural Resources (ODNR) Division of Water Resources could gain from strategic planning. These benefits include:

Every organization should have a strategic plan to achieve its goals in a limited time period, the strategic plan has many variable models. The strategic planning process that we studied needs a collaboration between the organization’s staff, board members, and strategic plan committee. This strategic planning process has ten guide steps.

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

For a goal-oriented person, a strategic plan can set direction and serves as a template for consistent decision making that moves the organization toward its envisioned future (Zuckerman, 2013). On the other hand, Zuckerman (2013), poses a different perspective that states that strategic planning may not be strategic after all, becomes as I explained before, it can become a checklist technique that lacks innovative practices. However, the outcome of the strategic planning process relates further to the mission and vision of those who are developing the strategies than in the planning within itself. Therefore, the reality is that strategic planning can be as straightforward and complex as an organization wants it to be. Therefore, if an organization envisions growth, the proposal needs to provoke that, and if a team is only planning to organize itself; then, the plan can be subtler. Therefore, organization can review plans as often as yearly and can last as long as five

The organization that I chose to do a strategic plan on is my wife’s business “A Piece of Jamaica”. It’s extremely small right now, she is currently running her business out of our home, I will be discussing the products that she will be selling and the possible competitors that her company many face in the near future. I will be explaining its current situation in the market and develop an S.W.O.T to distinguish its potential growth and find ways to make it better. I will develop and implement a strategic plan that will assist in the betterment of this company.

Strategic plan is very essential in every business because it is a tool for any organization and it is the gate way or road map for any business to lead into the successful path. For every organization strategic plan is every important and necessary

Strategic Planning is one of the most fundamental factors in the success of an organization. This research project will discuss the importance of strategic planning as well as the different components of strategic planning. Many organizations fail to accomplish their goals and tasks due to the lacking of strategic planning. In order for their businesses to be successful, organizations need to be well informed about how the strategic planning process works.

The Ritz Carlton is synonymous with luxury. The strategic planning throughout all aspects of it experience has contributed to their reputation as a world-class luxury hotel. Ritz Carlton’s ability to remain so successful has not been by accident or luck but by implementing a business plan that “has reevaluated its service design processes in order to deliver more experientially based employee and customer engagement.”(Nixon & Rieple, 2010)

The strategic management process is sometimes improperly perceived as a unidirectional flow of objectives, strategies and decision parameters from management to the employees. In fact, the process should be highly interactive since it is designed to stimulate input from creative, skilled and knowledgeable people working at every level of the business.

Per John M. Bryson, strategic planning, if properly conducted, can help the leaders and managers of public and non-profit organizations think, learn and act tactically. Strategic planning enables organizational leaders and managers to first identify their organization’s mission and/or purpose. Thereafter, the planning process permits these leaders to pinpoint the actions and activities that will enable the organization to achieve its mission. Finally, the planning process requires the organizational leaders to synthesize objectives and activities into a blueprint or concrete plan of action under which the organization will conduct its business.

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