Strategic Planning : An Organization Essay

Strategic planning is the overall planning that facilitates the good management of a process by taking employees outside the everyday activities of their organization and provides them actual representation of what they are doing and where they are going. A Strategic planning process includes mission statement, goals for accomplishing mission, approaches for implementing goals, action plans and monitoring and updating of plan. Various models/techniques such as iconic, analog and quantitative are used for different phases of decision-making (Intelligence, design, choice, implementation and

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

Now days to survive in the market it’s very important to have competitive advantage over your competitors. Strategic planning helps us to get the competitive advantage so that organization can increase their market shares and earn more profits and also accomplish their work in appropriate and

Mueller-O’Keefe Memorial Home and Retirement Village, is a continuing care retirement community, which is not for profit and strongly faith based. This home is affiliated with the Evangelic Free Church, and all the board members besides one belong to this church. Alongside the board members almost half the residents that live there belong to the church as well. The home is now facing several challenges when it comes to developing long-range plans and need to do something about it. Part of the problem lies that they are used to making decisions in a “seat of pants” kind of way and it’s hard for the board to adjust. There are three major focus areas that the board needs to come up with a plan for, creating a mission statement, make a business plan to expand services and facility upgrades, and develop a financial management plan. In response to knowing they needed to do something they hired a consulting firm and Steve Cantwell was sent to work with the company. Cantwell felt comfortable working with the board, however, due to the board’s lack of knowledge, experience and judgement calls for health care planning, development and finance it was hard for the board and Cantwell to see the same visions.

The purpose of strategic planning is to help position the organization to achieve a larger competitive fit in its environment in order to accomplish its goals (Plunkett, Allen, & Attner, 2013). A strategic plan looks at everything an organization could accomplish and confines it to the things it is essentially good at doing and assists in deciding where to spend time, human capital, and money. There are several steps organizations should follow in the strategic planning process. The strategic planning process begins with the construction of a mission statement and goals. Strategic planning needs managers to frequently analyze the internal and external environments by evaluating strengths, weaknesses, opportunities, and threats; reconsider the organization 's mission statement, goals, and strategies for continual significance, making amendments as necessary; formulate a strategic plan having goals, strategies, and resources; apply the strategy or strategies; and monitor and evaluate the results (Plunkett, Allen, & Attner, 2013).

* Goals-based planning is perhaps the most common as it starts with a focus on the organization's mission (and vision and/or values), goals to work toward the mission, strategies to achieve the goals, and action planning.

An organization needs to do Strategic planning when their current organizational objectives are no longer being met. However, when the current strategy is producing favorable results then there will most likely be no change or need for change in the organization (Greenberg, 2005). In the case of the Software Firm, there is clear need for a change in strategy and therefore need for strategic planning. The current organizational objects are no longer being met and therefore the new organizational objectives will require a new strategic plan. It has been decided that the company will take steps to move in a completely new direction, and therefore new objectives will be established along with a new strategic plan to meet these objectives.

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.

There are many opportunities to capitalize on providing consistency of strategic planning, which will improve business efficiencies by undertaking continued systematic evaluations of all processes and overhead costs of the business economic performance. Companies can find the basis of developing a strategic plan by understanding the functionality of the company, the structure of organizational change, the impact of the strengths and weaknesses of the organization, and abiding by the company’s mission.

Planning means to look ahead and chalking out future courses of action to be followed. It is a preparatory step. Planning is an important function of management. In the absence of planning, all the business activities of the organization will become meaningless. It determines how and who is going to perform a specific job. Planning is about identifying and selecting appropriate goals and courses of action; one of the four principal take of management (Bethel University, 2006). Planning is always done for the future. Each goal should have financial and human resources projections associated with its completion. Each goal should have tasks or projects associated with its achievement. Strategic planning determines where an organization is going. It serves as framework. The most two important task that need to be done before a strategic planning. You need to review the organization and review the internal functions within the organization.

Before a business can strategically plan for the future, it must understand the overall strategic management process. According to Abraham (2012), “Strategic management is nothing less than steering and managing a company to be successful over time—not just for the next quarter or year, but for the long term.” (sec. 1.1). Many questions will be answered during this process. “What direction should the company go in, what industry will it compete in, and what products or services will be featured?” (Abraham, 2012, sec. 1.1). Strategic planning and strategic implementation are the two primary parts of strategic management. This paper will focus on strategic planning. The purpose of this paper is to describe a detailed strategic plan for The Club at Hidden Creek that will allow it to grow over the next three years. This paper will present Hidden Creek’s history and current business purpose, the present situation of Hidden Creek in the Northwest Florida golf market, and a complete Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis.

The CRP is working towards an ambitious vision and has several mechanisms that can ensure it reaches its goal. This includes having the tangible and intangible resources from partners, the strong leadership from the CRP embraces, and the continuous development of a strategic plan. Resource mapping is a key way to understand how much and what type of funding you will need from the partnership to successfully complete projects (Tennyson, 2011). Tangible resources such as capital and grant funding are crucial for a partnership focusing on economic development. The CRP benefits from stable provincial funding with additional revenue from membership fees from municipalities (Region, 2013). Intangible resources for the partnership that are used

Organizations and industries today have undergone rapid and accelerating change, creating uncertainty and complexity in the business environment. Markets are increasingly competitive and pressured to do things faster, better and cheaper. They are challenged to develop new organizational characteristics such as expertise and innovation in order to quickly respond to changes in technology and customer preferences. Organizations can no longer rely on traditional analytical approach to understand their industry. Nowadays, intangible assets are just as important as physical assets and the Balanced Scorecard (BSC) is an innovative approach that considers the financial and non-financial perspectives in determining the performance level of an organization.

In successful launch of our Chocolate Bouquet, we are thankful to several people without whom the launch would not have been possible. Worthy of our gratitude is the course instructor for providing us different information. We thank the professionals working in chocolate industry whom we have visited, consulted and got information. We thank our families for their support and coping up with our absences.

Strategic planning is a management process that is utilized to set needs, center vitality and assets, reinforce operations, guarantee that stakeholders and employees are progressing in the direction of shared objectives, establish a common understanding around expected results, and evaluate and alter an organizations direction based on an evolving situation (Mintzberg 1994). A strategic plan cannot be carried out with out employees that is why HR planning vital in strategic planning. When top level