Strategic Planning For An Organization

Therefore the strategy plan should process with a strong leadership. The organisation should be having a clear direction and good leadership to guide the organisation towards this direction. If everyone is waiting for someone else to make it happen, then it only causes to failure. Leadership set the clear direction for achieves goals. Leaders are ensure that communicating with stakeholders their vision and ideas. There for basically, leaders should have clear understand about vision and mission of organisation (Rainey, D, L 2010).

Second, the company’s vision. The need for strategic thinking is driven by problems and challenges. Strategy process is driven by the vision. There has to be a vision, or nothing happens. The more powerful and imaginative of the strategy depends on how clear the vision is. Revenue goals, market share goals, values, culture and purpose must be included in the vision. Reviewing the mission, vision, and values every year will ensure the

Collaboration in an organization's strategic planning process is the physical embodiment of the organizations key stakeholders, decision makers and committees, as a single unit to define points of issue, adapt a strategy to address these issues, and draft a plan of action to ensure the alignment of corporate policies and procedures with the mission and vision of the organization.

Kozami (2002) stated that strategic plan goes beyond formalize the effort goes into strategic planning but also communicate to the internal and external stakeholders of what the company stands for along with future

The actors that would be involved in the strategic plan would be: the Business Office Director, the Head Carpenter, and the Director and Deputy Director of Information Systems.

All organizations have a mission statement and a vision for the future. Every organization should know where they stand, and have an idea of where they see themselves five to ten years from now. To make their vision a reality, they must set goals and make specific plans. The two major types of planning used by organizations to achieve goals are strategic and operational planning. Goal setting is imperative to organizational growth, but without planning those goals may not be attainable. Top-level managers, as well as frontline lower level managers must work together if they want their organization to succeed. As stated by Cascella, (2002) “most business leaders recognize the importance of strategic planning, but few succeed in translating their strategies into business results”(Cascella, 2002, Pg.1). Everyone in the organization must understand the strategic and operational plans and how to act on them. Without this balance and understanding, there will be no improvements to the business or their customers.

An absolutely essential factor in strategy implementation is making sure that all of the important stakeholders understand what the organization is trying to do, and how they will do it. Without the transmission of information, plans would only be understood by the small group who where involved in the decision-making process, leaving others isolated and uninformed, meaning there would be no movement and the strategic plan would be doomed. Effective communication is crucial to successful change. It occurs with the encoding of a message by the sender, a decoding by the receiver, and allows for feedback to clarify (Longest & Darr, 2014, p.674). Ginter, Duncan, and Swayne (2013) note that all members need to be engaged for successful implementation of strategic management, meaning information should be disseminated using top down, bottom up, and horizontal methods (p. 389). This essay discusses the use of a structured process to communicate the strategic plan to stakeholders.

It is known that the ultimate purpose for a company is to set and achieve their business goals. A firm’s strategy is a plan that offers a number of guidelines for an organisation to achieve success by fulfilling their business goals (Cambridge Dictionary, 2016; Merriam-Webster, 2016). For example, it can identify a company’s capabilities, examine the changes in the market, and forecast the possible future of a company. As a result, having a strategy is one of the crucial elements for developing a business. Planning plays an important role in strategy (MacIntosh & Maclean, 2014). Strategic planning includes several analysis activities, for instance, industry analysis, value chain analysis, and stakeholder analysis. This essay will discuss my experience in doing strategic work. In this essay, it will first describe how and what my team members and I did on strategic planning, including our acquirements and the difficulties we faced during the group work. Next, it will be followed by my reflection of doing strategic work as a group compared to doing strategic work individually.

A strategic plan is an important aspect in any business. In order to be successful, a company must have goals, be capable of creating a path to achieving them, and be successful in implementing the strategy to reach their goals.

In the business world, strategic planning is an essential process for successful businesses, which helps to shape their future path. Unlike other planning methods, strategic planning is a long term planning process which can include a tree to five year look-ahead. Strategic planning is used to give all employees, including management, focus and direction, as well as the ability to keep an end goal in sight. This task, normally conducted on an annual basis, is given to senior management and can take several days to complete.

Strategic planning process includes conducting a situation analysis, generating a mission statement, objectives, value proposition and strategies (Tanner, Jr. & Raymond, 2012). These steps help an organization allocate resources taking various market conditions in to account while still meeting objectives, delivering

The strategic planning is just a requirement in modern times to anticipate the changes, to adapt to the changes and to take a perfect decision regarding those strategies.

The strategic is a long and tedious process and an organization needs to take the time to prepare to the time and effort necessary to complete the strategic planning process. During the preparation to plan stage organizations can look at past planning methods, what worked and what didn’t, and what methods are available that may be beneficial to the organization. Organizations during this stage will determine how much and resources will be needed and dedicated to the process. Not only will an organization need to determine the time and resources needed but they will need to determine who is going to be part of the strategic planning process, will they use internal and external facilitators, or stick to internally only, or use external facilitators for the planning process. Once an organization has properly prepared for the strategic planning process and the organization is ready to move forward to the next stage in the process.

The process manager is an expert whose role is to improve the processes of the NPD practice (Jurgens-Kowal, 2010). Also, they are meant to train the NPD team on evaluation methods and guidelines (Jurgens-Kowal, 2010). According to Jones (2014) there are five important roles for the process manager, they need to be an expert with the NPD process, an educator, a scorekeeper, a facilitator, and an interpreter. According to Forbes (2012) the process managers are a senior management team member that understands the operation requirements of the business and corporate strategy. They need to be committed to process improvement and management ideas (Forbes, 2012). The most

In discussing the significance of Strategic Planning it is important to clarify the process, though complex, in a definable manner.