Strategic Planning Paper

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     The history of strategic planning begins in the military. According to Webster's New World Dictionary, strategy is "the science of planning and directing large-scale military operations, of maneuvering forces into the most advantageous position prior to actual engagement with the enemy" (Guralnic, 1986). Although our understanding of strategy and applying strategic planning in management has been transformed from a point of military maneuvering to one that aim’s to achieve and gives a structured framework to reach a competitive advantage.      Taking its name and roots from the military model, early models of formal strategic planning "reflected the hierarchical values…show more content…
"Strategic agility" is becoming more important that the strategy itself, because organization's need to have the ability to succeed by demonstrating quick adaptability to change and transform itself based on changing climate, continuously. “Being strategically agile enables organizations to transform their strategy depending on the changes in their environment" (Gouillart, 1995). Entrepreneurs and business managers are often so preoccupied with immediate issues that they lose sight of their ultimate objectives. That's why a business review or preparation of a strategic plan is a necessity. This may not be a recipe for success, but without it a business is much more likely to fail. A sound plan should: Serve as a framework for decisions or for securing support/approval, Provide a basis for more detailed planning, Explain the business to others in order to inform, motivate & involve, assist benchmarking & performance monitoring, Stimulate change and become building blocks for the next plan, and for inspiration. A strategic plan should not be confused with a business plan. The strategic plan is a short document whereas a business plan is usually a much more substantial and detailed document. A strategic plan can provide the foundation and framework for a business plan. A strategic plan is not the same thing as an operational plan. The strategic plan should be visionary, conceptual and directional in contrast to an operational plan which is
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