Strategy Planning For A Strategic Planning

The Mission Statement is a vital component in the strategic planning of a business organization. Creating a mission is one of the first actions an organization should take. This can be a building block for an overall strategy and development of more specific functional strategies (Abrahams, 1995). By defining a mission an organization is making a statement of organizational purpose.

The vision, mission statement, and the company values help direct the company’s strategic plan. The vision statement provides the direction the company desires to head. By knowing where the organization wants to be in the future the strategic plan will be developed accordingly to the desired outcome. The mission statement tells the potential customers what the organization is all about and creates a snap shot of the organizational values. The strategic plan is formulated to provide the backbone of the mission statement. Finally the organizational values help keep the core values in

(1) The management team must adopt a strategic management plan. First of all, they have to develop a clear vision and a mission statement to inspire and motivate all the frameworks for the company’s future strategic planning. According to “Mission Statements and Vision Statement” (2011), “by crafting a clear mission statement and vision statement, you can powerfully communicate your intentions and motivate your team or organization to realize an attractive and inspiring common vision of the future” (p.1). The management team should create a mission statement that describes the company’s purpose and primary objective. For the vision statement, it should include the company’s value and purpose of the company. With a clear vision and mission statement, management and employees would be able to follow the right direction as a team. They also need to define “who their customers are, what products and services it supplies, and how these products and services are provided” (BUSN 460 Week 1 video, slide 3).

The first step in the strategic management process is to establish a mission and vision for your organization. When establishing an organizations mission, the intention is to display and express the justification of your business. Furthermore, the vision should explain what the organization plans to accomplish and become in the future (Kinichi and Williams, 2016).

Strategic planning involves making decisions about the organization’s long-term goals and strategies and how the organization decides to implement their goals (Bateman, Snell, Konopaske, pg. 113). Strategies help organizations to have a clear perspective on how to go about accomplishing the goals they have in place. All organizations have a clear vision of what their mission and purpose as a company is, they know how to fulfill the mission, vision, and purpose and they know how to ensure that they accomplish all their goals. However, the route the organization takes to define these things determines how effective they will be.

mission and vision. The plan takes on a broad perspective of the organization and is accomplished

Vision provides the organization with a set of goals as articulated by the strategic leader. A mission or a vision provides a general plan and assist the organization with being able to successfully determine appropriate means and resources to achieve the end state as articulated by the leadership. In a sense, the strategic leader’s vision provides a roadmap to the subordinate personnel within the organization.6 With this, leadership can measure success and assist in the development of the means, to successfully meet the organization’s objectives or end state. Without a clearly articulated vision, members of an organization, regardless of whether it is the military, another government agency, or a large corporate enterprise, can squander organizational resources on objectives that may not fall under the realm of the strategic leader’s vision. Inclusive of having a vision, a complementary aspect is that it has to be within the scope of practicality. The goals stated in the vision must be obtainable. The primary reason that vision is important is because it gets the people within an organization focused on the mission. It also educates those outside the organization, such as Congress and the American people, who may assist with achieving organizational goals or objectives.7

In effect, strategy is the pattern of actions managers employ to achieve strategic and financial performance targets. They suggest that the firm's mission and objectives combine to define "What is a business and what will it be?" and "what to do now" to achieve organization's goals. Therefore a strategy is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. It is also an overriding purpose that can align and mobilize all parts of the organization.

When it comes to strategic management many defined it as the management that link strategic planning decision-making. It is sometimes over looked unless it is specifically brought up when it comes up in strategic planning. With this management in place an organization can achieve its long-term goals. As well as plan out its future goals and endeavors for the organization to be successful. Strategy itself has many forms and levels as well; it is broken down into smaller parts of planning. For strategy there are usually four parts to it. Having the overall Idea is the first step, it consist of everything what you are trying to accomplish and what is trying to get done. After that you go into how to do it and break down the procedure of what you are trying to do as well. After you have the planning and operational level, when you plan and let the operation of the plan go into effect. Implementation is the last step when you actually put all of your planning into affect and see the results of it as well. Strategic management consists of six key elements, using these tools can assure a successful strategic plan. These tools are; Vision, Mission, Core Value, Strategic areas of Focus, Strategic Goals, and Action Plan. When creating a successful strategic management plan you must include these elements. Each is necessary in creating a blueprint that will not crumble. Having the correct vision of a strategic plan can help you plan out and create a mental picture for the goal you

In the following task the strategic context and terminology (missions, visions, objectives, goals and core competencies) together with a evaluation of problems involved in strategic planning and different planning methods will be clarified.

Why might a business need to have a strategic focus? Companies do not always realize the importance of a strategic plan. Some think they can just start a business and it will run itself. Educating their employees on strategic planning, and having a strategic focus is an important part of a successful company. As an executive of a corporation, it is their responsibility to demonstrate a strategic-minded approach.

Strategy Formulation - developing a corporation’s mission, objectives, strategies and policies Situation Analysis - the process of finding a strategic fit between external opportunities and internal strengths while working around external and internal weaknesses

Crafting such a strategic vision and mission is first on Lussier and Achua’s (2016) list of the strategic management process breakdown. Knowing the three directional parts (where the organization was, where it is currently, and where it would like to go) is absolutely vital for the strategic leader to create clear vision and mission statements. (The vision statement is the future aspiration, whereas the mission statement surrounds the present purpose of the organization.)

If an organizations purpose is not clearly defined, a well-designed strategy will not work. Ensuring that the organization has clearly defined mission statement will give light to the organizations purpose and provide a blueprint from which to construct a strategic plan. Businesses of all types establish their purpose to reflect their goals and direct all efforts to achieving them. Human resource managers must ensure that the organizations employees understand the mission and what is required of them to reach organizational goals. Employees that do not understand the mission of the organization will not feel as if they are a part of the team they will feel as if the goals are not theirs to achieve and there will be no esprit de corps among the employees and managers. Strategic planning is successful when

A strategy is said to be a plan that is made for the long term success of a product or brand. It is extremely important to have a strategy in order to figure out a direction towards which any company is able to focus all its resources efficiently and achieve desired outcomes. Formulating effective strategies is a considerably long process in itself that combines analysing several factors, situations and issues that are already present in a company and looking to improve on them alongside trying to implement various innovations and ideas to collectively create a direction towards which they can move and direct the resources available to them.