EXECUTIVE SUMMARY A strategic plan has financial and other implications over the next several years of implementing the company strategies. And strategies come in different forms and magnitudes. Since strategic plans covers a relatively long range of period, difficulties in maintaining the organization’s effort to keeping the strategic plan arise. The Quaker Oats Company began long range planning in fiscal 1965. The plans created that year and annually thereafter were primarily numbers-oriented estimates of income and requirements of capital.
Mr. Robert D. Stuart Jr. announced in September 1970 announce the reorganization of management structure. The reorganization decentralized all operation into four major profit centers.
Harry
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Stuart and Guinee on the expectations regarding the formal planning system. a. Content of long range planning. b. Status quo for short range planning. c. Covered period of long range planning. d. Responsibility of developing of plans. e. Approval of Plans f. VP-Finance and Planning – format and administration of short and long range plan. Responsibilities of individual departments in finance and planning as shown in Exhibit 3. g. For both planning process to commence January 1971 and concludes of the same year. h. Review and responsibility of long and short range plan. 5. Four functions were assigned to four major groups. 6. Different kind of factors are at work in the long term planning because many of these factors are very intangible their handling requires the use of a disciplined, logical, technique. 7. How tight the linkage between long-range plans and short range plans should be.
ANALYSIS
Though Mr. Harry T. Ambrose has a significant experience with The Quaker Oats Company, his deficiency in exposure to environment of long range planning could hamper his performance at full capacity to his position. The reorganization in 1970 will require time for managers to adjust with the new setup.
The previous long range planning of the company were primarily focused on financial figures. Strategic planning is not only about financials aspects, this procedure requires
| Most successful companies utilize business strategic planning to set priorities and goals for the organization's future; outcomes include short-term goals and long-term strategies. A clearly written, well designed strategic plan can align business units, divisions and employees so that the vision of the management team and the mission of the company can be fulfilled. As companies evolve and the environment changes it is critical for companies to maintain a disciplined execution of the strategic plan.However, if they are not
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
In his article, “The Fall and Rise of Strategic Planning,” Henry Mintzberg (1994) provides his views on the process of strategic planning. He offers that most companies and organizations start a strategic planning process with little understanding of the definition or actual purpose of planning. He tends to admonish much of the conventional understanding concerning strategic planning and proposes his interpretations. He states that “the most successful strategies are visions, not plans” (Mintzberg, 1994, p. 107).
As a company of this size, corporate planning is a vital function to deal with external and internal factors, in which, the company's goals or objectives are achieved. In addition, a well-defined strategic planning implemented will be the guidelines in dealing with each factor, such as, globalization, innovation, and
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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.
According to Soriano, the companies had developed their budgeting and long-range planning system several year earlier but, despite the many advantages these gave them, they still were not satisfied with their ability to respond to the rapid changes in the environment around them. They, therefor, search for a process that would enable them to upgrade their planning capability.
Glaister, K, W and Falshaw, J, R, 1999, ‘Strategic planning still going strong’, Long Range Planning,
In this case, we have really two different points of view: in one side, there is Philip Anderson, the Phoenix branch manager of Stuart & Co., who manages a team with his ways, his idea, his experience but the results do not reach the targets fixed by the firm. In the other side, there is the direction of Stuart & Co., which has opposite ideas to Philip Anderson.
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activities are combined and arranged into a working plan for the desired period. The usefulness of
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