It is the elephantine nature and long-term impact on organizational performance that sets strategic planning apart from other types of planning.Spell out these broad strategic intentions of the strategic plan in other types of plans, including business plans.Strategic business planning is the planning done by top managers to guide the progress of an organization as a whole.
It is the elephantine nature and long-term impact on organizational performance that sets strategic planning apart from other types of planning.Spell out these broad strategic intentions of the strategic plan in other types of plans, including business plans.Tags: Managerial Economics Solved ProblemsHow To Cheat On HomeworkBusiness Review Case StudiesDaydreaming Research PaperConsumer Math ProblemsArgument Papers On PenaltyTitles Bipolar Research PaperWhat Is An Abstract In A DissertationClinical Reasoning And Decision Making In Nursing Essay
In general, a strategic plan is a broadly defined plan aimed at creating a desired future.
In organizations, strategic planning is a systematic way of creating this plan.
This makes sense in a stable or very slowly changing environment.
At each stage the planner asks, "What must be done here to reach the next, projected stage of performance?
It begins with the desired-end and works backward to the present.
At every stage of strategic-planning the planner asks, "What must be done at the earlier stage to reach here? It is flexible in choice of its means of achieving the desired end state.
Understand that a strategic plan differs from a business plan in three ways -I define strategic planning differently to some others. Begin with a clear understanding of and commitment to the enduring purpose of the organization.
Strategic planning is a systematic, formally documented process for deciding the handful of major decisions that an organisation, as a corporate whole, must get right in order to thrive over the next few years.
The usual ‘business plan’ details the past, present, and forecast performance of the business in financial terms.
Therefore, it usually contains pro-forma balance sheet, income statement, and cash flow statement.