Strategic Planning Process Explain The Basic Steps Essay

Length: 4 pages Sources: 3 Subject: Business - Management Type: Essay Paper: #57794556 Related Topics: Process, Strategic Plan, Decision Making Process, Project Planning
Excerpt from Essay :

Strategic Planning Process

Explain the basic steps in the planning process

The steps included in designing a strategic plan are portrayed underneath. Although the process may appear rational and systematic, it is regularly iterative and evolves considerably over time. Furthermore, it is subject to political pressure and will be changed likewise. Some key planning efforts may not include all the steps depicted. The components and process depicted in the following segment must be altered depending on the context.

In a strategic planning process, the first step is to address the aspects relating to current organizational situation and the factors required for the success of the next steps. This includes the examination of the project's history and evolving contexts (both external and internal). Responses to the organizational priorities include attention to strengths and shortcomings and determine how to benefit from strengths (Sinofsky & Iansiti, 2010).

The next phase in the process is to identify the destiny of the organization. Since the identified vision is tied to the organizational values, it is fundamental for this step to maximize the efforts of the persons involved in the attaining the vision. For organizations and projects, the vision is later transformed into a vision statement: an expansive, far-reaching proclamation of the purpose behind the organization or program. Organizations may not have mission statements because they are likely to have various intentions. Assuming that organizations cannot design their mission statements to encompass different objectives, the organizers may articulate different mission statements reflecting the distinct objectives (Covello & Hazelgren, 2009).

The next step is the expression of objectives. The desired well-being of the community, organization, or program, objectives will be used to demonstrate the future direction of the organization or program. An illustration of the stated objective is that all households must be healthy by the year 2020.

After determining goals and articulating the vision, organizers should address...

...

This step includes articulating strategies for accomplishing results. Methodologies might as well reflect the strengths and shortcomings of the element engaged in planning. For instance, an extremely small organization must know that its size is likely to be both a shortcoming and strength. The size might constrain it to approaches that do not require extensive human resource commitments, but permit it to utilize methodologies demanding quick spread of data all around the association. Recognizing the relative strengths and shortcomings is helpful in recognizing promising techniques (Sinofsky & Iansiti, 2010).

The development of organizational system should incorporate attention of strategies for measuring goals. Some strategic planning processes may include this phase while others leave it to be addressed in a different procedure. Tending to goal measurement includes articulation of targets, pointers, and benchmarks. Targets are the transient conditions required to attain desired conditions of organizational success. Pointers are quantifiable measures of advancement; they give numeric appraisal of the intended well-being conditions. Benchmarks refer to performance level targets communicated in measurable timelines and terms against which genuine achievement is measured.

Steps in the decision-making process

Most managers and small business owners make decisions daily, tending to everything from regular operational issues to long-range strategic planning. The decision-making procedure of a director could be broken down into six notable steps. Although every step might be examined at length, administrators regularly go through all the steps rapidly when making decisions. Comprehension of the decision making process can improve the effectiveness of decision-making (Sinofsky & Iansiti, 2010).

Identifying Problems

In this process, the first step is to realize that there is a decision to be made. They cannot be made arbitrarily since they result from efforts to address specified problems,…

Sources Used in Documents:

References

Covello, J.A., & Hazelgren, B.J. (2009). The complete book of business plans: Simple steps to writing powerful business plans. Naperville, Ill: Sourcebooks

Leleur, S. (2012). Complex strategic choices: Applying systemic planning for strategic decision making. London: Springer

Sinofsky, S., & Iansiti, M. (2010). One strategy: Organization, planning, and decision making. Hoboken, N.J: Wiley


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