Strategic Planning Vs Strategic Intent Thinking Conventional Essay

Length: 4 pages Sources: 2 Subject: Business Type: Essay Paper: #38896266 Related Topics: Strategic Thinking, Strategic Analysis, Strategic Plan, Critical Thinking
Excerpt from Essay :

Strategic planning VS strategic intent thinking

Conventional strategic planning refers to guides created by an Organization or a business to map out how it will reach its goals and setting the foundation to the entire organization to know what is expected of them. This provides the organization with the clear view on how to achieve a stated vision for the chosen potential market target and how a company can attend and serve its customers consistently effectively so as to get profits all the time and not losses.

Eton Lawrence (1999) describes Strategic intent thinking as the purpose the organization is striving for or the intent goals of the company which helps in long-term planning of how to distribute work effectively among its members so as to achieve their goals.

Strategic intent thinking provides focus on members of an organization on how to divide their energy among themselves as they focus on their attention, to resist destruction and to concentrate as long as it takes so as to achieve their goals.

Strategic thinking and strategic planning are interrelated and complementary since they are both necessary in a strategic management process because each on its own is necessary but not sufficient. For one to succeed, he must use both strategic thinking and strategic planning.

Chaudron (2008) says that concepts of Conventional Strategic planning includes;

Vision- This shows the clear picture of how the organization will look like and how I will operate in future. It also shows the products the company will produce, major markets to be served, there competitors and the company's corporate structure.

Mission-This is a precise statement that shows what business the company is dealing with, which markets are to be served and how the company provides value to its customers

The statement of value shows the precise statement about the company's belief and their guiding principles which includes integrity, product quality customer relationship,

...

Statement of value guides the behavior of people in an organization.

Gogo Erokosima (2011) says that the strengths and weaknesses of an organization should also be included in a strategic plan. One way of determining such strengths and weaknesses is by conducting the SWOT (strength, weaknesses, opportunities and threats) analysis.

Goals and objectives- The company should indicate its goals and both long-term and short-term objectives in the strategic plan to show what they want to achieve and what they are working towards both in near future and in many years to come .The goals and objectives should be specific, measurable, achievable, realistic and time-bound.

Concepts of strategic intent thinking

System perspective- One should have a mental model of the complete system of what he/she wants to deal with from the beginning to the end and make sure that he understands the whole chain without leaving anything out.

Intent focus- This refers to the long-term objectives of an organization for example long-term market and competitive positions that a firm wants to build in the long run.

Intelligent Opportunism-This is an idea of openness to the new experiences in the environment which allows one to take advantage of other opportunities which are alternate to the ones available that may merge as more relevant…

Sources Used in Documents:

References

Chaudron, (2008).Conventional Strategic Planning without Scenarios. Retrieved November 15,

2011 from http://www.organizedchange.com/summary%20of%20conventional%20strategic%planning.htm

Eton Lawrence (1999). Strategic thinking. Retrieved November 15, 2011 from http://www.csun.edu/bus302/course/materialcase/strategic.thinking

Gogo Erokosima (2011). 4 Conventional Strategic Planning tools for Business Executive
Entrepreneurs and consultants. Retrieved November 15, 2011 from http://ezinearticles.com/?4-Conventional-Strategic-Planning-Tools-For-Business-Executives,- Entrepreneurs-and-Consultants&id=4820030
2011 from http://www.fpm.iastate.edu/worldclass/strategicplanning.asp


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