Business and strategic planning

Wikipedia, the free to: navigation, to be confused with strategic gy • strategic ry strategy • strategic gic planning • game l porter  • rita gunther henderson  • gary e a. Paine  • adrian oster  • chris mintzberg  • clay itive advantage  • experience chain • portfolio competency • generic analysis  • growth–share gic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. Strategic planning became prominent in corporations during the 1960s and remains an important aspect of strategic management. It is executed by strategic planners or strategists, who involve many parties and research sources in their analysis of the organization and its relationship to the environment in which it competes. Strategy can be planned (intended) or can be observed as a pattern of activity (emergent) as the organization adapts to its environment or gy includes processes of formulation and implementation; strategic planning helps coordinate both.

Strategic plan gic management processes and gic planning is a process and thus has inputs, activities, outputs and outcomes. 3] these elements are considered throughout the strategic planning is gathered from a variety of sources, such as interviews with key executives, review of publicly available documents on the competition or market, primary research (e. These values may be captured in an organization's vision and mission essence of formulating competitive strategy is relating a company to its gic planning activities include meetings and other communication among the organization's leaders and personnel to develop a common understanding regarding the competitive environment and what the organization's response to that environment (its strategy) should be. A variety of strategic planning tools (described in the section below) may be completed as part of strategic planning organization's leaders may have a series of questions they want answered in formulating the strategy and gathering inputs, such as:What is the organization's business or interest? Output of strategic planning includes documentation and communication describing the organization's strategy and how it should be implemented, sometimes referred to as the strategic plan.

2] a strategic plan may cover multiple years and be updated organization may use a variety of methods of measuring and monitoring progress towards the objectives and measures established, such as a balanced scorecard or strategy map. Balance sheets, income statements, and cash flows) for several years when developing their strategic plan, as part of the goal setting activity. Capital budgets very often form the backbone of a strategic plan, especially as it increasingly relates to information and communications technology (ict). The planning process produces outputs, as described above, strategy implementation or execution of the strategic plan produces outcomes. How close they are to the strategic goals and vision will determine the success or failure of the strategic plan.

A business organization that operates within the legal requirements operates with minimum problems; this directly increases the company’s share-market. The other short-term objective to be met by the strategic action plan entails increased customer loyalty. Customers are usually attracted to business organizations that offered good services and respected the client needs. 1] these were developed by companies and management consulting firms to help provide a framework for strategic planning. Planning, which was originally used in the military and recently used by large corporations to analyze future scenarios;.

Share matrix, which involves portfolio decisions about which businesses to retain or divest; ed scorecards and strategy maps, which creates a systematic framework for measuring and controlling sive evaluation, which uses a constructivist evaluation approach to identify the outcomes of objectives, which then supports future strategic planning gic planning vs. Extending financial statement projections into the future without consideration of the competitive environment is a form of financial planning or budgeting, not strategic planning. In business, the term "financial plan" is often used to describe the expected financial performance of an organization for future periods. The financial plans accompanying a strategic plan may include 3–5 years of projected ey & company developed a capability maturity model in the 1970s to describe the sophistication of planning processes, with strategic management ranked the highest. The four stages include:Financial planning, which is primarily about annual budgets and a functional focus, with limited regard for the environment;.

Based planning, which includes multi-year financial plans and more robust capital allocation across business units;. Management, where widespread strategic thinking occurs and a well-defined strategic framework is ries 3 and 4 are strategic planning, while the first two categories are non-strategic or essentially financial planning. Planning has been criticized for attempting to systematize strategic thinking and strategy formation, which henry mintzberg argues are inherently creative activities involving synthesis or "connecting the dots" which cannot be systematized. Mintzberg argues that strategic planning can help coordinate planning efforts and measure progress on strategic goals, but that it occurs "around" the strategy formation process rather than within it. Further, strategic planning functions remote from the "front lines" or contact with the competitive environment (i.

In business, facing the customer where the effect of competition is most clearly evident) may not be effective at supporting strategy efforts. Strategy strategy on making rise planning ated business ry strategy and the art of war for the gic planning gy markup language (stratml). Abcs of strategic management : an executive briefing and plan-to-plan day on strategic management in the 21st century. Gic planning 's five forces ries: strategic managementbusiness planningbusiness termsstrategyhidden categories: articles containing video logged intalkcontributionscreate accountlog pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia out wikipediacommunity portalrecent changescontact links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this a bookdownload as pdfprintable version. 3 free articles strategy won’t work if you don’t identify the new capabilities you chandler ron learning a financial industry needs to start planning for the next 50 years, not the next institutions could see their profits cut in half if they fail to evolve ng climate change: lessons from the u.

Business plan that asks -- and answers -- the right questions is a powerful different approaches firms use to set w. The may 1988 information technology’s power and ubiquity have grown, its strategic importance has diminished. The november–december 1996 gic plans are less important than strategic plan survives contact with gic intent (hbr classic). Detailed plan may be comforting, but it’s not a the january–february 2014 tools: swot d business do a swot analysis? Guide to coaching employees ebook + zational d business d as a manager by learning how to coach your employees.

At work: reaching our team ship & managing d business your team struggle to meet its goals? Well-crafted business plan generates enthusiasm for your idea and boosts your odds of success--whether you're proposing a new initiative within your... Guide to coaching zational d business a manager in today's business world, you can't just tell your direct reports what to do: you need to help them make their own decisions, enable them... G by all the hoopla surrounding business plans, you'd think the only things standing between would-be entrepreneurs and spectacular success are... This collection from harvard business review offers the ideas and strategies to help get you there.

Managing d business it seem like you never have enough time to get everything done? And managing others zational d business five-volume digital collection provides straightforward, practical advice on hiring the right people, onboarding new employees, and helping them... Follow this topic following see all nsultingtraining & certificationoverviewbalanced scorecard certificationkpi professional certificationpump® certificationother coursescourse schedule & registrationpolicies & termssoftwarebalanced scorecard softwarequickscore bsc softwarebsc basicsabout the balanced scorecardarticles & videosexamples & success storiesaward for excellencekpi basicsstrategic planning basicsblogaboutabout bsibsi associatespress releasesgsa schedulecontact usstrategic partnersglobal partnersbsi locationsbsi africabsi middle eastbsi europebsi australia/se , november 03 , basics  >  strategic planning the balanced scorecardarticles & videosexamples & success storiesaward for excellencekpi basicsstrategic planning is strategic planning? Planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization's direction in response to a changing environment. Effective strategic planning articulates not only where an organization is going and the actions needed to make progress, but also how it will know if it is is a strategic plan?

Strategic plan is a document used to communicate with the organization the organizations goals, the actions needed to achieve those goals and all of the other critical elements developed during the planning is strategic management? Strategic management activities transform the static plan into a system that provides strategic performance feedback to decision making and enables the plan to evolve and grow as requirements and other circumstances change. Strategy execution is basically synonymous with strategy management and amounts to the systematic implementation of a are the steps in strategic planning & management? Many frameworks cycle through some variation on some very basic phases: 1) analysis or assessment, where an understanding of the current internal and external environments is developed, 2) strategy formulation, where high level strategy is developed and a basic organization level strategic plan is documented 3) strategy execution, where the high level plan is translated into more operational planning and action items, and 4) evaluation or sustainment / management phase, where ongoing refinement and evaluation of performance, culture, communications, data reporting, and other strategic management issues are the attributes of a good planning framework? Based, non-profit professional association dedicated to advancing thought and practice in strategy development and deployment, has developed a lead-think-plan-act rubric and accompanying body of knowledge to capture and disseminate best practice in the field of strategic planning and management.

Asp has also developed criteria for assessing strategic planning and management frameworks against the body of are numerous strategic planning and management frameworks that meet these criteria, such as the balanced scorecard institute's nine steps to success. For more information about the criteria, please visit the asp  more information about strategic planning and management in general or for about how balanced scorecard institute can help you, please consider our certification or consulting services, or contact us  about balanced scorecard based strategic planning and do you stand against other high performing organizations in terms of strategy management? The strategic management maturity model™ to assess your certified by the association for strategic gic thinking versus strategic 5 most important factors to successfully implement strategy in your strategic plan? Post-retreat strategic planning ate t nsultingtraining & certificationoverviewbalanced scorecard certificationkpi professional certificationpump® certificationother coursescourse schedule & registrationpolicies & termssoftwarebalanced scorecard softwarequickscore bsc softwarebsc basicsabout the balanced scorecardarticles & videosexamples & success storiesaward for excellencekpi basicsstrategic planning basicsblogaboutabout bsibsi associatespress releasesgsa schedulecontact usstrategic partnersglobal partnersbsi locationsbsi africabsi middle eastbsi europebsi australia/se , november 03 , basics  >  strategic planning the balanced scorecardarticles & videosexamples & success storiesaward for excellencekpi basicsstrategic planning is strategic planning?