Strategic Planning

Management sets organizational vision and mission to achieve the goals of the organization in the most effective and efficient manner.  To ensure that these objectives are reached, it has to undertake some serious planning wherein acts are being put together and arranged into a logical and coherent fashion.  Resources are set so that they come at a specific time where these are needed. Functions are specifically defined and assigned to person with the effort that nothing is missed. The entire process is supposed to run smoothly. These are the intricacies in planning.

What makes the plans strategic is the competitive advantage it brings. The process of coming up with a strategic plan is to characterize the external environment in order to identify the organization’s cutting edge over others in the industry. It also analyzes the internal environment in order to determine what needs to be done in order to achieve an objective. Simply put, strategic planning determines where an organization is going over the next year or more, how it's going to get there and how it'll know if it got there or not. The focus of a strategic plan is usually on the entire organization, while the focus of a business plan is usually on a particular product, service or program.

Appropriate training and skills-building, and significant exposure in actual strategic management process can empower the manager to perform with confidence to serve the interest of his people, the organization, and himself.

 

 

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