HomeStrategic Planning

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11/5/2012 - 12/5/2012

  • Strategic Planning
  • What is strategic planning? Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward. Specifying the organization’s mission, vision and objectives. Developing policies and plans which are designed to achieve these goals: projects and programs. Allocate resources to implement the policies, plans, […]

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What is strategic planning?

Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward.

  • Specifying the organization’s mission, vision and objectives.
  • Developing policies and plans which are designed to achieve these goals: projects and programs.
  • Allocate resources to implement the policies, plans, projects and programs.

Here are the top 5 benefits of strategic planning:

Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals.

  • It allows organizations to be proactive rather than reactive. …
  • It sets up a sense of direction. …
  • It increases operational efficiency. …
  • It helps to increase market share and profitability. …

What are the five steps in the strategic planning process?

The 5 Steps of the Strategic Planning Process

  • Determine your strategic position.
  • Prioritize your objectives.
  • Develop a strategic plan.
  • Execute and manage your plan.
  • Review and revise the plan.

What are the six major components of strategic planning?

The 6 vital elements to successful strategic planning for your organization.

  • Define your vision. …
  • Create your mission. …
  • Set your objectives. …
  • Develop your strategy. …
  • Outline your approach.
  • Get down to tactics.
  • It can make a business more durable.

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