Importance Of Personal Strategic Planning

Personal Life

Personal strategic planning is the best method of getting the best out of myself. I do this by discovering the inborn and personal skills, develop the skills to the highest order which in return helps me to achieve satisfaction in whatsoever I do. The first thing I do here is to increase my return on energy and I consider and develop most of my ability to think well, and later my earning ability. Clarification of values helps me to know what are the most important values and virtues I needed to have in order to function well. I also have a personal mission statement which is “to be the best in every good thing I do”. Performing an audit over my personal values and determining the area of my excellence is what I put to work daily.

S.O.A. Olaniyon explained in his book “Why strategic planning fails in management”. Managers are inadequately prepared for strategic planning the goals of the organization are too vague to be of value, the business units are not clearly identified and the link between strategic planning and control is

Staff planners, particularly in large companies, may assist these managers. But in order to do an effective job, line managers must be tutored in strategic planning. The following definition of strategic planning is the full operation in my current workplace. It is the continuous process of making present entrepreneurial decisions systematically and with the greatest knowledge of their futurity; organizing systematically the efforts needed to carry out these decisions; and measuring the result of the decisions against the expectations through organized systematic feedback.

Usefulness of the Concept the Current World

It is used in discharging the board of directors’ responsibilities. It also provides the framework. It also provides the framework for decision making. It also helps for the assessment of an organization’s objectives while it is also used as a tool to monitor progression. Organizations use strategic planning to define overall mission and focus on objectives. With strategic planning, a sense of continuity, direction, leadership and effective staffing is provided. Lastly organizations use it to provide commitment, credibility and communication within the organization.

6. ORGANIZATION