Strategic Planning Process Analysis

What is Strategic Planning?

Strategic 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 organizations. (Carroll, 2009)

A 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 exercise (Schmarzo, 2016). Strategic planning is a step-by-step process with definite objectives and end products that can be implemented and evaluated.

Strategic management is the

All mangers should occasionally assess the wisdom and the progress of their strategic decisions. (Dessler, 2016)

Management planning is the process of assessing an organization's goals and creating a realistic, detailed plan of action for meeting those goals. The basic steps in the management planning process involve creating a road map that outlines each task the company must accomplish to meet its overall objectives. The goals are Establishing Goals, Identify Resource, Establishing Goal-Related Tasks, Prioritize Goals and Tasks, Create Assignments and Timelines, Establishing Evaluation Methods, And Identify Alternative Courses of Action (Moran, 2010).

Establish Goals, The first step of the management planning process is to identify specific company goals. This portion of the planning process should include a detailed overview of each goal, including the reason for its selection and the likely outcomes of goal-related projects. Where possible, objectives should be described in calculable or qualitative

Create Assignments and Timelines. As the company selects projects, it must establish timelines for completing associated tasks and assign individuals to complete them. This portion of the management planning process should consider the abilities of staff members and the time necessary to genuinely complete assignments.

Establish Evaluation Methods. A management planning process should include a strategy for evaluating the progress toward goal completion throughout an established time period. Identify Alternative Courses of Action. Even the best plans can sometimes be thrown off track by unexpected events. A management plan should include a likelihood plan if certain aspects of the master plan prove to be unattainable. Alternative courses of action can be incorporated into each segment of the planning process, or for the plan in its entirety. (Dessler, 2016)

The strategic plan should be summarized in a written document to confirm that all alarmed are clear regarding the aims and objectives the organization is working towards. If the organization is a charity, the strategic plan must take account of the charity's purposes and public benefit requirement to guarantee that the plan delivers what the charity was set up to do. (Rohem W. P.,