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Target mission statement and vision
Advantages and disadvantages of strategic planning
Importance of strategic planning
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Recommended: Target mission statement and vision
Each and every organization should have a strategic plan in place. It does not matter whether the organization is big or small. The importance of the strategic plan may vary from the different goals the organization has in place. The staff members should understand each department or division has their own goals to accomplish. Some goals may be long term and others are short term. It is important when assign various goals for each department or division in order to help to the organization grow and build. By doing this, it helps the organization to be successful. In the strategic planning process, leaders spend a lot of time making decisions and planning. The planning process has a huge impact on the organization and the leader must may sure …show more content…
The plans must be realistic and durable to achieve. When there are plans in place it helps the organization to achieve their goals. When the manager has a clear plan or idea, the organization is able to move forward toward their goals. A good effective plan saves time and money for the organization.
Most organizations are not sure what their current status is. If this is the case, it will be hard to understand where they need to go. The organization should be able to access information for the situation by gathering financial information and data from the customers. It will be a good idea to identify the organization strengths and weaknesses when they are forming their plans. In addition to forming different plans, the organization must be able to establish and acknowledge what their priorities are and deciding which one they should work on from beginning to end.
Mission and Vision
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The organization should assign managers and other staff members to help with monitoring the goals of the organization. Each individual should have their individual tasks to complete on a daily basis. The individuals should be honest and focuses on integrity standards when providing their findings. There may be times when these individuals may have to reevaluate the goals to focus more on long term visions for the organization. As we have seen over the years, technology is changing everyday which can make the goals harder to
A strategic plan is a tool that delivers guidance in achieving a mission or goal with maximum proficiency and control for an organization. Strategic planning is used to transform and revitalize organizations. The plan helps provide an inclusive understanding of opportunities and challenges both internally and externally for the organization. The plan delivers an assessment of the strengths and limitations that are realistic within the company. A well-developed strategic plan will offer a comprehensive approach and empowerment for the stakeholders involved. It is an opportunity for learning and understanding priorities that will drive the business to succeed. Jones (2010), describes how in health care organizations, strategic plans characteristically concentrate on operational and organizational goals such as when to obtain new technology, how to meet competitive challenges, and what staffing, tools, or facilities are needed to ensure organizational survival. The mission and value statements are significant in determining the quality of a strategic initiative. Forcing the organization to look toward the future creates proactive objectives in which both short-term and long-terms plans and goals are necessary in order to succeed.
Within an organization, different types of planning are necessary to help establish the visions and goals a company has. Strategic and operational planning is essential for the success of a business. For example, Sports Authority has recently filed for bankruptcy, which is likely due to a lack of planning skills. With the addition of strategic and operational planning, the risk of going bankrupt could be significantly reduced. The many planning steps and strategies involved in these types of planning are what eventually produce the most success.
If asked what strategic planning is one could interpret it as simply a road map that can guide the organization in the right direction. It is very unlikely that an organization would know which direction to take without a sense of direction. Managers are faced every day with decisions that have a major impact on the direction the organization must take, therefore, strategic planning can play an important role in guiding managers in the right direction. In other words strategic planning is a tool that management can use to give them a sense of direction that will guide them in doing a better job and to ensure that all the members of the organization are working toward the same goals