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The nature of organisational goals
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Setting and Achieving Goals
Successful organizations require their leaders to set and achieve goals on a consistent basis. In order for these organizations to meet their goals, their leaders must actively and carefully plan on how to meet these goals. There are many types of plans that successful organizations can and do use regularly to meet their goals. I feel that the strategic and tactical plans play the largest role in achieving goals because they lay out clear and structured plans in where organizations want to go in the immediate and long term future. Other types of planning are often used to carry out more specific, compartmentalized goals that support the entire picture, yet are less impactful to the organization if not carried out.
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Strategic planning often includes the desired outcome for an organization throughout a long period of time, possibly over a decade. Top level managers often design these plans to paint the picture of the company’s mission and lay out a framework for the entire company to achieve (CSU Education Portal, 2014). Strategic plans are particularly important to organizations because the convey a clear message of what exactly, the intended goals and missions are over extended periods of time to all team members, shareholders and even to the public. Laying out a strategic plan allows for all involved parties to know what their exact role is in helping the organization achieve its long term goal (Simerson, 2011). Strategic plans often include long term financial goals, expansion or downsizing goals and achievement goals. An example of a strategic goal is, to become the number one convenient store retailer in the United States by 2021. This is a goal of the company that I currently work for, Kum and Go. This goal was expressed to me and my colleagues in May of 2014, by the CEO of the company, Kyle Krause. After expressing this goal, Mr. Krause proceeded to give my colleagues and I specific examples of things that needed to be executed at our direct level of management to achieve this goal. As time has progressed and things have changed within the organization, the General Managers of my company, understand the …show more content…
For example, if a company is just starting up, it would benefit them to set a long term goal of where and how they would measure success five, or even ten years into the future. This will allow them to continue to adapt to changing markets and trends. If an established company is doing a self -assessment to examine their success over a period of time, and realize that they have not been as successful as anticipated, strategic planning would be exceptionally useful to get them back on track in meeting their goals. After the strategic plans are established, tactical plans can be used to execute, short term goals. When an organization is just starting out, tactical plans can be used to create procedures and identify roles for different parts of the organization to start up. If a company is struggling and establishes a new strategy, tactical plans can be used to restructure roles of departments, associates and teams to get the company heading back in the right direction. In the case of my company, Kum and Go, tactical plans are used at the mid management level to continue to support the strategic plan of expanding the company and overall goal of becoming the number one convenient store retailer in the United
Background Information In implementing a strategic plan for Coastal Medical Center, our consulting team has conducted many analyses and formed numerous strategies in order for Coastal Medical Center to be successful. Such assessments include an internal analysis, external analysis, gap analysis, and SWOT analysis. In conducting these analyses, our consulting team was able to better understand the internal environment, external environment, where the organization currently stands in terms of performance, and the major strengths, weaknesses, opportunities and threats that oppose the Coastal Medical Center. From our inquiry, we will be able to establish a strategic plan that best fits the organization’s needs.
After analyzing the Coastal Medical Center, it is apparent that the employees and staff have no conception of the mission, vision, and values of this health care facility. In addition to this lack of structure, CMC has many projects in the midst of production that lack support of a common goal, employees are unsatisfied with their jobs, the two boards lack ability to agree on strategic decisions for the organization,, and the medical center has a dismal reputation when it comes to quality care.
New businesses will take longer to thrive with the United States falling economy. The faltering job market and the deepening slump in housing threaten to hurt consumer spending. Consumers are becoming more conscious of their spending and therefore using cash to pay for smaller necessary purchases. The cost of entertainment and other presumed luxuries may be pushed to the background by most families, when having to choose whether to pay for a bill or treat the family out. Thriving businesses will understand the need to provide a service or product at affordable prices.
Strategic Planning—the process of developing a plan to achieve organizational purpose—is a management tool used to focus a workforce’s energy. Strategic planning ensures that the workforce achieves an organization’s mission. It is used by large organizations to increase the chances for long-term growth and profitability (Auka, 2016). Lockheed Martin’s strategy is well-aligned with the organization’s mission, vision, and values, reviewed carefully by a well-qualified team, and regularly measured against the appropriate objectives. This has positioned the corporation for success.
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.
Kaufman, Roger and Stone, Bruce. Planning for Organizational Success: A Practical Guide. John Wiley & Sons, Inc.: New York, 1983.
The managers must set organizational goals aligned with the company mission. This will provide a strategy for achieving those goals. For example, planning can be seen at every level such as creating goals for sales as well as for the customer experience (Higgins, 1994).
Strategic Planning is looking at where you are now, knowing where you want to be in the future and planning the steps to get you there.
An organization must use a strategic marketing process to distribute its marketing mix resources to reach its target markets. The elements of a proper marketing mix are price, product, place, and promotion. They are the four P’s of the marketing process (Goi, 2009)
Applying the concepts of these plans are very beneficial. Personally, these plans can be used to obtain life goals. For example, I plan to be a hospice social worker. The Strategic plan is the basic steps enacted to reach my goal. Like attending college, complete field, and continue my education.
Strategic Planning: Action Plan In the previous paper, stakeholders were identified and a strategy map was created to provide a visual presentation of how specific goals and plan in each area are linked and see the cause-and-effect relationships between goals and plans, which was consisted of four key areas: learning and growth, internal processes, customer service, and financial. As we progress in the strategic planning, the previously completed strategy map will be utilized to formulate a functional-level strategy for the primary business functions included in my action plan. This paper will also include the identified management tactics and strategies to implement the strategic goals, how the managerial decision-making methods will be applied
Once plans have been developed, an organization must address how management will be accomplishing be those plans. This involves operational plans that must flow from strategy; specify resource, time issues, and commitment of human resources. Operational plans at the lower - levels of the organization, have a shorter time horizon, and are narrower in scope (Bateman, Snell 2003 p.113). A good example of this is Wal-Mart's main strategic goal. It is to provide quality merchandise at an affordable low cost to consumers. Its operational goals focus on efficient logistics requiring technology and inventory management systems to help reduce costs so it can be passed on to the customer. Operational plans are derived from a tactical plan and are aimed at achieving one or more operational goals (Bateman, Snell 2003 p.113).
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
Strategic planning is an organizational process in which it looks towards developing and sustaining success or balance in its ever changing environment.
Strategic planning implies establishing in advance what an individual or organization wants to achieve within a specified timeframe and deriving ways on how to achieve that. A strategic plan is basically a course of action that is used to attain desired results. It means anticipating the future and having measures on how to grow into the future. Technology is a macroeconomic factor that is rapidly growing and changing. Technology has had positive effects all over across the globe to business organization and to individuals.