Strategic Planning Within Ge Essay
Companies plan their various and multilevel activities. A company's strategic planning is a row of elements that describe how the company uses …show more content…
GE Strategic planning is the process of developing and analyzing the company's mission, near and long term goals, strategies and resources. The strategic planning process passes at the business and product level. It starts with the analysis of the GE's present strategic planning and goes on with the making up future perspectives. Strategic planning defines the methods of meeting the company’s future challenges and opportunities.
The strategic planning is necessary as it helps to create good decisions and affect the future of GE Company. It becomes obvious that effective strategic planning is a constant environmental analysis for applying the changes in the environment and turning them into the opportunities. It allows GE Company to manage or avoid undesirable environment effects.
Using the GE Strategic planning the near and long term goals are developed. GE strategy is a set of actions developed to gain long-term goals. Goals focus on vital changes. Two, three, or five years passes till the strategy is achieved. In general, GE has long-term goals for such factors as return on investment, earnings