Strategic Planning Process

Improved Essays
Introduction The management function of planning constitutes the basic fundamental function of management. Organizations formulate one or more detailed plans to achieve optimum balance of needs or demands with the resources available in this primary phase which is planning. Planning provides guidance for the organization by bridging the gap between where an organization is and where it would like to go (Newbrander, Peercy, and Vergeer, 2012). The management function of planning can be studied in four major subjects which are strategic planning, operational and tactical planning, contingency planning and scenario planning. This paper reviews various articles on each one of the themes and their application in different industries and management …show more content…
He first presents the four phases of what he calls traditional strategic planning, where the organization first scans the internal and external environments to determine strength, weakness, opportunities and threats; also identifies past and present trends. Secondly, management defines long-term objectives and short-term goals based on the information gathered during environmental scanning. The third phase is to generate implementation, spell out in details the necessary steps to achieve the goals and objectives. In the final phase, management evaluates and control, keep tract of the obstacles that arise during the implementation process, and make adjustments where needed. Secondly, Roth (2015) presents another approach to planning: reactive, inactive, preactive, and interactive stressing the interactive planning. The planner focuses on designing organizations capable of monitoring continuously the changes in the environment and adapting to them. Roth (2015) concludes that instead of beginning strategic planning effort by scanning the environment, organizations tend to define long-term objectives and short-term goals at the beginning of the interactive planning, hence shaping the organization to efficiently and effectively deal with and take advantage of continuous …show more content…
(2012) present new mathematical model, which considers different time resolution, using hypothetical numerical examples for strategic planning. Here the model is designed for a production-distribution network with multiple commodities, and the network echelons are suppliers, productions units, warehouses and customers. The proposed model determines the network expansion mode and the production and distribution planning, but the strategic decisions of the proposed model are the network design and expansion which are made in low resolution. Strategic planning in supply chain management, where a mathematical model is developed for the design and expansion planning of a four echelon dynamic production-distribution network; and also expansion of supply chain restricted to cumulative net incomes. Decisions are made about supplier selection, facility, and quantity of raw material to be supplied so on and so forth. The hypothetical numerical example illustrates the proposed

Related Documents

  • Great Essays

    There are many examples of projects that have been altered by issues that have occurred and the successes or failures in the responses that project managers countered with to deal with the situation. Project risk management is a critical component of the project planning process, as well as the overall lifecycle of an undertaking. Risks must be continually assessed and deliberated in order to determine the best course of action for the project and the organization as a whole. The risk management process must be completed throughout the lifecycle of the project with the purpose of identifying, analyzing, and determining a proper response that adheres to the strategic goals of the organization. Risk Management As with many areas of business,…

    • 1609 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    Conformance establishes adherence to strategy’s to insure compliance with the organizations mission, (De Wit, & Meyer, 2010). Conformance will identify areas of management that are deficient, by addressing these issues and reestablishing conformity through change, (De Wit, & Meyer, 2010). The authors state that the board of directors are responsible for establishing conformity within management to implement change as needed, (De Wit, & Meyer, 2010). Corporate governance addresses three areas of importance regarding the board of directors, (De Wit, & Meyer, 2010). These characteristics are listed as board structure, membership and tasks, (De Wit, & Meyer, 2010).…

    • 1005 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Assessment of current Situation: In this stage the objective is to assess the current IT system and identify all aspects that may influence the implementation of the new IT strategy. These aspects or factors can be external (such as: industry trends, competitors, etc.) or internal (such as: internal infrastructure, own security, own capacity, etc.) This evaluation of the environment will be very useful on designing the plans. III.…

    • 2441 Words
    • 10 Pages
    Improved Essays
  • Improved Essays

    Risk Management Plan

    • 1084 Words
    • 4 Pages

    Plan risk management: This talks about how to approach risk management activities and plan for them in the project. The main output of plan risk management is risk management plan. Risk management plan documents the procedures for managing risks throughout the project. The project team usually reviews documents such as corporate risk management policies, risk categories, lessons-learned reports, and templates for creating risk management plan. Also, it is important to review risk tolerances of stakeholders.…

    • 1084 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Briargrove Risk Management Techniques Anthony Redhead Grantham University Project Management Integration Framework (BA 647) Introduction This paper will discuss questionnaires and surveys as tools of project risk assessment. In the paper, I provide a clear guideline to Briargrove concerning how to manage risk using these tools in any project. The paper has also attached to it an example of a questionnaire that could be utilized in the Briargrove project. The paper has provided a proper description of how to employ questionnaires and surveys in monitoring and assessing risks in projects. Briargrove Risk Management Techniques A project comprises of a range of activities, for instance scope, timeline, budget, tasks among…

    • 1400 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    The Final Assessment Identify 4 different stages of the Software Development Life Cycle (SDLC) and explain how requirements are used in each stage of the SDL Four different stages of the SDLC are: Planning – The first stage of SDLC. It 's purpose is to give a clear picture of the problem that will be solved. This is done after consulting with employees, customers, and suppliers. Analyzing – the purpose of this part is to find where the problem is. In order accomplish this, the system is broken down into different pieces to analyze the project 's goails, gathering what needs to be created and including users so that definite requirements can be made.…

    • 819 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    & Thompson, A. (2011) it is important for organizations to have a strategic plan for their companies. In addition, they should be able to make changes within the organization if necessary. One way for a company to decide if it needs to make changes is by conducting a SWOT analysis. The SWOT analysis identifies the strengths’, weaknesses, opportunities, and threats that all organizations should identify.…

    • 1365 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Specifically it would include an internal and external analysis of NCCE as well as identification of key managerial issues. Chapter four will focus on the design, data collection and analysis. Chapter five will present the findings based on the objectives of the project such as the views of staff of the NCCE concerning human resource strategic used, how it has impacted on organisational performance as well as challenges faced. Chapter six will focus on the summary, recommendation and conclusions and to solve the human resource management gaps.…

    • 993 Words
    • 4 Pages
    Improved Essays
  • Decent Essays

    The primary research was done in four organizations – HSBC, CTS (Cognizant Technology Solutions), Flextronics and EY. 3.2.1 Phase 1: Need Assessment This is the first phase in the transformation process. It basically aims at understanding the need to change to HR service delivery model, the primary drivers driving the change. Various processes are followed to understand the need. Following shows the primary drivers of change and the need assessment process used by various organizations  Primary Drivers for Change Below are the primary drivers for change to a HR Service Delivery model in various organizations.…

    • 776 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    Communication, Metrics, and Project Updates Communication in project management is necessary to ensure that the management team - project managers, functional managers, and in this situation, the PMO - are in sync to clearly identify and communicate the project requirements. The communication metrics is an integral part of the monitoring and controlling process used to communicate updates, to include status of the project milestones and deliverables. The communication process or protocol is usually identified in a communication management plan based on specific tasks or questions developed during a project’s planning stage (Mepyans-Robinson, 2006): • Who will make decisions on issues? • Who will develop an action list of tasks and who will…

    • 1195 Words
    • 5 Pages
    Improved Essays