preview

Planning For A Strategic Planning

Decent Essays

Strategy Planning
Planning means to look ahead and chalking out future courses of action to be followed. It is a preparatory step. Planning is an important function of management. In the absence of planning, all the business activities of the organization will become meaningless. It determines how and who is going to perform a specific job. Planning is about identifying and selecting appropriate goals and courses of action; one of the four principal take of management (Bethel University, 2006). Planning is always done for the future. Each goal should have financial and human resources projections associated with its completion. Each goal should have tasks or projects associated with its achievement. Strategic planning determines where an organization is going. It serves as framework. The most two important task that need to be done before a strategic planning. You need to review the organization and review the internal functions within the organization.
Prioritizing goals and tasks is about ordering objectives in terms of their importance. It is clear that planning selects the best alternative out of the many available. Strategy is a cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals (Bethel University, 2006). Strategy is about planning to reach a vision which differentiates a company from its competitors in a positive way. As a result of its importance to the business or company, strategy is generally

Get Access