Strategic Planning

Knowledge Center

• About
• Home
• Dictionary
• Encyclopedia
• Question?
• Views

• Register
• Log in
• Help

• Change & Organization
• Communication & Skills
• Decision-making & Valuation
• Ethics & Responsibility
• Finance & Investing
• HRM
• Knowledge & Intangibles
• Leadership
• Marketing
• Program & Project
• Strategy
• Supply Chain & Quality

Description of Strategic Planning. Explanation.

Definition Strategic Planning. Description.

Strategic Planning consists of the process of systematically developing and implementing activities and plans to reach the goals, purpose and objectives of the organization within the strategic context (environment).

SP is a continuous process of making present entrepreneurial (risk-taking) decisions systematically and with the greatest knowledge of their futurity; systematically organizing the efforts needed to carry out these decisions. It may or may not also include measuring the results of these decisions against the expectations through organized systematic feedback.

SP is the application of thought, analysis, imagination and judgment. It is a responsibility rather than a technique. It is the analytic thinking and commitment of resources to action. It deals with the futurity of present decisions.

Strategic Planning versus Strategy

SP is more or less a synonym for Strategy, but the term "planning" has a deliberate meaning attached to it, while "Strategy" can accommodate both the emergent, flexible, dynamic vision to strategy formation as well as the traditional deliberate, intended, military, planned form. In other words, SP is one of the Ten Schools of Thought (The Planning School) as described by Mintzberg. However, In everyday parlance, SP is considered and used as a synonym of strategy.

Steps in a Strategic Planning Process

A strategic planning process can take many forms. For the classical steps see Armstrong's Five Strategic Planning Steps.

A strategy process can be more or less deliberate (planned) or emergent (flexible).

Strategic Planning Forum   Should Top Managers be Strategists? The involvement of top managers in the strategic p...           The OGSM Framework What is OGSM? The OGSM Framework (Objectives ...           How to Help a Team Carry Out Strategic Planning How can we help a team carry out a strategic plann...           Brand Strategy for a Start-up How critical it is to include a Brand in the Strat...           Congruence Model Summary A business must have a strategy, the strategy must...           Markets > Vision > Strategy + Execution First, vision drives strategy and customers and ma...           Strategic Planning and Power Someone said a year ago that 8 of each 10 efforts ...           Overseeing Strategy and Strategic Oversight Companies find themselves in a fix in times of tra...           Strategy Means Directional Initiatives to Protect And/or Improve your Current Position Today's leaders must be able to impose rapid ch...           Strategic Planning in an Opportunity for Involvement SP is a great opportunity for the organization to ...           Strategic Plans Must be Used and Executed! I know an organization were top management hired a...           Strategic Planning is about Elimination Strategy is about knowing what to sacrifice. It is...           Continuous Planning and Control Strategic planning is seen by many as a process th...           Why Strategic Planning is Essential Unused planning is a wast of time. However, I have...           Classical Strategic Planning Process Classical strategic planning was a deliberate proc...           3 Main Activities of Strategic Planning Simply put, strategic planning determines where an...           Shorten the Time Window of Strategic Plans Setting goals is extremely important within the st...         See 4 more topics Start a new topic

Strategic Planning Special Interest Group Special Interest Group

Best Practices - Strategic Planning Premium   Strategic Planning must be Dynamic No doubt strategic planning is dynamic. Strat...           Why do Most Strategic Plans Fail? According to what some people say, 8 of each 10 ef...           S T R A T E G Y Acronym The word STRATEGY if you view it as an acronym is ...           Is Strategic Planning Passé? Is strategic planning in the traditional sense pas...           Strategic Thinking versus Operational Thinking? What is the difference between strategic and opera...

Expert Tips - Strategic Planning Premium   Strategic Planning versus Strategic Thinking (Mintzberg) According to Mintzberg (1994) many people wrongly ... Usage (application): Strategic Planning, Strategic Thinking, Emergent Strategy, Deliberate Strategy

Resources - Strategic Planning Premium Introduction to Strategic Planning and The ABCDE Model Good overview presentation that also describes a 5... Usage (application): Strategic Planning, ABCDE Model, SWOT Analysis, Corporate Mission, Strategic Vision   Top 5 Strategy Pitfalls Strategy is complex and companies are making many ... Usage (application): Strategy Errors, Strategy Traps, Strategy Barriers, Strategic Planning, Strategy Process   7 Steps for Creating a Strategic Business Plan Presentation about strategic planning and business... Usage (application): Strategic Planning, Strategic Management, Business Planning, Business Plan   Overview of a Strategic Planning Process Direct and easy-to-follow overview model and summa... Usage (application): Initial Understanding of a Strategic Planning Process   Roger Martin: Five Key Choices of Strategy Roger Martin describes five key questions a compan... Usage (application): Initial Understanding of Strategy   Conducting a Strategy Review (Strategic Review). Types and Tips Erica Olsen explains how to run a strategy review,... Usage (application): Strategy Review, Strategic Management, Strategy Process     News about Strategic Planning         Videos about Strategic Planning         Presentations about Strategic Planning         Books about Strategic Planning         More about Strategic Planning

Compare with: Five Forces  |  Core Competence  |  Deliberate Strategy  |  Emergent Strategy  |  Hoshin Kanri - Policy Deployment  |  Strategic Analysis

Return to Management Hub: Strategy

More on Management  |  Return to Management Dictionary  | 

This ends our Strategic Planning summary and forum.