Strategic Planning

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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 Special Interest Group Special Interest Group (1400 members)

Strategic Planning Forum   Recent topics   The OGSM Framework What is OGSM? The OGSM Framework (Objectives - Goals - Strategies - Measures) is a strategic tool used for goals and strategy setting.           How to Help a Team Carry Out Strategic Planning How can we help a team carry out a strategic planning exercise? What are tools and tips that can be employed?...           Should Top Managers be Strategists? The involvement of top managers in the strategic planning process is often too limited taking into account the increasing complexity of their multiple...

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We need to rethink our thinking on strategies. ...           Strategic Planning Models in Airline Industry We know every airline has a strategic plan. Why do some achieve their goals but some don't? What are the causes of their failure? Is there...           3 Main Activities of Strategic Planning Simply put, strategic planning determines where an organization is going over the next year or more and how it's going to get there. Typically, the pr...           Shorten the Time Window of Strategic Plans Setting goals is extremely important within the strategic framework. However, understanding that the business environment changes more and faster than...           Overseeing Strategy and Strategic Oversight Companies find themselves in a fix in times of transformational change, when incremental changes in strategy fails to meet incremental changes in the ...           Goals - Part of the Plan? In practice in the strategic planning process I include not only "REACH the goals, purpose and objectives", but also SETTING goals, buil...

Expert Tips - Strategic Planning   Strategic Planning versus Strategic Thinking (Mintzberg)     Advance yourself in business administration and management

Resources - Strategic Planning Introduction to Strategic Planning and The ABCDE Model   Top 5 Strategy Pitfalls   7 Steps for Creating a Strategic Business Plan   Overview of a Strategic Planning Process   Roger Martin: Five Key Choices of Strategy   Conducting a Strategy Review (Strategic Review). Types and Tips     News about Strategic Planning         Videos about Strategic Planning         Presentations about Strategic Planning         Books about Strategic Planning         More about Strategic Planning       Accelerate your management career

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

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