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).
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 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 tasks and their limited time (Hunsicker, J.Q., 1980). According to Hunsicker (1980), that involveme...
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The OGSM Framework
What is OGSM?
The OGSM Framework (Objectives - Goals - Strategies - Measures) is a strategic tool used for goals and strategy setting.
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Brand Strategy for a Start-up
How critical it is to include a Brand in the Strategy for a start-up Company?
How can this be carried out while the founders are focusing on grabbing a first business deal? What steps are to be carried out to create a brand? What are the most cr...
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Congruence Model Summary
A business must have a strategy, the strategy must necessarily have parts. A strategy has five elements, providing answers to five questions:
- ARENAS: where will we be active? The most fundamental choices strategists make are those of where or ...
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Markets > Vision > Strategy + Execution
First, vision drives strategy and customers and markets drives vision. Know the customer well. Also, "vision" is "functional" - about the entire company or any part of it like it or sales etc.
Second, develop principles by which you want to desi...
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Strategic Planning and Power
Someone said a year ago that 8 of each 10 efforts fail in strategic planning. That´s true. Despite of new models and more sophisticated software, each time it´s more clear that the strategos have a clear role in getting objectives done in time and fo...
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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 environment. The only way to mitigate this problem is through strategic oversight.
The ...
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Strategic Planning in an Opportunity for Involvement
SP is a great opportunity for the organization to live the strategy, using such exercises of what strategy means to everybody, and then write all the thoughts on the white board, trying to consolidate them in groups: planning, implementation, monitor...
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Strategic Plans Must be Used and Executed!
I know an organization were top management hired a consultant to design strategic plans for all departments. As such, SMART (specific, measurable, achievable, realistic, time bound) plans were drafted.
But whenever the time elapsed the strategic...
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Strategic Planning is about Elimination
Strategy is about knowing what to sacrifice. It is through a process of elimination that we arrive at the right path. Often, we confuse tactics for strategy.
Strategy, very briefly, requires the following:
1. We should focus on how to deliv...
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Continuous Planning and Control
Strategic planning is seen by many as a process that is performed every now and then. But beyond the formal process, the CEO needs to be thinking strategically all the time.
Line and functional managers need to control that the daily operations...
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Why Strategic Planning is Essential
Unused planning is a wast of time. However, I have found strategic planning to be essential and vital to the success of any endeavor or undertaking. While it may be possible to reach a desired destination without planning, the waste and cost incurred...
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Classical Strategic Planning Process
Classical strategic planning was a deliberate process in which top executives periodically would formulate the firm's strategy, then communicate it down the organization for implementation. The following is a flowchart model of this process:
A. ...
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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 process is organization-wide, or focused on a major function such as a division, department or other m...
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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 before, it is advisable to formulate short term annual strategies.
Due to rapid changes...
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Strategic Planning Special Interest Group
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 Strategic Planning must be Dynamic
No doubt strategic planning is dynamic.
Strategic planning should monitor internal and external contexts on a regular basis and continue to change. A robust mechanism must exist in the organization to link people, strategy and operations....
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Why do Most Strategic Plans Fail?
According to what some people say, 8 of each 10 efforts fail in strategic planning.
I think strategic planning is not just a simple model that we should apply in any case. We should consider that each context has own problems. Strategic ...
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S T R A T E G Y Acronym
The word STRATEGY if you view it as an acronym is in itself is the answer. It can mean:
S = status at present
T = think
R = relook
A = act
T = target setting
E = evaluate
G = go ahead
Y = yet to be re considere...
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Is Strategic Planning Passé?
Is strategic planning in the traditional sense passé? It may very well be given the rapidly changing environment organizations face especially in technology including social media and the collapsing financial world.
Maybe one should be planni...
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Strategic Planning versus Strategic Thinking (Mintzberg)
According to Mintzberg (1994) many people wrongly consider Strategic Planning (SP) to be a synonym for Strategic Thinking (ST). But they should be con...
Usage (application): Strategic Planning, Strategic Thinking, Emergent Strategy, Deliberate Strategy
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Introduction to Strategic Planning and The ABCDE Model
Good overview presentation that also describes a 5-step strategic planning model (ABCDE). Following the steps in this strategic model the main element...
Usage (application): Strategic Planning, ABCDE Model, SWOT Analysis, Corporate Mission, Strategic Vision
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Top 5 Strategy Pitfalls
Strategy is complex and companies are making many mistakes while working on it. Stuart Cross identified 5 frequent strategy pitfalls to avoid:
Usage (application): Strategy Errors, Strategy Traps, Strategy Barriers, Strategic Planning, Strategy Process
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7 Steps for Creating a Strategic Business Plan
Presentation about strategic planning and business planning, including the following sections:
1. What is a business plan?
2. Why do we need...
Usage (application): Strategic Planning, Strategic Management, Business Planning, Business Plan
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Overview of a Strategic Planning Process
Direct and easy-to-follow overview model and summary of a strategic planning process for a firm:
1. Mission Statement: define why you exist as an...
Usage (application): Initial Understanding of a Strategic Planning Process
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Roger Martin: Five Key Choices of Strategy
Roger Martin describes five key questions a company has to answer to create a sustainable strategy:
1. What is our winning aspiration?
2. Wh...
Usage (application): Initial Understanding of Strategy
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Conducting a Strategy Review (Strategic Review). Types and Tips
Erica Olsen explains how to run a strategy review, she considers to be the heartbeat of any strategic management process. It is coming together and ta...
Usage (application): Strategy Review, Strategic Management, Strategy Process
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News
Strategic Planning
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Videos
Strategic Planning
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Presentations
Strategic Planning
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Strategic Planning
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Compare with: Five
Forces | Core Competence
| Deliberate Strategy
| Emergent Strategy
| Hoshin Kanri
- Policy Deployment |
Strategic Analysis
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Special Interest Group Leader
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Mellacheruvu Adi Saasthry 