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The Ultimate Strategic Planning   Document Bundle
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The Ultimate Strategic Planning (Document Bundle)

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BENEFITS OF BUNDLE

  1. Provides of Framework Strategic Planning of Strategic Marketing, Financial Management, Human Resource Management
  2. Provides of Planning, Process and Execution of Strategic Planning
  3. Provides of Best Practice of Strategic Planning Presentation Lists

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The Ultimate Strategic Planning Presentation List

Strategic planning is the art of creating specific business strategies, implementing them, and evaluating the results of executing the plan, in regard to a company's overall long-term goals or desires. It is a concept that focuses on integrating various departments (such as accounting and finance, marketing, and human resources) within a company to accomplish its strategic goals. The term strategic planning is essentially synonymous with strategic management.

The concept of strategic planning originally became popular in the 1950s and 1960s, and enjoyed favor in the corporate world up until the 1980s, when it somewhat fell out of favor. However, enthusiasm for strategic business planning was revived in the 1990s and strategic planning remains relevant in modern business.

The strategic planning process requires considerable thought and planning on the part of a company's upper-level management. Before settling on a plan of action and then determining how to strategically implement it, executives may consider many possible options. In the end, a company's management will, hopefully, settle on a strategy that is most likely to produce positive results (usually defined as improving the company's bottom line) and that can be executed in a cost-efficient manner with a high likelihood of success, while avoiding undue financial risk.

The volatility of the business environment causes many firms to adopt reactive strategies rather than proactive ones. However, reactive strategies are typically only viable for the short-term, even though they may require spending a significant amount of resources and time to execute. Strategic planning helps firms prepare proactively and address issues with a more long-term view. They enable a company to initiate influence instead of just responding to situations.

Among the primary benefits derived from strategic planning are the following:

1. Helps formulate better strategies using a logical, systematic approach
This is often the most important benefit. Some studies show that the strategic planning process itself makes a significant contribution to improving a company's overall performance, regardless of the success of a specific strategy.

2. Enhanced communication between employers and employees
Communication is crucial to the success of the strategic planning process. It is initiated through participation and dialogue among the managers and employees, which shows their commitment to achieving organizational goals. Strategic planning also helps managers and employees show commitment to the organization's goals. This is because they know what the company is doing and the reasons behind it. Strategic planning makes organizational goals and objectives real, and employees can more readily understand the relationship between their performance, the company's success, and compensation. As a result, both employees and managers tend to become more innovative and creative, which fosters further growth of the company.

3. Empowers individuals working in the organization
The increased dialogue and communication across all stages of the process strengthens employees' sense of effectiveness and importance in the company's overall success. For this reason, it is important for companies to decentralize the strategic planning process by involving lower-level managers and employees throughout the organization. A good example is that of the Walt Disney Co., which dissolved its separate strategic planning department, in favor of assigning the planning roles to individual Disney business divisions.

Regards,

UJ Consulting


THERE ARE 15 PRODUCTS ARE IN THIS BUNDLE:


Two major ways that societal trends affect employers: (a) consumer markets, which affect the demand for goods and services (b) labor markets, which affect... [read more]

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Lecture Outline 1. Design Process 2. Concurrent Design 3. Technology in Design 4. Design Reviews 5. Design for Environment 6. Design for Robustness 7. Quality Function... [read more]

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Design technology, or D.T., is the study, design, development, application, implementation, support and management of computer and non-computer based technologies for the... [read more]

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Break Even Analysis & Innovation Technology 1. Process Planning 2. Process Analysis 3. Process Innovation 4. Technology Decisions Process Planning a. Process a group of... [read more]

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ORGANIZATIONAL DESIGN Lecture Outline: 1. Contingency Factors Affecting Organization Design 2. Dimension of Organizational Design 3. Mechanistic and Organic... [read more]

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Capital Budgeting : Evaluating Cash Flows Lecture Outline 1. Steps in Capital Budgeting 2. Payback, discounted payback 3. Rationale for the NPV Method 4. Rationale for... [read more]

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Time Value Of Money Lecture Outline 1. PV and FV of Annuity Due vs. Ordinary Annuity 2. Nominal rate (iNom) 3. Periodic rate (iPer ) 4. Effective Annual... [read more]

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Financial Planning & Forecasting Lecture Outline 1. Additional Funds Needed (AFN) formula 2. Sales forecasts 3. Financial Planning 4, Pro Forma Financial... [read more]

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SWOT Analysis - Driven Strategic Planning Lecture Outline 1. History of SWOT Analysis 2. What is SWOT Analysis? 3. Objectives of SWOT 4. Who needs SWOT Analysis? 5.... [read more]

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Developing New Market Offerings (Marketing Strategy) Lecture Outline 1, Categories of New Products 2. Factors That Limit New Product Development 3. Finding One... [read more]

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Setting Strategic Vision for Product & Service Offerings Lecture Outline for PRODUCT 1. Components of the Market Offering 2. Five Product Levels 3. Product Classification... [read more]

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World Class HRM Best Practice PPT Strategic human resource management (strategic HRM) provides a framework linking people management and development practices to... [read more]

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Marketing Planning & Strategy Best Practice PPT Contents 1. Market Scope Strategy 2. Single Market Strategy 3. Multi Market Strategy 4. Total Market Strategy 5. Market... [read more]

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Strategic Planning and Execution - Best Practice PPT Contents : 1. Major Components of The Strategic Plan 2. SWOT Analysis 3. Five Tasks of Strategic Planning 4. Forming... [read more]

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SOP Man Power Planning (Examples & Templates) A Standard Operating Procedure (SOP) is a set of written instructions that describes the step-by-step process... [read more]

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ABOUT THE AUTHOR

Author: UJ Consulting
Additional documents from author: 175

UJ Consulting

Untung Juanto ST. , MM. Founder of UJ Consulting. He is professionally experienced business and management consultant in several local and multinational companies. [read more]

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