SBA- CHAPTER 2

24問 • 1年前

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It is a document used to communicate with the organization the organizations goals, the actions needed to achieve those goals and all of the other critical elements developed during the planning exercise.

Strategic Plan

It is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization's direction in response to a changing environment.

Strategic Planning

It is simply an intentional and rational thought process that focuses on the analysis of critical factors and variables that will influence the long-term success of a business, a team, or an individual. - it requires research, analytical thinking, innovation, problem-solving skills, communication and leadership skills, and decisiveness.

Strategic Thinking

What are the four roles of Planning?

Strategy Formulating, Learning, Integration, Communication

aligned with the company's VMGO

Strategy Formulating

thru training and development

Learning

ensures each goal has the necessary resources to be achieved, and that efforts will be measured so strategies can be course-corrected. It helps institutions coordinate across divisions, create efficiencies, and look to the future.

Integration

top management going down or vice versa.

Communication

No training in strategic planning

Lack of knowledge or experience in strategic planning

When an organization assumes success, it often fails to reward success. When failure occurs, then the firm may punish

Poor reward structures

An organization can be so deeply embroiled in resolving crises and firefighting that it reserves no time for planning.

Firefighting

Some firms see planning as a waste of time because no marketable product is produced. Time spent on planning is an investment

Waste of Time

Some organizations see planning as too expensive in time and money.

Too expensive

People may not want to put forth the effort needed to formulate a plan.

Laziness

Particularly if a firm is successful, individuals may for there is no need to plan because things are fine as they stand. But success today does not guarantee success.

Content with success

By stop taking action, there is little risk of failure unless a problem is urgent and pressing. Whenever something worthwhile is attempted, there is some risk of failure

Fear of failure

as managers amass experience, they may rely less on formalized planning, Rarely, however, is this appropriate. Being overconfident or overestimating experience can bring demise. Forethought is rarely wasted and is often the mark of professionalism.

Overconfidence

People may have had a previous fall experience with planning, that is, cases in which plans have been long, cumbersome, impractical, or inflexible. Planning, like anything else, can be done badly.

Prior bad experience

When someone has achieved status, privilege, or self-esteem through effectively using an old system, he or she often sees a new plan as a threat.

Self-interest

People may be uncertain of their abilities to learn new skills of their aptitude with new systems, or of their ability to take on new roles.

Fear of the unknown

People may sincerely believe the plan is wrong. They may view the situation from a different viewpoint, or they may have aspirations for themselves or the organization that are different from the plan. Different people in different jobs have different perceptions of a situation.

Honest difference of opinion

Employees may not trust management.

Supicion

It is an involved, intricate and complex process that takes an organization into uncharted territory. It does not provide a ready-to-use prescription for success, instead, it takes the organization through a journey and offers a framework for addressing a questions and solving problems

Strategic Planning

Strategic Planning Techniques include:

The Boston's Consulting Group's Growth-Share, Directional Policy Matrix, TOWS Matrix

VITMOLOGY-PPT2

Anndrea S. Galupo · 22問 · 1年前

VITMOLOGY-PPT2