Strategic Planning Process Analysis

Words: 464
Pages: 2
Open Document
Strategic planning is simply clarifying the purpose of an organization, where the organization wants to be at some point in the future and how it is going to get there. This is simple in concept, but not so simple in design and execution. The more complex the organization, the more challenging it is to conduct effective strategic planning. While there are many approaches to strategic planning, most derive from a common framework. The key components of strategic planning almost always start with the mission and values of the organization and an exploration of the current environment and culture. What follows from this are issues and goals of the organization, the strategies to address these, and the action plans for implementation. A successful …show more content…
Identifying these stakeholders is a critical first step in this planning process. This process is designed to ensure a good fit between the internal and external environments of the organization. At this stage, it is most important to identify everyone that needs to be engaged in the strategic planning process. The next two steps are important aspects of exploring the internal and external environments. First, a full review of the mission and values of the institution should begin. This introspective review confirms the purpose of the institution in relation to the planning about to begin. For most colleges and universities, our missions and values are well-defined and need minimal changing. This review is designed to align the planning with the mission and values in an intentional way. Within the external environment of higher education are many mandates that drive operations and impact decision making. For instance, the Federal government mandates certain requirements in order for institutions to be eligible for Title IV funding. States may mandate reporting requirements to ensure efficiencies and effectiveness. And accrediting bodies mandate operational procedures and policies to confirm quality. All of these mandates need to be explored as the strategic planning process begins. Once all of the stakeholders have been identified and the process of reviewing the mission and values as well as scanning the environment for those mandates that are most influential to your institution has begun, it is time for the SWOT
Show More

Related Documents: Strategic Planning Process Analysis

Essay about Study Guide: Strategic Management

Study Guide TRUE/FALSE 1. Strategic planning is the process by which an organization makes decisions and takes actions that affect its long-run performance. TRUE 2. Strategic Management refers to overall, long-run management, including planning, organizing, leading, and controlling effectively and efficiently over the long-run. TRUE 3. Strategic planning is a part of strategic management. TRUE 4. The four stage process of strategic planning includes strategic analysis, strategy formulation, strategy…

Words 2578 - Pages 11

Essay on chapter 6 notes

distinguishes among strategy, strategic management, and strategic planning. We describe three reasons why strategic management and strategic planning are important and how they may work for both large and small firms. business plan, a document that outlines a proposed firm's goals, the strategy for achieving them, and the standards for measuring success. strategy is a large-scale action plan that sets the direction for an organization. Strategic management is a process that involves managers from…

Words 939 - Pages 4

Strategic Planning for Information Technology Essay

Strategic Planning for Information Technology Executive Summary Strategic planning for information technology is one component of an overall company vision for success. This analysis enables IT professionals to successfully define short and long-term goals and discover the resources necessary to realize such goals. To ensure success, the strategic plan should be developed in a thorough but rapid manner, consist of a brief, succinct compilation of analyzed data, and provide opportunities…

Words 3454 - Pages 14

Ind: Strategic Management Process Essay

Strategic Planning Report Angelia Pino March 23, 2015 HCS 589 Dianne Nelson Strategic Planning Report Organizations establish priorities to determine the importance of the organization while combining available resources and energy. Strategic planning educates supervisors, staff and stakeholders the importance of directing their attention to the common goal. Strategic management provides the necessary tools for an organization to determine their mission and future success. Once the organization…

Words 909 - Pages 4

Strategic Management Case Study

1. Introduction: VanBaren (no date) believe that the purpose of strategic management is given distinct direction to satisfy the customers’ needs to employees by planning the steps to the goals. Strategic management are often use by companies to evaluate and analysis of their strengths, weaknesses, opportunities and threats to set put the goals and try to achieve them. This analysis assist companies to understand current conditions in their field industry and environment, the purpose is to turn weaknesses…

Words 995 - Pages 4

HRM 498 Week 1 Individual Assignment; Management Challenges & Concerns Essay

CLICK TO DOWNLOAD HRM 498 (Strategic Human Resource Management and Emerging Issues HRM 498 Week 1 Individual Assignment; Management Challenges & Concerns At your company, you work on all HRM responsibilities, and have been asked to join a committee to present a report on management challenges. This report must include challenges, possible causes, and a plan for addressing them. Select one to two articles on HRM challenges. Write a 350- to 500-word report about these challenges. Format…

Words 958 - Pages 4

strategic HR planning - Stonewall cas Essays

of the term ‘derived demand’ as it applies to Strategic Human Resources Planning. (5 marks) The indirect demand for something that has value based on other goods that can be derived or made from it: such as raw materials or other inputs to a process of production. Derived demand for a material is driven by changes in demand for the end product whose creation or production requires that material. [1] Strategic Human Resource planning is the process of anticipating and providing for the movement…

Words 2298 - Pages 10

Mgt 420 Final Exams Essay examples

concerned about product and process design. However, rather than focusing on only the technical aspects of those activities, operations concentrates on the __________ of these activities.…

Words 1614 - Pages 7

Strategic Management Essay

Strategic Management Process Paper Sophia Carballo MGT/498 August 12, 2013 Richard Wheeler Strategic Management Process Paper Introduction In Chapter 1 of Concepts in Strategic Management and Business Policy, strategic management is defined as a set of managerial decisions and actions that determines the long-run performance of a corporation. The primary components of a strategic management process include internal and external environment scanning, strategy formulation, strategy implementation,…

Words 528 - Pages 3

Essay on Chapter 1 Notes And Closing Case Questi

Chapter 1 The Strategy-Making Process LEARNING OBJECTIVES 1. Specify the relationships between superior performance, profitability, competitive advantage, and sustainable competitive advantage. 2. Identify the roles and responsibilities of strategic managers at different levels within the organization. 3. Outline the main components of the strategic management process (covered in subsequent chapters) and show how they fit together. 4. Explain why formal strategic planning may not always lead to success…

Words 3837 - Pages 16