Types of planning used to achieve goals
For this paper we will look at two different types of planning used to achieve goals. Although we are only looking at two different types there are many other types of planning methods used in companies today. The planning process is a very important part of any business. Without planning a business will most likely flop. Planning sets up the roadwork for longevity, and creating a mission and vision for the company. How can a vision be created and executed if there is no planning process for which to reach said vision?
The first planning type we are going to look at is strategic planning. Strategy by definition is a plan of action or policy designed to achieve a major or overall aim. (Strategy, 2016) A strategic plan usually entails a goal greater than five years to achieve. A strategic goal also usually involved every department of a company as a whole. To use strategic planning one must have a very broad perspective of what the company could be and analyzes it in a very long timeframe. (Simerson, 2011) Strategic planning is...
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... strategic and tactical planning and although they are two different planning methods they coincide more than I thought. As with everything in business without one or the other a company would have a hard time reaching the vision of the company. Strategic planning and tactical planning are the most utilized planning methods in the business world. (Pirraglia, 2016) This can be because they intermingle so seamlessly. Any good company will utilize strategic and tactical planning methods, just remember the strategic plan comes first. With a mission and vision, followed through with a strong strategical plan a company can succeed. For a company to prosper take it a step further and utilize tactical plans to implement the departmental factors for the strategic plan. When utilizing both planning methods a company can strive for the longevity every business owner dreams of.
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