Different Types Of Organizational Planning: Strategic And Strategic Planning

“Planning is fundamental part of our lives.” “Planning is a process by which you formulate a particular intent, identify one or more associated goals, and then decide on the action you will take to realize your intent and achieve your goals.” Simerson, B. K. Planning is not exclusively for anything special or only business related. Every individual has to plan many things in their lives on a daily basis. Planning can be as simple as daily shopping or as complex as raising and educating your child. We plan, because we want to maximize the productivity and outcomes of our efforts in a limited time. Planning is also an essential function of management of an organization. The better plan an organization has, the more successful they will be. They plan because they want to manage the times in order to achieve the most important goals. No matter what our role is in an organization; we all have a major role to make that organization successful. We all have an important role to work toward the organization’s goals and developments. There are two major types of organizational planning that a manager will be working towards that. Tactical and Strategic planning are both being used by managers for pursuing organization goals. Simerson, B. K These two ways of planning are relevant and one completes the other. In order to understand the relationship between these two types of plans, it is necessary to know that “Strategic plan are designed with the entire organizational in mind and begin with an organization’s mission” whereas “tactical planning typically

(2) It also involves careful preparation, prudent analysis of information and data, credible decision making, and utilization of various tools and techniques.” Simerson, B.