Strategic Plan

535 Words2 Pages
bulb-icon

Recommended: Challenge of developing strategy

Plans are used to achieve your organizational goals or vision. The goals are usually long term and are made by upper management, who then pass it down to lower management, it is then passed on to other employees. Goals involved everyone in the company and everyone must do their part to achieve the goal. The goal must specify what the objectives are, it must also be measurable to know how much you will be gaining in the end of the plan towards the goal, measuring the progress helps the team stay focused and on track to achieve its goal, goals must be attainable and realistic, while a team will have to work harder and more hours to achieve it. The goal must not be unattainable and must be relevant to the company and employees, so you will receive …show more content…

Strategic Plans are used by top level management to set objectives, directions, and priorities, it is used to get everyone on the same page, and is a checklist of things that need to be done, to achieve the objectives. It is a guide that the whole organization needs to adhere to. Put things in the plan that you will be able to get done or by delegating to other employees. Upper management is responsible of the strategic plan, since they have an overall idea of the company,they set long term goals usually 5-10 years or longer.
TACTICAL PLAN.
Tactical plans are used in different departments and are carried out by lower level management to do their part to make the strategic plan work. Tactical plan takes the company's strategic plan and set short term, action and plan by departments. Tactical plan is shorter then strategic plan which is usually long termed.. Since lower level management has better knowledge of the day to day operation of the business, they are responsible for tactical planning. Strategic planning is for long term goals, tactical planning is for short term goals. Since we know more today than in the future, tactical plan is more robust than a strategic plan. A tactical plan is flexible in that things could go wrong and disrupt the equilibrium of the

Show More
Related

  • Case Study: Mental Illnessing

    943 Words  | 2 Pages

    The strategic plan is planned those who influence resources and understand how a set of tactics work together, it is identifying and setting a vision. On the other hand tactical planning utilizes the resources to achieve the goals and support the vision. Those doing this type of planning face having to plan the usage of limited resources into actions to achieve a set of goals. I don’t think the two can really be separated, but rather they go hand in hand (Owyang).

    Read More

  • Coastal Medical Center Swot Analysis Paper

    1586 Words  | 4 Pages

    Background Information In implementing a strategic plan for Coastal Medical Center, our consulting team has conducted many analyses and formed numerous strategies in order for Coastal Medical Center to be successful. Such assessments include an internal analysis, external analysis, gap analysis, and SWOT analysis. In conducting these analyses, our consulting team was able to better understand the internal environment, external environment, where the organization currently stands in terms of performance, and the major strengths, weaknesses, opportunities and threats that oppose the Coastal Medical Center. From our inquiry, we will be able to establish a strategic plan that best fits the organization’s needs.

    Read More

  • strategic plan

    1586 Words  | 4 Pages

    After analyzing the Coastal Medical Center, it is apparent that the employees and staff have no conception of the mission, vision, and values of this health care facility. In addition to this lack of structure, CMC has many projects in the midst of production that lack support of a common goal, employees are unsatisfied with their jobs, the two boards lack ability to agree on strategic decisions for the organization,, and the medical center has a dismal reputation when it comes to quality care.

    Read More

  • Boca Raton Swot Analysis

    753 Words  | 2 Pages

    The strategic planning process is helpful and very challenging. According to Dess, Gregory G., G.T. Lumpkin and Marilyn L. Taylor, an organizations strategic management process consists of “the analysis, decisions, and actions an organization undertakes in order to create and sustain competitive advantages” (2005, para. 1). A strategic plan is a roadmap, a blueprint that an organization can follow that allows an organization to formulate fundamental decisions by engaging in a long-range view of what it anticipates to achieve and how it will do

    Read More

  • Healthcare Strategic Planning

    1765 Words  | 4 Pages

    Strategic planning requires a few steps. The steps would be to appoint a strategic planning committee, interview key stakeholders, conduct an analysis that measures strength, weakness, opportunities, and threats, develop a plan, and communicate the plan

    Read More

  • Healthcare Strategic Planning

    963 Words  | 2 Pages

    Strategic Planning Strategic planning is when a groups of decision makers for the organization sit down together and develop an agreed upon, step by step plan, which will allow the achievement of the organization’s mission and vision. This requires the group to utilize their critical thinking skills to develop SMART goals. These SMART goals can be used as benchmarks to ensure the plan they have created are meeting the group desired outcomes. This planning requires both an analytic and emergent approach. Analytical Approach Analytic approach is when management uses their knowledge of the capacity of their organization and effects of outside forces to develop a plan which follows a sensible progression of stages towards completion

    Read More

  • Walmart Strategic Analysis

    1778 Words  | 4 Pages

    Definition - A company’s strategic plan lays out its future direction and business purpose, performance, targets and strategy.

    Read More

  • Strategic Planning: The Managerial Agenda

    1117 Words  | 3 Pages

    If asked what strategic planning is one could interpret it as simply a road map that can guide the organization in the right direction. It is very unlikely that an organization would know which direction to take without a sense of direction. Managers are faced every day with decisions that have a major impact on the direction the organization must take, therefore, strategic planning can play an important role in guiding managers in the right direction. In other words strategic planning is a tool that management can use to give them a sense of direction that will guide them in doing a better job and to ensure that all the members of the organization are working toward the same goals

    Read More

  • Importance Of Strategic Planning

    1193 Words  | 3 Pages

    Strategic planning has a focus on stabilizing the current environment, and it also support the organization's business plans and goals. Strategic planning helps to implement new projects, new technology, consolidation of data centers, data warehouses, exponential data growth, cost of ownership, and resources available in an organization to assess the future requirements. Strategic planning analyzes the business plan, potential blockage or other issues in the current architecture, processes and their implementation in new initiatives, and processes. Strategic planning helps to formulate the ideas about the key factors that are affecting the present and future development of the organization and the opportunities offered by the environment and the competence of the organization.

    Read More

  • Essay On Importance Of Planning In An Organization

    738 Words  | 2 Pages

    “Strategic planning 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” ("Basics of Strategic Planning," 2016). This particular type of planning helps the organization focus on a defined set of goals and allows them to adjust their goals depending on the environment. Strategic planning should follow guidelines. In order for strategic planning to succeed, an organization needs to be ready to succeed. “But even when there are good reasons to do it, the organization still needs to be prepared to engage in a successful process” (Bryson & Alston, 2011). Financial planning will be the other type of planning I will be discussing that organizations use. Financial planning will allow an organization to predict the growth of the organization as well as future profits. “Financial planning is looking at long-term profitability in order to create a greater return on assets, an increase in market share, and being able to look and see future

    Read More

  • Business Management

    1102 Words  | 3 Pages

    Managers at all levels of the organizational hierarchy must engage in planning. Planning involves setting goals and defining the actions necessary to achieve those goals. In planning the top-level manager establishes the overall goals and strategies for the organization. While on the other hand the other managers in the hierarchy develop operational plans for their work groups, which has a responsibility to help the organization. All the managers must develop goals that are supportive in the over all strategy of the organization.

    Read More

  • Fundamentals of Management

    725 Words  | 2 Pages

    Planning can be used to help the organization map out a way to efficiently achieve their goals. The beginning of the planning process should include analyzing of the current situation. From this information the company can determine the goals and start to outline the steps that need to be taken to ensure that the goal will be met. Other planning activities that should be completed are determining the company’s objectives and were they want to be in the future. This will help them to choose their business objectives and strategies. In addition, the company should look at the resources that they have available and determine if they are sufficient to achieve the organizations goals.

    Read More

  • Strategic Planning: The Four Steps In Strategic Management

    734 Words  | 2 Pages

    Strategic planning is an organizational process in which it looks towards developing and sustaining success or balance in its ever changing environment.

    Read More

  • Seafood Marketing Plan

    1968 Words  | 4 Pages

    Strategic Planning is looking at where you are now, knowing where you want to be in the future and planning the steps to get you there.

    Read More

  • Strategic Planning, Facilitation And Sony Corp.

    1872 Words  | 4 Pages

    Strategic Planning is a long term plan of action designed to achieve a particular goal, as differentiated from tactics or immediate actions. It may employ methods like SWOT analysis to help clarify objectives and strategies. Strategic planning uses "the big picture" to pursue large scale, long term objectives. (Wikipedia - Strategic Planning, 2006).

    Read More

More about Strategic Plan

Open Document