Preview

Conventional and Strategic Planning

Good Essays
Open Document
Open Document
372 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Conventional and Strategic Planning
Strategic Planning Question A

One of the major differences between conventional planning and strategic planning is that
"conventional planning tends to be oriented toward looking at problems based on current understanding, or an inside-out mind set. Strategic planning requires an understanding of the nature of the issue, and then finding of an appropriate response, or an outside- in mind set" (Rowley, 1997, p. 36).

Strategic Planning is a necessary process that must occur for any organization to thrive and prosper. Strategic planning is not just limited to businesses, but educational and religious organizations as well. Strategic planning provides a roadmap for the organization to follow in achieving its goals. Conventional strategic plans does not account for change or learning new things. In this type of planning change becomes the enemy. This could cause problems for a business or eventually failure of a business.

Strategic intent "is predicated on involvement" of key participants. "To think strategically, ... they must be active, involved, connected, committed, alert, stimulated. It is "the calculated chaos" of their work that drives their thinking, enabling them to build reflection on action as an interactive process." "Such thinking must not only be informed by the moving details of action, but be driven by the very presence of that action"
(Mintzberg, 1994, p.291).

Strategic thinking involves a more qualitative approach as opposed to quantitative ((Hamel and Prahalad, 2005). Strategic intent allows for individuals to use their creativity and expertise to determine what is good for the organization. This allows for some flexibility in the plan to adjust for the here-and-now based on current market conditions.

Skills based strategic planning makes resources available for employees to gain the necessary training and additional tools to reach maximum potential in their job productivity (Schulz and Hofer, 1999).

References:



References: Hamel, G., & Prahalad, C. (2005, July). Strategic Intent. (cover story). Harvard Business Review, 83(7/8), 148-161. Retrieved January 4, 2010, from Business Source Premier database. Mintzberg, H., (1994). The rise and fall of strategic planning. New York: The Free Press. Rowley, D., (1997). Strategic Change. San Francisco, CA: Jossey-Bass Publishers. Schulz, W. C., & Hofer, C. W. (1999). [Preface]. In Creating value through skill-based strategy & entrepreneurial strategy. London: Pergamon.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Riordan Strategic Plan

    • 731 Words
    • 3 Pages

    Strategic planning is the process of developing strategies for a business to achieve the greatest success possible with the best information currently available. The idea is to build a solid structure and plan of action to meet the objectives of the business. Additionally, a strategic plan focuses on the necessary guidelines the plan must have to ensure the organization meets set objectives. In connection, Riordan Manufacturing, Incorporated is a leader in the industry of manufacturing products by plastic injection molding.…

    • 731 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    MHA 612 FINAL PAPER

    • 3334 Words
    • 10 Pages

    “For that reason, strategic planning is a method of giving the direction and aligns the firm in relation to the surrounding environment and be competitive. Besides being as a management tool in a firm, strategic planning provides preparedness and modes of response to the environment (Wilson and Eilertsen, 2010).”…

    • 3334 Words
    • 10 Pages
    Best Essays
  • Good Essays

    Mkt 301 Exam 1 Study Guide

    • 1313 Words
    • 6 Pages

    Strategic planning: The managerial process of creating and maintaining a fit between the organization’s objectives and resources and the evolving market opportunities.…

    • 1313 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Hrm/531 Week 9

    • 525 Words
    • 3 Pages

    After reading chapter nine about strategic management I have found out that it is a key component of an organization. Many objectives have to be kept in mind when implementing strategic management such as understanding that both planning and designing a strategy involves a great amount of risk and resource assessment, the ways to counter the risks, and obtain effective utilization of resources all while trying to achieve a significant purpose. Organizations are normally established with a goal in mind, which defines the purpose for its existence. All of the work carried out by the organization revolves around this particular goal, and it has to align its internal resources and external environment in a way that the goal is achieved in rational expected time. Strategic Management on a corporate level normally incorporates…

    • 525 Words
    • 3 Pages
    Good Essays
  • Good Essays

    6 3 Case Study

    • 408 Words
    • 2 Pages

    Strategic planning refers to a course of action for outlining organizational objectives, carrying out planning to achieve those objectives, and measuring the usefulness of those strategies (Kovner & Knickman, 2011).…

    • 408 Words
    • 2 Pages
    Good Essays
  • Good Essays

    “Strategic planning is an organization 's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people” (Wikipedia).…

    • 851 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Strategic planning is an organisations process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and customers. Various business analysis…

    • 1554 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Strategic planning is the process followed by an organization in which it defines its strategies and makes plans for proper allocation of its available resources to achieve its objectives. While developing a strategic plan, it is essential to consider the various internal organizational factors in order to help the plan succeed. The internal organizational factor comprises of mission, vision, values and guiding principles, strategy and strategic objectives of the organization. Before creating any strategic plan, it is essential to know where the company is standing and where the company intends to go. The company must look at their have a look at the mission statement and the vision statement of the organization and then they must match it with the required demands and then frame the strategic plan. The mission statement depicts the purpose that an organization has and vision statement determines the future by formulating a picture of the organization. Therefore, they are the most important internal considerations for the development of a strategic plan .…

    • 676 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    In order for an organization to be successful, ongoing strategic planning must take place. Particularly in the health care field it has proven to be beneficial in evaluating alternative steps and establishing goals for the future (Buchbinder & Shanks, 2012, p. 78). A strategic plan is a process by which managers develop a carefully devised plan of action to achieve the goals of the organization.…

    • 1366 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Strategic planning is the process of envisioning the organization’s future and developing the necessary goals, objectives, and action plans to achieve that future.…

    • 1615 Words
    • 9 Pages
    Satisfactory Essays
  • Best Essays

    University of PhoenixStrategic management and planning is a very important part of all businesses. Without strategic management and planning most businesses will fail. Each business has had a strategic plan formulated at one point. After the plan is formulated then it is implemented and finally controlled.…

    • 4552 Words
    • 19 Pages
    Best Essays
  • Good Essays

    Strategic planning is the backbone of the strategic management in the organization. Strategic management takes care of the overall organization by periodically checking the strategic planning of the organization to make sure that the planning is still in line with the directional strategies, which ensures the future of the company. Strategic management is more of a thought process then a physical tool, which helps to predict issues that will be important to the future of the healthcare company. Strategic management is a way of life and not just a temporary tool to satisfy the government industry…

    • 739 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Strategic planning is the organized process where an organization creates a plan to progress from its current situation to the desired future situation (Perera & Peiró, 2012). Further, it establishes decision-making criteria that will guide an organizations activities. Strategic planning is vital for healthcare organizations because it enables them to proactively plan for and respond to changes in their dynamic business environment.…

    • 1200 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    The company’s strategic intent is management action plan for competing successfully and operating profitably based on an integrated array of considered choices like action to gain sales and market share with lower prizes based on lower costs, actions to capture emerging market opportunities, and so on…

    • 566 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Strategic Planning

    • 941 Words
    • 4 Pages

    Involving HR in the strategic planning process will provide The HR team with the information, and input, on the corporate mission and goals. This will allow the HRM team to assess the existing employees for the core requirements needed for meeting the goals. The assessment will provide information on training and development programs and will facilitate a targeted recruiting for staff able to support the direction of the organization (Lawler, 2012, August 15).…

    • 941 Words
    • 4 Pages
    Good Essays