Strategies in Planning
Sharyn A. Quelitano
BSIE III-2
Topic: Strategies in Planning
I. Introduction: Strategic planning is an organization 's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. In order to determine the direction of the organization, it is necessary to understand its current position and the possible avenues through which it can pursue a particular course of action. Generally, strategic planning deals with at least one of three key questions: "What do we do?", "For whom do we do it?", "How do we excel?" In many organizations, this is viewed as a process for determining where an organization is going over the next year or—more typically—3 to 5 years (long term), although some extend their vision to 20 years.
II. Objectives:
1. Give the key components of strategies in planning. 2. What are the processes in strategic planning? 3. Give the approaches to strategic planning. 4. Give the techniques in Business Analysis Techniques. 5. Enumerate the factors that asses the external situation in strategic planning.
III. Definition of Terms: · Strategy- is a plan[->0] of action designed to achieve a vision. Strategy is all about gaining (or being prepared to gain) a position of advantage over adversaries or best exploiting emerging possibilities. · Hierarchy- is an arrangement of items (objects, names, values, categories, etc.) in which the items are represented as being "above," "below," or "at the same level as" one another. · Big Hairy Audacious Goals- is a strategic business statement which is created to focus an organization on a single medium-long term organization-wide goal which is audacious, likely to be externally questionable, but not internally regarded as impossible. · Stakeholder Analysis- is the process of identifying the individuals or groups that are likely to affect or be affected by a proposed action, and sorting them according to their impact on the
BSIE III-2
Topic: Strategies in Planning
I. Introduction: Strategic planning is an organization 's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. In order to determine the direction of the organization, it is necessary to understand its current position and the possible avenues through which it can pursue a particular course of action. Generally, strategic planning deals with at least one of three key questions: "What do we do?", "For whom do we do it?", "How do we excel?" In many organizations, this is viewed as a process for determining where an organization is going over the next year or—more typically—3 to 5 years (long term), although some extend their vision to 20 years.
II. Objectives:
1. Give the key components of strategies in planning. 2. What are the processes in strategic planning? 3. Give the approaches to strategic planning. 4. Give the techniques in Business Analysis Techniques. 5. Enumerate the factors that asses the external situation in strategic planning.
III. Definition of Terms: · Strategy- is a plan[->0] of action designed to achieve a vision. Strategy is all about gaining (or being prepared to gain) a position of advantage over adversaries or best exploiting emerging possibilities. · Hierarchy- is an arrangement of items (objects, names, values, categories, etc.) in which the items are represented as being "above," "below," or "at the same level as" one another. · Big Hairy Audacious Goals- is a strategic business statement which is created to focus an organization on a single medium-long term organization-wide goal which is audacious, likely to be externally questionable, but not internally regarded as impossible. · Stakeholder Analysis- is the process of identifying the individuals or groups that are likely to affect or be affected by a proposed action, and sorting them according to their impact on the