The planning process is comprised of two key parts---strategic planning and operational planning. Strategic planning establishes an organization’s long-term vision‚ objectives and strategies required to achieve the objectives. Operational planning is the execution phase. It outlines a framework for implementing the strategies and achieving the objectives. Strategic Plan The strategic plan covers a three to five year time frame. Annual reviews are conducted to assess if the plan is on track and
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process of strategic planning. Strategic planning‚ when done correctly‚ necessitates making decisions that will ensure the district’s ability to successfully respond to changes‚ focus on specific goals and plan for sustainable financial and educational viability. As superintendent‚ I have had the experience of both leading strategic planning initiatives and also using professional organizations to assist our efforts. One key and fundamental component in making the strategic planning process work
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Strategic Planning and Management Development Throughout the business industry the people who are most associated with the business process has found strategic planning and management development "requires constant shifting back and forth between long-run and short-run thinking" (Dess and Miller‚ 5). Planning is a business process that involves one or more people (depending on the type business) whom decide where the business ’s objectives lie and how to initially accomplish them over a period
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1. INTRODUCTION TO STRATEGIC PLANNING Strategic Planning Process Defined Successful RBA efforts involve strategic planning‚ implementation‚ monitoring‚ and evaluation (which will ultimately provide data that will be used in future planning and implementation efforts). Strategic planning‚ an essential first step in the development of a results-based accountability system‚ is defined as the process of addressing the following questions: Where are we? What do we have to work with? Where do we want
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Chapter 10 Planning and Strategic Management Planning Overview Importance of Goals: Goals provide a sense of direction Goals focus our efforts Goals guide our plans and decisions Goals help us evaluate our progress The importance of planning at organizations The Hierarchy of Organization Plans Strategic Plans – Plans designed to meet an organization’s board goals. Operational Plans – Plans that contain details for carrying out‚ or implementing‚ those strategic plans in
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Abstract Ask five or ten different people for a definition of strategic planning or decision making or even planning and you will probably receive five or ten different answers. Most agree that strategic planning is a way to identify long-term goals and to direct your company toward fulfilling those goals. Most also will agree that decision making is a cognitive activity involving the interplay of environmental cues and human cognitive processes‚ culminating in the selection of one or more possible
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tool‚ the strategic planning process has received a lot of criticism over time‚ among them is the difficulty in implementing strategies due to the separation between formulation and implementation of strategy" (MINTZBERG‚ 1994 pp 479 ). Jick (2001)‚ conceives that while much research has been done on strategy‚ not enough focus has been given to the implementation of planned actions. It’s as if the two go hand in hand based on previous studies. If one is going to practice strategic planning they would
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Strategic Planning Case: The Future of the Great Italian Food Company As each member of the family has a different perspective of where they want the restaurant to go‚ a strong recommendation would be to start by following the steps in the strategic management process: Step 1 – Establishment of Mission‚ Vision‚ Goals Step 2 – Analysis of External Opportunities and Threats Step 3 – Analysis Internal Strengths and Weaknesses Step 4 - SWOT Analysis and Strategy Formulation Step 5 – Strategy
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Global Strategic Planning As a home grown U.S. company Starbuck ’s quickly saturated its market‚ and hence several years ago looked at the global market for growth. One of these global markets is China‚ the most populous nation and home of the record breaking double digit gross domestic product or GDP rates. However‚ the Chinese culture is so much different that the U.S. culture‚ in fact some Chinese observers would say that the two cultures are apposite‚ hence careful strategic planning enhances
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Strategic Initiative Paper {text:bookmark-start} University of Phoenix {text:bookmark-end} FIN370 Rick Schutz‚ Instructor October 12‚ 2009 Strategic Initiative Paper Strategic Planning and Initiative The following is an excerpt from Amazon ’s Frustration-Free Packaging Program Expands with Dozens of New Toys from Top Brands: “Packaging frustration is real – we hear about it from customers all the time‚” said Sarah Wood‚ director of the Amazon.com Toys & Games Store. “Birthday
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