What is Strategic Planning? 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. It is a disciplined effort that produces fundamental decisions and actions that shape and guide what an organization
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Mission * Values that drive the mission * Business plans and objectives that supports the mission * Company Culture * Ethics..what is this? Ethics: policy..procedures..what should they be? * Organizational Competitive Strategy * Consider the strategy also from a strategic choice standpoint see your textbook Part 2 HR Planning * Thoroughly discuss key issues and problems with HR Planning * How do the key issues relate back to HR and the Mission * Develop and
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Government 2011) To stem and manage such growth city planners and local authorities must be diligent. Below is a picture of the daily traffic in the main city center‚ this is an example of the current situation when unfettered growth and poor or lack of planning are present. While this may be an extreme example two of the projected largest
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Operational Planning- 4th phase in the planning process. Operational Plan is a detailed plan used to provide a clear picture on how a team‚ section or department will contribute to the achievement of the organization’s goal. Once the strategic plan is approved‚ it must be broken down into operation categories. These set of categories are: Operational Categories 1. Product planning and development 2. Market planning 3. Production Planning 4. Manpower Planning 5. Organizational Planning 6. Financial
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AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 SUB: BUSINESS PLANNING & POLICY MANAGEMENT Instructions: 1. Maximum marks : 80 Marks 2. Attempt any 8 questions 3. Illustrate with examples wherever applicable Q1) XYZ Ltd. Wishes to adopt the cost-leadership business strategy for one of its SBUs. How should it ensure operational effectiveness in terms of productivity‚ processes‚ people and pace? If‚ after 1 year‚ the company wishes to change
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What is Tax Planning? Tax planning is an essential part of your financial planning. Efficient tax planning enables you to reduce your tax liability to the minimum. This is done by legitimately taking advantage of all tax exemptions‚ deductions rebates and allowances while ensuring that your investments are in line with your long-term goals. However in a broader sense tax planning is not to save the tax for current financial year but also make an effective planning of the sources of your income
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How to save tax in 2013: Your guide to planning The most important rule of tax planning is that it is no different from financial planning. The Section 80C offers a wide range of options‚ each suited to a different need. Choose an option that fits into your overall financial plan‚ not because it offers good returns or your brother-in-law is selling it. It is easier to identify the best option if you do not leave tax planning for the dying days of the financial year. You get a rough idea of
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CC503-Traffic engineering CHAPTER 1 :TRANSPORTATION PLANNING 1.0 Highway Engineering Process of design and construction of efficient and safe highways and roads. 1.1 Transportation Engineering Application of scientific principles to the safe sub-discipline of civil engineering. and efficient movement of people and goods ( transport). It is a 1.3 The relationship between transportation ‚ people and goods Transportation is the movement of people and goods from one place to another with
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Educational Planning Planning can be defined as “a process of taking decisions for future actions in order to achieve pre-determined objectives by optimum utilization of available resources in a limited time frame”. Thus a pre-condition for planning is the existence of certain objectives which need to be achieved and constraints in this respect are time and resources. Here resources include all the three types of resources namely physical(or material)‚ financial and human resources. It is said
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Assignment 3 “Strategic Planning is inextricably interwoven into the entire fabric of management; it is not something separate and distinct from the process of management” (Steiner‚ 1979:7). In simpler terms‚ Steiner goes on further to explain how Strategic Planning is an organizational management activity. This activity is used in order to set priorities‚ focus energy‚ strengthen operations‚ ensure common goals are met‚ establish agreement around intended outcomes/results‚ and assesses/adjust
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