Explain the strategic planning process step by step and give the definition of each specific analysis© BrainMass Inc. brainmass.com October 16, 2018, 4:39 pm ad1c9bdddf
Steps of Strategic Planning Process
1. Identify the firm's existing vision, mission/goals, objectives; research all the resources available: Vision is firm's primary goal for the future. Mission statement and goals are the refined and clarified form of vision over the years. Objectives are the goals that the firm hopes to accomplish in its immediate future.
If this information is not readily available or explicitly delineated, often assumptions can be made or implied from the general information that is available.
If the vision, mission/goals, and objectives cannot be discerned from actual or implied information , then they should be developed after conducting internal and external analysis.
2. Identify the firm's basic approach to competition in its primary industry: At this stage Michael E. Porter's "Generic" Strategy Model should be applied.
Low-Cost Strategy: The industry situation that calls for this type of approach is one in which consumers perceive little or no difference between the products or services being offered and, therefore typically seek the lowest ...
The main steps of strategic planning process is explained
Effective organizations and strategic planning processes
Please see the attachments (scenario & grid). I need help in understanding the processes. I have the following questions below.
1. In terms of strategic planning, what kinds of processes should be implemented to make training programs more relevant to current job market/employer needs? Who should be involved & how? What kind of process timeline is needed to ensure key decision makers are involved early on for the purposes of budgeting and staff buy-in?
2. Who are the key stakeholders impacted in this scenario? Using the attached power versus interest grid, how does one influence the other?
3. In terms of internal and external threats, where should the planning committee place its focus in devising an effective strategic plan?
4. What are the strategic issues? What are the operational issues? How are they different from each other?
5. What recommendations are necessary in making sure funds are used wisely? Where can funds be obtained from?
6. Why do you believe the above suggestions must be taken into consideration for the good of the organization? How would you conduct an effective evaluation of the new plan?View Full Posting Details