STRATEGIC PLANNING A strategic plan of an brass instruments mission and future direction, near-term and long-term performance targets, and strategy.
When a rarefied but elderly scientist states that something is possible, he is almost certainly right. When he states that something is impossible, he is very probably wrong. (Profiles of the Future, 1962) Strategic planning is a combination of rational, scientific examinations and educated, instinctive best guesses.
The process entails: examining the organizations precise issues and determining how the organizations strengths and skills can be employed and analyze the opportunities of the organization to meet the critical issues and choosing the best get ones for the organization. During this evaluation ask these fundamental questions: Does the strategy meet/address critical issues? Is this associated with our mission? Is this approach financially viable? It is important not to disregard the ideas that stick with to people during non-working hours.
The Polaroid camera is the result of a three socio-economic class olds question to her father: Dad, why cant I see the photo now? Strategic Planning is the process an organization goes by means of to envision and achieve its future-identifying the steps and means necessary to leverage existing strengths and oercome identified weaknesses.
IS STRATEGIC PLANNING obligatory? Consider the following reasons for strategic planning.
        Technology and the fast stones throw of change are making blood management more complex. In this strategic planning will help to predict and react quickly to market changes and opportunities and to identify the areas in which the business is lagging behind.
        Competition is becoming tougher. Small companies find themselves competing with a great deal larger companies and theses larger companies know the benefits of strategic planning and they utilization it. For example: Ericsson is one company which plans far ahead over others i.e. it plans for the next 80 years to come and therefore has an expediency over other...
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