How does an organization stay focused on its vision when there is a major change in the organization’s management? Does the organization have to start all over?
If the strategic planning process and the development of organizational vision involved a wide circle of management and staff, it is less likely that a change in leadership will cause the organization to lose focus. You don't have to start
Annual planning has an operational focus and is concerned primarily with concrete goal setting and the scheduling of specific tasks to meet these goals. It does not usually concern itself with an analysis of the external environment or the fit
The primary motive for organizations to do strategic planning is to make decisions based on preplanning research and purposeful thinking. There are many specific reasons for a corporation to initiate a strategic planning process, including the following: provide a structure
Strategic planning offers a process for moving from the overall long-range (10-to-20-year) goals and objectives of a comprehensive decision to more specific short-term initiatives and actions. Strategic planning focuses on a couple of priority issues and deals with the community's
Why should I do strategic planning once I already know I want to grow by investing more in sales and marketing?
Sales and marketing without the proper strategy won’t necessarily bring you success. They could just increase your costs. And albeit your sales go up, will you sell the optimal products at the simplest margins to the proper customers? Will you've
It’s common for entrepreneurs to feel their business is doing great—until a sudden change takes place that disrupts or maybe imperils their company. Planning strategically can assist you to steel oneself against such changes and stop flying blind.
How am I able to plan future when the longer term is so uncertain and that I haven’t any idea what is going to happen next week, including several years out?
Planning is needed precisely because the future is uncertain. The information you've got today is often wont to make reasonable forecasts of what the longer term might hold. Thinking about the longer-term helps us plan what to try to to
Planning for your business may cause changes in your company, but they're going to presumably be positive changes. The result should be better decision making, wiser use of resources, and improved growth and profit margins. Also remember that change will
My company is small. We don’t have a lot of money. Isn’t strategic planning just for bigger companies?
That’s a common misconception. All companies, large and little, can enjoy planning for the long run. It can help you whether today’s challenging markets, diversify, and proactively pursue the best opportunities. Strategic planning doesn’t necessarily mean producing an enormous, highly