|Strategy: Strategic Planning Process|
Page 1 of 45Strategic planning is a systemic process through which an organisation assesses where it is at the present time, communicates where it wants to be in the future (through its mission and vision), and makes the necessary decisions to reach its goals. The process includes making sure that monitoring, control and improvement mechanisms are in place, which help to ensure the smooth implementation of the plan and mitigate any interruptions.
In This Report
The StageAn organisation that fails to plan strategically, plans to fail. According to the Baldrige Excellence Framework, a strategic planning process addresses strategic and action planning; the implementation of plans; how plans are changed if circumstances dictate; and, how accomplishments are measured and sustained. Long-term organisational sustainability and the competitive environment are key strategic issues that must form an integral part of an organisation’s overall planning.
Strategic thinking that is not supported by a robust and timely strategic planning process is unlikely to lead to success. There are many examples of highly successful companies whose fortunes have dipped significantly – or who have even gone out of business – because they did not show the agility they needed to plan strategically at the appropriate time.
This report, which kicks off the second major business excellence model category of Leadership, aims to enable readers to visualise and devise a ground-level, robust strategic planning process for conventional, innovative and disruptive business environments. It provides information about value-added strategic processes and provides links to a wide range of resources that are designed to help your organisation get to where it wants to be.
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