unit i conti

8/13/2019 Unit i Conti...

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-Ranpreet Kaur

Strategic Planning


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Strategic Planning

Strategic planningis an organization's process of definingits strategy, or direction, and making decisionson

allocating its resources to pursue this strategy.

Or

A systematicprocessof envisioning a desired future, and

translating this visioninto broadlydefined goalsor objectivesand a sequence of stepsto achievethem

Or

A strategic plan is a road map to lead anorganization from where it is now to where it would like to bein five or ten years
http://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Strategyhttp://en.wikipedia.org/wiki/Decision_makinghttp://www.businessdictionary.com/definition/systematic.htmlhttp://www.businessdictionary.com/definition/process.htmlhttp://www.businessdictionary.com/definition/vision-statement.htmlhttp://www.businessdictionary.com/definition/goal.htmlhttp://www.businessdictionary.com/definition/objective.htmlhttp://www.businessdictionary.com/definition/achieve.htmlhttp://www.businessdictionary.com/definition/achieve.htmlhttp://www.businessdictionary.com/definition/objective.htmlhttp://www.businessdictionary.com/definition/goal.htmlhttp://www.businessdictionary.com/definition/vision-statement.htmlhttp://www.businessdictionary.com/definition/process.htmlhttp://www.businessdictionary.com/definition/systematic.htmlhttp://en.wikipedia.org/wiki/Decision_makinghttp://en.wikipedia.org/wiki/Strategyhttp://en.wikipedia.org/wiki/Organization


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Strategic Planning (conti)

A strategic plan is the sum total or outcome of theprocesses by which an organization engages in

environmental analysis, goal formulation, and

strategy development with the purpose of

organizational growth and renewal.

Provides unified vision and goals for the

organization

Helps ensure that the needed resources are

available to carry out initiatives


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Conti.

Used by Stakeholders, community groups,government departments, organizations and

businesses to develop blueprint for action and

change

the process should be community based,

inclusive and participatory to allow for maximum

stakeholder involvement and input.


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Key components

Vision-

outlines what the organization wants to be, or how it wants the world in

which it operates to be.

Mission-

Core purpose of organization

Formal expression of the purpose or reason for existence of theorganization

Defines the fundamental purpose of an organization or an enterprise,

succinctly describing why it exists and what it does to achieve its vision

Philosophy-

a value statement of the principles and beliefs that direct the

organizations behavior


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Conti..Values-

are the principles, standards, and actions considered worthwhile

in the organization and part of the organization culture

Beliefs that are shared among the stakeholders of an

organization

Strategy-

a plan of action designed to achieve a long-term or overall goal.

the skill of making or carrying out plans to achieve a goal


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Benefits of Strategic Planning Defines mission, vision & values

Establishes realistic goals, objectives & strategies

Ensures effective use of resources

Provides base to measure progress

Develops consensus on future direction

Builds strong teams

Solves major problems


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Strategic Planning Process

Map the present situation (Environmental Scanning and SWOT

Analysis)

State Vision And Mission

Developing Goals, and Objectives (SMARTER-Specific,Measurable, Acceptable,Realistic,Timeframe, Extending, Rewarding)

Develop and prioritize potential strategies and tactics plans

Communicating the Plans

Implementation Monitoring ,Evaluation and Continuous improvement

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