Importance Of Having A Strategic Plan With In An Organisation | NY ...

By admin on February 18, 2012

strategic plan

? * IMPORTANCE OF HAVING A STRATEGIC PLAN WITH IN AN ORGANISATION.

? * DIFFERENT STAGES IN THE DEVELOPMENT OF A STRATEGIC PLAN FOR A COMPANY.

? * IMPORTANCE OF SWOT ANLYSIS IN ORGANISATIONAL AUDIT PROCESS WITH AN EXAMPLE TO PERFORM SWOT ANALYSIS.

? * ? IMPORTANCE OF PORTER?S INDUSTRY STRUCTURAL ANALYSIS MODEL AND ITS ASSISTANCE TO DETERMINE INDUSTRY?ATTRACTIVENESSS WITH AN APPROPRIATE EXAMPLE.

IMPORTANCE OF HAVING A STRATEGIC PLAN WITH IN AN ORGANISATION
Strategic planning is a process in which an organization defines its strategy and makes decisions on allocating its resources so that it can pursue the decided strategy.
Strategic planning is fundamentally a decision making process, based on asking simple questions, analyzing the desired range of answers, and choosing among the available options:
??????????? What we do???????????????????????? Where are we going?
??????????? Where are we now??????????????????? How will we get there?

??????????? How did we get here???????????????? When will we get there?
??????????? Why are we in this business???????????? What will it cost?
Various business analysis techniques that can be used in strategic planning are:
? 1. SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats )

? 2. PEST analysis (Political, Economic, Social, and Technological)

? 3. STEER analysis (Socio-cultural, Technological, Economic, Ecological, and Regulatory factors)

? 4. EPISTEL (Environment, Political, Informatic, Social, Technological, Economic and Legal)
It is viewed as a process for determining where an organization is going over the next year or within the next 3 to 5 years (long term) or more longer term than this that is 20 years vision. The organisation needs to know where it stands, where it will reach in the end and what will be its condition at that time. That is called the Strategic Plan which is a final byproduct of all the strategic decisions taken by the organization?.

Posted in Uncategorized | Tagged PEST, STEER, Strategic Plan, SWOT |

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