Strategic management process
It is really important in defining the organization's mission, goals and procedures settingStrategic Planning for churches
Effective plan thus a prerequisite for the success of any organization and that includes a church as well.Models of Strategic Planning
Entrepreneurs and traders are always looking for the perfect recipe for success, that is sure to sell like hot cakesStrategic Planning Process
Important step in the effective business strategy.Strategic leadership focuses your strategic planning
But most executives are not directly involved in strategy development. What, then, is their role in the process? It is no doubt the responsibility of senior management to make sure that their strategies are communicated and understood at the appropriate levels.
It is the responsibility of the others to implement them. For example, a strategy of good after-sales service must be backed up by adequate resources in terms of trained personnel, adequate stocks of spares, and good repair facilities.
Strengths of strategic planning
- Three factors contribute to one’s strengths; via
- Ability, which is the resultant effect of attitude, knowledge, and skill.
- Resources available, which may be physical or financial.
- Weakness of the competition, or the opposing could become one’s strength. Strengths are relative.
Ability
- Geographical coverage: Apart from the local market is the ability adequate for entry into the national, or the world market?
- Versatility: Is one able to adapt to various situations and an ever changing environment?
- Growth: Ability normally follows the cycle of growth, stability and decline. What is one’s position on the development curve? Can the status of stability or decline be changed to one of growth?
Weaknesses of strategic planning
- One’s own weaknesses are determined through failures, defeats and losses. There are three possible outcomes to the analysis of one’s deficiencies. There are
- Correction – An identification of a defect can lead to an action plan for correction.
- Protection – Cover-up and prevention are strategies that can be adopted to reduce the exposure of one’s weaknesses.
- Aggression –This is another technique that is used to divert the attention from one’s weaknesses; e.g., external threats are used to divert attention from internal economic issues.
Effective implementation means action, meeting the specified quality standards at the least cost. Strategies must, therefore, be converted into action plans which will be put into operation in the field.
It is the
responsibility of those who implant strategy to provide the feed-back as to the effectiveness of the Strategy in meeting its objectives in terms of time, cost and quality. For Example, after-sales service should not become a post
manufacturing operation to rectify defects not corrected in the first place on the shop floor. In a dynamic, fast-changing environment, strategies cannot be static. Flexibility is the order of the day. While all cannot be involved in
strategic planning, everyone can be involved in strategic thinking.
Leadership Blog
Leaders can post their ideas on this leadership Blog.How to Write a Strategic Plan Template
Having a template for the strategic plan may eliminate unnecessary misunderstandings that waste time and frustrate workers. Developing a template for a strategic plan is simple.Watch leadership videos
watch Leadership motivational videos and latest leadership PPT - PowerPoint presentations.