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By: Reba?N. Stern
Planning is very important in an organization or business firm. It must be specific in addressing a particular desire and future goals. In a systematic process, it always comes first then followed by organizing, leading and controlling. As a manager, you should understand how crucial this first step is. The success of every project or objectives primarily starts in an effective plan.
The steps of strategic planning serve as a tool being used by business firms and organizations in maximizing their resources to implement their goals and aims efficiently in a timely manner. It is a process that every company strives to achieve in order to have a competitive edge in the world of business especially in the market. It includes goal setting, making a flexible business plan and evaluating the personnel?s competency to ensure quality of work which facilitates better productivity and good outcome. These steps are not only limited in the field of business, these are also used in government and education to maximize resources and funds, manpower as well as the managerial skill.
The first strategic planning step is formulating a vision. It gives encouragement to the organization. A vision serves as a lifetime purpose of your actions and efforts. It informs other stockholders, customers, employees and other business partners about what they can expect in your company. It is very significant to define a vision before you will start the operation. You can also include a mission statement which is more focused and centralized in the core description.
Next would be the trend analysis. It helps the company to think and analyze the recent and current updates in the market. As a manger, it will help you to make credible decisions for your future plans concerning your business. By knowing what is going on in the real world especially in the market that undergoes a constant change, it will serve as a path and guide in your fair judgement regarding your decision making to surely meet the demand of the public.
After that, setting of strategic objectives will take place. Aside from your long term goals, there must be a defined strategic objective in order to formulate an actual business plan that will help you in achieving your visualized goals. Objectives must be measurable, attainable, realistic, time bounded and specific. Once these things are set and finalized, you can proceed in identifying the critical success factors followed by implementation. There are so many techniques and strategies being used by several companies in implementing their business plan.
The evaluation of performance and progress will be the last step. It is the best time to use a measurement criteria and a performance analysis tool to assess and monitor the success and progress of the current management. If you will get favorable results base on your standards of checking, then the plan will be proven effective as of the moment. You can now have the choice to continue to adopt with the system including all the processes. Your staffs must also be evaluated so that quality of work can be maintained. Comments and suggestions from them are also recommended in order to hear some voice coming from your manpower.
Author Resource:->??Reba?N. Stern enjoys writing for http://Groovycarts.com which offers golf car accessories and golf car parts as well as a host of additional products. http://www.groovycarts.com/ http://www.groovycarts.com/golf-cart-parts.html
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