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3) Strategic Planning

3) Strategic Planning

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Published by vijaypalsingh
Strategic planning ppt
Strategic planning ppt

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Published by: vijaypalsingh on Jan 14, 2009
Copyright:Attribution Non-commercial

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03/09/2013

original

 
 
Strategic Planning
Strategy
 
 A course of actions. 
Company's plan to match it’sinternal strengths & weaknesses with external opportunities and threats while maintainingcompetitive advantages.
 
 
 
Strategic Management Process
 
1DefineCurrent B. &Mission2Internal/Ex.Auditd3FormulateNew BusinessMission4Translatemission intoGoals5Formulatestrategies toachieve Goals6Implementstrategy7EvluatePerformanceStrategic PlanningStrategicexecuationStrategicEvluation
 
 
Understanding the Concepts
Vision: 
 A statement of Business direction whichgenerates emotional feeling in organization'smembers.
Mission: 
Spells out who the company is.. What it does.. and where it wants to move.
SWOT Analysis: 
Chart used to compile & organizecompany's Strength, weakness, opportunities &threats.
Strategic Controls: 
Process of assessing progressof strategic goals & taking corrective actions.

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