STRATEGIC PLANNING AND MANAGEMENT

Strategic Planning and Management

Strategic Planning and Management

Strategic Management and Planning

Strategic planning is a process by which an organization makes decisions and takes actions that affect it s long-run performance. Strategic planning also focuses on enhancing the competitive position and overall performance of the organization in the long term. (Brousseau 2006, 110)

Strategic Plan Would Be Important To the Success of Business

The purpose of strategic planning is to move the organization from where it is to where it wants to be and, in the process to develop and maintain a competitive advantages within the industries in which it competes. It is about documenting the choice has already been done. A good example of strategic management company is Dell, they have revised their strategies to maximize their profits and satisfy the needs of its customers. The strategy that they used to provide computers, customized to meet individual needs, as well as computers delivered fast and very reasonable prices. Dell was able to create a highly successful strategy to attract customers and increase their profits as well. (Gardner 2006, 36)

Four Functions of Management

Planning

Planning within an organization by management would seem like it would be the most self-explanatory thing out of the four functions. Most of the time when a manager enters into his new position a plan is already in place. All he or she would have to do is take a look at performance and see if the current plan needs any attention. (Gibbls 2006, 34)

Organizing

Organizing would probably be one of a leader's biggest responsibilities within his department. This will be one of the most critical functions to determine if they will make it as a leader or not. When a person is in a position such as a manager, people expect his team or department to do just as ...