Strategic planning in organizations – Phases for successful implementation.
This is an essay explaining the Strategic planning in organizations and what are the phases for a successful implementation in the organization.
Strategic planning in organizations – Phases for successful implementation
Firstly, critically evaluate the strategic aims and objectives of your organisation. You may wish to consider qualitative and or quantitative testing, or alignment Congruence modelling. Then, evaluate the theoretical underpinning approaches adopting towards evolving strategic plans and planning activities. Also, answer these two questions:
- Determine an option, by an established strategic options model of your choice with due reference. You may wish to assess the value of that model, with its ‘fitness for purpose.’
- Critically evaluate the impact of stakeholders within strategic plan and its planning horizon. Consider the deployment of a suitable stakeholder concept; also, stakeholder mapping that has a strategic focus embedded in the mapping.
Secondly, critically identify and evaluate possible strategic directions that you may take to meet strategic aims and merge with the organisations stated missions. The evaluation may take into account macro and micro environmental constraints as appropriate for your purposes. Also, the prevailing market conditions and competitor actions and perceived counter actions.
- Determine and assess the feasibility of the options to meet and maximise on efficiency and effectiveness requirements. Keeping the planning horizon in focus, for your inclusions.
- Determine the preferred strategic direction and conduct a risk assessment on the chosen strategies clearly addressing identified problems and constraints.
Thirdly, explore the internal organisational factors, risk, culture, change activities, structure, nature of the business, and factors of future business intentions. Also, external factors as deemed appropriate to meet your needs.
- Planning review, control and monitoring is an essential feature of strategic planning activities. Consider the time lines, activities, possible budgetary factors, and key scheduled activities. Then, determine how these mile stone events will be help under close monitoring, control, justifying the quality and suitability of the review mechanisms to be used throughout the implementation cycle.
- Conduct an impact / risk analysis on the effects of the strategic activity endeavours on the organisations stated strategic objectives. You may if you wish keep in focus the full hierarchy of corporate objectives, where value can be derived for your purposes.