This article throws light upon the four main forces that affect organisational goals. The forces are: 1. Competition 2. Cooptation 3. Coalition 4. Bargaining. Force # 1. Competition: Organisations get resources (technological, financial, material, human) from the environment. As resources are limited, they compete for the scarce resources. Maximum share of resources is gained by organisations whose goals are acceptable [...]
This article throws light upon the eight main steps involved in the process of strategic planning. The steps are: 1. Objective Formulation 2. Analyse the Impact of Environment 3. Analyse Resource Position of the Firm 4. Establish Alternative Strategies 5. Evaluate Alternative Strategies 6. Choice of a Strategy 7. Implement the Strategy 8. Measurement and Control of Strategy. Step # [...]
After reading this article you will learn about:- 1. Meaning of Strategic Planning 2. Features of Strategic Planning 3. Importance 4. Limitations. Meaning of Strategic Planning: Strategic planning means planning for making and implementing strategies to achieve organisational goals. It starts by asking oneself simple questions like : What are we doing, should we continue to do it or change [...]