After reading this article you will learn about:- 1. Introduction to Strategic Planning and Management 2. Definition and Importance of Strategy 3. Meaning of Strategic Planning 4. Focus of Strategic Planning 5. Strategy Formulation 6. Levels of Strategy 7. Strategy Implementation 8. Steps in the Strategic Planning Process 9. Strategic Management. Contents: Introduction to Strategic Planning and Management Definition and [...]
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 [...]