Mistakes to Avoid in Strategic Planning ((Strategic Planning and Management))

 

Mistakes to Avoid in Strategic Planning

There may be a number of reasons why organizations fail to reap the benefits of strategic planning and management:

Taking shortcuts. Effective strategy requires extensive research, detailed analysis, and honest evaluation of the organization and its competitive situation. Poorly researched, vague, or overly ambitious strategies are usually not successful and make a poor argument for strategy.

Little follow-through. Often, strategic planning is a pro forma exercise that produces a plan that is placed in a desk drawer. This perception may be due to the early association of strategies with annual budgets, among other reasons. Strategic plans should lead to decisions. Because these decisions are risky, require complex execution, or are in conflict with the current organizational culture, leaders may be reluctant to translate intent into action. Strategy requires leadership and good decision makers.

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Critical Success Factors for Strategic Planning and Management Strategic Planning and Management)

Organizations that are successful at strategy have mastered certain skills. All of these critical success factors relate directly to the required competencies and responsibilities of HR.

• Alignment of effort. Strategic alignment is necessary to maintain organizational focus on a defined mission and goals. As the strategy is progressively elaborated at other levels within the organization-in business divisions and/or functional areas each unit must examine its plan against the organization's. Will HR's activities help move the organization toward its goal? Are HR activities attentive to the logic behind the original plan and the value of the original goal?

HR Strategy (Strategic Planning and Management)

 

HR Strategy (Strategic Planning and Management)

Strategy must be developed with awareness of an organization's stakeholders and their unique perceptions of the value the organization delivers and of the organization's context the marketplace forces that affect strategic choices. To know more click here.

Strategic Planning

Strategic planning is the process of setting goals and designing a path toward a competitive position. The strategic plan helps create alignment of efforts and provides a layer of control.

Strategic Management

Strategic management includes the actions that leaders take to move their organizations toward the goals set in strategic planning and to create value for all stakeholders.

Organization Strategy (Strategic Planning and Management)

 

Strategic Planning and Management

All successful organizations-public and private entities, for-profit and not-for-profit-generate value for their stakeholders. They are effective at understanding their stakeholders' needs, their environments, and their resources and how these elements may change over time. Their leaders use strategic planning and management to set long-range goals and align organizational resources and actions to achieve those goals.

Strategy

A strategy is essentially a plan of action for accomplishing an organization's long-range goals to create value. The strategy details separate activities (tactics or initiatives) that must be coordinated over time. The strategy must look both inward, toward the strengths and vulnerabilities of the organization, and outward, toward possible external influences, opportunities, and obstacles. Growth is not a strategy but the result of a successfully designed and implemented strategy.