strategic planning

519 views
421 views

Published on

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
519
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
20
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

strategic planning

  1. 1. What is strategy ? According to Alfred D. Chandler, ” Strategy is the determination of the basic long term goals and objectives of an enterprise and the adoption of the course of action and the allocation of resources necessary for carrying out these goal “.
  2. 2. Framework for operational planning  Clarity in direction of activities  To increase Organizational Effectiveness  Personal Satisfaction 
  3. 3. › Organizational Mission and Objectives › Environmental Analysis › Corporate Analysis › Identification of Alternatives › Choice of Strategy › Implementation
  4. 4. Institutionalization of Strategy  Setting Proper Organizational Climate  Developing Appropriate Operating Plans  Developing Appropriate Organization Structure  Periodic review of Strategy 
  5. 5. What is policy ? According to Heing Weihrich and Harold Koontz ,” Policies are general statements or understandings which guide or channel thinking in decision making “.
  6. 6. A policy provides guidelines to the members of the organization for deciding a course of action and thus restricts their freedom of action.  Policy limits an area within which a decision is to be made and assures that the decision will be consistent with and contributive to objectives.  Policies are generally expressed in qualitative, conditional or general way.  Policy formulation is a function of all managers in the organization. 
  7. 7. Policy   Strategy   Policy is made on the basis that it is a guideline to the thinking and action of those who make decisions. Policy provides guidelines for decisions it can be delegated downward in the organization Strategy is made on the basis of direction in which human and physical resources are deployed. Strategy cannot be delegated because its formulation may require last minute changes in the decision depending on the decisions.
  8. 8. Relationship to Organizational Objectives  Planned Formulation  Fair Amount of Clarity  Consistency  Balanced  Written  Communication 
  9. 9. Formulated Policy  Implied Policy  Imposed Policy  Appealed Policy 
  10. 10. What is planning premises ? According to Heinz Weihrich and Harold Koontz,” Planning premises are the anticipated environment in which plans are expected to operate. They include assumptions or forecasts of the future and known conditions that will affect the operation of plans “.
  11. 11. External Premises  Internal Premises  Tangible and Intangible Premises  Controllable and Uncontrollable Premises 
  12. 12. Selection of Premises  Collection of information  Premises for Contingency Planning  Communication of Planning Premises 

×