The document discusses strategic planning in organizations. It provides definitions of strategic planning, objectives of strategic planning such as allocating resources to provide competitive advantage. It outlines the environmental analysis and SWOT analysis conducted in strategic planning. It emphasizes the importance of aligning strategic plans across different levels in an organization from the overall organizational level down to individual job descriptions and performance goals. It also discusses how the HR function can contribute to strategic planning and ensuring alignment across levels.
Impact of improper objective on organizational performance
1. Herman Aguinis, University of Colorado at Denver
IMPACT OF IMPROPER
OBJECTIVE ON
ORGANIZATIONAL
PERFORMANCE
Prof. Preeti Bhaskar
Symbiosis Centre for Management Studies, NOIDA
5. Herman Aguinis, University of Colorado at Denver
Therewas agoodstrategic
planninginmost of the
organization, but thereis no
clearrelationshipbetween
Organizational Level and
individual level goals.There is a need to link the strategic planning with
individual goals
6. Herman Aguinis, University of Colorado at Denver
Alignment of Strategic Plan with
Performance
Critical to involve all
levels of management
Critical to involve all
unit head &
department head
7. Herman Aguinis, University of Colorado at Denver
Resent study including 338
organization in 42 countries
found performance
management is the 3rd
most
important factor affecting
success of a strategic plan.
8. Herman Aguinis, University of Colorado at Denver
Linking among organization ,
Unit strategic Plan , Job
Description and individual and
Team
BANK OF UTAH
Washington, United States
9. Herman Aguinis, University of Colorado at Denver
Mission statement:
The mission of the corporation is to operate as a
High performing financial institution providing a
wide range of profitable Competitive and superior
financial services in our market
Goals:
To attract and retain an outstanding staff who are
highly motivated and productive and who vigorously
pursue revenue – generating and Costs-reduction
strategies
Strategy:
Critically reviews out existing branches and
departments to Ensure that all branches are
consistent in their goals, strategies, And profit
objectives.
10. Herman Aguinis, University of Colorado at Denver
Mission
(Department Level):
Increase the Knowledge,
management skills and Decision-
making abilities of our branches
Managers so that we will minimize
losses and other operating
expenses. While maximizing the
profitability of our branching
systems.
11. Herman Aguinis, University of Colorado at Denver
Position Description
for HR Manager
Administers A comprehensive
human resources program in the
division to ensure the expertise,
effectiveness, motivation, and
depth
( including providing appropriate
management succession) to the
division’s staff members.
12. Herman Aguinis, University of Colorado at Denver
Individual
Performance:
Information on various
responsibilities, standards
expected, goals to be reached, and
actions to be taken to improve
performance in the future..