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Script
Script
After discussing Operational Planning Level let us proceed to the Strategic planning level which
it is a plan that formed at the operating level.
So, what is operating level?
Strategic planning is an organizational management activity that is used to set priorities,
focus energy and resources, strengthen operations, ensure that employees and other
stakeholders are working toward common goals, establish agreement around intended
outcomes/results, and assess and adjust the organization’s direction in response to a
changing environment. In simple words, strategic planning is turning a strategy into a
plan.
The development and execution of strategic planning are typically viewed as consisting of
being performed in three critical steps which are:
1. Strategy Formulation – it is the way in which you take your business and the best
practices of that industry, see what has worked in the past, and decide how to proceed.
2. Strategy Implementation – Strategy implementation is the process of turning the
formulated strategy into a series of concrete actions. It involves a lot of work and
coordination. Implementation requires resources, time, and effort to make sure that the
plan is being executed effectively.
3. Strategy Evaluation – is determining the effectiveness of a given strategy in achieving the
established objectives and then developing a plan to take corrective action to improve the
probability of attaining the objectives.
Among the primary benefits derived from strategic planning are the following:
Helps formulate better strategies using a logical, systematic approach – It will the
overall company performance to make a better strategy and as a result the company will
achieve their goals and objectives.
Enhanced communication between employers and employees – We all know that if
there is a communication with the employers and employees the working process is
smooth and it will avoid misunderstanding and because of the strategic planning the
communication will enhanced to have a better communication.
Empowers individuals working in the organization – This will benefit every
individual in the company because they an authority to do something that will help the
company’s success long-term.