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    Hoàng Anh
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    Strategic planning is the process of setting goals and designing a path toward a competitive position, while strategic management involves the actions leaders take to move the organization toward strategic planning goals and create value. There are different levels of strategy, from organizational strategy which sets long-term vision and goals, to business unit strategies focusing efforts in specific areas, and operational strategies which translate higher-level strategies into actions. Common mistakes include insufficient commitment and involvement from management, taking shortcuts, and overreliance on past approaches instead of adapting to changes.

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    Shrm

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    Strategic planning is the process of setting goals and designing a path toward a competitive position, while strategic management involves the actions leaders take to move the organization toward strategic planning goals and create value. There are different levels of strategy, from organizational strategy which sets long-term vision and goals, to business unit strategies focusing efforts in specific areas, and operational strategies which translate higher-level strategies into actions. Common mistakes include insufficient commitment and involvement from management, taking shortcuts, and overreliance on past approaches instead of adapting to changes.

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    6 views2 pages

    SHRM

    Uploaded by

    Hoàng Anh
    Strategic planning is the process of setting goals and designing a path toward a competitive position, while strategic management involves the actions leaders take to move the organization toward strategic planning goals and create value. There are different levels of strategy, from organizational strategy which sets long-term vision and goals, to business unit strategies focusing efforts in specific areas, and operational strategies which translate higher-level strategies into actions. Common mistakes include insufficient commitment and involvement from management, taking shortcuts, and overreliance on past approaches instead of adapting to changes.

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    © All Rights Reserved
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    STRATEGY PLANNING AND MANAGEMENT

    Definitions Success Factors


    Strategy Alignment of effort examine the organization’s strategy.
    Organizational strategy

    Vision & long-term goals


    A plan of action for fails to recognize and respond to
    accomplishing an Levels Business unit strategies Control of drift changes in org’s environment
    organization’s How & where to focus unique advantages to create
    long-range goals to Focus on core customer value and be difficult for
    Operational strategy
    create value competencies competitors to imitate
    Translated org & buz’s strategy into actions
    6 common mistakes
    Strategic planning
    Insufficient commitment
    A process of setting goals and designing a path toward a Taking shortcuts
    from management.
    competitive position.
    Insufficient involvement of
    Little follow-through.
    Strategic management the rest of the organization.

    the actions that leaders take to move their org toward the Overreliance on the
    goals set in strategic planning & create value for all Inadequate communication.
    comfortable and familiar.
    stakeholders.
    STRATEGY FORMULATION
    Definitions Success Factors
    Strategy Alignment of effort examine the organization’s strategy.
    Organizational strategy

    Vision & long-term goals


    A plan of action for fails to recognize and respond to
    accomplishing an Levels Business unit strategies Control of drift changes in org’s environment
    organization’s How & where to focus unique advantages to create
    long-range goals to Focus on core customer value and be difficult for
    Operational strategy
    create value competencies competitors to imitate
    Translated org & buz’s strategy into actions
    6 common mistakes
    Strategic planning
    Insufficient commitment
    A process of setting goals and designing a path toward a Taking shortcuts
    from management.
    competitive position.
    Insufficient involvement of
    Little follow-through.
    Strategic management the rest of the organization.

    the actions that leaders take to move their org toward the Overreliance on the
    goals set in strategic planning & create value for all Inadequate communication.
    comfortable and familiar.
    stakeholders.

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