Importance of Having a Strategic Plan with in an Organisation

strategic plan * IMPORTANCE OF HAVING A STRATEGIC aim WITH IN AN ORGANISATION. * DIFFERENT STAGES IN THE DEVELOPMENT OF A STRATEGIC PLAN FOR A COMPANY. * IMPORTANCE OF SWOT ANLYSIS IN ORGANISATIONAL AUDIT act upon WITH AN EXAMPLE TO PERFORM SWOT ANALYSIS. * IMPORTANCE OF PORTERS intentness STRUCTURAL ANALYSIS MODEL AND ITS ASSISTANCE TO DETERMINE perseverance ATTRACTIVENESSS WITH AN APPROPRIATE EXAMPLE. IMPORTANCE OF HAVING A STRATEGIC PLAN WITH IN AN ORGANISATION Strategic planning is a process in which an establishment defines its strategy and makes decisions on allocating its resources so that it fuck pursue the obdurate strategy. Strategic planning is fundamentally a decision making process, based on asking simple questions, analyzing the desired look-alike of answers, and choosing among the available options:             What we do?                        Where be we going?             Where are we at once?                   How leave we get there?             How did we get here?                When will we get there?             Why are we in this melodic line?            What will it cost? Various business epitome techniques that can be used in strategic planning are: 1.

SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats ) 2. PEST analysis (Political, Economic, Social, and Technological) 3. STEER analysis (Socio-cultural, Technological, Economic, Ecological, and Regulatory factors) 4. EPISTEL (Environment, Political, Informatic, Social, Technological, Economic and Legal) It is viewed as a process for find out where an organization is going over the next year or within the next 3 to 5 years (long term) or more longer term than this that is 20 years vision. The fundamental law needs to know where it stands, where it will reach in the end and what will be its condition at that time. That is called the Strategic intention which is a final byproduct of all the strategic decisions interpreted by the organization.... If you want to get a full essay, enact it on our website: Orderessay

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