Today, the extent to which a company's processes and it systems are integrated is the extent to which their strategic plans can be attained and the focus on long-range goals can be kept consistent (Hassan, 2010). This integration of systems is now critical for businesses to attain the level of process, department and division synchronization necessary to attain their strategic plans. From the context of tight coordination within a company to attain strategic goals and objectives, it planning and strategic planning continue to converge.
Another factor that illustrates how the general principles and strategies of strategic planning apply to it planning is from the customer orientation mindset. The focus on who exactly the customer is for a given series of it systems must always stay in focus for the projects and programs to stay on track and meet or exceed expectations, and deliver value. The same holds true with the strategic plans of businesses and their focus on delivering value and return on shareholder investment over time (Hassan, 2010). This common focus on the customer is essential for both to stay on track and gain support internally, and attain their specific goals.
Where it planning and strategic planning diverge however is in the area of technology emphasis. Increasingly this is becoming the only area of divergence. It planning will continue to focus on how to take technology and modify it to support legacy systems and applications...
General Electric (Collis, Montgomery, 2008) pioneered the development of this framework, working in conjunction with the Boston Consulting Group to tailor its specific market sizing and profitability measures to the conglomerate of businesses that comprised GE at the time. One of the key assumptions of the BCG Growth/Share Matrix is that there must be continual monitoring of the market, specifically competitors and relative market share growth over time. Only
Additional reasons include tracking key authors who contribute to the journals and magazines on the site as well. The content is constantly changing and of high quality. What information was expected to be found and was not there it would be expected to find more analytical frameworks and constructs specifically focusing on how to apply the strategic planning concepts discussed. One would expect to find for example an analysis of Dr.
Strategic Planning for Public and Nonprofit Organizations This study suggests that the achievements of Apple are embedded in Porter's Five Forces model and the recently adopted the resource-based view model. This strategy specializes in creating positive performance relating to the accomplishment of outstanding achievements beyond the objectives set by stakeholders and external experts. The support beams of Bob Mansfield' technique is built on the reliance on the abilities, capitalizing on possibilities,
Strategic Planning for Companies Strategic Planning for Cincom Systems Creating transformational change in companies by automating their most challenging processes, strategies and systems is what Cincom Systems excels at today. The company has five different product divisions, each selling enterprise software into various segments of the Customer Relationship Management (CRM) marketplace. Privately held with 700 employees employed across five continents, Cincom is also profitable and has had many customers on maintenance contracts
All of the above represents the first part of strategic planning. You must know where you are now before you can determine where you should be going. The next step is to analyze the alternatives. It is important to remember that the current list of alternatives is not the sum total of options available. The company should be as creative as possible in the alternative-generating process. The external analysis should
" Of these respondents, over 50% of them stated that they lack a disaster recovery plan (Anthes, 1998). However, most of the problems stem from the lack of communication at the corporate level. (Hawkins, et al., 2000). Business Continuity Plans (BCP) and other forms of strategic planning are no longer a luxury, but a must-have factor and an important element of any organisation's risk management system. Organisations are increasingly dependent upon
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