Contingency planning, then, allows a company to resume operations as soon as possible after a disaster or crisis. It ensures that the company has components in place that promotes its core health and resiliency. In contrast to the others, this type of planning focuses on possible realities rather than concrete factors or reactions to existing factors.
According to Kurtz, MacKenzie and Snow (2009, p. 51), marketing planning focuses on implementing strategic planning activities in terms of presenting the product to the customer in a way that would generate sales. Like tactical planning, this is also a short-range planning system that will necessarily change as the environment and result reveals its strengths and weaknesses. This component also includes the communication strategy the company implements to stimulate the maintenance and growth of its customer base. This is a longer-term goal than the marketing strategy that is focused upon promoting new products to new customers. Relationship building has the long-term goals of retaining existing customers for the benefit of possible future sales. This type of planning is therefore highly integrated with the strategic plan, as it functions as a focus upon long-term success that is based upon projected customer preferences.
Administrative planning, according to Wallace and Webber (2010, p. 116), might be said to be the practical component of strategic planning. It concerns the business continuity program in terms of description and documentation. In other words, administrative planning provides a single document that contains planning information such as initial program development, BIA, and risk assessment. Lon-term contingency planning and strategy are also included in the document. Administrative planning also has a more general focus than the other types of planning, in that it provides an all-encompassing vision of the planning process. It is both a long- and short-range glance of the company's planning strategies, from the strategic planning component, to the briefest of implementations and marketing. The administrative plan, then, contains highly detailed information of all the other types of plans...
Strategic Planning and Implementation Over the last several years, identity theft has become a major issue that a number of individuals are dealing with. This is because criminals are using various techniques to be able to gain access to a host of personal information including: bank accounts, credit card / social security numbers and the date of birth. Once this occurs, is when they can assume the identity of this person
Strategic Planning at the Chronicle Gazette The Declining Newspaper Readership The Strategic Planning The Reestablished Mission of the Chronicle Gazette The Human Resource Planning The Importance of Strategic Planning The Evaluation Criteria The Anticipated Needs of the Organization The Strategies of the Competitors Internal Assessment of the Chronicle Gazette Strengths Weaknesses External Assessment of the Chronicle Gazette Opportunity Threats Proposed Strategic Plans for the Chronicle Gazette The case study presents a detailed and structured analysis of how the preferences of the newspaper reader shifted from the
Lukacs, RN, asserts (Lukacs, 1984, p. 11). So, with those issues clearly on the table (as they are today in many hospitals), strategic planning in hospitals offers nursing directors a direct path to increased effectiveness, Lukacs explains. The way for nurses to get in on the strategic planning movement and increase their clout and effectiveness within the hospital structure, Lukacs explains, is to do the research necessary that matches
5. Strategic recommendation The strategic possibilities mentioned above are all important and have the ability to provide the financial institution with long-term stability. Nonetheless, since the company possesses limited financial resources at the time being, but also due to the complexity of the external and internal environments, not all four strategies can be developed. It is at this stage necessary to implement strictly those strategies which serve the immediate needs of
Strategic Planning The strategic planning process begins with setting the objectives of the organization, and the mission statement, vision and values can help to frame those objectives at a high level. As such, the mission, vision and values of the organization are often considered the foundation of the strategic plan, and a natural starting point. Mullane (2002) notes that when used properly, a mission statement can provide key guidance for managers
Strategic Planning Management Health Systems Two financial metrics that can be used to understand an organization's financial capabilities for strategic initiatives are the ROI metrics and ROA? The ROI metrics address two measures which are resource investments and financial returns (Bloom, 2010). ROI metrics contribute innovation management financial discipline and aid in protect and recognizing the worth of strategic initiatives, programs and the whole investment in modernization. Companies with extremely effective
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