Strategic planning process assists organizations chart a course for accomplishing its goals and objectives. The process starts with reviewing the organization's current operations and identifying operational areas that warrant improvement in the upcoming year (Bryson, 2011). From here, planning entails envisioning the outcomes the organization desires to attain and identifying the steps appropriate for realizing the desired success. This paper offers a realistic understanding of the ethical, cultural and financial pros and limitations of implementing a strategic planning process.
From a financial perspective, the strategic planning process ensures an efficient use of resources (Ljoljic, Buchmeister, & Katalinic?, 2003). Regardless of their sizes or industry, organizations always encounter the problem of limited resources. The strategic planning process offers the information that leaders need to make effective decisions regarding resource allocation approaches that enable the organization to attain its objectives. This leads to maximum productivity and resources are not wasted on projects that have minimal chance of success. Strategic planning holds an organization accountable for respecting obligations in a spirit of fairness and honesty while sustaining economic viability and health.
The strategic planning process has some ethical benefits as well. The planning process further enhances the role of ethics and social...
Strategic Plan 0200 The Management. July, 2nd, 2013 Leading the Team Individual Evaluation: The requirements for leadership role include understanding of the inner self as well as the needs of others. The Emotional Intelligence Theory is presented as an evidence for the notion that leaders require to maintain efficient emotional self-awareness, accurate self-awareness, and self-confidence in order to gain self-awareness, The second domain of the theory is with respect to the competencies of self-control, transparency,
Leadership-Level Implementation of Strategic Plan Good leadership is a key aspect of project management. Leading a project requires working with the manager and other staff drawn from the project's functional areas. It is not accurate to say that a leader only influences the subordinates under him. Responsibilities of a leader can go either vertically or horizontally. An effective leader will not only lead the subordinates under him or her, but also
Strategic Plan With any shift in strategy, there are barriers that need to be overcome. There are a number of potential sources of change resistance and business literature has studied these for a long time. These can be poor communication of the strategy, self-interest, feelings of exclusion, lack of trust in leadership, and a lack of skills or training to implement the changes (Brookins, 2013). Within the organization, it is the
Strategic Plan for Non-Profit: Human Rights Campaign (hrc) The Organization The Human Rights Campaign (HRC) describes itself as the civil rights movement that is largest of all and that is striving to realize equality for individuals who are gay, lesbian, bisexual and transgender Americans. The Human Rights Campaign was founded in 1980 and is reported to act as advocate for LGBT Americans through mobilization of actions in local communities and through strategic
Strategic Plan, Part II, SWOT Analysis The research will provide an insight about the internal and external environment of the business. The major elements of external business environment including the political, economic, social, technological, environmental are addressed below. The internal environment of an organization is also relevant and requires consideration. Therefore strategy, resources, organizational structure, organizational culture, leadership, and processes of internal environment are also discussed. The SWOT analysis along with
Strategic Plan & Analysis of New Commercial Endeavor Planning Mission statement Louisville Community Development Bank was set up in the year 1997 as a consequence of a scheme by Louisville mayor Jerry Abramson and a team of business, community and religious leaders to ensure betterment of the Louisville inner city. The Bank's mission is to inspire economic growth with the West End and the Smoke town, Shelby Park and Phoenix Hill localities of
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