Strategic planning Free Essay Sample
Strategic planning is insulation against factors causing shift of corporate environment demographics which cause corporate storms. These could be disastrous implications with very profound repercussions leading corporate crisis. Strategic plans eases the magnitude of impeding business storms through implementation of the strategies planned to be in place during such a corporate situation. David James: The Corporate ventures: Goldman Publishing. 34 SWE.
PO BOX 21521-00505 NAIROBI 2003Strategic planning creates avenues for running micro corporate policies in the governance criteria set in the work place so as to have a comprehensive overview of the client based perception about the company and the staff based views on both the company performance as an entity and their performance as well in the entity. Distribution of authority through the management structures in the corporate body of the workplace regulate excesses of planning and minimises level of executives nonesuch prowess so as to have equal and performance oriented perspectives and little pessimistic ideologies adopted from comprehension of analytical corporate strategic planning angles in management.Strategic planning as a problemStrategic planning is a hassle when adjusting to the criteria in place for the company so as to achieve the objectives of the strategic plans. Besides being a group based ideology and it’s a corporate order. Each of the team player has to be a leader who has an equivalent role of contributing to the success of the strategic plan in place.
SWOT analysis and policy analysis in situations can be the onset of strategic planning and at the same time offset profound problems in management. Adapting to the strategic plans and work conditions that have been put in place by the company, is a very difficult phase for the executives and is the onset of job loss due to incompetenceIn regard to projections made by the strategic planning using the Bal-bridge criteria of self analysis, the criteria asserts the need of understanding leadership as the key to the basics of strategic planning. The problem in strategic planning is in each unit and phase of self analysis. The strength of the strategic plan determines the energy that has to be put by the executive. This is based on the fact that the planning is the integral part of the company future and could be focusing on the fiscal ability and projects that will be basically supporting the fiscal ability of the company in the future.The energies required might overwhelm the input the executives might be able to proffer and the leadership can be terribly hurricane like to the executives and force low performance and subsequent resignations and job loss.
This is one of the projections of strategic planning as a big corporate problemImportance of the strategic plan has a variably strong effect on performance and top level manager’s expectations on the executives laden with the responsibility. The pressure to implement and get results is much dynamic and demanding looking at time frame and market demographics and the executives might not be able to assimilate to environmental changes in the market and make the right corporate choices. The choices might affect the projected purpose and slant the results. The management will strongly come against this error in analysis and force the executive to lack the strengths to run the plan efficiently. This defers the gains made and reduces credence of the importance aspect of the work.
The importance of the plan is broad based and depends vastly on both external and the internal parties in the company. Most of the executives confuse strategic plans with business plans and marketing strategy, this is what slants the insights of strategic planning. This is one of the problems with strategic planning and is what leads to collapse of strategy.The person who is in charge of a strategic plan segment might be inefficient and not able to understand what exactly is required in the strategy. This breaks the insulation made for the plan and breaks the strategic plan into a useless plan. This is diversified and covers the need of competent analysis of human resourcefulness when giving certain individuals the authority to work on certain areas of the strategy.
External focus significantly applies pressure on results. Rapid results will fail to offset if the level of pressure applied by lack of insights on demographics is much than the situational analysis data that supports the external focus on strategy.The issue of implementation and how implement able the strategic plan is becomes a big impediment in strategic planning objectives. The implementation of a plan is problematic if it is not comprehensive and the aspects in context are not comprehensive to the executives. This forms the basis of down turns in implementations.
The other fact that projects strategic planning as a problem is how workable is the plan in the corporate scene of the company. The company executives will focus on the moral objectives of the plan but fails to know the essence of the plan.With preference to the Bal Bridge criteria the action taken is pivotal and projects the other inceptions alongside the planning. The planned action actually forms the management formula of a strategic plan and creates the open wave of developing other entrenchments of the plan.Finally the Bal Bridge criteria show that the time frame of implementation of strategic plans is an essential aspect of the planning and is the basic unit of the plan. It makes and gives choices of provisions to each arising need in the management of the plan.
Failure to identify with situational needs and corporate environment requirements is the biggest problem in the time when the plan is to be accomplished.Finally other projections on the problematic aspect of strategic planning are in the last unit of Bal Bridge criteria where who is responsible on the strategic plan is. This has been the cause of problems as those mentioned earlier which include lack of skill and insight on the objectives, aspects and purpose of the strategic planning.