This article throws light upon the four main forces that affect organisational goals. The forces are: 1. Competition 2. Cooptation 3. Coalition 4. Bargaining. Force # 1. Competition: Organisations get resources (technological, financial, material, human) from the environment. As resources are limited, they compete for the scarce resources. Maximum share of resources is gained by organisations whose goals are acceptable [...]
After reading this article you will learn about the classification of plans. Class # 1. Classification on the Basis of Levels in the Organisation: Similar to objectives, plans are made for different organisational levels. Plans classified on this basis are discussed below: 1. Strategic Plans: Strategic plans are made to achieve the overall organisational goals. They achieve strategic goals through [...]
This article throws light upon the eight main steps involved in the process of strategic planning. The steps are: 1. Objective Formulation 2. Analyse the Impact of Environment 3. Analyse Resource Position of the Firm 4. Establish Alternative Strategies 5. Evaluate Alternative Strategies 6. Choice of a Strategy 7. Implement the Strategy 8. Measurement and Control of Strategy. Step # [...]