After reading this article you will learn about:- 1. Corporate Strategy 2. The Planning Process 3. Nature of Organisational Goals 4. Managing Multiple Goals. Corporate Strategy: Organisations Round the world have been experimenting with different ways to organise the way they do business. These organisations are some of the most influential and publicised in the world, and their actions will [...]
This article throws light upon the four key benefits of strategic planning process in an organisation. The benefits are: 1. Reaction to Environment 2. Defining Company Mission 3. Formulation of Long Range Objectives 4. The Specification of Programme Policies and Strategies. Benefit # 1. Reaction to Environment: The strategic planning process is invaluable to a company because it forces top [...]
This article throws light upon the top five steps involved in the process of planning in an organisation. The steps are: 1. Establishing Goals (or Setting Objectives) 2. Determining where the Organisation or Subunit Stands Relative to the Goal 3. Developing Planning Premises 4. Choosing from Alternatives 5. Developing Methods to Control the Operation of the Plan. Step # 1. [...]