Strategic Planning In The Business World

 


Visitors: 461

Strategic planning is a method of planning events in a strategic manner in order to accomplish the goal at hand. This type of planning works by looking at the whole picture you then figure out how you are to get from one place to another. Probably the most important example of strategic planning is that which is done in the military. In this example, we could say that the strategy is to overtake an area while the tactical planning is how you will fight each battle. The strategy is the plan to get through the whole picture.

Now, take this to the leave of business strategic planning. Strategic planning can work in a number of ways in a business environment. For example, you may want to make a plan to get the business from one level to the next. Depending on what that is, you can make a plan that the business will follow to achieve the end results. Here are some ways in which this type of planning can be put into place.

  • Financial aspects such as profit, loss, increasing sales or lowering costs.

  • In human resources, you can devise a strategic plan to recruit new hires, to promote individuals, to staff a location quickly.

  • Also, you can use strategic planning in your business marketing plans. How you will market, where you will market, and how much you will spend in those areas are all determined through the strategic planning.

    Like any other thing in business, though, you also have to have back ups when it comes to your strategic plan not working. This will help you to find the right choices each time. Because you will have something in place to handle things when they go bad, you will feel more confident about your plans. Strategic planning is something that any company or business can use quite effectively.

    For more information please see http://www.strategic-planning-info.co.uk

  • (337)

    Article Source:


     
    Rate this Article: 
     
    Vision, Strategic Planning and the Discipline to ACT Will Grow Your Business
    Rated 4 / 5
    based on 5 votes
    ArticleSlash

    Related Articles:

    Strategic Planning - Reinvigorating Your Strategic Planning Process, Strategic ..

    by: Robert W Bradford (June 21, 2007) 
    (Business/Strategic Planning)

    Strategic Business Planning

    by: Jennifer Bailey (May 24, 2006) 
    (Business/Strategic Planning)

    Strategic Business Planning

    by: Sandro Azzopardi (September 14, 2006) 
    (Business)

    Strategic Planning – Planning for Success Using Your Strategic Roadmap

    by: Lee Lister (June 30, 2006) 
    (Business/Entrepreneurialism)

    Strategic Business Planning While You're Still Working

    by: Joshua Feinberg (July 14, 2006) 
    (Business/Strategic Planning)

    Strategic Planning Must Include a Strategic Action Plan Filled with WAY SMART ..

    by: Leanne Hoagland-Smith (February 10, 2007) 
    (Business)

    Strategic Planning For a Stock Secured Loan Business

    by: Daniel W. Stafford (July 22, 2008) 
    (Business/Strategic Planning)

    The Value of Core Values in Strategic Thinking and Business Planning

    by: Tom Lemanski (March 11, 2007) 
    (Business)

    Strategic Planning for a Small Business - Overcome the Challenges

    by: Helene Mazur (April 26, 2007) 
    (Business)

    Vision, Strategic Planning and the Discipline to ACT Will Grow Your Business

    by: Don Midgett (March 31, 2007) 
    (Self Improvement)