Strategic Planning and Management Development
Throughout the business industry the people who are most associated with the business process has found strategic planning and management development "requires constant shifting back and forth between long-run and short-run thinking" (Dess and Miller, 5). Planning is a business process that involves one or more people (depending on the type business) whom decide where the business's objectives lie and how to initially accomplish them over a period of time. Strategic management development is a business process that also involves one or more people (again depending on the type of business). This particular process essentially allows the "application of the basic planning process at the highest levels of the organization" (Rue and Byars, 100). In applying strategic management development, the long-run direction of a business can be established, because developing strategy helps outline the management process.
"Planning enables a manager or an organization to actively affect rather than passively accept the future" (Rue and Byars, 95). A business with a direct sense of direction essentially commits to "making it happen," in turn making the business more capable of having an impact throughout the business industry during its future. It is extremely important for a business to have a direct sense of direction, because without it it "is much more likely to sit back, let things happen, and then react to those happenings in a crisis mode" (Rue and Byars, 95). A business that is consistently strategically planning will not sit back, let things happen, and then react to those happening in a crisis mode. This is because most businesses view their business's strategic planning process to be successful not as a single plan, but as a system consisting of management plans and decisions (Vaghefi and Huellmantel, 10) that constantly stays active.
One has to realize too formal planning is the first step into developing... [continues]
Throughout the business industry the people who are most associated with the business process has found strategic planning and management development "requires constant shifting back and forth between long-run and short-run thinking" (Dess and Miller, 5). Planning is a business process that involves one or more people (depending on the type business) whom decide where the business's objectives lie and how to initially accomplish them over a period of time. Strategic management development is a business process that also involves one or more people (again depending on the type of business). This particular process essentially allows the "application of the basic planning process at the highest levels of the organization" (Rue and Byars, 100). In applying strategic management development, the long-run direction of a business can be established, because developing strategy helps outline the management process.
"Planning enables a manager or an organization to actively affect rather than passively accept the future" (Rue and Byars, 95). A business with a direct sense of direction essentially commits to "making it happen," in turn making the business more capable of having an impact throughout the business industry during its future. It is extremely important for a business to have a direct sense of direction, because without it it "is much more likely to sit back, let things happen, and then react to those happenings in a crisis mode" (Rue and Byars, 95). A business that is consistently strategically planning will not sit back, let things happen, and then react to those happening in a crisis mode. This is because most businesses view their business's strategic planning process to be successful not as a single plan, but as a system consisting of management plans and decisions (Vaghefi and Huellmantel, 10) that constantly stays active.
One has to realize too formal planning is the first step into developing... [continues]
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(2006, 09). Strategic Management and Planning. StudyMode.com. Retrieved 09, 2006, from http://www.studymode.com/essays/Strategic-Management-Planning-94343.html
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