Preview

Strategic Planning Process

Good Essays
Open Document
Open Document
2478 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Strategic Planning Process
Ideally, information professionals will be involved in the strategic planning process for the entire organization. The process is most straightforward if it is a top-down initiative, with detailed instructions provided to each business unit about how the strategic plan is to be completed so that there is consistency in the vision and objectives. Input from all business units should then fit into an umbrella plan developed by the executive team. In this scenario, information professionals will provide background information on what is happening in the industry and markets served by the organization and help formulate plans for providing timely, actionable information to the organization on an ongoing basis.

If a company does not have a formal
…show more content…
Performance indicators may be included for each goal. Goals are written statements that describe the direction or activity that will lead to improvement in organizational performance and business success. Goals are not necessarily quantitative. Objectives determine more specific, measurable, and achievable standards that define success or failure. Strategies are action steps. These are typically fleshed out in more detail, with allocation of financial and personnel resources, in the operating plan. Performance indicators are used to measure success of objectives highlighted. This structure is not set in stone and can be modified to reflect specific organizational environments. See the sample strategic plan in this unit for further …show more content…
It should describe the business need for retooling information center services and products to support global expansion and customer satisfaction efforts. It will highlight personnel strengths/weaknesses, initiatives and systems already in place that support emerging goals, and lessons learned since the launch of those initiatives. The most important part of the situational analysis is why and how you plan to refocus information center activities to better manage information at a global level and to improve collection and dissemination of customer information.

Sample Mission Statement

Information professionals will collaborate with other departments, using their expertise in the areas of information evaluation and selection, contract negotiation and content delivery to promote corporate objectives by:

Ø Providing desktop access to a core set of premium information resources for employees located around the world
Ø Improving portal information on country-specific economic and business conditions and general information on global markets
Ø Collecting more in-depth information on key

You May Also Find These Documents Helpful

  • Powerful Essays

    Strategic Plan Analysis

    • 1328 Words
    • 5 Pages

    Quicken Loans Has developed a systems of beliefs called ISMs; these ISMs are practiced by all employees in the process to provide the highest quality of service to all customers. Quicken Loans uses autocratic and paternalistic management styles to increase efficiency and effectiveness within the organization. Quicken Loans takes pride in providing high quality services to all customers by focusing on Total Quality Management. Without TQM Quicken Loans would not have the exceptional reputation like they do at this point.…

    • 1328 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Many books and articles describe how best to do strategic planning, and many go to much greater lengths than this planning response sheet, but our purpose here is to present the fundamental steps that must be taken in the strategic planning process. Below is a brief description of the five steps in the process. These steps are a recommendation, but not the only recipe for creating a strategic plan; other sources may recommend entirely different steps or variations of these steps. However, the steps outlined below describe the basic work that needs to be done and the typical products of the process. Thoughtful and creative planners will add spice to the mix or elegance to the presentation in order to develop a strategic plan that best suits their organization!…

    • 4051 Words
    • 116 Pages
    Powerful Essays
  • Good Essays

    This essay will analyse the roles and involvement of senior management in determining and executing strategic information system in a global organisation. This will explain how organisation can beat the threat when competing in a global market and what strategy they needs to follow that will enable their business to stand out among other competitive market.…

    • 905 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    MGT wk 1

    • 510 Words
    • 3 Pages

    Goal setting is an essential part of the strategic plan. With goal setting it helps clarify the vision of the company. When setting goals the management team needs to define both short and long term objectives. During this process your goals should be detailed, realistic and match the values of the company’s vision. Once the management team has these objectives it then needs to come up with a process to accomplish these objectives. It is hard for one person to oversee all the objectives that a company might have to ensure success, but if the management team can divide the tasks at hand between departments giving each person a key role the objectives can be achieved.…

    • 510 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Business: Strategic Planning

    • 3152 Words
    • 13 Pages

    Diversity is a core value throughout every area of our company. It 's integral to how we select our merchandise, design our stores, build our team and welcome our guests.…

    • 3152 Words
    • 13 Pages
    Good Essays
  • Powerful Essays

    Bim Analysis

    • 7246 Words
    • 29 Pages

    Holsapple C.W. and Luo, W (1996). “A framework for studying computer support of organizational infrastructure,” Information & Management, 31, pp. 13-24…

    • 7246 Words
    • 29 Pages
    Powerful Essays
  • Good Essays

    Strategic Planning

    • 645 Words
    • 3 Pages

    Assume that you are asked to complete a SWOT analysis for a fictional, large, physician cardiology practice. You are having a hard time fitting all of the characteristics into the SWOT analysis categories. After careful deliberation, you complete the analysis and submit it for review to the practice manager.…

    • 645 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    What is the role of each component of the strategic management process in determining overall enterprise performance?…

    • 276 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Strategic Planning

    • 422 Words
    • 2 Pages

    As you plan for the progress and success of your small business, traditional strategic planning can help you evaluate your resources as you set goals. While this process contributes essential information to your planning, you must also consider the capacities of your personnel. Humanistic management can help you consider the competitive advantages you get from the people who work for you.…

    • 422 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Strategic Planning

    • 431 Words
    • 2 Pages

    High debt levels have raised the chances of a global recession in the next three to five years to more than 60 percent, said Pimco, which manages the world's largest bond fund.…

    • 431 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Strategic Planning

    • 5287 Words
    • 22 Pages

    DEPARTMENT OF BUSINESS MANAGEMENT STRATEGIC PLANNING (MNG301-A) Module Overview: Topics 1-7 2013 Semester 2 1 Open Rubric Contents 1. Administrative matters 2. Course overview per topic 3. Interactive exercises 4.…

    • 5287 Words
    • 22 Pages
    Powerful Essays
  • Powerful Essays

    4. Zulkifli bin Mohd Sidi (2012) Strategic Information System Planning (Concepts & Issues in the New Millennium). [ONLINE] Available at: http://zulsidi.tripod.com/pdf/sisp.pdf. Part 1.2: 2. [Accessed 15th November 2012]…

    • 6259 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    Strategic Management Process

    • 1918 Words
    • 14 Pages

    B399 Management Policy and Strategy Tutorial 1 Kent Ip OUHK Course Overview Textbook: Strategic Management and Competitive Advantage – Concepts and Cases, 4th edition, Barney and Hesterly, Pearson Part 1 The tools of Strategic Analysis (Chapter 1 – 3) Part 2 Business Level Strategies (Chapter 4 & 5) Part 3 Corporate Strategies (Chapter 6 – 11) Chapter 1…

    • 1918 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    strategic management process

    • 5434 Words
    • 22 Pages

    SUMMARIZING THE CRUCIAL STEPS OF THE STRATEGIC MANAGEMENT PROCESS THROUGH THE EYES OF ROMANIAN MANAGERS of SMEs Zenovia Cristiana POP*, Anca BORZA* Abstract: The paper discusses the different characteristics of the strategic management process from the perspective of Romanian SMEs managers, drawing on their understanding of the alternative theoretical approaches available on this concept and the existent correlation with performance. By using a qualitative research we do not engage in a rigid form of causality offered by the quantitative research and consider all the possible available connections. In the first section, we explain the conceptual assertions on strategic management process and its stages that have shaped the strategic mentality of the managers and their capacity to implement them. In the second section, we focus on researching strategic management process practices from a theory perspective, based on a qualitative research.…

    • 5434 Words
    • 22 Pages
    Powerful Essays
  • Best Essays

    strategic management process

    • 3760 Words
    • 16 Pages

    complexity of the implementation of the strategy or the costs that it implies are not…

    • 3760 Words
    • 16 Pages
    Best Essays

Related Topics