Strategic Planning in an Organization:
Strategic planning is considered to be a very important part of management because with the help of the planning process, the manager can predict the problems of the organization in the future, and then they can analyze these problems and also evaluate the impact of these problems on the organization. The process of planning is continuous and happens at each and every level of management.
The plan is a mental activity. Strategic planning is not a simple process. This is an intellectual practice and involves thinking and thinking on behalf of the manager. The planning goal is oriented. Each plan specifies the goals to be achieved in the future and the steps necessary to reach them. Each manager has to select the objectives for his enterprise, department, section, unit or group. Based on the objectives, Managers have to set goals for a specific period and plans should be made to include the methods to reach the desired goals. In order to solve a problem, it is commonly understood as planning and choice among the most suitable options.
Some aspects of the nature of strategic planning are as follows:
Strategic planning as an intellectual process: Planning is a mental act that is related to thinking before doing it basically. It is an intellectual process and involves creative thinking and imagination. Wherever the scheme is planned, all activities are ordered according to the plans based on estimation. Keeping in mind the aims and objectives of any enterprise, goals, and goals based on planning facts and completing a course of action.
Also read | Objectives of planning
Its contribution to the objectives: Every major plan and its subsidiary plans contribute to the achievement of the enterprise’s objectives. This means that the plans should be effective. They have to give the necessary output. The organized enterprise is knowingly available for the achievement of the purpose of the group through cooperation which is the voluntary participation of the people in the enterprise to achieve the objectives and share the rewards.
Its primacy in the manager’s work: To fulfill the objective through the plans, organizational operations of staffing, rehabilitation, pioneering (implementation), and control are carried out. Therefore, prior to the execution of all other managerial tasks, systematically. The primary function of plan managers is.
It’s generality: All managers have to be appointed from the first line supervisor to the chief executive officer of a company. At the lower levels, we can call it operational planning and at a high level, we can call it strategic planning. The amount of time spent in planning can vary with level. The CEO can plan more time and take care of organizing and departmental major resource acquisitions, the dominant people of their departments and the performance of the department. But policymaking and governance policies can be differentiated. At a higher level, some managers may be more involved in policy formulation and some other managers are more involved in making decisions based on policy.
Also read | What is planning process?
The efficiency of plans: The effectiveness of a plan is achieved to the extent that it achieves the purpose or objectives. Contribution to the efficiency objectives of the scheme, replacing the costs and referring to other factors necessary to build and operate it. More simplified, if the sale is taken as an objective, the plan is contributed to the total sales revenue objective and the profit is the difference between the sales revenue and the total cost is the efficiency. A plan can increase the realization of an objective, say that you can get more sales but unnecessarily at a higher cost. Therefore, as a part of the plan, the efficiency of the scheme will be analyzed and improved. Industrial engineering discipline focuses primarily on the efficiency of engineering activities and plans, and it has been extended to managerial processes in other areas like business processes and industrial and commercial concerns. Industrial engineering was also adopted extensively by hospitals.
Strategic planning is done at every level of the organization: Thus, the organization is organized at every level. The employers work for example, for example. The product was launched at the national level. The first plans are prepared at the top level, such as at the top level, such as when to launch a product, who will be the celebrity, even then the duties should be handed over. Thus it happens at every level of the organization.
Also read | Types of plans
Strategic planning helps in decision making: When there are many options to get a job, then the plan becomes a necessity. A planner chooses the most suitable option. Therefore, it can be assumed that planning is a process of selecting the best and rejecting the inappropriate. Therefore, it has been seen that decision-making involves taking decisions.
For example, Mr. Anthony lives in a city where only the commerce stream is taught in schools. Her daughter has passed the matrix and wants to enroll in 10 + 1, which makes it clear that there is only one option for her, that is, Commerce.
He does not have to think about anything or make plans. On the other hand, if all the three arts, science and commerce schools were available, then it would definitely have to think about the topic of study and plan. This will be nothing but decision making in this case.