Question

Provide a definition of strategic planning and at least three areas it can affect in an organization. What should the cycle of discovery address in the strategic planning process for managers? When is the organization’s strategic mind-set appropriate? Which strategy aims to deliver low cost and differentiation?

Answer 1

POINT FOR STRATEGIC PLANNING:

1..Strategic planning is a making proper planning and strategy and implementing it in a such manner so that organisation can give sustainable growth.

2..it can affect in area of sales, marketing, and new market entry.

3..the managers have to make annual goal for the companies growth.

4..they have to revise  policies to meet the goal and after that allocating resources to strategically important area in company's growth.

5..if he requires he can take meeting with superior and if required, he can change the organisation structure.

6..if company want low cost strategy then they have to overhaul their entire supply chain process from procuring raw material for manufacturing goods to making final product and delivery it to customer. they have to see each and every aspect of product whether it is quality,price and delivery,service.everything they have to look it.

7..they have to make good use of ERP systems which will control and implement overall strategy of whole organisation whether it is HR,FINANCE,PROCUREMENT,SCM,LOGISTIC,WAREHOUSE,SALES everything.