Business Strategy Plans

Business Strategy Plans-5
Strategic planning should also be done in preparation for a new major venture, for example, developing a new department, division, major new product or line of products, etc. Strategic planning should also be conducted at least once a year in order to be ready for the coming fiscal year (the financial management of an organization is usually based on a year-to-year, or fiscal year, basis).In this case, strategic planning should be conducted in time to identify the organizational goals to be achieved at least over the coming fiscal year, resources needed to achieve those goals, and funded needed to obtain the resources.On the other hand, large nonprofits and large for-profits tend to conduct somewhat similar planning activities that are different from those conducted in small organizations.

Strategic planning should also be done in preparation for a new major venture, for example, developing a new department, division, major new product or line of products, etc. Strategic planning should also be conducted at least once a year in order to be ready for the coming fiscal year (the financial management of an organization is usually based on a year-to-year, or fiscal year, basis).In this case, strategic planning should be conducted in time to identify the organizational goals to be achieved at least over the coming fiscal year, resources needed to achieve those goals, and funded needed to obtain the resources.On the other hand, large nonprofits and large for-profits tend to conduct somewhat similar planning activities that are different from those conducted in small organizations.

Nonprofits tend to focus more on matters of board development, fundraising and volunteer management.

For-profits tend to focus more on activities to maximize profit.) Therefore, the reader is encouraged to review a variety of the materials linked from this page, whether he or she is from a nonprofit or for-profit organization. Also consider Strategic Planning in Tough Times -- It's Not Discretionary at All The scheduling for the strategic planning process depends on the nature and needs of the organization and the its immediate external environment.

The Organic Model of Strategic Planning Scenario Planning: A Prudent Activity for Any Organization Strategic Intuition The Drivers Model: The Secret to Facilitating Strategy Anatomy of the Drivers Model NOTE: Much of the following information is in regard to goals-based strategic planning, probably the most common form of strategic planning.

However, issues-based planning is also a very popular approach to strategic planning -- an approach still too-often forgotten.

For example, there are a variety of strategic planning models, including goals-based, issues-based, organic, scenario (some would assert that scenario planning is more of a technique than model), etc.

1) Goals-based planning is probably the most common and starts with focus on the organization's mission (and vision and/or values), goals to work toward the mission, strategies to achieve the goals, and action planning (who will do what and by when).

2) Issues-based strategic planning often starts by examining issues facing the organization, strategies to address those issues and action plans.

3) Organic strategic planning might start by articulating the organization's vision and values, and then action plans to achieve the vision while adhering to those values.

These funds are included in budget planning for the coming fiscal year.

However, not all phases of strategic planning need be fully completed each year. Note that, during implementation of the plan, the progress of the implementation should be reviewed at least on a quarterly basis by the board.

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