Strategic management pdf lecture notes introduction and overview of strategic management. Within the departments and offices, it means aligning a division, section, unit or team to a higherlevel strategy. Strategic planning is a disciplined effort to produce fundamental decisions and actions that shape and guide what an organization is, what it does, and why it does it, with a focus on the future. Not a single event of checking progress against objectives using indicators and measures. Business u nit strategic planning process business m ission each business unit needs to define. Strategic planning tenstep guide the importance of planning planning is a critical component of good business and good management of business.
It includes reformulation of major goals, make major investment, going for new products, new technology, new market, innovative decisions and so on. Strategic planning and forecasting fundamentals abstract individuals and organizations have operated for hundreds of years by planning and forecasting in an intuitive manner. Practice the core planning tools struggle with figuring out what to do be prepared to participate in planning for your own firms be prepared to do the work to earn above average returns. Strategic planning strategic planning is more than ensuring your association will remain financially sound and be able to maintain its reservesits projecting where your association expects to be in five, ten, or fifteen yearsand how your association will get there. This paper will examine the research on this everimportant topic and suggest a process that will assist in the achievement of planning success. Strategic planning is the tool which clearly identify goals and objectives of an organization as well as it also assess the internal and external situation required to formulate and implement the strategy. They have some specific mission towards which all efforts are directed. Strategic planning strategic planning toolkit by janet shapiro email. Strategic managementunit i strategy and process 9conceptual framework for strategic management, the concept of strategy and thestrategy formation process stakeholders in business vision, mission and purpose business definition, objectives and goals corporate governance and socialresponsibilitycase study. Many typea personalities, who may be involved with the association at any level, will want to solve the communitys issues quickly and efficiently. It goes on to provide indepth guidance on the steps involved as outlined in the box below. In the present competitive era, one of the important objective of an organization to remain stable in the market.
Find materials for this course in the pages linked along the left. Strategic planning is not necessary in nonprofit organizations. National institute of technology calicut calicut 673 601, kerala, india. They were created from several research and academic references. Pdf this chapter on the strategic management and strategic planning.
We would like to show you a description here but the site wont allow us. Improvements in strategic planning practice are likely to come as it is. Th e practice has become widespread for many reasons, but the chief one is the evidence that strategic planning typically works, and often works extremely well. The chapter briefly defines strategic planning and outlines some benefits that can be gained from the process and its product. Strategic planning is the formal consideration of an organizations future course. Strategic planning is a process undertaken by an organization to develop a plan for achievement of its overall longterm organizational goals model. This chapter on the strategic management and strategic planning process provide an insight on the basic knowledge on what is strategy and strategic management. That is, a strategic plan is a road map to lead an organization from where it is now to where it would like to be in five or ten years. It provides an outline for you to plan, organize and conduct your conference, document and execute your plan, and to monitor and adjust your strategic plan, as needed. Mcpa strategic planning session notes june 45, 2017 page 1 assessment of mcpas mission and vision revised 2014 the group reaffirmed mcpas mission and vision with no suggested changes. Smaller teams within a departmentoffice or mission may not need to.
Define strategic management and its four key attributes define. In effect, mintzberg declared strategy did indeed have several meanings, all of which were useful. It was not until the 1950s that formal approaches became popular. Strategic management course notes strategic analysis lecture 2 chapter 1 business models vision, mission, values learning objectives. I got a call from an organization that was as they said desperate to finally do good strategic planning. Business unit strategic planning strategic management. Strategic planning introduction strategy is the action that allows realization of longterm vision and goals planning is a process that attempts to coordinate the deployment of resources over time planning horizon is a key differentiation between strategic, tactical, and operational. The instructions were to write down what was wrong with the company one thought per sticky note.
It is necessary to have a strategic plan for your chapter or. Sticky note strategic planning wild horse strategies. Sep 24, 2012 notes for mba strategic management unit i 1. Strategic planning is the cornerstone of every commoninterest community. A strategic plan is built on a thorough analysis of the organizations existing structure, governance. A definition of strategic planning strategic planning is a tool for organizing the present on the basis of the projections of the desired future. In addition, strategic planning does the following. Not every organization is ready for strategic planning.
Supply chain management national institute of technology. Planning helps assure that a business remains relevant and responsive to the needs of its customers, and contributes to stability and growth. Shares an organizations vision with a large internal and external audience. Business unit strategic planning free download as powerpoint presentation. A far toocommon approach to strategic planning the previous two times they did planning, the organization hired a facilitator and. Learners need to have a broad knowledge of the range of models that are available and make an assessment of the value of the models used in strategic marketing planning. An effective plan is always required to accomplish anything. National institute of technology calicut department of mechanical engineering 9 supply chain management objective maximise the overall value generated is the difference between what the final product is worth to the customer and the effort the supply chains expends in filling the request of the. Strategic procurement planning strategic approach 3 3. It includes diversifying, merging and acquiring businesses. Here is a compilation of notes on the principles of management. Individuals and organizations have operated for hundreds of years by planning and.
Spc 05 10 strategic planning is is not university of hawaii. But strategic planning is not the answer to all ills, as the experience below illustrates. Sticky note strategic planning by dan devries on may 14th, 2014 15 years ago i was sitting in a boardroom with a group of colleagues for a strategic planning session when we were each handed a pad of sticky notes and a pen. This is because, at the mba level, it is not sufficient to know about the subject it is necessary to be able to apply ideas in order to carry out strategic analysis of real problems. It covers planning to do strategic planning, covering the background issues that need to inform. Without strategic planning, the community will never know where it is goingmuch less know if it ever got there. Introduction there is no one internationally agreed upon definition of strategic planning so at their first meeting, strategic planning committee spc members sought to define the process for themselves by brainstorming what strategic planning is, and what it is not. Flowchart of the strategic procurement planning process 4 4. National institute of technology calicut department of mechanical engineering 10 supply chain planning under the given configuration decisions are made which has impact on a time frame of quarter to a year starts with a forecast the coming year or a comparable time frame planning decisions include which market will be supplied from which. Tutors can draw on the experiences of learners and use these as a basis for discussion.
Management information systems notes lecture 2 september 2005 these notes are for class use only. He indicated that strategy is a plan, a pattern, a position, a perspective and, in a footnote, he indi. The lecture notes section contains 17 lecture notes files corresponding to the. Strategic planning should not be confused with other planning processes such as business plan ning, program. Lecture notes logistics and supply chain management. Strategic planning edinburgh business school v using the course package it is widely accepted that strategic planning is extremely difficult to teach effectively. All references to guidance notes pertain to these notes. Remember that strategic planning is a dynamic process that continually takes into account new information from our environment and what god might be doing. Production management can be defined as the management of the conversion process, which converts land, labor, capital, and management inputs into desired outputs of goods and. Any use of these notes for making profit is not permitted. After addressing the overview of what planning is, the guidelines provide a framework to help an agency to develop its own strategic plan and to define performance measures that emphasize meaningful results.
Pdf strategic management and strategic planning process. The strategic management subject is in effect since history but has been taught as a syllabus of recent, to win over the various limiting factors attached with the organisation. Strategic planning level the strategic planning level involves mangers at the top of the organizational. There are four generic strategies are to be given by william f glueck and lawrence r jouch which are describing as under. Quality leadership tql coordinators, and strategic planning facilitators in leading the strategic management process. A strategic plan is an overall defined course of organizational action for a set period of time that guides daytoday decisionmaking and activity. Strategic planning and implementation, strategic planning. Strategic planning is considered a significant necessity for growth and efficiency in service sector firms. Strategic planning is one of the most challenging and exciting exercises an organization can undertake. Strategic planning is the art of formulating business strategies, implementing them, and evaluating their impact based on organizational objectives corporate strategy corporate strategy focuses on how to manage resources, risk and return across a firm, as opposed to looking at competitive advantages in business strategy. Production management national institute of technology calicut.
Strategic planning is systematic procedure to establish the long term objectives of an organization and the policies and strategies that oversee the achievement, use and disposition of resources to accomplish the vision and mission of firms. Socioeconomic and cultural significance of management 3. Strategic planning guidelines has been prepared to assist agencies1 in understanding the strategic planning process. Since then, such approaches have been used by business, government, and nonprofit organizations. Mission providing the highest quality police services and leadership to the people of minnesota. Therefore, production management can be defined as the management of the conversion process, which converts land, labor, capital, and management inputs into desired outputs of goods and services. Notes of strategic planning with dynamism and success. Strategic planning is not driven by one goal, one idea, or one set of demands, nor is it about trying to form a plan that is all things to all people. The last step of the strategic planning process is that of evaluating and refining everything from direction to releasing resources. The example doc format strategic management free template is a simple and useful sample it strategy template which contains details on strategic formulation and strategic implementation that will be required in the it strategy. We looked at each other, grinned and the sticky notes started flying.
Strategic planning is now a ubiquitous practice in u. During the strategic planning process it is important for all parties to actively listen and take notes. This classification of strategy schools is not the only one. It is also concerned with the design and the operation of systems for manufacture, transport, supply or service. Subentities create compatible strategies depending on their size and operational focus. Strategic planning allows an organization to make fundamental decisions or choices by taking a longrange view of what it hopes to accomplish and how it will do so. If the workshop is residential, use the evenings for colloquia or meetings to tackle. National institute of technology calicut department of mechanical engineering 9 supply chain management objective maximise the overall value generated is the difference between what the final product is worth to the customer and the effort the supply chains expends in filling the request of the customer. Strategic planning defined strategic planning is a process of looking into the future and identifying trends and issues against which to align organizational priorities of the department or office.
All strategic planning deals with al least one of three keys question a what do we do. Using a handbook for strategic planning, the senior leadership team can complete most of the. However, the principles of strategic planning for international development tend to be. University, took the entire strategic planning establishment to task in his book, the rise and fall of strategic planning. Approve the key strategic planning terms and definitions 1. In business strategic planning the third question is better how can we beat or avoid competition. He indicated that strategy is a plan, a pattern, a position, a perspective and, in a. The strategic planning reference and resource book has been designed to familiarize you and help you through the strategic planning process in a stepbystep approach. An important concept of strategic planning is an understanding that in order for the community to flourish, everyone needs to work to ensure the teams.
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