MGT 450-D.Posts - MGT 450 Strategic Planning Discussion...

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MGT 450 – Strategic Planning – Discussion Posts Week 1: 1. Why use Strategic Planning? We use all kinds of planning in our lives: personal planning, financial planning, budget planning, organizational planning, and even schedule planning. Businesses and other organizations use many types of planning processes as well. These include business planning (plan a new business organization, product, etc.), organizational or program planning (design and carry out a major internal organizational function or process), project planning (design and carry out a specific, one time effort such as constructing a building), and strategic planning (establish organizational goals/objectives and how to reach them). Among them all, strategic planning presents the most opportunity to change the organization from the inside out. In 200 words explain why strategic planning is fundamentally different from other types of planning. Include your views on why any organization would engage strategic planning processes and why you would find it important in your job to be part of the strategy development process. Respond to at least two of your fellow students’ postings. As stated, strategic planning presents the most opportunity to change the organization from the inside out. Strategic planning is fundamentally different from the other types of planning simply because, as the text states, “a company’s strategy provides the framework for managerial decisions” (pg 4). Strategic planning encompasses the broad spectrum of planning, and unlike the other types of planning, strategic takes into account a part of all the departments that create the organization. It then creates the guidelines and standards by which all those departments will operate and in order to maintain their share of the organization. The business planning, program planning, and project planning are concentrated on one aspect of the business, whereas strategic planning creates the framework in which the concentrated areas of planning are to be carried out. Not only does strategic planning take into account the organization as a whole, but it also allows for managers at all levels and of every department to interact and play a part in the planning and implementing of the organization’s goals (pg 9). I would want to be a part of my organization’s strategy development process because this type of involvement results in more willingness to change, and a greater motivation to strive for organization’s goals. If I play a part in the construction of the organization’s framework, the more I am going to understand and the more willing I am going to be to strive to meet the organization’s goals and objectives. Pearce J., & Robinson R. (2009). Strategic management: Formulation implementation and control (11 th ed.) New York : McGraw-Hill Irwin.
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