11/27/2020
The Impact of Strategic Planning on Your Business | Shaun Dallas Dance | Strategic Planning
a The Impact of Strategic Planning on Your Business by Shaun Dallas Dance | Nov 27, 2020 | shaun dallas dance, strategic planning
Strategic planning is an organizational management activity. It de nes what an organization is from the get-go, what it does, why it does it, and who it serves. The focus is always looking ahead to the future. Strategic planning establishes the groundwork for the way a business de nes everything it does moving forward. It a ects everything about the way the company makes decisions, including how resources are allocated, priorities are established, agreements are made, and training manuals are written. Since it serves as the base of all decisions, there is nothing more important than de ning a clear plan for what your business is really about before investing time and money into it. The process of strategic planning is a multi-step one. The rst step involves analysis or assessment of the corporation. This is done to gain a full understanding of both the internal and external environments of the business. After this step, a strategy is formed along with an organizational structure documenting how the business shall proceed. The next step is to translate the directives into a functioning operational schema of everybody’s roles and priorities. The nal step in development is the evaluative sustainment phase, which allows for re nement and tweaks based on changes in https://shaundallasdance.org/the-impact-of-strategic-planning-on-your-business/
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