Tools to Aid Strategic Planning || Planning and Decision Making || Bcis notes

Tools to Aid Strategic Planning || Planning and Decision Making || Bcis notes

Tools to Aid Strategic Planning

Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals. A strategic plan tools are a systematic or a strategically oriented drive to give business or company its route towards is growth. There are some quantitative tools, which aid managers in performing their planning functions. Many managers may not have sufficient knowledge of advanced mathematics and statistical theories to apply these tools personally.

Important Tips For Strategic Plan tools

1. Get a grip on your company’s vision
There is an aim, a motive hidden behind the establishment of every successful organization and in order to come up with proper functioning strategic plan tools, it is very important for you to see the vision that the founders had contemplated for that organization. There are certain goals and principles for which your organization stands, and there are a few high set aims or milestones that the organization shall be able to accomplish. Once you are able to get the answers, you can have a part of your plan answered.

2. Evaluate where your organization stands today
Before preparing strategic plan tools, analyze the facts, and follow the data of your organization have to tell you. Before you start with the working of your strategic plan tools, analyze the progress of the company during the past few years, and its current standing in the market in contrast to what actually has been planned. This analysis will make it easier for you to understand the growth of the company and the speed with which it is expected to grow and which would allow to set up a realistic deadline to achieve the goal.

3. Come up with a mission statement
Proper strategic plan tools require a perfect tagline, which in this case is a mission statement. It is what drives people towards their goal, and this single statement has the capacity to make the workers and staff members encouraged and motivated to strive for the goal that the company has set. It is not a simple task, but if you’re able to strike the right chord with the mission statement, you might have made the work easier for yourself and better for the company.

4. Contemplate your strengths and weaknesses
It is very important for a company to have a clear insight into their working and knowledge of all its successes and failures. As an organization, it is not possible to always excel at everything, and there are some loopholes that can be left untied or unattended on your way to success. These loopholes just delay your success by sometime. If a company overcomes these loopholes, they stand clear from any obstacles. There are weaknesses in every organization, and you cannot possibly get rid of it because 100% efficiency is just an ideal vision, not a reality.

5. A strategy for each success factor
Since it is these success factors that decide your win or lose situation, it is best to control these success factors in such a way that the odds work out in your favor. The main reason behind the whole idea of making a list of success factors in your strategic plan development works is because it enables you to focus on each of those factors and pay attention to the ways in which you can make those factors work in your favor rather than against you.

You may also like: Concept of Strategic Planning


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