Lesson 3: Organizational Strategic Planning
A strategic plan is a plan that maps out specific strategies for achieving organizational results. It is hinged around the mission, vision, values and critical success factors of an organization. In essence, a strategic plan will provide a path that will take an organization from its present status to where it will like to be in a projected time frame. As a management tool, a strategic plan must be developed according to the needs of the organization that it represents. Representatives from every department within the organization should participate in the strategic planning process. If possible, customers and stakeholders should also be an integral part of the planning activities. When everyone participates in the planning stages, the implementation of the strategic plan becomes less of a challenge.