A strategic plan of an organization's mission and future direction, near-term and long-term performance targets, and strategy.
When a distinguished but elderly scientist states that something is possible, he is almost certainly right. When he states that something is impossible, he is very probably wrong. (Profiles of the Future, 1962)
Strategic planning is a combination of rational, scientific examinations and educated, instinctive best guesses.
The process entails: examining the organization's critical issues and determining how the organization's strengths and skills can be employed and analyze the opportunities of the organization to meet the critical issues and choosing the best approaches for the organization. During this evaluation ask these key questions: Does the strategy meet/address critical issues? Is this associated with our mission? Is this approach financially viable?
It is important not to disregard the ideas that come to people during non-working hours.
- Contrasting Business Styles of William Durant & Alfred Sloan
- Leadership of Ghosn
- Strategic Planning
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