Business Strategy Plans

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Quite often, an organization's strategic planners already know much of what will go into a strategic plan (this is true for business planning, too).However, development of the strategic plan greatly helps to clarify the organization's plans and ensure that key leaders are all "on the same script".Before you learn more about strategic thinking from this topic, you might start by learning just how good your strategic thinking skills are now. Simply put, strategic planning determines where an organization is going over the next year or more, how it's going to get there and how it'll know if it got there or not.

Quite often, an organization's strategic planners already know much of what will go into a strategic plan (this is true for business planning, too).However, development of the strategic plan greatly helps to clarify the organization's plans and ensure that key leaders are all "on the same script".Before you learn more about strategic thinking from this topic, you might start by learning just how good your strategic thinking skills are now. Simply put, strategic planning determines where an organization is going over the next year or more, how it's going to get there and how it'll know if it got there or not.

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As noted above, these activities should be conducted every year if the organization is experiencing tremendous change. NOTE: Although there are separate sections listed below for many of the major activities in strategic planning (for example, the sections "Developing a Mission", "Developing a Vision", etc.), this section "Various Overviews of Strategic Planning" also includes information about those activities as well.Major differences in how organizations carry out the various steps and associated activities in the strategic planning process are more of a matter of the size of the organization -- than its for-profit/nonprofit status.Small nonprofits and small for-profits tend to conduct somewhat similar planning activities that are different from those conducted in large organizations.For example, detail-oriented people may prefer a linear, top-down, general-to-specific approach to planning. (Probably ...) Strategic Planning or Business Planning?On the other hand, rather artistic and highly reflective people may favor of a highly divergent and "organic" approach to planning. (a comparison of the two) The Difference Between Strategic Planning & Financial Planning Metaphors Be With You: The Strategist as Poet Basic Overview of Various Strategic Planning Models Should I Use Goals-Based or Issues-Based Planning?Nonprofits tend to focus more on matters of board development, fundraising and volunteer management.For-profits tend to focus more on activities to maximize profit.) Therefore, the reader is encouraged to review a variety of the materials linked from this page, whether he or she is from a nonprofit or for-profit organization. Also consider Strategic Planning in Tough Times -- It's Not Discretionary at All The scheduling for the strategic planning process depends on the nature and needs of the organization and the its immediate external environment.There are a variety of perspectives, models and approaches used in strategic planning.The way that a strategic plan is developed depends on the nature of the organization's leadership, culture of the organization, complexity of the organization's environment, size of the organization, expertise of planners, etc.Clearly define the purpose of the organization and to establish realistic goals and objectives consistent with that mission in a defined time frame within the organization’s capacity for implementation. Communicate those goals and objectives to the organization’s constituents. On the other hand, if the organization has been around for many years and is in a fairly stable marketplace, then planning might be carried out once a year and only certain parts of the planning process, for example, action planning (objectives, responsibilities, time lines, budgets, etc) are updated each year. Strategic planning should be done when an organization is just getting started.(The strategic plan is usually part of an overall business plan, along with a marketing plan, financial plan and operational/management plan.) 2.

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