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Strategic planning is an organizations process of defining its strategy, or perplexity, and fashioning decisions on allocating its resources to pursue this strategy. In order to determine the direction of the organization, it is necessary to understand its current position and the possible avenues with which it can pursue a particular course of action. Generally, strategical planning deals with at least one of three make questions:[1]
1.What do we do?
2.For whom do we do it?
3.How do we stand out?
Tools and advancees
Among the most useful tools for strategic planning is SWOT abbreviation (Strengths, Weaknesses, Opportunities, and Threats). The main objective of this tool is to analyze internal strategic factors, strengths and weaknesses attributed to the organization, and external factors beyond control of the organization such as opportunities and threats.
Other tools include:
?Balanced Scorecards, which creates a systematic textile for strategic planning;
?Scenario planning, which was originally used in the troops and recently used by large corporations to analyze early scenarios.




?PEST analysis (Political, scotch, Social, and Technological)
?STEER analysis (Socio-cultural, Technological, Economic, Ecological, and Regulatory factors)
?EPISTEL (Environment, Political, Informatic, Social, Technological, Economic and Legal).
?ATM Approach (Antecedent Conditions, Target Strategies, Measure Progress and Impact).[2] in one case an understanding of the desired end state is defined, the ATM approach uses Root Cause Analysis (RCA) to understand the threats, barriers, and challenges to achieving the end state. non all antecedent conditions identified through RCA are within the direct and immediate control of the organization to change. Therefore, a look backward of organizational resources, both human and financial, are used to prioritise which antecedent conditions will be targeted. Strategies are then positive to target the prioritized antecedent conditions....If you want to get a large essay, order it on our website: Orderessay



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