TIP FOR EFFECTIVE PLANNING

Defining organizational goals and objectives is the first step in the planning process. Here the tips for you and for your company how you create a good and well organize company with best tip for effective planning.
1. Establish a Planning Structure
• Line managers are responsible for designing the plan.
• The CEO provides direction and purpose.
• Staff planners provide assistance and legwork.
• Include provision for long-term corporate plan and shorter term operational plan.
2. Define the Organization’s Current Situation
• Where are we now?
• Define the company’s mission and purpose.
• Analyze economic and competitive situation, and internal resources.
3. Set Specific Organizational Goals
• Where do we want to go?
• Define measurable goals for desired results in area such as profitability, market share, productivity, innovation, financial resources, employee development, growth, and environmental responsibility.
4. Devise Possible Courses of Action
• Project current trends into the future.
• Analyze basic planning assumptions.
• Develop scenarios for alternative courses of action.
5. Formulate Strategies
• What will we do to achieve goals?
• Set priorities for strategic alternatives.
• Define specific plans.
• Allocate responsibilities, time, and resources requirements.
6. Analyze Risks and Resources
• Match resources with plan requirements.
• Indentify risks associated with products, markets, competition, and employee.
7. Set Timetables
• When will goals be met?
• Define schedules and time frames for key accomplishment.
8. Develop Operational Goals and Plants
• Define short-term objectives in key performance.
• Line managers devise short-terms action plan.
• Assign responsibilities and schedules.
9. Finalize Strategic Plan
• Reanalyze resources in light of completed plants.
• Consider financing, manpower, facilities, and production schedules.

10. Implementation and Control
• Coordinate strategic planning system with budgets and other control system to support managerial action.
• Schedule periodic reviews.
• Link to rewards and management by objectives system.


Source: Business Research & Communication, 203 Calle del Oak. Strategic Planning.