Strategic Planning Assignment: Business Strategy Report for Long-Term Organizational Success
| University | Universiti Sains Malaysia (USM) |
| Subject | Strategic management |
Topic
Strategic Planning and Management Solutions Strategic planning is the cornerstone of any successful business.
It’s the process that provides direction, outlines measurable goals, and can be a significant factor in the long-term success of an organization.
Strategic planning is a must for every business, big and small. It’s a process to figure out where your company is going and how to get there—but it’s also so much more. A strategic plan defines who you are as a business and lists concrete actions to achieve your goals. When the unexpected occurs, a strategic plan helps your business survive and find new opportunities while staying true to your values and mission.
Developing and implementing a strategic plan can help you define where your business stands and the resources you currently have. It can also outline all the considerations and steps your organization should take to achieve your objectives.
Prepare a written report, which includes but is not limited to the following topics/discussions:
1. Introduction: Strategic planning definition.
2. The importance of strategic planning.
3. Strategic planning process.
4. The strategic planning cycle.
5. Internal and external environmental factors in strategic planning.
6. Benefits of strategic planning.
7. The balanced scorecard model.
8. Issues-based and goal-based strategic planning.
9. Strategic action plan.
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