SUCCESSFUL STRATEGIC PLANNING Research Paper Example | Topics and Well Written Essays - 750 words

SUCCESSFUL STRATEGIC PLANNING - Research Paper ExampleWith entirely this talk slightly a successful strategic plan as a mast to sail finished the tempest, several plant transcriptions are quizzed with what exactly is a successful strategic plan. How should one implement it and how tummy an organization guess its effectiveness? This article has been an attempt to shed light on some of the nuances of a successful strategic plan.In the current economic turmoil many organizations have claimed that survival in their respective application was mainly due to a strong, long-term and usable strategic plan. Organizations that failed to follow their strategic plan or did not have a workable plan in the first place, are facing extinction.With all this talk about a successful strategic plan as a mast to sail through the tempest, several seed organizations are quizzed with what exactly is a successful strategic plan. How should one implement it and how can an organization gauge its effecti veness?A strategic plan is the roadmap of an organization. It tells an organization who it is, what does it aspire to be, how to get on that point and how to continue to grow. A strategic plan at its core clearly defines how an organization will fall upon its vision. This is in striking contrast to a long-range plan which primarily focuses on determining an organizations vision (McKay, 2001).Before writing a strategic plan, an organization must determine why it contends a strategic plan. Is the plan required for governance, for a new program development or as an instructional guide to provide a common vision and focus, with agreed-upon goals and strategies? Having clearly defined the need for a strategic plan, the organization then moves to developing a strategic plan.Conduct an environmental run down This process is usually termed as the SWOT analysis. SWOT stands for Strength, Weakness, Opportunity and Threat. A SWOT analysis is polar to gauge how an organization relates to t he external