Organization Strategic Planning Theories

0 / 5. 0

Organization Strategic Planning Theories Strategic planning refers to the systematic process of creating a vision of the desired future state, and turning this vision into widely defined objectives or goals, and outlining the procedure towards attaining them. Strategic planning is one of the fundamental aspects of modern business and helps determine the scope and direction of a business organization in the long run while allocating resources on the dynamic nature of the business environment regarding the market and customers. With the onset of globalization, each business has the challenge to draw clear and objective strategic business plans with the aim of diversifying products or services or risk being out of business. Strategic planning also induces a change of operational activities. Strategic plans are essential route maps for propelling a business from the current position to the next level. Strategic Planning has evolved over the years to be one of the fundamental parts of organizations. Furthermore, several theories have been developed by scholars to contribute to and explain the main components of strategic planning. In his five functions of management, Henry Fayol one of the major contributors to organization theory and practice included planning as one of the essential functions of management alongside organizing, control, coordination, and command. The paper presents an application of Sun Tzu’s principles in his documentary the ‘Art of War’ on organizational theories developed by Michael Porter. The paper discusses how the principles described in the ‘Art of War’ relates to Porter’s forces of business strategy models. Sun Tzu’s Principles and

Free Organization Strategic Planning Theories Essay Sample

Related samples

Zika virus: Transmission form Introduction The Zika virus belongs to the Flaviviradae family, was found for the first time in a monkey called Rhesus febrile and in...

Zika virus: cases and prevention Introduction The World Health Organization (WHO) has confirmed that Zika is a virus caused through the mosquito bite which is...

Zeus The King of Greek mythology Introduction Zeus is the Olympic God of heaven and thunder, the king of all other gods and men and, consequently, the main figure...

Zeus's punishment to Prometheus Introduction Prometheus, punished by Zeus Prometheus, punished by Zeus. Prometheus is a ‘cousin’ of Zeus. He is the son of the...

Comments

Leave feedback

Your email address will not be published. Required fields are marked *