Strategic Planning in the Small Business

Unit 1 TP 1-1 D"fnItion of Strateic Management STRATEGIC MANAGEMENT THE SET OF MANAGERIAL DECISIONS AND ACTIONS THAT DETERMINE T ...

BASIC ELEMENTS IN THE STRATEGIC MANAGEMENT PROCESS Strategy -- Strategy Evaluation Formulation Implementation and Control '1 I ...

Definition of Strategy Formulation STRATEGY FORMULATION: The process of developing workable plans to deal effectively with envir ...

Definition of Strategy Implementation STRATEGY IMPLEMENTATION: The process of putting strategies into action by-delegating respo ...

lDefinition of Evaluation and Control EVALUATION AND CONTROL: The process of monitoring business or organization activities and ...

Characteristic Who does it? Whose needs are met? Nature of goals? Planning horizon? Rigidity of plan Who has input into the plan ...

Stage of Development Conception Through Startup (0-12 months) Early Stage Firm (1-3 years) Ongoing Firm (3+ years) Ongoing Firm ...

TP 1-8 Business Life Cycle And Type of Plan Shvftepc Plan Resulting inan Alternate Future Strategic Plan Business Plan i I Fea ...

TECHNICAL FEASIBILITY MARKET FEASIBILITY NEW COMPETITION FEASIBILITY CD VENTURE Nj ORGANIZATION FEASIBILITY FINANCIAL FEASIBILIT ...

Unit 1 TP 1-10 STRATEGIC PLAN MODEL Table of Contents 2. Executive Summary * Company background * Mission statement * Primary ...

TATEGIC PLANNI G FUTURE GOALS (What/Where) PLANNING HORIZON (How) PRESENT SITUATION I­ I ...

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STRATEGIC PLANNING VS. LONG'RANGE PLANNING SP relies more on identifying and resolving issues, while LRP focuses on specifying ...

ADVANTAGES OF STRATEGIC PLANNING Improve performance Stimulate forward thinking Solve major organizational problems Survi ...

DISADVANTAGES OF STRATEGIC PLANNING Costs can outweigh benefits Intuition or "muddling" may be preferable When "life-threa ...

HOW TO DEVELOP A STRATEGIC PLAN A. Develop a process that fits your organization!!!! Two suggestions: Focus on criticai issues ...

HOW TO DEVELOP A STRATEGIC PLAN B. Rules of Thumb Strategic Planning is a way of thinking -- an ongoing process --your plan ...

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CERTIFICATE IN BUSINESS ADMINISTRATION Strategic Planning Process for Small Businesses Steps Completion Date 13 Ifpossible form ...