Types of plan
OPERATIONAL PLANS
Operational planning focuses on activities
operational plans outline the tactical activities
standing or single-use plans
STANDING PLANS
policies
procedures
rules
SINGLE-USE PLAN
programs
projects
budgets
IMPLEMENT AND CONTROL THE STRATEGY
ensure the organization’s mission and objectives are achieved
Successful implementation will deliver excellentend result
mechanism to ensure that objectives are achieved
DEVELOP STRATEGIES
current strategy against currenT information
Formulate new strategic if needed
Develop policies, procedures, programs to accompany new strategy
STRATEGIC PLANNING
deals planning function
comprehensive plan
serve basic tactical plan
Focuses on enhancing the competitive position
proses manager:
1) develop the mission
2) analyze the environment
3) set objectives
4) develop strategies
5) implement & control the strategies
DEVELOP THE MISSION
strategic
direction to the members of an organization
target markets (who)
primary products and services (what)
services to satisfy the customers in the target markets (how)
ANALYZE THE ENVIRONMENT
external and internal factors that can affect
management plan
eg: technology, economy, political, sociocultural
3 parts of analysis
company's industry & competitor
particular situation
competitive advantage
using SWOT analysis
SET OBJECTIVES
GOALS - general targets to be accomplished
OBJECTIVES - what is to be accomplished in
specific and measurable terms by a certain target
date