Strategic planning has been used as a tool for transforming and revitalizing organizations. Recently, the skepticism about planning has been rising due to political and economic uncertain and pace of technological and social change has accelerated. (Mittenthal, Ten Key to Successful Strategic planning for nonprofit and foundation leaders, 2012)
The process can evidence pointless and frustrating situations when it does not reflect clear, realistic goals, define explicit action and elicit views of stakeholder groups. A successful strategic planning process will make informed projections about environmental realities to aid an organization anticipate and respond to change through its mission and goals.
The strategic planning process begin at Readiness assessment, following for clarifying mandates, mission and values, performing environmental assessment and formulate the vision. There are diverse tools which objective is assessing the balance of power in a business situation, obtaining a big frame of opportunities and threats and identifying areas and activities that really matters for success (Mind tools, n.d.) like Porter’s Five Forces Model, Industry Value chain, Game Theory, PEST, Scenario Planning, Global Industrial Models, Stakeholder Analysis and SWOT/ TOWS matrix. (John E. Gamble, Second Edition) Figure 1 Building Strategic Planning Pyramid The SWOT analysis is the most common tools use for organizations to uncover opportunities that are well-placed to exploit or expand, build and enhance understand internal capabilities, resolve and reduce organizational pain point, manage and eliminate threats. …show more content…
(MindTools, n.d.) Furthermore, it aware the organization, department or team to think in a process for strategic options. See figure below. (John M. Bryson, Third Edition)
Figure 2 Environmental Assessment Flow
The SWOT analysis aids to get clear answers to the following interrogations:
1. What are the industry’s dominant economic characteristics and how can affect the organization?
2. What kind of competitive forces are organization members facing and how strong is each one?
3. What forces are driving the industry change and what impact will be in the organization, changes on competitive intensity and industry profitability?
4. What market positions rivals occupy and how is the organization positioned?
5. How well is the present strategy working?
6. What are the key factors of competitive success?
7. What advantages does the organization have?
8. What do we do better than anyone else?
9. What the organization can improve or avoid? 10. Are the competitors doing better that the organization? 11. What are the organization’s competitively valuable resources, capabilities and internal weaknesses? 12. What good opportunities can we spot? 13. What are the trends in the market to be aware? 14. Which changes in technology, market, government, social patterns, population profiles, lifestyle changes and demographics are happening? Organizations need to identify strategic alternatives based on the factors to be faced according to the nature – internal or external. As a result, the organization create action plans and risk management assessment to address those concerns …show more content…
Opportunities, new population in the market interested in the product that is not developed for another competitor making the organization in the leader in the industry. On the other hand, as a weakness could be reporting, process and procedures not aligned to the vision and mission, not clear policies and so on. But also the organization should take care of the menace like new competitors in the market, government regulations, economic – financial situation, stock market fluctuations, or change resistance if we are discussing a SWOT analysis for a
The process can evidence pointless and frustrating situations when it does not reflect clear, realistic goals, define explicit action and elicit views of stakeholder groups. A successful strategic planning process will make informed projections about environmental realities to aid an organization anticipate and respond to change through its mission and goals.
The strategic planning process begin at Readiness assessment, following for clarifying mandates, mission and values, performing environmental assessment and formulate the vision. There are diverse tools which objective is assessing the balance of power in a business situation, obtaining a big frame of opportunities and threats and identifying areas and activities that really matters for success (Mind tools, n.d.) like Porter’s Five Forces Model, Industry Value chain, Game Theory, PEST, Scenario Planning, Global Industrial Models, Stakeholder Analysis and SWOT/ TOWS matrix. (John E. Gamble, Second Edition) Figure 1 Building Strategic Planning Pyramid The SWOT analysis is the most common tools use for organizations to uncover opportunities that are well-placed to exploit or expand, build and enhance understand internal capabilities, resolve and reduce organizational pain point, manage and eliminate threats. …show more content…
(MindTools, n.d.) Furthermore, it aware the organization, department or team to think in a process for strategic options. See figure below. (John M. Bryson, Third Edition)
Figure 2 Environmental Assessment Flow
The SWOT analysis aids to get clear answers to the following interrogations:
1. What are the industry’s dominant economic characteristics and how can affect the organization?
2. What kind of competitive forces are organization members facing and how strong is each one?
3. What forces are driving the industry change and what impact will be in the organization, changes on competitive intensity and industry profitability?
4. What market positions rivals occupy and how is the organization positioned?
5. How well is the present strategy working?
6. What are the key factors of competitive success?
7. What advantages does the organization have?
8. What do we do better than anyone else?
9. What the organization can improve or avoid? 10. Are the competitors doing better that the organization? 11. What are the organization’s competitively valuable resources, capabilities and internal weaknesses? 12. What good opportunities can we spot? 13. What are the trends in the market to be aware? 14. Which changes in technology, market, government, social patterns, population profiles, lifestyle changes and demographics are happening? Organizations need to identify strategic alternatives based on the factors to be faced according to the nature – internal or external. As a result, the organization create action plans and risk management assessment to address those concerns …show more content…
Opportunities, new population in the market interested in the product that is not developed for another competitor making the organization in the leader in the industry. On the other hand, as a weakness could be reporting, process and procedures not aligned to the vision and mission, not clear policies and so on. But also the organization should take care of the menace like new competitors in the market, government regulations, economic – financial situation, stock market fluctuations, or change resistance if we are discussing a SWOT analysis for a