Strategy Development Methods Question:
Tell me what does strategic planning method depends on?
Answer:
There is no one perfect strategic planning model for each organization. The approach or model for strategic planning depends on:
☛ The purpose of strategic planning, for example, if planning is meant to add a new product or program, then the process will probably include market research to verify the need, markets, pricing, etc. for the new product or service.
☛ Whether the organization has done planning before, for example, if the organization has not done planning before, then extensive attention to mission, vision and values statements is probably warranted.
☛ The culture of the organization, for example, some cultures might prefer a "linear" approach from mission, vision, values, quantified goals, strategies, action plans, financial analysis, etc. Other cultures might prefer a more organic and unfolding approach, such as telling stories.
☛ Whether the environment of the organization is changing rapidly, for example, if the environment is changing rapidly, then planning should probably be a shorter term than for an organization who's environment is fairly stable.
☛ Whether the organization has had success in planning in the past, for example, if an organization has done planning in the past but planners do not believe it was successful, then the organization should perhaps undertake a simple, short-term planning process for now.
☛ The purpose of strategic planning, for example, if planning is meant to add a new product or program, then the process will probably include market research to verify the need, markets, pricing, etc. for the new product or service.
☛ Whether the organization has done planning before, for example, if the organization has not done planning before, then extensive attention to mission, vision and values statements is probably warranted.
☛ The culture of the organization, for example, some cultures might prefer a "linear" approach from mission, vision, values, quantified goals, strategies, action plans, financial analysis, etc. Other cultures might prefer a more organic and unfolding approach, such as telling stories.
☛ Whether the environment of the organization is changing rapidly, for example, if the environment is changing rapidly, then planning should probably be a shorter term than for an organization who's environment is fairly stable.
☛ Whether the organization has had success in planning in the past, for example, if an organization has done planning in the past but planners do not believe it was successful, then the organization should perhaps undertake a simple, short-term planning process for now.
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