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| | '''Strategic planning skills''' are part of a high-leverage organizational strategy that is used in both small and large companies and across nearly all business/professional sectors.<ref>[https://www.indeed.com/hire/c/info/what-is-strategic-planning-a-definition?aceid=&gclsrc=ds What is Strategic Planning: A Definition], Indeed</ref> | | '''Strategic planning skills''' are part of a high-leverage organizational strategy that is used in both small and large companies and across nearly all business/professional sectors.<ref>[https://www.indeed.com/hire/c/info/what-is-strategic-planning-a-definition?aceid=&gclsrc=ds What is Strategic Planning: A Definition], Indeed</ref> |
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| | Definitionally, strategic planning is: | | Definitionally, strategic planning is: |
| − | {{Cquote|Strategic planning is a process used by organizations to identify their goals, the strategies necessary to accomplish those goals and the internal performance management system used to monitor and evaluate progress. Most organizations use a SWOT or gap analysis to identify the underlying factors driving their current performance. This, in turn, provides information regarding the most high-leverage strategies to create change. | + | {{Cquote|Strategic planning is a process used by organizations to identify their goals, the strategies necessary to accomplish those goals and the internal performance management system used to monitor and evaluate progress. Most organizations use a [[SWOT analysis]] or [[Gap analysis|gap analysis]] to identify the underlying factors driving their current performance. This, in turn, provides information regarding the most high-leverage strategies to create change. |
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| | Companies looking to optimize their performance and growth rely on a strategic planner, meaning a person who is dedicated solely to carefully planning the actions a company needs to take to reach their full potential. | | Companies looking to optimize their performance and growth rely on a strategic planner, meaning a person who is dedicated solely to carefully planning the actions a company needs to take to reach their full potential. |
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| | An effective strategic planning process is required for all organizational processes, from human resource policy implementation to financial growth goals. Whatever the goal, you can create a performance improvement plan to streamline the processes you undertake to further your company’s growth.<ref>[https://www.indeed.com/hire/c/info/what-is-strategic-planning-a-definition?aceid=&gclsrc=ds What is Strategic Planning: A Definition], Indeed</ref>}} | | An effective strategic planning process is required for all organizational processes, from human resource policy implementation to financial growth goals. Whatever the goal, you can create a performance improvement plan to streamline the processes you undertake to further your company’s growth.<ref>[https://www.indeed.com/hire/c/info/what-is-strategic-planning-a-definition?aceid=&gclsrc=ds What is Strategic Planning: A Definition], Indeed</ref>}} |
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| | + | Soon after a strategic plan is formulated, an organization should: |
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| | + | '''1.''' Allocate organization resources in alignment with the strategic plan. |
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| | + | '''2.''' Develop cascading goals. Cascading goals are structured in a way so that businesses align goals from the highest level of the company all the way down to individual employees so they are in harmony. |
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| | + | '''3.''' Build a performance management infrastructure.<ref>[https://www.indeed.com/hire/c/info/what-is-strategic-planning-a-definition?aceid=&gclsrc=ds What is Strategic Planning: A Definition], Indeed</ref> |
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| | + | '''4.''' Streamline and organize business processes with a strategic planning template designed the organization's industry/business/organizational sector. See: [https://asana.com/templates/strategic-planning Strategic planning template] |
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| | == Strategic planning articles == | | == Strategic planning articles == |
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| | *[https://www.indeed.com/hire/c/info/what-is-strategic-planning-a-definition?aceid=&gclsrc=ds What is Strategic Planning: A Definition], Indeed | | *[https://www.indeed.com/hire/c/info/what-is-strategic-planning-a-definition?aceid=&gclsrc=ds What is Strategic Planning: A Definition], Indeed |