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Strategic Planning - Essay Example
Engineering and Construction
Pages 4 (1004 words)
Strategic planning Name Tutor Institution Subject Code Introduction Strategic planning is a formulated approach which is sequentially made aimed at creating and upholding favorable and appropriate ground for operation. It involves leaders and variable ideas to be applied on procedural activities to contribute to success…
It is therefore needed for the proper programming of work structure and proceeding as it provides a clear formula for the problem solving. Strategic planning gives a new structure and outline for the steps to be undertaken in an organization to prevent any misfortune which might come on the way as they carry out their activities. A good strategic plan is one that can allow for the reengineering of the organization structure to counter react to an emerging issue. The issues that may call for the reengineering of the organization structure include a change in leadership or work policy. Strategic planning is also required for the better coordination of the firm with respect to the expected future losses. For an organization to convince their funders or donors, they need to have a strategic plan for their working. Strategic planning is important in an organization for; fulfillment on the obligations of the policy makers and all other stakeholders, with a strategic plan, ways and means by which the set goals and objectives can be achieved is clearly included. ...