How can strategic planning be used to achieve organizational goals?
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Strategic planning is a valuable tool for organizations to achieve their goals. It helps in determining the direction of development and identifying activities that contribute to goal achievement . Strategic planning provides a framework for solving external and internal problems, adapting to a changing business environment, and addressing challenges related to cash flow, capital availability, and succession planning . It also helps organizations anticipate risks, seize opportunities, and improve operational efficiency . Strategic planning matters for its effect on organizational values, rituals, and ability to move the organization in new directions . It allows companies to develop their activities in a highly competitive environment, use competitive advantages, and capture more market share or new markets in the future . Overall, strategic planning helps organizations maximize profits, improve performance, and increase competitiveness .
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| Papers (4) | Insight |
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| Strategic planning can be used to achieve organizational goals by refining and operationalizing the goals, generating strategic plans, and selecting the best plans based on optimization goals. | |
21 Citations | Strategic planning is a process by which an organization differentiates itself from its competition to achieve its mission. |
| Strategic planning is used to determine the direction of an organization's development and identify activities that contribute to achieving its goals. | |
| Strategic planning can be used to anticipate risks, seize opportunities, create direction, improve efficiency, and limit crisis management. |
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