Strategy and Strategic Planning

Description

Management planning has been defined as the process of setting and assessing an organization’s goals and then determining a detailed course of action for achieving the goals.

Planning is carried out at all levels—at the operational level, at the level of supervisors and middle managers, and at the top management level. The emphasis at each level is different. Inevitably, planning involves choices. You can achieve a given goal by following different alternatives. Which alternative to choose in each situation is at the heart of decision-making.

Strategic planning involves setting goals and a detailed blueprint or course of action to achieve the goals. Planning has different time horizons – daily, weekly, monthly, quarterly, yearly, multi-yearly, and longer time horizons.

Module Length: 6 Learner Hours| 6 SHRM PDCs | 6 HRCI PDCs | Access time: 2 years