Accounting technicians scheme west africa


A.8.1 Strategic Planning (Top management)



Download 3.37 Mb.
View original pdf
Page119/327
Date31.08.2022
Size3.37 Mb.
#59434
1   ...   115   116   117   118   119   120   121   122   ...   327
37

A.8.1 Strategic Planning (Top management)
Strategic planning is the process of determining desired objectives or benchmarks and of developing ways to reach them. What do we want the future to be What must we do now to better ensure that the desired future is achieved
Strategic planning typically
(a) is the responsibility of top management b) states the organisation’s mission and vision c) describes the set of goals, policies, structure and funding of the organisation dis concerned with effectiveness (doing the right things) e) provides the basis for both tactical and operational planning f) takes time to execute g) the time frame of strategic planning is usually long.


A.8.2 Tactical Planning (Middle management)
In most instances, tactical plans flow from, and must be consistent with the strategic plan of the organisation. While strategies are often specified in general terms, tactics must specify resources and time frames in detail. Tactical planning requires the use of human resources and managers involved in tactical planning spend a great proportion of their time with other people. They must receive Top Middle Lower


117 information within and without the organisation, process them in the most efficient way and pass them to others who would make use of the information. Thus, tactical plans are used to accomplish specific parts of a strategic plan and each strategic plan is implemented through several tactical plans. Strategic planning is critical to the success of any organisation tactical planning makes the difference on how well strategies really work. Broad, long-term goals are the focus of strategic planning tactical plans are used to accomplish specific parts of a strategic planning. Each strategic plan is generally implemented through several tactical plans. Effective tactical planning involves both development and execution.

Download 3.37 Mb.

Share with your friends:
1   ...   115   116   117   118   119   120   121   122   ...   327




The database is protected by copyright ©ininet.org 2024
send message

    Main page