X_FPX_5006_Ass 1: 1st draft # The Strategic Process # MBA

Strategic Planning Framework

Q

Katheyatt

Capelniversity

07/01/2020

Strategic planning frameworks provide a platform on which an organization can premise their strategic planning and goals. The key components of a strategic are the detailed definition of objectives of the company, its specific goals, and strategies in the achievement of these goals and the measures that will be taken. This builds a vision, mission, and goals for the organizations’. The goals are set on a SMART basis; that is Specific, Measurable, Attainable, Relevant, and Time-bound. These clear definitions provide a course for the organization to follow as a team and hence achieve greater rewards.

The principal essence of employing strategic planning frameworks is the provision of a clear path in the carrying out of daily activities in any organization. As the strategic plan harbors the reason for its existence and what its objectives are, the entire decision making in the organization is tailored to taking the organization a step further towards their organization. Over and above that, it provides a front for performance management and evaluation. Profitability is well detailed and defined, and the success of the organization can be measured at any point in time. With a distinct strategic framework, the organization employees understand their job description, their work breakdown, and their purpose in the organization for both short term and long term basis; and hence success becomes a collective reward and operating towards it combined teamwork.

However, for the efficacy of the strategic plan to be attained; distinctive or not; good leadership in an organization chiefly vital. This ascertains all departments know their roles and play it towards the implementation of the strategic goals. To the bargain, good leadership ensures the right interest and urgency are instilled in the employees. There is a necessity to monitor progress within and after a given step before outlining the next, and this is achieved through good leadership in the organization. Phases of the framework may be carried out simultaneously or by departments, and this explained by organization leadership.

References:

Grainger-Brown, J., & Malekpour, S. (2019). Implementing the sustainable development goals: a review of strategic tools and frameworks available to organisations. Sustainability, 11(5), 1381. Retrieved from:   https://doi.org/10.3390/su11051381

Ramezani, Y., Salari, T., & Mashhadi, A. H. B. (2017). A Comprehensive Framework of Strategy Development in Strategic Programming. Jurnal Fikrah Jilid, 8, 150-167. Retrieved from: https://www.jurnalfikrah.org