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Key Elements Of Strategic Planning

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Introduction
The study of planning and targets is not complete without consideration of strategic planning. The strategic planning is a statement of plans designed to achieve a certain scale object aspirations. An integral part of the strategic plan is the idea of a reasonable use of resources, or for manoeuvring to outwit the enemy and overcome the existing obstacles to the achievement of the objective. The central strategy is developed at the top, and, like an umbrella, covers the activities of the levels that are below.
The research paper would focus on the implementation of tasks. The first part of it would discover the understanding of key elements of strategic planning, would give an analysis of factors that influence the strategic planning …show more content…

However, it is important to realize that along with the obvious benefits of strategic management has a number of drawbacks and limitations on use. It is possible to follow the example of the analysis of positive and negative results of the impact of human resource management factors.
Positives Negatives
All employees are aware of their importance in the company. It creates a risk that employees will not carry out their work efficiently.
The organization operates as oiled machine, where each performs a separate function. Management cannot be reduced to a set of routine procedures and schemes.
Objectives, strategies and plans are well communicated to employees in order to obtain from them as the understanding of what makes the company and their formal involvement in the implementation of strategies. It requires enormous effort and great expense of time and resources to ensure that the organization was launched strategic management …show more content…

Stars are rapidly developing and have a large market share. For rapid growth requires a strong investment. Over time, growth is slowing down and they become "cash cows". Cash Cows, or moneybags are low growth and large market share. They do not require large investments to bring higher income, which the company uses to pay its bills and to support other areas of its activities. Dark horse (wild cats, difficult children, question marks) is the lowest share of the market, but the high rate of growth. It requires a lot of money to keep the market share, and even more so its increase. Dogs (lame duck, dead weight) are a low market share, the low growth rate. They bring sufficient income to sustain themselves, but do not get sufficient sources to finance other projects. The implementation process associated with the use of long-term and tactical plans, policies, procedures and rules are very complex. Despite all the advantages, the model has a number of disadvantages. Many of the factors that affect the profitability of the industry missed. In addition, the model stops working when it applies to the industry with a low level of

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