ipl-logo

Strategic Planning Vs Long Range Planning

916 Words4 Pages

Nowadays, strategic planning had been popular among people. Many people have been talk about strategic planning rather than long range planning. As we know that strategic planning are more efficient than long range planning. There are the definitions of long range planning. Long range planning are the process where the leaders of an organization are determine what are the organization want in the certain time. Long range planning also known as the planning two or more years seems are unsatisfactory. Long range planning usually made in three or five years. Besides, it is used to establish the goal and objective. Then, it will seem that to describe what organization vision to accomplish. Furthermore, long range planning predict that the condition …show more content…

The mission statement articulates the organization purpose for existence. For example, a mission statement for a bike manufactures to offer the high qualities bike at a value price. A vision statement is more specific and states the changes that the company aspires that have been made. Another example, a vision statement bicycle produces are likely to become the largest bicycle manufacturer in demand in 2016. Based on the mission and vision statements, a top-down business in the form of long range planning business goals have been archived. Long range planning involves a building a goals by evaluating sales history and other operating data. Other than that, by using the predictive techniques in business planning helps leaders make predictions based on information that can be used in developing a long range planning. The internal data related about the company performances as well as the external data about the industry may be used to establish a long range strategic goals. Manage the company future lies in the middle of setting long range planning goals. This is a true strategic business planning. The long range planning involves assessing the company current market position, set goals for where to take the company in the future. Long range planning creating a strategy to move the company from where it is to where leaders want it to be in future. Long range planning helps business leaders to think differently about the direction of the company. It also provides motivation and insight into the type of performance required to meet business goals. For example, long range planning goals might be to increase revenue for a specific product by 20% within five years. The long range planning goal is to provide management direction and provide measurable targets workers who are used to measure performance

Show More
Related

  • Mission Statement For The Arrowhead Regional Medical Center

    1042 Words  | 5 Pages

    Businesses can differ greatly in the services they offer or Goods they sell. One thing that all businesses have in common is that they have a mission or vision statement that they use to define themselves and what they are about. The Arrow Head Medical Center in Colton, California has a mission statement that is not strong, is very generic, and for the reasons is probably why it is not displayed anywhere on their website. To give them a stronger identity to the community, and more tangible goal to reach for internally, it is necessary to create a new mission statement for this organization. The most recent mission statement for the Arrowhead Regional Medical Center I coul find was located on a 2012-2013 strategic plan.

    Read More

  • Hcs/404 Week 3

    537 Words  | 3 Pages

    403 1. The difference between the following terms are: Strategic management is the process of assigning responsibility to implement and monitor the activities that must be accomplished to reach the goal. Strategic planning is a method used to define the tasks and operationalize activities that must be accomplished to reach an identified or agreed-upon goal. Strategic thinking is a mental process of synthesizing and analyzing information to envision the strategies and tactics needed to achieve an ultimate goal. Strategy is a set of related actions that leadership makes to increase the organization 's performance on agreed upon and significant outcomes and benchmarks.

    Read More

  • Advantages And Disadvantages Of Clinical Integration In The Strategic Planning Process

    1249 Words  | 5 Pages

    Physicians and Hospitals go hand in hand when it comes to the medical care of patients, and it is this relationship that allows the patients to receive the care they need and deserve. It is also this relationship that we as health care administrators need to understand. In order to fully understand this relationship we need to define the concept of the integrated physician model. We also need to explain the importance of clinical integration in the strategic planning process, and the dynamics of and controversies surrounding accountable care organizations and alternative approaches to the current health system. I will also explain the advantages and disadvantages for hospitals and physician’s models.

    Read More

  • Cango Strategic Plan Paper

    641 Words  | 3 Pages

    The first focus for CanGo is to develop a vision and a mission statement which establishes the identity of the organization and what the executive management hopes to accomplish in the future. The corporate vision is a focal point for the employees of an organization as they will experience pulling due to everyday demands. The Book of Proverbs states, “Where there is no vision, the people perish” (Prov.29:18). Vision and mission statements is the decision maker of new ventures, if the new venture does not support the vision and mission statement, they are not to be considered.

    Read More

  • The Strategic Change Cycle

    1852 Words  | 8 Pages

    An organization may choose to adopt an extended term or brief term strategy. It would be in the organization best interest to devise and generate public value connecting the organization to its environment. At the ends the planners might want to not encourage a formal strategic plan or might seek it to move to the conclusion. This step places additional importance on adopting actions instantly after identification because they are needed. This is a simple step with not much too it.

    Read More

  • Tesco Training Case Study

    1007 Words  | 5 Pages

    This includes scheduled tasks, timetables, measures and checklists. Employees assess themselves by setting objectives in Activity Plans, Personal Development Plans and recording outcomes in Learning Logs. These continue to measure their improvement in performance after training. Activity Plans need to have SMART objectives: • Specific – describes exactly what needs doing • Measurable – has a target that can be measured against • Achievable – is possible within the trainee’s current role, skills and experience • Realistic – is achievable within the time and resources available • Time-framed – has a clear deadline.

    Read More

  • Tesla Social Responsibility Analysis

    715 Words  | 3 Pages

    It relates to the purpose of the company and what they want to achieve in the future. The mission goes beyond the vision as it explains the company’s goals and objectives more clearly. It also mentions how this will be accomplished. The last step is to create a strategy based on the defined vision and mission. (Miller, 2014) Tesla’s mission is ‘to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible’.

    Read More

  • The Organizational And Cultural Environment Of Tesco

    986 Words  | 4 Pages

    INTRODUCTION: The summation of activities that a business expects to carry out in order to attain longstanding objectives can be defined as organizational strategy. Combined, these activities forms a business’s strategic plan. Strategic plans are developed by various level of management.

    Read More

  • Swot Analysis Of Fast Food Restaurant

    843 Words  | 4 Pages

    INTRODUCTION Burger KAMI fast food restaurant which served to prepare the burgers were different from those found in Malaysia. Burger was necessarily meet the aspiration of the people of Malaysia for meat produced meat to make hamburgers come from fresh meat. We produce our own beef burger with certain processes to be used as a meat burger. We have the concept of serving fast food to suit local tastes with fast and efficient service in a comfortable and relaxing environment. Our company will also sell fast food service, eco-friendly appeal to the price conscious, health-minded consumers.

    Read More

  • Lelong. Swot Analysis

    1065 Words  | 5 Pages

    Vision points to the future, where the organization is headed to and what it can become. Vision statement clarifies the direction and strategic intent of a company. Richard Tan establishes Interbase Resources Sdn Bhd, which owns e-commerce Company Lelong.com, along with a vision that is the Internet is bound to revolutionize the way business is done. Therefore, the vision of Lelong.com is to provide an international online marketplace to connect the whole world. As he believed that technology, and especially the Internet, can change the way people interact with each other on the social front, in our transactional business relationship, with our suppliers, etc.

    Read More

  • Strategic Management: Strategies, Deliberate Or Emergent

    3600 Words  | 15 Pages

    The results of this process are plans (outcome-based instructions). The effectiveness of anticipation indicates whether planning is pointed in the right direction. Effectiveness of implementation: To put strategic plans into practice, the plans must be coordinated and communicated to executives in an appropriate way. Here, “implementation” refers to all such measures within the context of the strategic planning process.

    Read More

  • Personal Reflection: Work In A Team

    990 Words  | 4 Pages

    Beside, it is the target of our basic business and how you set a period of time to achieve your plan to make it successful in your business plan. Not because of this, it also helps you to understand how you plan to manage, make money and sustain our business. In business plan, we have to set a goals, marketing, strategies, sales plan, financial forecasts and so

    Read More

  • Economic Factors On Starbucks

    1109 Words  | 5 Pages

    First, set objective and charting the organization path is an extremely essential primary step to achieve organization objective. Howard and his partner apply path-goal theory in manage employees which means the effective leader clarify the path to help their followers get from where they are to the achievement of their work goals and make the journey along the path easier by reduce roadblock and pitfalls. This highly efficiency service performance tend to retain highly satisfy and trusting customer to Starbucks.

    Read More

  • Tesla Motivation And Motivation

    821 Words  | 4 Pages

    Organisations have long struggled to retain employees without pouring in too many resources into incentives, however there are many other factors that influence the motivation for an employee to work for an organisation. The following factors are very important to retaining employees: ➔ Vision and Mission: Each organisation has a vision set by its leaders, a ground basis on which it stands for. This vision is the key for driving innovation, research and development for the company. Vision is also the driving force and motivation for its employees, to push their limits and to outperform the competition.

    Read More

  • Essay On Importance Of Operation Management

    1486 Words  | 6 Pages

    It is the planning before the action. In includes many activities like making decisions, making strategy for organization etc. At this time strategic planning is an important part of strategic management. Strategy describes how the goal achieves by using the available resources or what kind of resources they need to achieve the goals. This strategy is used when the organization wants to set the goals and wants to make the planning to achieve these goals by available resources.

    Read More

More about Strategic Planning Vs Long Range Planning

Open Document