| Strategic planning is vital while starting a | | | | this segment we should concentrate on where |
| new business or expansion of an business or | | | | the organization should be going rather than |
| planning to boost the performance of an | | | | how it should get there. The vital issues |
| existing business. But it requires detailed | | | | facing the organization are, to achieve its |
| strategic planning and controlled deployment | | | | mission should be basis for this |
| activities. Strategic planning is used to | | | | segment.Tracking key strategic thrustsThis |
| delivers its value proposition and achieve | | | | step produces the inventory of key strategic |
| its mission.The main difference between | | | | thrusts that are emphasized to address the |
| Strategic planning and long term planning is | | | | vital issues.AccomplishmentA evaluation with |
| long term planning is developed based on the | | | | the current strategy should be carryout at |
| current scenario but in strategic planning we | | | | this segment. An assessment of the structure |
| anticipate future changes.These are the | | | | and operations of the business must be |
| fundamentals of strategic planning.Business | | | | carried out to ensure whether it is jelling |
| MissionThe mission statement identifies | | | | with the new business objectives. These are |
| purpose of the business and the reason for | | | | the list of department has to be |
| its existence. The mission statement, the | | | | examinedResource distribution has to be |
| organization prospect, ensures realiability | | | | checked. Whether enough resources are |
| and clarity of purpose throughout the | | | | available for next financial year. |
| organization. The business mission | | | | Organization formation has to be appropriate. |
| definitions shoule not be confusing, if the | | | | Whether the jobs are defined propely. There |
| perspectives are confusing which leads to | | | | are proper committee are there to deal with |
| incorrect decision making.Strategic ResearchA | | | | the stage. Proper communication systems. |
| Strategic research and understanding of your | | | | Whether the organization communication |
| marketplace, your financial perspective and | | | | management is effective?. People accountable |
| capabilities forms the foundation for the | | | | is to there. wherether people identified as |
| strategy development process. From the | | | | "in charge" of each objective. Clear |
| analysis, applying creativity, developing a | | | | incentive systems. How will people be |
| strategy map will produce a number of options | | | | recognized or receive incentive for achieving |
| and opportunities that can be used to build | | | | results?Ramki is with Axsellit Technologies |
| and implement a solid strategic plan for new | | | | Business Software. |
| or existing markets.Strategic ProcedureIn | | | | |