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