Published by:
Harvard Business Publishing
Length: 7 pages
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Abstract
A strategic planning system is a structured process that organizes and coordinates the activities of managers who plan. A strategic planning system develops an integrated, coordinated, and consistent long-term plan of action, and facilitates adaptation of the corporation to environmental change. The following six issues influence development of a strategic planning system: communication of corporate performance goals, the goal- setting process, environmental scanning, subordinate managers'' forces, the corporate planner''s role, and the linkage of planning and budgeting.
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Abstract
A strategic planning system is a structured process that organizes and coordinates the activities of managers who plan. A strategic planning system develops an integrated, coordinated, and consistent long-term plan of action, and facilitates adaptation of the corporation to environmental change. The following six issues influence development of a strategic planning system: communication of corporate performance goals, the goal- setting process, environmental scanning, subordinate managers'' forces, the corporate planner''s role, and the linkage of planning and budgeting.