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A Guide To Performance Management
Nowadays, a great significance is being given to Performance
Management, as companies incorporate them in their effective
management strategies. However, a lot of people find this
process a complicated one, mostly because of the many...
Debt Management Brings a Significant Change in Debt Scenario
Have you ever thought what would be the consequence of uncontrolled expenditure? While the desire to purchase continues to be unsatisfied, the income base gives up much earlier. The result is debts. Debts up to a certain level are admissible. Debts...
Effective Time Management for Work at Home Moms
If you work from home, you already know how difficult it can be.
You've probably had to deal with looming deadlines and mounting
work piles mixed in with laundry, squabbling kids and doctor
appointments. This article will help you keep your...
Real Estate Property Management Software
What is real estate management software? If you own three or more real estate properties, managing them takes a lot of time. To make it easier for yourself you can either hire a person to manage your real estate or get one of the real estate...
Why Just The Right PPC Campaign Management Brings in Lots and Lots of Cash
So you spent all your time and energy building the perfect
website. Now you want to share the fruits of your labor, and
maybe even make some money on the side through your online ads.
Maybe you have an online business that markets a hot...
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Strategic Planning Steps For Optimum Business Management
Strategic Planning Steps Overview
The Strategic Planning Steps philosophy/business system is an
organizational tool that is used by groups and corporations
globally to refine their goals and maximize their resources.
Drawing from the concepts of strategic military planning, the
Strategic Planning process is one way in which businesses strive
to attain a competitive edge. Strategic planning involves
defining goals, creating an adaptable business plan and
measuring core competencies of staff to increase productivity
and results. The understanding and implementation of Strategic
Planning Steps can significantly affect a company's ability to
maximize revenue and growth. The steps have been used
effectively in many fields of business, education and government
to formulate productive business systems and resource management
solutions.
Strategic Planning Steps Defined
While there are several different approaches to implementing
Strategic Planning Steps , most models use the following
definitions:
* Mission definition : The mission definition stage of Strategic
Planning encourages an organization to develop a brief
description of purpose to Inform potential stockholders,
employees and customers what they can expect from the company.
From the mission definition, a mission statement can be
developed that serves as a company's calling card and core focus
description.
* Vision/Trend Analysis : The next facet of Strategic Planning
Steps directs a company to analyze current market trends and
make committed decisions about where the business is heading.
Defining long term goals and visualizing the future of the
organization can help to focus current activities and important
financial decisions.
* Strategic Objectives : Once long term
goals have been set, the
strategic objectives phase consists of formulating actual
business plans to achieve the visualized goals. One acronym used
frequently in this stage of Strategic Planning Steps is SMART.
SMART stands for the type of objectives to be developed to fully
realize the company's long term goals. These objectives include:
o S - Specific objectives
o M - Measurable objectives
o A - Achievable objectives
o R - Resource-based, realistic objectives
o T - Time-frame assessed objectives
* Critical Success Factors : Important milestones and
achievements key to goal realization should be identified at the
critical success factor stage of Strategic Planning. Singling
out these factors provides an easy means for measuring the
ongoing success of the business plan.
* Actions to be Implemented : After critical success factors
have been identified, the next phase involves the development of
action plans need to realize success. Specific tasks and
organizations management strategies are designed to effectively
implement the business plan. Task management is often defined by
the core competencies required for each position in the company.
* Performance Analysis and Progress Measurement : The last of
the most common steps is comprised of formulating methods by
which to measure the organization's progress. Comprehensive
performance analysis tools and measurement criteria are
developed to effectively monitor the success of the current
system. These tools can be used to report both internally and
externally on the progress and growth of the company.
About the author:
P. Basauri is an expert author who writes for Strategic
Planning Steps
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About Management - business management - people management - and more |
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Management - Wikipedia, the free encyclopedia |
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Free Management Library |
Quality Management · Research Methods · Risk Management · Sales · Social Entrepreneurship · Staffing · Starting an Organization · Strategic Planning ... |
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Welcome to the American Management Association |
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Management |
International review on management research. Peer-reviewed, occasional. Ejournal, with tables of content, abstracts and full articles available on-line. |
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Society for Human Resource Management |
Advances the human resource profession to ensure that HR is recognized as an essential partner in developing and executing organizational strategy. |
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FEMA | Federal Emergency Management Agency |
Agency of the US government tasked with Disaster Mitigation, Preparedness, Response & Recovery planning. |
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FT.com / Business Life |
Account Manager. Recruiter: Financial Times. Part Qualified Management Accountant. Recruiter: Robert Half Finance & Accounting ... |
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Small Business Management: Advice and Guides |
Online guide to small business management. Find articles, advice and how-to guides. |
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Academy of Management Online |
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Business Management, Leadership and Decision Making Strategies and ... |
Provides business management articles, webcasts, online learning, and books as well as conferences focused on leadership and decision making. |
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Object Management Group |
Distributed object computing industry standards group founded in 1989. Defined standards include CORBA and IIOP. |
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Management Reading | Global Executive | Business | Economist.com |
The one management thinker every educated person should read Nov 17th 2005 ... The story of Emerson's successful management process is fascinating. ... |
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Emerald: Home |
Publisher of journals in management and library and information services, engineering, applied science and technology. |
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Yale School of Management |
The mission of the Yale School of Management is to educate global leaders for business and society. We pride ourselves in providing a hard-edged business ... |
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US Office of Personnel Management |
Official Federal Government site listing positions nationwide for special agent, federal police officers and related jobs. |
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Waste Management |
Waste Management is the #1 Residential and Commercial Trash Service Provider. |
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US Office of Personnel Management |
Includes federal jobs listings, upcoming events, numerous humans resources reports, news releases and additional official information. |
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