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STRATEGIC PLANNING
Strategic planning
The first activity in management control process, sequentially
CHAPTER 8
Strategic Planning
The process of
deciding on new
strategies
a.
b.
Develops programs
that will carry out the
main strategies and
achieve the goals
efficiently and
effectively
a.
A creative, innovative
way of thinking is
strongly encourage in
its process
c.
d. Unsystematic
was unsystematic
but failed
c.
Institutionalized
c.
Systematic
Strategic Planning
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in service organizations
Strategic plan typically covers a five future years
Functioned as a catalyst
The system designer should take this style issue into account
organization
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ideas
evaluation systems
Rules
Avoiding manipulation
Model
useful areas
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2.
3.
4.
1.
During the year, decisions that change the strategic plan may
be taken
Income statement
Inventory, account receivable, and other key balance sheet items
Number of employees
Quantitative information about sales and production
Expenditure for plant and other capital acquisition
Any unusual cash flow
A narrative explanation and justification
4.
5.
6.