Strategic Planning

Miss Smith

Niya Brock

Business Studies

Task 3

In this task I am going to talk about strategic planning. Strategic planning is basically the businesses aims and objectives. Strategic planning is an 's process of defining its , aims and objectives, direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Various business analysis techniques can be used in strategic planning, including SWOT analysis.

Strategic planning is a process that businesses do to try to drive and improved future results in the business by influencing the outside world or adapting current processes, decisions and programs so as to have more favorable outcomes in the external environment.

Strategic Planning

Tescos is a UK based international grocery and general merchandising retail chain. Their HQ is located in Cheshunt, England UK. Tescos originally specializing in food, it has into areas such as discount , , consumer . Tescos currently have 273,024 employees which are on the rise because of the increases of new stores and also a large increase in profits. Strategic planners at Tescos try to determines where the organization is going over the next year or more, how it's going to get there and how it'll know if it got there or not. Strategic planners at Tescos focus of a strategic plan is usually on the entire organization, while the focus of a business plan is usually on a particular product, service or program.

The NHS has employed about 980,000 full-time workers .The came into effect on 5 July 1948; subsequently it has become an integral part of British society, culture and everyday life. The costs of running the NHS (est. £104 billion in 2007-8) are met directly from general taxation from the government. Srtegic planners and the NHS determines where the organization is going over the next year or more and how it's going to get there. Typically, the process is organization-wide, or focused on a major function such as a division, department or other major function

Strategic planning is a very ...

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Strategic planning is a very important activity for the NHS. Strategic planning and decision processes should end with objectives and a roadmap of ways to achieve goals and objectives.

Strategic Planning Model

This is a model I have designed of the three simple steps to strategic planning

Strategic Analysis

Strategic Analysis can include conducting some sort of scans, or reviews, of the organization. Planners in Tescos and the NHS carefully consider various driving forces in the environment, for example, increasing competition and changing strategies. Strategic planners at Tescos also look at the various strengths, weaknesses, opportunities and threats regarding the organization.

Strategic planners in Tescos and the NHS carefully come to conclusions about what Tescos and the NHS must do as a result of the major issues and opportunities it faces. These conclusions include what overall accomplishments Tescos and the NHS should achieve, and the overall methods to achieve the accomplishments.

Objectives and goals at Tescos and the NHS should be designed and worded as much as possible to be specific, measurable, acceptable to those working to achieve the goals, realistic, timely, and rewarding to them, as well.

At some point in the strategic planning process strategic planners usually identify or update what might be called the strategic "philosophy". This includes identifying or updating the organization's mission, vision and/or values statements. Mission statements are brief written descriptions of the purpose of the organization. Mission statements vary in nature from very brief to quite comprehensive, and including having a specific purpose statement that is part of the overall mission statement. Many people consider the values statement and vision statement to be part of the mission statement.

Action Planning

Action planning is carefully laying out how the strategic goals will be accomplished. Action planning often includes specifying objectives, or specific results, with each strategic goal. It is a statement of what Tescos and the NHS want to achieve over a given period of time. Preparing an action plan is a good way to help you to reach your objectives in life.

Action planning in businesses like Tescos and the NHS involves setting specific, measurable and time targeted objectives. suggests that it is an effective tool for making progress by ensuring that emplyees are clearly aware of what is expected from them, if an objective is to be achieved. On a personal level, setting goals is a process that allows people to specify then work towards their own objectives - most commonly with financial or career-based goals.

SWOT Analysis

SWOT Analysis is a superior technique for identifying Strengths and Weaknesses in certain businesses like Tescos and the NHS. Swot analysis help businesses develop in a way that takes best advantage of their talents, abilities and opportunities. What makes SWOT particularly powerful is that with a little thought, it can help businesses to uncover opportunities that they are well placed to take advantage of. And by understanding their weaknesses, they can manage and eliminate threats that would otherwise catch them unawares. Therefore it decreases the chances of mistakes therefore increasing productivity which increases sales which increase profit. The Strengths and Weaknesses for Tescos and the NHS may include: