Organisational Strategy Planning PDF

Strategic Planning

Table of Contents
INTRODUCTION ..........................................................................................................................1
TASK 1............................................................................................................................................1
Organisational vision, mission, strategy and business plan, with relationship......................1
The way external factors affect organisations and how these changes in external environment
affect organisational strategy..................................................................................................2
How stakeholder expectations influence organisations..........................................................3
TASK 2............................................................................................................................................4
Mission and vision of Vista Company...................................................................................4
TASK 3............................................................................................................................................5
Importance of review in deploying organisational strategy and business plans....................5
Tools which can be used to review the organisational strategy and business plans...............5
TASK 4............................................................................................................................................7
Strategy options (modelling tools).........................................................................................7
Criteria for reviewing the potential strategy options..............................................................8
TASK 5............................................................................................................................................8
Structure of a plan needed for delivering the strategy............................................................8
Involvement of stakeholders in the formulation of plan........................................................9
A dissemination process to ensure the successful implementation of a strategic plan..........9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11
.......................................................................................................................................................11

INTRODUCTION
Strategic planning refers to a process of articulating the business decisions which are
made for achievement of specific goals and objectives. It describes ways that aid an organisation
in attainment of its mission, by providing a guidelines to leaders in moving the company's
decision towards same (Stein, 2018). The present assignment entails how strategic planning
helps an organisation in operating its business successfully. For this process, Vista Company is
chosen that deals in consultancy sector and provide business solutions like audit, tax, financial
advisory, enterprise risks and more, to other organisations. In order to construct strategic plan for
this company, its management is going to review the mission and vision statement of company,
by collaborating with one of its Singapore team. With this assistance, they also work on
analysing impact of external factors and changes in business environment that affect
organisational strategy of given company. For this process, some tools are also described under
this assignment to review its business plan and strategy, that help in analysing its strengths and
weaknesses as well.
TASK 1
Organisational vision, mission, strategy and business plan, with relationship
To perform strategic planning, it is essential for management of a company to have a
clear knowledge about some key specific terms. It includes vision that describes purpose behind
running the business and mission statement which entails type of business where company deals
(Schiffer and Walther, 2018). Since, without a proper mission, vision of an organisation cannot
achieve in described way, therefore, both are termed as interconnected with each other. A vision
statement describes the company's future i.e. what an organisation wants to achieve. This would
help in engaging associated people towards achievement of business objectives by providing a
specific direction as well. Similarly, mission statement defines purpose of existence of an
organisation as well as base for setting the goals and allocation of resources. For this purpose, to
define what is company's mission, it is essential to identify scope of products or services with
audience whom it is targeting first (Salas and Yepes, 2018). This would help managers of a
company can formulate effective strategies and business plan to run in successful manner.
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