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Strategic Opportunities and Constraints in Planning

   

Added on  2022-12-23

13 Pages3045 Words97 Views
Leadership ManagementProfessional Development
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Running head: STRATEGIC OPPORTUNITIES AND CONSTRAINTS MANAGEMENT
FACES IN PLANNING
STRATEGIC OPPORTUNITIES AND CONSTRAINTS MANAGEMENT FACES IN
PLANNING
Name of the Student
Name of the University
Author Note
Strategic Opportunities and Constraints in Planning_1

STRATEGIC OPPORTUNITIES AND CONSTRAINTS MANAGEMENT FACES IN PLANNING
1
Executive Summary
The report states making and implementing strategic planning for the growth of the organisation
in the future. It contains the opportunities and constraints that the Board and the Executive
Management face while planning the strategies for the future development and effective
functioning of the organisation. It states the impact of these opportunities and constraints on the
planning for the proper implementation of the organisation vision.
Strategic Opportunities and Constraints in Planning_2

STRATEGIC OPPORTUNITIES AND CONSTRAINTS MANAGEMENT FACES IN PLANNING
2
Table of Contents
Introduction......................................................................................................................................3
Critical analysis when planning strategically for an organisation's future......................................3
Strategic opportunities considered while planning about future strategic direction....................4
Limitations while planning the future strategic direction............................................................6
Its impact on planning in the strategic direction for an organisation's future..............................8
Conclusion.......................................................................................................................................9
Reference.......................................................................................................................................10
Strategic Opportunities and Constraints in Planning_3

STRATEGIC OPPORTUNITIES AND CONSTRAINTS MANAGEMENT FACES IN PLANNING
3
Introduction
The essay aims to include the analysis of the strategic planning in developing, controlling
and maintaining a balance between the organisational goals and the available resources in the
competitive market. An effective organisation has several strategies that are aligned with each
other for the growth of the organisation. It highlights the opportunities considered by the Board
and the Executive Management when planning the strategic direction for the future of the
organisation. The product development, cost leadership, external environment, and digital
strategies are the opportunities that are considered while creating the strategic plan of the
organisation. The constraints or limitations hinder organisational growth and countermeasures
and strategies for efficient management. The report states the constraints faced by the
management while implementing the strategies for the effective working of the organisation. The
constraints include time, resource, budget, technology, incomplete data and lack of leadership.
The report also includes the impact of these opportunities and constraints collectively in the
strategic planning and implementation process for the future direction of the organisation. It
states that the actions must be taken for the proper implementation of the organisation vision that
accelerates the growth of the company.
Critical analysis when planning strategically for an organisation's future
The organisation needs strategies for its growth and development as well as to sustain
that continuous growth. The formulation of a strategic plan is a key component that helps in
planning the vision for the operational expansion of the business for the future. The strategic plan
helps in preparing realistic and achievable goals and objectives that measure the timelines,
progress, and budgets in maximising the potential growth of the business (Grant, 2016). The
Strategic Opportunities and Constraints in Planning_4

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