Importance of Strategic Planning in Organizations

Running head: STRATEGIC PLANNING IN ORGANISATIONS
STRATEGIC PLANNING IN ORGANISATIONS
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1STRATEGIC PLANNING IN ORGANISATIONS
Introduction
The strategic planning within an organization refers to the processes that are followed by
the organization in defining the strategy or the direction that is followed by the concerned
organization. The strategic planning of an organization further deals with the decision-making
processes that are followed by the organization. These might involve the decisions that are
undertaken by the concerned managerial department of the organization on the matters that are
related to the allocation of the various resources that might help in the attainment of goals that
have been set by the concerned organization (Cassidy 2016). The strategic planning within an
organization is necessary in order to deal with the matters that are included in the achievement of
the goals that have been set by the organization. The following essay attempts a discussion on
the matters that are related to the importance of the strategic planning on the part of the
concerned management of the organization.
Body
The strategic planning within an organization might be defined as the processes that are
followed by the organization in defining the strategy or the direction that is followed by the
concerned organization. The strategic planning of an organization further deals with the
decision-making processes that are followed by the organization. These might involve the
decisions that are undertaken by the concerned managerial department of the organization on the
matters that are related to the allocation of the various resources that might help in the attainment
of goals that have been set by the concerned organization (Whittington 2017). The strategic
planning of an organization further tends to deal with the matters that pertain to the setting of the
goals in a way such that the concerned members of the workforce of the concerned business
organization tends to work towards the achievement of the goals that have been set.
The strategic planning further takes into consideration the matters that pertain to the
sequential arrangement of the goals of the organization in a manner such that the organization
might achieve the visions that has been stated by the concerned company. The goal of the
strategic planning process is the creation of a strategic plan (Wolf and Floyd 2017). The strategic
plan of an organization attempts an articulation of the decisions on the goals that the organization
needs to achieve. The strategic plan further moves on to discuss the matters that are related to the
processes that are adopted by the concerned organization in order to achieve the goals that have