Strategic Planning: Review of Organizational Strategies and Plans

This report delves into the realm of strategic planning, emphasizing its fundamental role in organizational success. It highlights the importance of regularly reviewing and updating strategic plans to adapt to market changes and achieve business objectives. The report explores various tools for strategic analysis, including SWOT analysis, Porter's Five Forces model, and balanced scorecards, which are essential for evaluating an organization's market position, identifying competitive strengths and weaknesses, and monitoring the effectiveness of strategic plans. The report reviews the position of an organization within its market and analyzes the competitive strengths and weaknesses inherent in strategic plans. The report summarizes that strategic planning is a crucial activity undertaken by organizations to navigate challenges and capitalize on opportunities, ultimately contributing to market success. The references are also included in the report.

STRATEGIC PLANNING

Table of Content
 Introduction
 Importance of review in developing organisational strategy and business plans
 Tools which can be used to review organisational strategy and business plans
 Review the position of an organisation in its current market using appropriate tools
 Analyse the competitive strengths and weaknesses of strategy and business plans
 Conclusion
 References

Introduction
Strategic planning refers to the formulation of business strategies executing them and evaluating them on
the basis of organisational objectives. This concept put emphasis on integrating several business
departments such as finance production marketing Information System research and development and many
more to achieve the goals of organisation.

Importance of review in developing organisational strategy and
business plans
It is important to review and update the strategic planning with the prominent ideas in order to collect
and brush up the existing information and knowledge for the growth and development of organisation
by bringing prominent changes within the company. In terms of vista there analysis mint is from entry
design according to the leadership of company and also takes the progress of stock. According to the
respective company it is important the strategic and annual plans in order to become more successful
within the organisation and also provide strategic direction. Moreover it is also important in terms of
Corporate governance framework as in this company have personal responsibilities according to the
actions of company considering the powers as well.

Tools which can be used to review organisational strategy and
business plans
In order to review the strategy of organization and business plan there are various tools that are useful
such as planning as it is useful in measuring the position and wealth of Vista and also guide it towards
the future. In addition to this there are four prominent tools that are useful in reviewing the business
plan and the strategy of company including SWOT analysis porters five Force model and balanced
scorecard. These tools describe the strength weaknesses opportunities and threats of the strategy and
plan and also describe the competitive forces that are engaged and should be considered in the strategic
planning. Moreover balanced scorecard is useful in monitoring the implementation and effectiveness of
strategic plans and also useful in tracking the progress strategic planning goals in order to make sure the
appropriate focus on all the relevant areas.

Review the position of an organisation in its
current market using appropriate tools
With the help of selected tools and methods which are described above section planning is useful in
order to review the overall position of organization with the current market. In this context Vista make
proper planning and forecast the sales and growth regarding their current product which they want to
launch in the market. Moreover with the help of their past record and experiences company can also use
various methods such as questionnaire survey and feedbacks what is useful for company in order to
analyze their current position within the market and also helps them to know about the preferences and
demand of their customers.

Analyse the competitive strengths and
weaknesses of strategy and business plans
 Strengths: In relation with Vista it is beneficial to make business plans and competitive strategies in
order to become the leader of market and also useful in eliminating existing risk factor which can be
faced by the company. The business plans and strategies are developed by analysing the various
environmental factors and there concerning the scope which can become the strength of complete
regarding their survival.
 Weaknesses: By analyzing the weakness of business strategy and plans it is determined that these
plants and strategies are developed under the guidance and supervision of specialist and experts which
can become quite costly for the company and can bring downfall in their profit ratio.

Conclusion
Therefore from the above report it is summarized that strategic planning is considered as
the fundamental action which is undertaken by various organizations in order to deal with
the various situations and make business potentials to become successful within the
market. Moreover, reviewing the importance of organizational strategy and business
strategy and its prominent tools are discussed.

References
 Charest, F., Bouffard, J. and Zajmovic, E., 2016. Public relations and social media: Deliberate
or creative strategic planning. Public Relations Review, 42(4), pp.530-538.
 Kaiser, M.M., 2018. Strategic planning in the arts: A practical guide. Brandeis University
Press.

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