The Process of Strategic Management and Planning

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Table of Contents

Managing change Setting The Standard
Strategic Processes and planning
References

Managing change Setting The Standard

This company is a quality service oriented organization. To achieve its specific objectives, benchmark follows these simple steps;

Organizing the team;
analyzing the situation of the market;
strategize on how to reach the destination;
align, adjust through delegation, training so as to reach to the set goals.
rovide the best available health care personnel in the home and health care sector.

These activities go simultaneously, to help the organization realize its mission.

Managing change Setting The Standard

Strategic Processes and planning

Planning is one of the core functions of a manager. It involves the organisation of various parts of an organisation towards common goals and objectives. The planning process starts from the management, only to be implemented by line workers. Through the use of strategic planning, companies are able to meet their goal of profit maximisation. Through this, the broader perspective of the organisation is spelled out to the employees. They clearly understand their role in the organisation. Through well understood roles and functions, employees are motivated to excel. The relationship between employees and customers is reengineered. The major function of strategic management in Benchmark Care Company is to mix various functional branches of an organisation fully and ensure they are harmonised. Well harmonised departments correlate to produce efficiency and effectiveness.

Through strategic management, the progress of the organisation is kept under watch. The realisation of goals and objectives is clearly marketed and monitored through strategic management. Financial planning forms one of the major pillars in an organisation. Financial capability determines the initial propelling of an organisation. These financial factors fall within the equity base of an organisation. Well managed and planned equities lead to profitability and wealth creation. The financial manager is endowed to manage the funds provided it maximises profits and increases their wealth. Through the use of these tools, competitiveness within the global market gets hot. Managements should emulate and apply the use of strategic management and planning in the daily management of organisation activities. Achievement of various objectives of the organisation starts with a path and guidelines on the direction to take. Therefore, strategic planning and management should be used prior to creating a successful organisation (Womack & Jones, 1996).

Strategic Processes and planning