Strategic Planning

Question 1

Strategic planning

Answer 1

Long term (5-20 years)
Scope: all aspects of the organization
Viewpoint: external 
To ensure the organization is doing the right things. Should be based on the vision and mission of the organization.

Question 2

Operational planning

Answer 2

Short term (1-5 years)
Scope: specific to the immediate actions that need to be taken to move the organization forward
Viewpoint: internal
To ensure the organization is doing things right.

Question 3

Business planning

Answer 3

Short term (1-5 years)
Scope: can be used to start a new business, expand a business, or terminate a business

Question 4

Resource planning

Answer 4

Midterm (1-10 years)
Scope: specific to the resource or resources defined in the plain
Viewpoint: internal
Can be comprehensive or focus on a specific resource.

Question 5

Organizational planning

Answer 5

Midterm (1-10 years)
Scope: specific to organizational structure
Viewpoint: internal
Reporting relationships, definition of responsibilities, definition of authorities

Question 6

Contingency planning

Answer 6

Short to long term (1-20 years)
Scope: specific to the particular situation
Viewpoint: both external and internal
Provides fall back options in case something doesn’t go as planned.

Question 7

Vision statement

Answer 7

What the organization wants to be at a future point, also used to define the mission of the organization

Question 8

Mission

Answer 8

Purpose of the company, written to create a sense of purpose

Question 9

Process of strategic planning: preplanning phase

Answer 9

Who should be involved, where the planning will occur, how much time and effort will be allotted?

Question 10

Process of strategic planning: planning phase

Answer 10

Analyze the situation with a SWOT analysis (where you are right now)

1. Vision
2. Strategies
3. Goals for each strategy
4. Objectives required to meet each goal
5. Tasks or action plans to complete objectives

Question 11

Process of strategic planning: post-planning phase

Answer 11

1. Communicating the plan
2. Implementing the plan
3. Monitoring progress once the plan is implemented