Levels of Corporate Planning and Innovation

In: Business and Management

Submitted By learner10
Words 2916
Pages 12
LEVELS OF CORPORATE PLANNING AND INNOVATION
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Executive Summary

One student in an Executive MBA class based his response on introduction of a self scanner in checkout terminals in a British supermarket to an assignment that required them to link a significant innovation that an organisation had introduced with strategic change in the organisation. The student failed the assignment. This report will examine the reasons why the student failed by looking at the differences between strategic, tactical and operational planning. The report analyses what causes the strategic changes in an organisation and what qualifies as strategic change. The report also discusses innovation and the different levels of innovation. This report also discusses whether the student was right to classify self-scanner checkout terminals as a significant innovation that could be linked to strategic change in the organisation.
Table of Contents
Executive Summary 2

1 Introduction 4

1.1 Business Policy 4

1.2 Strategic Change 4

2 Strategic, Tactical and Operational Planning 5

2.1 Statement of the Objective 5

2.2 Differences between Strategic, Tactical and Operational Planning 5

3 Innovation 8

3.1 What is Innovation? 8

3.2 Impact of innovation on growth strategies 10

4 Conclusion 11

Introduction

This report will identify reasons the student failed his assignment by looking at the levels of planning and strategic change as well as innovation. The first part of this report discusses in detail the three levels of planning: strategic, tactical and operational planning. The characteristics of each type of planning are given and comparisons are made. Clear differences and distinctions are made among these types of organisational planning while trying…...

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