...Strategic and Operation Plans MGT/521-Management Strategic and Operational Plans Planning involves defining the organization’s goals, establishing strategies for achieving those goals and developing plans to integrate and coordinate work activities (Robbins & Coulter, 2012). Before planning can occur, review the mission and/or vision statement as the goals will reflect those statements. Another important aspect to planning is performing a SWOT analysis. A SWOT is an internal and external analysis of the organization’s strength, weakness, opportunities and threats. After a SWOT analysis has be performed, managers are ready to develop the strategic and operational plans by exploiting the strength and opportunities and reducing the threats and fixing the weaknesses. The strategic and operational plans will be based on the SWOT analysis. Strategic Plans The strategic plans establish the organization’s overall goals. For Pfizer, that is to be the premier innovative biopharmaceutical company. There are several way Pfizer can achieve that goal. One is by its large acquisition deals that will strengthen its R&D pipeline portfolio in the different therapeutic areas. Another is by utilizing this strong commercial infrastructure and sales infrastructure. Utilizing their external stakeholders such as doctors and patients, to gather information on their products via their sales force. The organization is well diversified geographically. A balanced revenue...
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...STRATEGIC MANAGEMENT AND OPERATIONAL GUIDELINES A User Guide for Public Sector Auditors in the Pacific Developed by PASAI in 2012 Pacific Association of Supreme Audit Institutions (PASAI): Strategic Management and Operational Guidelines Pacific Association of Supreme Audit Institutions (PASAI) 2 Pacific Association of Supreme Audit Institutions (PASAI): Strategic Management and Operational Guidelines Foreword The purpose of these guidelines is to provide assistance for Pacific Association of Supreme Audit Institutions (PASAI) members, especially heads of SAIs and managers to carry out their functions strategically, tactically and operationally. They do this by introducing the basics of planning, examining the types of objectives and differentiating the types of plans consisting of the corporate plan, strategic plan, business plan and operational plan for the management of their offices. PASAI recognises the importance of having these strategic management plans as it is top level management’s responsibility to define the SAI’s positions, formulate strategies and guide long term organisational activities. This is one of PASAI’s initiatives aimed at developing SAIs within the region. The guidelines have been produced to assist PASAI members in the effective, efficient and economic planning and management of their resources annually and in the long term. It provides guidance to SAIs in establishing and enhancing their strategic management functions. The guidelines...
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...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....
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...system. Controlling is a collection of methods of strategic management, planning, accounting, analysis and control, aimed at the achievement of the goals. The controlling system of economic governance is widely used in developed countries. The need for the use of controlling one of the following reasons: 1) Increasing external instability Wednesday, causing increased requirements in the management of the Organization; 2) The need to increase the Organization's responsiveness to the changing external Wednesday; 3) The need for the Organization of the framework of action to ensure the survival of the Organization and to the avoidance of crises. The...
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...Wal-Mart, Inc.: A Tribute to Sound Strategic and Operational Planning Ben F. Soares MGT/521 September 13, 2013 James Sternieri Company Overview: Wal-Mart, Inc. is a retail store that sells everything from clothing and groceries, to electronics, and computers. Established in 1969, the company employees 2.2 million workers, and operates 10,130 stores across 27 countries, which makes it the largest retail company in the world (www.marketline.com, 2013, p. 3-4). Wal-Mart’s net profits decreased by 4.2% to $15,699 million from 2011 to 2012, however; the company continues to grow, which is a tribute to their sound strategic and operational plans (www.marketline.com, 2013, p. 3). Mission Statement: Wal-Mart runs its business under the mission statement “We help people save money, so that they can live better” (www.ask.com, 2013, p. 1). This mission statement complements their company slogan, which states, “Wal-Mart. Always low prices. Always” (www.ask.com, 2013, p. 1). These statements help deliver Wal-Mart’s vision of operating as a low cost merchandiser, and form the basis for their strategic and operational plans. Strategic and Operational Plans: In order for Wal-Mart to achieve its goals it must formulate sound strategic and operational plans. Strategic plans are usually broad in scope, and deal with long-term objectives, usually three to five years (Warwick, 2013, p. 1). Operational plans tend to be narrow in scope, cover a one-year time frame, and outline a...
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...Organizational Planning MGT/521 May 6, 2015 Andrew Van Ness Strategic Plan Creating a strategic plan to enhance and grow your company means developing a road map to your company’s future. A good map can help to achieve your company’s goals. In the case of Activision Blizzard Inc., the goal of the company is to become the largest and most profitable game developer in the world. This goal will not be reached overnight. It requires a well-developed strategic plan supported by multiple operational plans. Strategic Plan - Defined In the business world, a strategic plan is a written outline. This outline compares the company’s goals with marketplace needs. It goes much further than a traditional plan. The strategic plan not only defines the goals, but also addresses how to utilize company resources and assets effectively to reach them. Positive results can be achieved through analyzing the business’s strengths and weaknesses, and acting appropriately on opportunities as they become available (Scott, 2015). Activision Blizzard Inc., created by the 2008 merger of Activision and Blizzard Entertainment, is one of the largest developers and publishers in the interactive gaming industry (Activision Blizzard Inc., 2015). Based upon Activision Blizzard Inc.’s SWOT analyses, the goal to become the largest and most profitable game developer in the world can only be achieved through an expansion in their current line of products. Strategically, the company has to increase the number...
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...planning used by managers, including strategic, tactical, operational and contingency planning. Terms, such as single-use plans, continuing plans, policy, procedure and rule, will also be defined. Planning to PlanHave you ever heard the saying 'Those who fail to plan, plan to fail'? While I can't speak to all facets of life, this is certainly true in business. Managers find themselves planning for all sorts of things. So much so, that planning is one of the four major functions of management. In doing so, a manager can be certain that he or she is working toward some organization goal. There are three main types of plans that a manager will use in his or her pursuit of company goals, which include operational, tactical and strategic. If you think about these three types of plans as stepping stones, you can see how their relationship to one another aids in the achievement of organizational goals. Operational plans are necessary to attain tactical plans and tactical plans lead to the achievement of strategic plans. Then, in true planning fashion, there are also plans to backup plans that fail. These are known as contingency plans. To better understand how each type of plan is used by managers, let's take a look at an example from Nino's Pizzeria and how Tommy, Martha and Frank carry out their planning responsibilities. Strategic PlansTo best understand the relationship between the different types of plans, let's start at the top. Strategic plans are designed with the entire organization...
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...Organizational Plans Brook Pritchard XMGT/230 May 22, 2015 Gary Cedrone There are three main types of plans that a manager will use in his or her pursuit of company goals, which include operational, tactical and strategic. If you think about these three types of plans as stepping stones, you can see how their relationship to one another aids in the achievement of organizational goals. Operational plans are necessary to attain tactical plans and tactical plans lead to the achievement of strategic plans. Then, in true planning fashion, there are also plans to backup plans that fail. These are known as contingency plans. Strategic plans are designed with the entire organization in mind and begin with an organization's mission. Top-level managers, such as CEOs or presidents, will design and execute strategic plans to paint a picture of the desired future and long-term goals of the organization. Essentially, strategic plans look ahead to where the organization wants to be in three, five, even ten years. Strategic plans, provided by top-level managers, serve as the framework for lower-level planning ("Types of Planning", 2015). Now that you have a general idea for how organizational planning evolves, let's look at the next level of planning, known as tactical planning. Tactical plans support strategic plans by translating them into specific plans relevant to a distinct area of the organization. Tactical plans are concerned with the responsibility and functionality of lower-level...
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...Introduction Benjamin Franklin is accredited for the saying “By failing to prepare, you are preparing to fail.” Winston Churchill is accredited for saying "He who fails to plan is planning to fail." Both are correct and relevant in today’s business environment. Planning is the cornerstone of any successful business. Today’s planning is governed by two leading processes, strategic and operational planning. I will review the attributes that both plans embody with relations to SWOT analysis conducted on Liberty Global Inc. Strategic and Operational plans for Liberty Global Inc. Strategic planning is a top-down approach provided by top management that defines; goals, objectives, and direction of the organizations for the next three to five years (Robbins & Coulter, 2012). It lays the foundations for growth, improving productivity, and to improve return on investment for the organization’s investors. Operational planning details how the organization will accomplish the goals, objectives, and strategies outlined in the strategic plan. Operational planning is a bottom-up approach that addresses the needs and performance of the organization in the short-term, one-year and under. It addresses the question, what are we going to do this year and how. The operational plan should be reviewed on a regular basis to ensure that it is on target. Liberty Global is the leading international cable operator. The company operates in 13 countries across Europe and in Chile. The company has...
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...Operational Plan James Sweeney MGT 601 The Functions of Modern Management Professor Dr. Key Baron Smith July 13, 2015 For the purpose of this paper we are going to assume that the Strategic and Tactical Plans are aligned with the operational plan. The operational plan is then the implementation plan of the Strategic and Tactical plan that has been developed and approved by mid and upper management. The name of the company is Sweeney’s Medical Device Inc. and employees approximately 200 employees and has annual; sales of $90 million.. The company has one manufacturing facility that is located in the United States. The company produces and manufactures medical instruments that are affordable for the medical industry. The following is a brief review of the planning process, vision, mission statement and values of the company are as follows: For a brief review the operational plan can be defined as a plan prepared by a component of an organization that clearly defines actions it will take to support the strategic objectives and plans of upper management. However, to fully understand operational plans, we should first look at the overall planning process within a business. This diagram shows three levels of planning. Type of Plan | Created By | Scope | Includes | Level of Detail | Strategic plan | Top management | Entire organization | Mission of the company, future goals and ambitions | Very broad and general | Tactical plan | Mid-level management | Single...
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...place at different levels within the organization? A plan is a blueprint for goal achievement and specifies the necessary resource allocations, schedules, tasks, and other actions. Planning means identifying goals for future organizational performance and deciding on the tasks and use of resources needed to attain them. In other words, managerial planning defines where the organization wants to be in the future and how to get there. (New Era of Management Richard L. Daft 10th edition) As how it shown on the figure above, there are four levels of goals and plans, namely mission statement, strategic goals and plans, tactical goals and plans as well as operational goals and plans. The planning process starts with a formal mission that defines the basic purpose of the organization. The mission is the basis for strategic (company) level of goals and plans, which in turn shapes the tactical (divisional) level and the operational (departmental) level. Top managers are responsible for establishing the strategic goals and plans that reflect commitment to both organizational efficiency and effectiveness. Middle managers such as the heads of major divisions or functional units are responsible for making the tactical goals and plans. A division manager will formulate tactical plans that focus on the major actions the division must take to fulfill its part in the strategic plan set by top management. Lastly, operational plans identify the specific procedures and processes needed at...
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...Implementing Strategic Management Processes to Manage Change within the Canadian Forces Military Police Scott A. Shannon MMPA 6465 - Strategic Planning: Collaboration, Cooperation & Coordination Walden University 25 November 2012 Abstract As a public organization, the Canadian Forces Military Police exist to deliver services defined by public policy. As an organization designed to deliver public services, this organization operates in an environment that is subject to frequent change due to situational variables defined by government policy and often, fiscal restraints due to reductions in public spending by government. Such change requires planning; therefore, this review will generally discuss the use of defined strategic planning processes within the organizational structure of the Canadian Forces Military Police. More specifically, this review will discuss various processes for defining operational mandates, defining strategic requirements to manage change, developing tactical implementation plans and strategies for implementing and monitoring the implementation of planned systems of change. Implementing Strategic Management Processes to Manage Change within the Canadian Forces Military Police The Canadian Forces Military Police (CFMP) is a component division of the Department of National Defence and is responsible for providing “professional police, security and operational support services” (CFPM) to the Canadian Forces worldwide. As a vital...
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...Planning Sheldon Martinez MGT/521 March 15, 2014 Anthony De veto Organizational Planning Netflix has become a very popular Internet-based choice for consumers who watch movies and television shows. Since the company started more than fifteen years ago, it identified and capitalized on the way television consumers prefer to watch movies and television. Netflix recognized that preference was quite simple, which is to watch television programs and movies without interruption from advertisements that you cannot escape when watching regular television. Since 1998, Netflix has set goals, implemented plans and strategies to become the leader of television network on the Internet and to maintain that industry position. This paper will examine the company’s strengths, weakness, opportunities, and threats analysis (SWOT) as well as recommend a strategic and operational plan to ensure Netflix remain the leader in Internet television networking. SWOT ANALYSIS A SWOT, which is strengths, weaknesses, opportunities, and threats analysis is a snapshot assessment of the current state of the company. It can highlight what the company does well or better than others as well as present the things the organization does poorly and areas in which improvements are necessary. Such analysis can also determine the various opportunities that a company can capitalize on. Just as important as the previous reasons, the analysis can provide information regarding the current threats that may...
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...Strategic and Operational Plan for Expedia, Inc. MGT520 Strategic and Operational Plan for Expedia, Inc. The SWOT analysis for Expedia, Inc. identified two goals that the company wanted to achieve. In this paper we will identify the two goals and apply a strategic plan to one and a organizational plan to the other. This will help develop a roadmap that the company can follow to measure progress of these goals and ultimately obtain success. The first goal identified was to own and power the best travel brands in the world. To this goal we will first apply a strategic plan. The operational plan would consist of first organizing and identifying the work steps needed to bring this plan to fruition. The first step would be to determine where the company currently is in regards to its strengths and weaknesses. In this case Expedia is strong in the area of already offering a broad range of service and travel offerings and it is also strong in the area of having a very large and diverse portfolio of travel brands. This would establish that Expedia would need to further acquire travel companies/agencies or partner with other competing travel agencies to continue to grow to become the world’s largest offering of travel services. Expedia would need to set a timetable of which companies to acquire and how long it would take to integrate these into its current portfolio. Once identifying where the company currently is, where it wants to the next step is to develop an action...
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...AutoZone’s Expansion Strategic and Operational Plan Blake L. Chambers, Jr. MGT 521 26 Oct 14 AutoZone’s Expansion Strategic and Operational Plan AutoZone is one of the leading distributors of replacement parts and accessories for automobiles, and they currently have their sights set on global expansion. They already have stores in forty-nine states and Washington, D.C., as well as Puerto Rico, Mexico and Brazil ("Autozone Real Estate", 2004--2014). Currently they are looking to expand with in the US as well their global presence by aggressively advertising in Mexico and Puerto Rico. AutoZone wants to add more stores in more markets, that is their strategic goal, and adding a new stores in new markets are operational goals that helps achieve that strategic goal. Strategic Plan AutoZone’s strategic goal is to add more stores in more markets, to accomplish this goal they need an overarching strategic plan. When developing a strategic plan, there are several variables AutoZone needs to consider. First they need to do a SWOT analysis and decide if they even have the ability to expand. According Marketline in their most recent SWOT analysis of AutoZone, one of their strengths is “Robust financial performance supports future expansion plans” (“AutoZone, inc. SWOT analysis” 2014, para. Strengths), and “Expansion of retail stores and hub store network could provide more business opportunities” (“AutoZone, inc. SWOT analysis” 2014, para. Opportunities). Based on this...
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