Process Of Strategy Planning

What does mean?

A plan of action designed to achieve a long-term or overall aim.

OR

The art of planning and directing overall military operations and movements in a war or battle.

What does Planning Mean?

The process of making plans for something. OrThe process of setting goals, developing  strategies, and outlining tasks and schedules to accomplish the goals.

Combining Both Strategy Planning Mean

The definition of strategic planning is a process of decisions made by an organization to set goals and to outline a course of action to achieve those goals, to grow the business and to help the business be profitable.

Mission

Objective

Situation Analysis

Strategy Formulation

Implementation

Control

Process of Strategy Planning

Mission-: A organisation mission is its reason for being. The mission is often expressed in the form of a mission statement, which conveys a sense of purpose to employees and project a image to this world, In strategy it set a mood to organisation that what to do.

Example – Mar Orbiter Mission (MOM)/ Mangalyaan Mission of ISRO(Indian Space Research Organisation) was to reach at Mars

Objectives-:Objectives are concrete goal which the organization seek to reach. The objectives should se challenging but achievable, They also should be measurable so that organisation can monitor its progress and make correction as needed

MOM Objectives-:Is to develop the technologies required for design, planning, management and operations of an interplanetary mission 1. Technology Objective2. Scientific Objective

Situation Analysis-:• Once the organisation has specified its objectives, it begins

with its current situation to devise a strategic plan to reach those objectives. Changes in the external environment often present new opportunities and new ways to reach the objectives

• By this organisation get to know its own capabilities and limitation in order to select the opportunities that it can pursue with higher probability of success

• Situation Analysis have both factor External and Internal Environment

i. External Environment have two aspects-: Macro Environment- It affect all the firms, include

PEST analysis Micro Environment- It affect only the firm , include

firm operating

ii. Internal Environment consider following situation

Organisation cultureOrganisation image Organisation structure Key staffAccess of natural resourcesPosition on the experience curve Financial resources

Strategy Formulation-:Once a clear picture of the firm and its environment is in hand specific strategy alternatives can be developed. While different firms have different alternative depending on their situation

If we talk about MOM(Mars Orbiter Mission)When the team got clear view of the condition which will occur in the space while launching the Mangalyaan, they started developing the strategy, so that no hindrance occurs, and things goes in a plan way.

Implementation-:

For Effective implementation, it needs to be translated into more detailed policies that can be understood at the functional level of the organisation.

The Implementation phase involves identifying the required resources and putting into place the necessary organizational changes

Launching of MOM

Control:-• Once Implemented the result of the strategy need to

measure and evaluate with changes made as required to keep the plan on track

• Control system be developed and implemented to facilitate this monitoring

• Standard of performance are set, the actual performance measured, and appropriate action taken to ensure success.

Control center of ISRO,where Mangalyaan was controlled.

Thank You

Presented to-: SPS Bhadu SIr

Presented By-:Gaurav Solanki