Strategic Planning

1. INTRODUCTION 1.1 Your going to create a road map of where the company is going. The owners set a general direction for the company through goals for the future, which normally are planned several years out. Succession planning is one example of these ownership goals. These blaze the trail for the operating managers to follow in setting specific plans. 1.2 Top management comes together to develop plans goals for the immediate year as well as for the next few years. The goals identified by the planning team are reviewed by the President for approval, to ensure they meet ownerships interests. This becomes the strategic plan, identifying where the company plans to go. 1.3 The strategic plan includes ...