Importance of Strategic Planning and Management in the Business Environment

The small stemma that I would like to start is a Pet Shop to sell and deliver small blood dogs, and to sell pet food, supplies and personalized gift baskets. The Pet take a shit leave al oneness also provide its customers with small dog?s spa, canine obedience training and routing vaccinations.

strategicalal caution and provisionstrategic Management and Planning is a set of decisions and actions formulated to align good deal and resources together with the purpose of ensuring the future success of the placement. In addition, Strategic Management and Planning involves, planning, directing, organizing, and controlling the company?s strategy. Strategic management, consist of three processes that entail corporate business, functional direct planners, and support personnel. (Pearce & Robinson, 2004)Strategic Plan ImportanceIn today?s business environment a strategic business plan is inborn due to the high failure rate of small businesses. It has been insure that small businesses without a business plan are close likely to fail. A strategic business plan will help the organization define its mission and vision, giving the organization a sense of purpose and direction. In addition a strategic plan will help the organization asses its strengths and weaknesses, and devise short-term strategies that are compatible with long-run objectives. A strategic plan will balance the use of resources, people, structures, and technologies in place to achieve company goals with the least amount of risk.

Four Functions of ManagementPlanning is the low gear function of the management process, as without effective planning one cannot effectively organize, control or lead the organization. Planning is employ as a tool to help identify emf opportunities and threats as well as to reduce long-term risks. Planning is also used to more effectively establish goals and objectives for long-term success and ensure that the organization use all its resources toward achieving its goals.

Organizing is the act function of...

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