Topic: Managing Resources & Operations
Managing Resources & Operations
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The essence of a strategic management plan in any business organization is indisputable. The role that the strategic plan plays can not be refuted and there is nothing that can be able to replace it. The plan acts as the guideline; it is the one that gives the organization the direction that it should be able to follow if it has to achieve its set goals within the stipulated time period (Kazmi, 2008). Generally, strategic management planning involves the formulation, the implementation and the evaluation of cross sectional decisions that will make it possible for the organization to achieve its set objectives. By formulating, implementing and control the numerous goals within the organization, the entity is directed towards the achievement of the strategic goods by making use of the business internal and external environment. In coming up with a strategic plan, Precisions is supposed to formulate the firms mission, its objectives, analyze the general business situation, formulate a strategy and implement. The plan is the companys guideline.
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