Strategic management is the continuous planning, analysis, monitoring, and assessment of all that is necessary for an organization to meet its visions, missions, goals, and objectives.
The effects of an increasingly digitized world are now reaching into every corner of businesses and every aspect of organizations. Organization of the Future is an organization designed openly for anyone with ideas on how human organizations ought to be contrived in the face of the strategic imperatives of the digital era. The work is not the place you go, but a live organization and an experiment lab you can connect the dots to explore the art of possibility.
Planning, Goals, and Objectives
Scenario planning and strategy Scenario planning also called scenario thinking or scenario analysis, is a strategic planning method that some organizations use to make flexible long-term plans. (Wikipedia). The value of scenario planning is to uncover significant risks in the strategic plan. Assuming the risk is indeed significant, then the question of how far do you go to create contingency plans to address the issues.
Strategy Planning vs. Strategy Management Strategic planning is the process of determining the strategy and how it will be implemented. Strategic management is the continuous planning, analysis, monitoring, and assessment of all that is necessary for an organization to meet its visions, missions, goals, and objectives. Strategic management can include strategic planning but also includes the actual implementation, evaluation, and modification of the strategy. There is absolutely no doubt that many people use the terms very imprecisely and that often blurs the lines between the words and results in confusion. In more detail, what are the differences between strategic planning and strategic management?
Goals vs. Objectives: Can you Guarantee Achievement of them? The term OBJECTIVE really starts out in the publication of "The Practice of Management" by Peter Drucker. He defines the term ‘objective as the larger 'endpoint'. He further defines OBJECTIVES as being achieved through a sub-collection of 'supporting goals' - the children of the parent objective; and then the story further illustrates that 'objectives' are 'owned' by the 'institution 'the team' and the corporation, the organization. Goals are owned by individuals as personal contributions to the 'collective achievement' of the Objectives.
Event Driven Process vs. Goal Driven Process Event-driven processes are processes that are defined in terms of a series of triggers, whereas goal-driven processes are defined in terms of specific milestones and outcomes (goals). It is a viewpoint that differentiates the structured business processes and ad hoc (unstructured) case management processes commonly associated with knowledge workers.
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