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Strategic Enterprise Planning Implications

Strategic Enterprise Planning Implications on Business 

Organizations plan aims at taking advantage of the future opportunities and benefits. This calls for proper strategic planning for the organizations to align their performance with the planned goals. This paper will discuss how strategic enterprise planning impacts the performance and the operations of the business. Strategic enterprise planning process is usually employed by the businesses specializing on service provision (Vancil & Lorange, 2015). Ideally, it involves on focusing on the processes needed to develop strategies and plans for the service provider business. The planning process involves applying a strategic planning that will determine the focus and the business of an enterprise (Schoeffler, Buzzell, & Heany, 2014). Moreover, there are crucial issues such as marketing the enterprise, the financial requirements, information technology needs and others are also addressed during strategic planning. Enterprise planning establishing and coordinates all the essential critical activities that will facilitate the working of the business with all major units of the enterprise. The process and activities observed during the strategic planning assists in driving the enterprise’ mission, vision, objectives and goals.

The importance of the strategic enterprise planning in the business context cannot go unnoticed. Based on its simple definition as the road map that an organization relies to execute its strategy, the strategic enterprise planning helps the businesses to achieve their businesses in an efficient and effective way. An element of plan embraced in the strategic planning illustrates the direction of the organization in future. According to Kraus, Harms, & Schwarz (2012) a strategic plan is one of the most management fundamental tools that helps the organization to execute an excellent job. This is because strategic planning ensures that resources are allocated appropriately and people with the organization align their time and engages with the focus on the organization. With strategic planning in place the roles of each employee in the business are well understand the probability of consultations and confusions are greatly reduced. In fact, strategic enterprise planning determines where the organization will be either in a year or after a few years to come: END OF PREVIEW ORDER YOUR PAPER NOW

Sources 

Raduan, C. (2012). A Conceptual framework of the relationship between organizational resources, capabilities, systems, competitive advantage and performance. Research journal of International Studies, 12, 45-58.

Schoeffler, S., Buzzell, R. D., & Heany, D. F. (2014, March 14). Impact of Strategic Planning on Profit Performance. Retrieved from Harvard Business Review : https://hbr.org/1974/03/impact-of-strategic-planning-on-profit-performance

Vancil, R. F., & Lorange, P. (2015, January 12). Strategic Planning in Diversified Companies. Retrieved from Harvard Business Review : https://hbr.org/1975/01/strategic-planning-in-diversified-companies

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