The practice of administrative studies refers to managing the various tasks of the business. This page helps and makes the work of the manager easier, as the various tasks can be handled in an easier way.
Strategic planning is an organization’s process of planning in advance about the company’s future tasks or the work which needs to be carried out. This carries out a lot of activities which includes:
Formulation and Implementation of Plans:
Strategic planning includes the formation or the setting up of the plans of the organization and the implementation the same formulated plan. The plans for the organization are made by keeping in mind the future needs of the organization. Plans are futuristic in approach, in an effort which is laid down by the company to handle the unforeseen risks both involving the inside and the outside risk.
Allotment of Resources:
As per the plans are done about the company the resources are accordingly assigned to the various tasks of the organization. The resources are allocated as per the need of the process. The resources include financial resources, human resources, etc.
Once the planning process is done the last stage of the planning process is the step of controlling. Controlling is basically looking back, making a check if the plan is properly being followed by the company or not. In case, of any difficulty in the plan made it is rechecked by the managers. Even making a check on if the allotment of the resources was done correctly by the management or not. Controlling is followed up a step once the planning process and the implementation process is over.
Clearly Defined Purpose:
The purpose or the objective of the planning process of the organization needs to be clearly mentioned by the manager while drawing the plan. Once the purpose behind the planning process is clearly stated, the process of planning becomes easier to be carried out in the organization.