Planning is the process of setting objectives and deciding on the methods to achieve them.
Strategic Planning is long-term planning lasting for 3 to 5 years. It is undertaken by the top level management.
Examples of Strategic Planning includes:
Tactical Planning refers to Medium Term Planning that lasts for 1 to 2 years, which is undertaken by the Middle Level Management. The aim of Tactical Planning is to implement the strategic and/or corporate plan that has been set out by the top-level management. Tactical Planning is carried out at the department or divisional level.
Examples of Tactical Planning includes:
Operational Planning refers to lower level or front line planning. This can be undertaken on a regular, short-term basis, which may be daily, weekly or monthly. This type of planning is usually carried out by the supervisors or leadings heads of the front-line or lower level management. Operational Planning follows the general direction that is set out by the higher levels of management and is often practical or technical in nature.
Examples of Operational Planning includes:
The process of planning should follow this process.
A SWOT Analysis involves the identification and analysis of the internal strengths and weaknesses of the organisation as well as the opportunities in, and threats from the external environment.
It is a useful tool in the planning process. It can allow for strategies to be formed based on the current situation the organisation finds itself in based off the internal and external environments.
An example of how a SWOT Analysis may be conducted within an organisation is:
STRENGTHS – INTERNAL ENVIRONMENT
WEAKNESSES – INTERNAL ENVIRONMENT
OPPORTUNITIES – EXTERNAL ENVIRONMENT
THREATS – EXTERNAL ENVIRONMENT
Want to suggest an edit? Have some questions? General comments? Let us know how we can make this resource more useful to you.