Long-Range Planning: Why strategic management and the balanced scorecard?

Long-range planning dealing with facility planning, capital investment, location planning, etc. medium-range planning deals with demand forecast and capacity planning and lastly short term planning dealing with day to day operations.


While there are some specific blocks that should be part of every practice, its up to you to structure the session to meet the needs of your individual team. A strategic sourcing plan requires procurement to assess and manage the change so that the benefits of the procurement strategy are realized. Directs short- and long-range planning for fleet operations and acquisitions, customer service, and fiscal issues.


The administrative process that takes place within a manufacturing business and which involves making sure that sufficient raw materials, staff and other necessary items are procured and ready to create finished products according to the schedule specified. Strategic planning allows your organization to make fundamental decisions or choices by taking a long-range view of what it hopes to accomplish and how it will do so.


Sales and operations planning (SOP) is a popular process that aligns a companys diverse functions while balancing supply and demand. Strategic planning. And also, assumes that your organization must be quick to respond to a dynamic, changing environment, which may require changes in the future. Data flow between all processes, process groups, knowledge areas, and external to the project.


Plan, analyze, and discover at a level of detail that scales to meet the rigorous demands of your business. A strategic plan is built on a thorough analysis of organizations existing structure, governance,. Strategic planning is defined as long-range planning that focuses on the entire organization. One of the most straightforward is the SWOT analysis, SWOT being an acronym for strengths, weaknesses, opportunities and threats.


In order to plan for the future, you first need to reach a common understanding of the present circumstances. The extrapolation for achieving interim goals starts with current status, projected status roadmap, includes short-term operational as well as tactical plans. If your business is planning to do a website redesign, outlining a flow chart will help you better plan on how the website experience will look for the visitors and how to go about designing and developing all of the necessary components.


Future plans, amendments, long-range policies, strategies, programs, and short-range development project requirements and prepares and evaluates development alternatives. The marketing plan also covers the current position of the business, its target market and a set of marketing tools or marketing mix that business will use to achieve marketing objectives.


Long-range planning is usually considered to assume present knowledge about future conditions. The annual plan to be developed for each year presents activities that support the long-range plan. Determine the priorities of strategic planning and strategic management among top management in your organization. Intergovernmental coordination and preparation are critical first steps to resilience planning with multiple jurisdictions.

Want to check how your Long-Range Planning Processes are performing? You don’t know what you don’t know. Find out with our Long-Range Planning Self Assessment Toolkit: