4.Using plans as a standard for measuring performance.
Strategic planning is the process of setting a direction and documenting a plan for a business. It involves several phases, and each phase requires the collaboration of different departments within the organization. The involvement of employees during these phases is crucial because it helps to prevent inappropriate decisions. It is important to approach the process of moving from developing a mission to formulating a strategy gradually to reduce the probability of coming up with inappropriate strategies.
It is worth noting that strategic planning should not be used as a tool for controlling resources and making decisions. This approach is not the intended purpose of strategic planning. Instead, strategic planning should be used to set goals and objectives, determine the necessary resources, and develop a roadmap for achieving those goals. Furthermore, using a strategic plan as a measure of performance can be beneficial. It helps businesses to monitor their progress towards achieving their goals and objectives and make necessary adjustments to ensure they stay on track.
In summary, strategic planning is a crucial process for any business, and it should involve collaboration from different departments within the organization. It should not be used as a tool for controlling resources and decision-making, but rather as a tool for setting goals and objectives and developing a roadmap for achieving them.