Benefits Of Strategic Planning

 BENEFITS OF STRATEGIC PLANNING

  • Allows your organization to act proactively and not reactively.
  • Give the whole team a sense of direction.
  • Increase profitability and market share of the business.
  • Increase business longevity.
  • Increase job satisfaction by giving meaning and purpose.
  • Establish differentiation and avoid competitive convergence.
  • Allows you to make better decisions.
  • Increase operational efficiency.
  • Identify and establish priorities for the organization.
  • Establish a structure to coordinate and control activities.
  • Reduces adverse effects and changes.
  • Allows all decisions to be aligned with the objectives.
  • Reduce time and resources spent correcting poor decisions.
  • It facilitates the distribution of time and resources.
  • Encourage better communication between team members.
  • It gives a basis for establishing individual responsibilities.
  • It offers an operational method to deal with problems and opportunities.
  • Encourage a good attitude towards change.
  • Provides a high degree of discipline in the management of the organization.






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References

 BIBLIOGRAPHY https://corporatefinanceinstitute.com/resources/knowledge/strategy/strategic-planning/ https://www.bbgbroker.com/strategic-planning-process-6-steps/ https://gestion.pensemos.com/que-es-la-planeacion-estrategica-y-para-que-sirve https://balancedscorecard.org/strategic-planning-basics/ https://en.wikipedia.org/wiki/Strategic_planning
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