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BBA 3rd Year Corporate Planning Long Question Answer

BBA 3rd Year Corporate Planning Long Question Answer

‘philosophy’ of organisation.

(e) Goals and Strategies: Lists all of the major strategic goals and associated strategies

identified during the strategic planning process.

Note that it is wise to distribute copies of the plan to major stakeholders (investors/funders, trade associations etc). Therefore, you should organize the format of the plan such that the body of the plan can be sent outside of the organisation and the appendices can include the more confidential and detail-oriented documents, which also tend to change a lot. The format of the plan should fit the culture and preferences of the organisation.

Communicating Methods

1. Every board member and member of management should get a copy of the plan.

2. Consider distributing the plan to everyone in the organisation. It is amazing how event the

newest staff member gains quick context, appreciation and meaning from review of the

strategic plan.

3. Post your mission-vision and values-statements on the walls of your main offices. Consider

giving each employee a card with the statements (or highlights from them) on the card.

4. Publish portions of your plan in your regular newsletter and advertising and marketin

materials (brochures, ads etc.)

5. Train board members and employees on portions of the during orientations.

6. Include portions of the plan in policies and procedures, including the employee manual.

7. Consider copies of the plan for major stakeholders, for example, funders or investors, trade

associations, potential collaborators, vendors or suppliers etc. Note that certain groups of stakeholders might get complete copies of the plan, including appendices, while other groups (usually outside the organisation) might receive only the body of the plan without its appendices.

BBA 3rd Year Corporate Planning  Long Question Answer
BBA 3rd Year Corporate Planning Long Question Answer

Q.3. What are the tools and approaches of strategic planning

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