Strategic planning process has 9 steps to make effective use of human and material resources of organization for achieving objectives of organization.
Strategic Alternatives developed at two levels, Business-level strategy and Corporate-level strategy to run key functions and achieve organizations’ goal.
Strategic planning must be developed and implemented in a way that organizational resources are properly utilized for achieving objectives effectively.
Strategies helps managers to takes decisions that determine nature and direction of organizational activities and undertakings for Achieving goals.
Objectives are quantitative, measurable, provided concrete terms, establish standards, written expected results that achievable with a give time frame.
Six steps in MBO process connects key managerial activities in a systematic manner for effective and efficient achievement of organizational objectives.
For the best possible out come from the negotiation, organization needs to prepare proper negotiation and bargaining strategies.