The Power of Strategic Planning PREMIUM
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Learning SummaryDescription:
Strategic planning is the process of determining the long-range goals of the organization and the strategies required to achieve them. It envisions a desired future and identifies ways to make it happen. In this module, we will walk you through the strategic planning process. We define strategic planning and explain its purpose within an organization. We will explain the six major elements of a strategic plan and show how each element fits into its overall structure. We will discuss the identification of critical success factors and key performance indicators as part of a strategic plan. We will explain the importance of the strategic gap in developing strategies and action plans. Finally, we will review the relationship between the strategic plan and the annual budget.
Prerequisites:
Who should complete this module:
Executives, mid-level managers, supervisors, entrepreneurs, business owners, and other professionals who are participate in the planning and budgeting process, as well as educators and students in management.Executives, mid-level managers, supervisors, entrepreneurs, business owners, and other professionals who are participate in the planning and budgeting process; CPA, CMA, CGMA, and other accounting professionals; educators and students in business and management accounting.
Learning Objectives:
In this module, you will learn to:
1. Define strategic planning and explain its purpose within an organization.
2. Explain the six major elements of a strategic plan.
3. Show how each element fits into its overall structure.
4. Discuss the identification of critical success factors and key performance indicators as part of a strategic plan.
5. Explain the importance of identifying the strategic gap in developing strategies and action plans.
1. Define strategic planning and explain its purpose within an organization.
2. Explain the six major elements of a strategic plan.
3. Show how each element fits into its overall structure.
4. Discuss the identification of critical success factors and key performance indicators as part of a strategic plan.
5. Explain the importance of identifying the strategic gap in developing strategies and action plans.
Competencies Acquired:
Learn to identify and explain the six major elements that compose a strategic plan and how each element fits into the overall process.
Program Level:
Intermediate
Duration of Video:
10:08
CPE Credit:
0.5
Delivery Method:
QAS Self Study
Field of Study:
Finance
Additional Info:
For general information regarding our training modules, including practice exercises and assessments, or information on refunds, concerns and program cancellation policies, please see our Help section under the Resources menu.
Last Revision Date:
1 Dec 2020
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