The Importance of Strategic Planning for Training Companies

Paper Summary:

The paper describes a study to determine the impact of strategic planning on the performance of training companies in US and to correlate the use of strategic planning with the company's performance and the use of planning with the international activity; to correlate the use of planning with the intensity of high tech methods; to correlate the use of planning with the company's age and the managers' experience. The paper puts forth that these objectives should be useful in determining what the impact of strategic planning is on the companies that choose to to participate in this study.

Outline:
Introduction
Statement of the Research Project
Literature Summary
Methodology
Problems and Constraints
Required Resources
The Research Plan

From the Paper:

"The strategic plan is different than a business plan. The specialists say that the strategic plan is actually a leadership tool, whereas the business plan is a management tool. This implies that the business plan is more operational and the strategic one is more conceptual. The first one is concerned by how to run the business in the present given the current constraints and the second one is concerned of how the business will be ran in 5 years and how to get there."

Sample of Sources Used:

• - David, F (2005), "Strategic Management: Concepts and Cases", 10th Edition, Prentice Hall.
• - Goetsch, D (2006) "Effective Strategic Planning for Competitive Advantage: Ten Steps for Technical Professions (NetEffect)", Prentice Hall.
• - Hunger, J and Wheelen Tom (2007) " Essentials of Strategic Management", 4th Edition, Prentice Hall.
• - Kaufman, R, Oakley-Browne, H, Watkins, R and Leigh D (2003) "Strategic Planning For Success: Aligning People, Performance, and Payoffs", Wiley&Sons.
• - Mintzberg, H (1993), "The Rise and Fall of Strategic Planning", Free Press.

More papers on The Importance of Strategic Planning for Training Companies:

• Research Paper # 107997 : "Strategic Planning"
• Research Paper # 62276 : "Strategic Decision Making"
• Research Paper # 62880 : "Employee Training Programs: A Strategic Business Component"

APA Citation:

MLA Citation: