ITEC 4030 Lecture Notes - Lecture 1: Strategic Planning, Horse Pulling, Project Management
31 Aug 2017
School
Department
Course
Professor
Document Summary
In every organization, there are fundamental elements that are crucial for success. Establishing a mission, vision and goals is not sufficient. Top management must design clear strategic plans that can be understood by the entire organization. Strategic plans must be broad enough to encompass the direction of the whole organization. Strategic plans will provide the direction and focus needed by the organization"s business leaders and managers to create and execute tactical plans. Tactical plans will be the means to implement the strategic plan at each level of the organization. Although strategic planning precludes tactical planning both are equally important, and one without the other will lead to an organization that is unclear about who does what, when or how. Well defined strategic plans become the framework and foundation of tactical plans. Tactical plans need to be specific, have measurable goals that are attainable, realistic, and be able to accomplish operational plans in a timely manner.
