Question

Your friend has a company leading textile enterprise in your city and needs to develop a next generation (information system) strategic plan. Select the most powerful technique of strategic planning which can be used to help him achieve his goals

Answer 1

Strategic planning is the way toward building up a methodology and arranging its execution. Associations and groups normally build up a solid technique for a monetary year. Past that it is fairly basic to make a long haul plan that sets focuses for what's to come. The accompanying are methods that are normally used to design a technique.

1.Benchmarking - It is the examination of your measurements with a contender or industry normal. For instance, a firm may think about how much its spending on development or innovation comparative with its industry.

2. Budget Planning - As a rule, methodology development is firmly attached to a yearly or quarterly budget arranging process.

3. Business Case - A proper proposition for a methodology that incorporates examination of advantages, costs what's more, dangers.

4. Business Model - A business model is the system that an association uses to catch values. As a rule, a system includes items, administrations and capacities to a current plan of action. Incidentally a technique may likewise look to change a plan of action or enter new enterprises.

5. Structured Planning - The utilization of a procedure for key arranging that may incorporate data gathering, procedure development, estimation, business cases, surveys, basic leadership focuses, spending endorsement and objective setting.

6. SWOT Analysis - An assessment of current qualities, shortcomings, dangers and openings.

7. Target Operating Model - A dream for the future capacities of your association.