We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Strategic Management Plan Essay Sample


Get Full Essay

Get access to this section to get all help you need with your essay and educational issues.

Get Access

Introduction of TOPIC

CanGo’s strategic management plan is missing. They have basically been using an informal planning process where nothing is written down. A well-documented formal plan allows everyone in a project or business to understand exactly what needs to be done. Too ridged of a plan can hinder a company’s success by reducing their flexibility. CanGo needs to put into action some form of formal strategic management plan for the continued growth of the company. The key to their newest project, online gaming, might benefit using agile development for this project. A well thought out strategic management plan has a formal plan that is a clear path, is well defined as to where the company is and where it wants to. CanGo’s strategic management plan seems to be an informal plan where very little or anything is written down. The plans for the company are in the heads of a few people. “This approach means that members of the organization are more or less following the lead of those management members who does the informal planning, and their tasks, responsibilities and priorities can be changed rapidly to accommodate urgent issues.” (Coetzee, 2011) Management should engage in formal planning for four (4) reasons:

1.Planning provides direction 2.Reduces the impact of change 3.Minimize

Sorry, but full essay samples are available only for registered users

Choose a Membership Plan
waste and redundancy
4.Establishes objectives or standards that facilitate control Some critics challenge the basic assumptions of planning. The major arguments are as follows: 1.Planning may create rigidity
2.Plans can’t be developed for a dynamic environment
3.Formal plans can’t replace intuition and creativity
4.Planning focuses manager’s attention on today’s competition, not on tomorrow’s survival 5.Formal planning reinforces success, which may lead to failure (Coetzee, 2011) A new type of strategic development that is being used in many IT companies, is called agile development. “Agile development is based on iterative development steps, where requirements and solutions are constantly reviewed and evolved throughout the lifecycle of the project.” (Coetzee, 2011) Scrum is a version of agile development that starts by identifying the vision of the project. From the vision a product backlog is created. A product backlog is a prioritized list of all the features or changes required. The product backlog is estimated and split into sprints, iterative development cycles. At the end of the sprint a potential shippable, ready for implementation is delivered to the owner for evaluation.

At the end of each sprint the owner has the opportunity to change any or the entire product. Another part of using agile development is the team getting together for daily 15 minute standups to discuss what they are doing and if there are any issues. CanGo’s needs to first and foremost create a formal strategic management plan for the overall growth and future of the company. Venturing into the online gaming industry without a formal plan for the company can be a dangerous venture. Agile development is a great way for CanGo to implement their new online game project while management starts the process of formally creating a formal strategic plan for the whole company.

Works Cited

Coetzee, L. (2011, January 26). Does formal planning reduce flexibility and hinder success? Retrieved from Swat Blog: http://www.mihswat.com/2011/01/26/does-formal-planning-reduce-flexibility-and-hinder-success/

We can write a custom essay on

Strategic Management Plan Essay Sample ...
According to Your Specific Requirements.

Order an essay

You May Also Find These Documents Helpful

McDonald's HR Planning

At McDonald's, their staff area unit their is most significant asset. They provide the most effective employment experience for their staff so as for McDonald's to attain their goal of providing their valued customers with the world's best quick-service restaurant experience. They try hard to recruit the best, hire the best, and provide the best place to work. The commitment to their staff is formed on the simple truth "We value you, your growth and your contributions" and this is they attempt to attain through their actions on a daily basis. HR Planning HR planning's purpose is to see what HRM needs exist for current, future provides and demands of staff. to appreciate the McDonald's service vision, the organization believes in strengthening their team and ensures that they deliver the proper skills and knowledge to the proper person for getting the proper job done. The strength, for creating the robust...

Manpower Planning

Manpower Planning (or Workforce Planning) is the process by which an organisation determines its human resource management needs and issues, and develops and implements plans to address them. The starting point for any human resources planning will be the strategic plan of the business. This will give a long-term focus for Human Resources planning. There are 4 logical stages to the manpower planning process. 1. Situation Analysis This defines the "world" in which the organisation is planning for its manpower both externally and internally. 2. Manpower Demand This is the activity, which links with the business and financial planning activities within the organisation. It involves determining the current and future requirements for key jobs. 3. Manpower Supply This involves analysing the numbers and skills (and development capability) of people who are likely to be employed by the organisation over a given time period. It should enable managers to understand what...

Restructuring to survive - Human resource planning

Human resource planning - Human resource management needs to identify each job within the business and the role this job covers, this ends to be performed to understand the full amount of work that needs to be performed within the business structure. Once this is carried out the Human resource managers will understand the amount of staff it requires to hire or fire. Key areas with the business will be identified portraying that there may not be enough people working in one area e.g. production so there is a demand to employ more staff to improve production alternatively there may be to many technical staff, which results in a loss of profit so some workers need to be fired. The trouble with human resources, people can become treated as a "human resource" rather than a person, and can be fired off as casually as they would with raw materials. To...

Popular Essays


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?