Name of the Reporter: Quijano, Ebeye Jane P. Subject: Principles of Management
BSHM 2-A (D) Instructor:
Florencio Ramos
Long-term
Planning
“If you fail to plan, you plan to fail.” – Alan Lakien
Long-term planning is designed to
facilitate strategic planning of the industry in a way which is flexible enough
to take into account the views of the industry, funders, and customers on the
requirements to develop network to meet demands.
Long-term planning includes
developing the vision and mission statement and ongoing business goals
strategies necessary to move the company’s vision and mission forward. By focusing
on key issues such as productivity, costumer service & quality, business
goals and objectives provide a sense of direction, purpose and urgency. It also
motivates organizational teams to deliver the performance necessary to achieve
targeted results.
Steps in Long-term Planning
Step
1: Define what long-term means for your organization.
Step 2: Develop a system for uncovering new
opportunities.
Step 3: Develop a long-term vision. Imagine it is five
years in the future and you are visiting your company.
Step 4: Create long-term objectives.
Step 5: Select the long-term opportunities to
concentrate on based on your data gathering and your long-term vision.
Step 6: Create action plans for each of the projects.
