Essay About Long Term Goal And Key Methods

Organizational Skills
Organizational SkillsBy: Philip TestaXMGT/230Week 3Gary CedroneOrganizations will use several different types of plans in order to run their company. There are three key methods that are identified in the curriculums reading materials and they are the strategic, tactical, and operational planning methods. After a brief description of these methods we can then discuss a little about the method my company uses as well as why they use them. The first of the methods we are discussing is the strategic planning method. This method should be used in every business in existence because it is a long term goal basically. Strategic goals are major targets or end results that relate to the long-term survival, value, and growth of the organization (University of Phoenix, 2015). This type of goal is an overall goal sought after to be completed in a decade or longer on a typical basis. Smaller businesses will set goals in the one to five year range. Some of the common strategic goals include growth, increasing market share, improving profitability, boosting return on investment, fostering both quantity and quality of outputs, increasing productivity, improving customer service, and contributing to society (University of Phoenix, 2015).The second method of topic is the tactical planning method. Tactical planning translates broad strategic goals and plans into specific goals and plans that are relevant to a definite portion of the organization, often a functional area like marketing or human resources (University of Phoenix, 2015). From this writer’s point of view, this is by far the heart and soul of the planning methods as it involves making all the decisions in order to reach the long term goals in the most efficient and profitable manner possible. One example would be of a new product or service being reveled to the public. Before this product is announced the tactical teams need to figure out how to get this product or service out affectively in order to meet expected demands.