Corporations Need New Method of Strategic Planning, According to Right Management Consultants Author.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Feb. 24, 2004 New Book Offers Approach For Successful Strategic Development in Constantly Shifting Business Environment America's corporate executives are dead wrong if they think they can't ride the waves of a changing economy while using a strategic plan to guide their company, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new book by Stephen J. Wall. Wall, a consultant in strategic management and leadership at Right Management Consultants, shows in On the Fly how many executives make the grave mistake of avoiding strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. because of the change and uncertainty inherent in today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. climate. The book, which CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. Magazine calls "engaging and well-written," demonstrates how a tailored strategic plan is actually more important than ever. But rather than relying on a traditional approach to developing a strategic plan, Wall urges executives to view strategic planning as a more fluid process. "Developing and following a strategic plan in today's business environment requires the systematic use of two-way communication Two-way communication is a form of transmission in which both parties involved transmit information. Common forms of two-way communication are:
adjective equivalent to, the same as, identical to, similar to, identified with, equal to, tantamount to, interchangeable with, one and the same as 'static plan.' Today's strategic planning process is actually a process of continual learning. "Once an executive embraces the fact that strategic planning today is all about dealing with change and uncertainty, he or she has already begun the process of planning in a new way." On the Fly spells out a new approach to strategic planning with concrete guidelines for encouraging creativity and change while keeping a strong sense of organizational direction. Wall's previous books include The New Strategists, which emphasized the need for business strategies to evolve in response to continuous change. About Right Management Consultants Headquartered in Philadelphia, Right Management Consultants (www.right.com) is the world's largest career transition and organizational consulting firm. It offers services to corporations of all sizes through a global network of more than 300 service locations and the Internet. The company is a worldwide leader in customized career transition solutions and also offers a wide range of organizational consulting services, including talent management, leadership development and organizational performance services. In combination, the two lines of business enable Right to help businesses manage the entire life cycle of their employees. Right is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Manpower, Inc. (NYSE NYSE See: New York Stock Exchange :MAN). |
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