The technology should help companies gain a competitive advantage. In a broad sense, a competitive advantage gives a company the opportunity to gain an advantage over its opponents. Competitive advantages enable a company to achieve superior results over a long period of time.

Such strategic planning is important for keeping management tools up to date in order not only to deal with inevitable weaknesses in the management environment but also to promote organizational performance (Schendel, 2009).

Strategic planning is a strategic tool in an organizational environment. It is characterized by the fact that the ultimate goal of the overall purpose or objectives of a company can be determined. Planning in this way overcomes any problem between where we are and where we are going (Adeleke, 2001).

Planning can be an extremely tedious task as we have to consciously choose a game plan and base our decisions on expectations, causes, and data on indicators. Ultimately, the performance of an organization is based on the degree to which the use of strategic planning to achieve the stated goals and objectives of that organization is determined (Adeleke, 2001).

Strategic planning focuses on long-term goals and temporary needs. A well-organized strategic policy enables management to understand the relationship between goals, objectives, and job satisfaction. Dawson (2006). In most organizations in Singapore, planning is the primary performance and performance administrative machine for organizations.

Resources must be used everywhere, and customers must be well cared for. To achieve such closures, all the company’s human and material resources must be properly used and provide the ideal opportunity to manufacture great products at negligible cost.

The service is part of the overview of the scope and type of work, taking into account the use of resources. Very good, it can be appreciated on an individual, meeting, or organizational level.

cta_question_2LIGS University (LU)