Attaining the first place in economy among the M.E.
regional countries, a goal of the Twenty-Year Prospective Plan of the
Islamic Republic of Iran, necessitates the proper usage of the
instruments designed for economical development. The studies conducted
about the role of capital market in developing the economy indicate that
an improvement in capital market can lead to sustainable development.
The stock exchange as a prime element of the capital market plays a
significant role. Using the strategic planning for stock exchange forms
a route to the improvement of capital market and consequently to
economical development. By studying and comparing the paradigms of
strategy composition and the schools formed upon them, the prescriptive
paradigm and planning school have been selected as proper ones for the
study, upon which the conceptual model of the study has been designed.
In the next step, through interviewing the authorities, the factors of
the model for the stock exchange have been defined and the primitive
framework of strategic plan of Tehran Stock Exchange has been offered
and this framework has been evaluated by the authorities through a
questionnaire. The result of the analysis of the questionnaire's output
is that the mission of Tehran Stock Exchange should be compiled, its
weaknesses and strengths, and opportunities and threats should be
identified and its five-year objectives should be determined. Finally,
by means of SWOT method, the weaknesses and strengths, and opportunities
and threats of Tehran Stock Exchange have been compared and some
appropriate strategies have been offered.
Strategic planning, stock exchange,
Twenty-Year Prospective Plan, strategy, economical development, capital