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How does the strategic management cycle culminate before reiterating into new scanning and planning? What does the organization do next? In your discussion with your

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  • How does the strategic management cycle culminate before reiterating into new scanning and planning?
  • What does the organization do next?
  • In your discussion with your classmates, consider how new products, services, business models, and technology are transitioned to operations in actual organizations, allowing those organizations to turn their attention anew to refreshing the enterprise-level strategy at the "ten o'clock position" of the STEP Cycle?
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External Alignment - Environmental Scan (Discussions with Stakeholders & Partners) 0 Industry Requirements 0 Industry Direction - Analyze the Market - Analyze the Customer PERFORMANCE Evaluation and Accountability - Continuous Evaluation of Execution ' Assess Resource Utilization ' Employee Performance Reviews ' Process Analysis and Benchmarking to Identify Programs and Processes for Continual Improvement or Reengineering - Monthly Performance Reviews - Annual Accountability and Performance Review The STEP CYCLE STRATEGY Strategic Planning - Develop Strategic Plan - Set/Modify Organization's Mission, \\sion, Goals, Objectives, Strategies, Key Partnerships, and Performance Targets - Objectives in Four Areas - Outcomes (equitable) - Customer value ' Key Process ' Learning and Growth The Organization and its Business Lines EXECUTION Program, Project, and Budget - Implement Goals and Objectives ~ Implement Change Management Strategies ' Provide Functional and Staff Support Services TACTICS Tactical Planning ' Develop Marketing and Influence Package - Develop Capital Asset Plan - Develop Strategic Workforce Plan Including Diversity Equity and Inclusion Plan ' Develop Information Technology Plan - Develop Annual Budget and Performance Plan with Targets - Develop Individual Performance Plans Internal Alignment & Communications - Internal Memoranda, Newsletters, Websites, Social Media, etc. - Internal Policies, Procedures 0 Meetings, Conferences, etc

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