Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

We have discussed different types of plans in class. Many plans developed by organizations and classified as strategic plans are really not strategic plans. How

  1. We have discussed different types of plans in class. Many plans developed by organizations and classified as strategic plans are really not strategic plans.
    1. How would you define a strategic plan for your organization?
    2. What components should be included in the planning efforts and the final plan?
    3. How are operational plans defined, and what do they contain?
  2. As part of the strategic planning process, the organization needs to conduct different assessments. The initial assessment generally looks at whether the organization is ready to engage in strategic planning.
    1. How would an organizational assessment be completed to ensure its readiness to develop a strategic process and plan?
    2. What would be included in the process?
    3. What factors would indicate a lack of readiness of an organization?
  3. In the public and not-for-profit sectors, there are many more individuals and groups who impact on the functions or the organization than in the private sector. In the public and not-for-profit sectors, these are called stakeholders. These stakeholders also impact any planning process that the organization undertakes.
    1. What role should they play in the process?
    2. What does the organization need to do to engage them in the process?
    3. How will success be determined?
  4. Vision and mission statements provide information about the organization. They appear in strategic and operational plans.
    1. How do you define vision and mission statements?
    2. How should they be developed and used?
  5. One type of environmental scanning process involves both internal and external factors. These factors are frequently categorized as a strengths, weaknesses, opportunities, and threats (SWOT) analysis.
    1. Why do we need to know how the environmental factors can be categorized?
    2. How are they used in strategic planning?
  6. There are a number of steps necessary in developing a strategic plan. They can be divided into the planning or formulation stage, the implementation stage, and the evaluation stage.
    1. Name three steps in the strategic planning process.
    2. Explain in which stage each step exists; why the step is important; and how each step can be accomplished.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Strategic Management

Authors: J. Hunger, Thomas Wheelen

5th Edition

0136006698, 9788120348615

More Books

Students also viewed these General Management questions