Ans) Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy.
- It acts as a foundation for all key decisions of the firm. It attempts to prepare the organization for future challenges and play the role of pioneer in exploring opportunities and also helps in identifying ways to reach those opportunities.
1) The value of teamwork, which leads to task-oriented organizational flexibility.
2. Entrepreneurial drive, or the commitment to making things happen.
3. Open communication, rather than the preservation of confidentiality.
4. A shared belief that the enterprise can largely create its own future, rather than be buffeted into a predetermined corner by the winds of environmental change.
Why do you think Strategic Planning is important to a company, organization? Identify a company; organization...
(Strategic Management/Planning) 1. Why has strategy evaluation become so important in business today? 2. Identify the types of organizations that may need to evaluate strategy more frequently than others. Justify your choices. 3. Strategy evaluation allows an organization to take a proactive stance toward shaping its own future. Discuss the meaning of this statement. 4. Do you believe strategic management should be more visible or hidden as a process in a firm? Explain.
which of the five steps in the strategic planning process do you think is the most important? Give an example of an industry where this would be the most important step. Do you think that a different industry might place more emphasis on another step in the strategic planning process? Why? (200 WORDS)
Why is strategic capacity planning important to a company? What are the time durations for capacity planning, and which one provides the greatest value for strategic capacity planning?
Identify the strategic planning model used in your healthcare organization (goals-based; issues-based; organic; and scenario planning). Describe how nurses are integrated into strategic planning in your current healthcare organization. Identify two strategies you would use as a nurse manager to engage all nursing staff into the strategic planning process.
Identify the strategic planning model used in your healthcare organization (goals-based; issues-based; organic; and scenario planning). Describe how nurses are integrated into strategic planning in your current healthcare organization. Identify two strategies you would use as a nurse manager to engage all nursing staff into the strategic planning process.
Explain why an organization needs a strategic vision. What purpose does a strategic vision serve? Do you believe the strategic vision at your company sends the right message? What is the message? Is the message forward-looking? Would you change it and why?
Why do you think it is important for an organization to continually monitor their progress? How would you make adjustments when you notice something isn’t working? What impact could it have on the organization if you don’t make the changes immediately?
Do you think the Olympic organization is structured effectively? Why or why not? Explain the purpose of NOCs, IFs, NGBs, and OCOGs.
1) READ THE ARTICLE TO GIVE YOU MORE INFORMATION TO BASE YOUR COMMENTS ON: Strategic Planning (in nonprofit or for-profit organizations) Written by Carter McNamara, MBA, PhD, Authenticity Consulting, LLC, experts in strategic planning. Copyright 1997-2008. Adapted from the Field Guide to Nonprofit Strategic Planning and Facilitation. Simply put, strategic planning determines where an organization is going over the next year or more, how it's going to get there and how it'll know if it got there or not. The...
Strategic planning can help public and nonprofit organizations, as well as communities, fulfill their missions, meet their mandates, and create lasting public value (Bryson, 2018). However, there are times when strategic planning is not the solution. As a public administrator or nonprofit manager, it is equally important to be prepared to identify situations when strategic planning is not appropriate. This week’s readings describe the limitations of strategic planning under different scenarios. Post an analysis of one key guideline (from the...