Kibata

Sign In

Our Services

Get 15% Discount on your First Order

Order Now
[rank_math_breadcrumb]

Business & Finance HOMEWORK

Alexis – Week 4 Disc.

 


Alexis Dea

Greetings Classmates,

If I were designing a 10-week course on strategic planning, I’d focus on essential topics that provide both a theoretical understanding and practical skills necessary for effective strategy development and implementation in business. Here’s a suggested outline for such a course, along with explanations on why these topics are vital:

1. Introduction to Strategic Planning: Understand the fundamentals of strategic planning, including definitions, the importance of strategy in business success, and the difference between strategic planning and operational planning. This foundation is crucial for setting the context of the entire course.

2. Environmental Scanning: Learn how to analyze the internal and external environments of a business. This includes tools like SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis and PESTEL (Political, Economic, Social, Technological, Environmental, Legal) analysis. Understanding the landscape helps businesses anticipate changes and respond proactively.

3. Vision, Mission, and Values: Develop the ability to craft clear and compelling vision and mission statements and to define core values. These elements guide the strategic direction and decision-making processes within a company, aligning strategy with the overarching goals.

4. Strategic Objectives and Goal Setting: Focus on setting SMART (Specific, Measurable, Achievable, Relevant, Time-bound) goals. Strategic objectives translate the broad visions into actionable steps, which are essential for implementation and evaluation.

5. Strategy Formulation: Dive into different frameworks and models for strategy formulation, such as Porter’s Generic Strategies and the Blue Ocean Strategy. This helps in understanding different strategic approaches and selecting the most appropriate one for the business context.

6. Strategy Implementation: Explore the challenges of strategy implementation, including resource allocation, change management, and ensuring alignment across the organization. Effective implementation is crucial as it often determines whether a strategy succeeds or fails.

7. Performance Measurement: Learn about Key Performance Indicators (KPIs), Balanced Scorecards, and other tools to measure the success of strategic initiatives. Monitoring performance is essential to understand if strategic objectives are being met and to make necessary adjustments.

8. Leadership and Strategic Change: Examine the role of leadership in strategic planning, including how leaders inspire, motivate, and drive change within an organization. Leadership is pivotal in navigating the company through strategic shifts and in fostering a culture that embraces strategic goals.

9. Corporate Governance and Ethics in Strategic Planning: Discuss the importance of ethical considerations and corporate governance in strategy, ensuring accountability and transparency in strategic decisions, which builds trust and aligns the organization with societal values.

10. Case Studies and Strategic Planning Simulation: Apply learned concepts to real-world scenarios through case studies and simulations. This practical application helps solidify understanding and improve strategic thinking and decision-making skills.


Keshia Guingab

            Strategic planning is an essential process that facilitates the development of various strategies to support organizations in accomplishing their goals and objectives over three to five years (Uzarski & Broome, 2019). Though it can take many different forms, most strategic planning processes share a common framework. These fundamental subjects include gathering relevant data, involving employees, soliciting input, communicating and disseminating the plan, and implementing and evaluating (Uzarski & Broome, 2019).

An article published by Harvard Business School (2020) discussed three benefits of learning strategic planning: creating one, forward-focused vision, drawing attention to biases and flaws, and tracking progress based on strategic goals. Given the significance of learning strategic planning, there are specific topics I would like to cover in a 10-week course.

 

The topics that I would cover in my 10-week course would be:

1. Introduction to Strategic Planning

2. Defining Vision, Mission, and Values

3. Environmental Analysis: Internal & External (SWOT, PESTEL, etc.)

4. Goal Setting and Objective Formulation

5. Strategy Formulation

6. Action Planning and Resource Allocation (Financial, human, and technological)

7. Implementation and Execution

8. Performance Measurement and Monitoring

9. Communication and Alignment

10. Evaluation and Continuous Improvement

 

These topics are important because strategic planning is a thorough process that helps companies succeed over the long run by providing guidance on setting clear goals, allocating resources wisely, anticipating changes, and responding to them. The goal of any business is to achieve success and maintain competitiveness. By understanding the strategic planning process and its significance, businesses can maintain alignment with their objectives, mission, and values.

 

Reference

 

Cote, C. (2020, October 6). 
Why is strategic planning important? Harvard Business School Online. 

Uzarski, D., & Broome, M. E. (2019). A Leadership Framework for Implementation of an Organization’s Strategic Plan. 
Journal of Professional Nursing, 
35(1), 12–17.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Order Now

Related Questions

Deliverable 2 – Develop an Advocacy Report

  Scenario You are the director of community affairs for the health lobby organization, Pathways to a Healthy America. In 2010, President Barack Obama signed the Affordable Care Act into law. As a result, millions of Americans who were previously uninsured gained access to the healthcare system. One of the

D7

Research and find any free organizational culture quiz. Some free quiz sites are provided below, but feel free to search and use your own quiz. · Culture QuizLinks to an external site. · What’s Your Organizational Culture? Links to an external site. Take the quiz and then copy/paste your results into

W2

Team Effectiveness in the Workplace Instructions Teams and their use in organizations seem to have varying degrees of success. We all know what a successful athletic team looks like. Managers often times try to translate that structure and in turn success back to the organization by organizing their employees in

4.2222

  Watch the “Lack of Commitment” video. on Youtube Post your response in a conversational tone and narrative form. When there is not a natural consensus- can you disagree as individuals and commit as a team? What Scriptures or other faith-based references support this concept? 

Virtual Teams

 What are some challenges managers face when communicating with virtual teams? 

ADD TO RESUME

KRYSTEL BERGHER PROFILE Accomplished Customer Service Expert committed to the delivery of quality service. Professional and Ethical. Seeking to assist or help a new customer service department in creating and achieving the much-needed customer service goals. CONTACT ADDRESS: 15851 Southwest 139th Place, Miami FL 33177. PHONE: 305-992-6010 EMAIL: [email protected] om

Economic & Marketing

Homework  Sustainability, Social Impact, and the Bottom Line Think about a product or service you recently purchased that originated from a company whose Mission includes a focus on sustainability or social impact. In other words, a company that “does well by doing good.“ Then read and reply to each of the prompts

BUS 3301 Unit VII Q12

Business Law BUS 3301 VII Question 12 The principal agent relationship, the employer-employee relationship, and the employer-independent contractor relationship are three types of agency relationships commonly found in business settings. Why is it important for business professionals to know what type of agency relationship they are forming?   Your response must

ITC_3303 E

Information Systems Management ITC 3301 Unit VII Essay In this final assignment, you will develop a paper that reviews some of the main topics covered in the course. Compose an essay to address the following: · Identify the components of an information system using the five-component framework and provide a

BUS 3301 Unit VII Q11

Business Law BUS 3301 VII Question 11 Have you ever bought something, paid for it, and arranged to have it delivered to you at a later date? That is a fairly typical transaction, and, under the Uniform Commercial Code (UCC), a delivery contract is created. However, it is a little

case

  1. How did Apple’s introduction of the IPhone in 2007 lead to its success over its main competitors? Think about which industries it has disrupted and how. 2. What are some the challenges facing Apple today? What should Apple do to address them? Be Specific.

Enviromental Analysis

Creating a mission vision instruction and an organizational chart Creating an Organization Chart BUS 100 Introduction to Business Organization Chart Instructions Organization Chart Create a hierarchy (think inverted tree) with the top decision maker at the top. Identify the different levels of management down to non-management roles. Determine if you

Strategic Financial Management

Project Overview: In the previous project part, you developed a flexible (flex) budget based on an unforeseen expense provided to you by your professor. For this project part, you will take things one step further by determining ways to reduce spending in different areas or aspects of your business.  Using

Strategic Financial Management

Project Overview: In the previous project part, you developed a flexible (flex) budget based on an unforeseen expense provided to you by your professor. For this project part, you will take things one step further by determining ways to reduce spending in different areas or aspects of your business.  Using

Please see attached – need in 24 hrs

Select 1 well-known business you would like to research and use as the basis for developing a marketing campaign. Refer to the following resources, as needed, for assistance selecting a business and locating information about it: · Marketing professional organizations, such as  4 A’s  website or  American Marketing Association  website  

CJ 2500 MOD 6 FINAL

INSTRUTIONS ATTACHED TOPIC TO DISCUSS How gps tracking units placed on cars can be obtained by law enforcement consistent with the 4th amendment and how such devices can help criminal investigations? Remember there must be critical analysis from you I the paper and not just a book report. Overview: A

week 3 pending

pfa TASK 1: By Tuesday Evening Reflection and Discussion Forum Week 3 Assigned Readings: Chapter 8. Understanding Markets and Industry Changes. Chapter 9. Market Structure and Long-Run Equilibrium. Chapter 10. Strategy: The Quest to Keep Profit from Eroding. Initial Postings: Read and reflect on the assigned readings for the week.