2-1 Consulting Report

Strategic planning is a fundamental process in business management that involves setting long- term goals and developing a roadmap to achieve them It encompasses analyzing the internal and external environment, identifying opportunities and threats, and formulating strategies to capitalize on strengths and mitigate weaknesses. Key components of strategic planning include defining the organization's mission, vision, and values, conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis, setting SMART (Specific, Measurable, Achievable, Relevant, Time-bound) goals, and implementing action plans. Effective strategic planning enables organizations to align resources, prioritize initiatives, and adapt to changes in the competitive landscape, ultimately driving sustainable growth and success.   Question: How can organizations ensure that their strategic planning process remains flexible and responsive to evolving market conditions and internal dynamics?

If you were in charge of strategic planning for your organization, what changes would you make? Give at least (1) unique strategy in today’s world for nonprofit and profit organizations. When developing and implementing strategy, does the organization effectively balance short and long-term priorities? Why? Does the organization need several strategies for differentiation, innovation, customer alignment, and a detailed plan of forecasted strategies? Why?     Please Answer this Thank You.

You are creating or operating your own business (manufacturing, service company). According to what you have studied in the contemporary management course, you are required to. Prepare the company’s vision, mission and values. propose the company's SWOT matrix from your point of view through the SWOT analysis, identify the main grand startegy (strategic trend) whithin each grand startegy ( strategic trend), set the main goals (3 or 4 goals) the company seeks to achieve

Over a decade ago, Folkhälsan—a healthcare nonprofit based in Finland—recognized the need for an integrated strategy and improved performance management. Monica Niemi is Folkhälsan’s development manager and played an integral role in the creation of the organization’s Department of Strategy Management. Monica shared with us a little about life at Folkhälsan before the Balanced Scorecard, the difficulties and successes the nonprofit has had with strategic planning, the unique challenges a healthcare organization may face when handling performance management, and best practices you can put in place for your scorecard rollout.About FolkhälsanFolkhälsan, a nongovernmental organization in the social and healthcare sector, was founded in 1921. Today, Folkhälsan has approximately 1,500 employees and 19,000 members in its local association.The organization has five primary divisions:-Folkhälsan Foundation: This division has the responsibility of coordinating operations for the entire…

Devising the company’s overall strategic plan is top management’s responsibility.However, few top executives formulate strategic plans without lower-level managers’input. In view of the current business competitive pressures do you think this strategy will work, give your arguments? Also explain why strategic planning is important to all managers. and briefly describe the steps of strategic planning process.   This question is related to human resource management

The table contains the characteristics of different types of organizational plans. Use your knowledge of organizational plans to answer the questions about the table. Characteristic Set by Time frame Focus Scope O A B Which column best describes the characteristics associated with strategic plans? Strategic Tactical Given your knowledge of organizational plans, which type of plan is described in column B? Operational A Board of directors, top management Long-range Sources of competitive advantage General B Strategic Tactical Upper, middle management Intermediate Strategic business units Somewhat specific Operational Given your knowledge of organizational plans, which type of plan is described in column C? с Middle, lower-level managers Short-range Departmental activities Specific and concrete

1) Using the information in Table 2.2 and Table 2.3 from Chapter 2, critique the adequacy and merit of the following vision statements, listing effective elements and shortcomings. Rank the vision statements from best to worst once you complete your evaluation. American Express We work hard every day to make American Express the world's most respected service brand. Hilton Hotels Corporation Our vision is to be the first choice of the world's travelers. Hilton intends to build on the rich heritage and strength of our brands by: Consistently delighting our customers Investing in our team members ● Delivering innovative products and services Continuously improving performance Increasing shareholder value Creating a culture of pride Strengthening the loyalty of our constituents ● ● MasterCard A world beyond cash. BASF We are "The Chemical Company" successfully operating in all major markets. Our customers view BASF as their partner of choice. Our innovative products, intelligent solutions…

Considering the many different perspectives on what strategy is and how strategic planning should occur, which of the following is the best statement? Organizations cannot predict the future and thus should rely on a continuous, emerging strategy. Organizations should practice ‘strategic competence’ by focusing on what they’re best at. Organizations should pay particular attention to the resources they have when making strategic choices. Organizations should only concern themselves with leveraging their core competencies. Organizations should live their strategy on a daily basis.

Identify who or who is responsible for the strategic leadership of an organization and mention the five key areas in an organization. Explain what a strategic vision is and what is its importance in the company. Provide an example of a company vision. Explain what a mission statement is and what is its importance in the company. Provide an example of a company mission statement.

Chosen Company: Walt Disney World   In strategic planning, what components would you consider necessary for creating a strategic plan? Using your chosen company for this course, explain what components they use and whether they do a good job of communicating their plan to their workforce.

How can I answer the following questions Why is goal setting important in strategic planning? What are the consequences of poorly developed goals? How can I prioritize your organization’s goals?

1- Entrepreneurs must set goals that are  Specific, Masked, Actionable, Reasonable, Tacy Specific, Masked, Actionable, Reasonable, Time bound Special, Metered, Actionable, Reasonable, Timely Specific, Measurable, Actionable, Relevant, Time-bound   2- According to Mark Cuban, the #1 reason why entrepreneurs fail is Lack of money, lack of energy Lack of brain, lack of hard work Lack of family and professional connections Lack of good idea   3- Starting a new business guarantees freedom True False   4- Who is an intrapreneur? People who are responsible for internal activity in an entrepreneurial venture people who independantly set up big organizations people who take up entrepreneurial activity as part of a bigger organization   5- Successful entrepreneurs have following qualities They are highly emotional None of the above They care too much for self-respect They are very creative

Explain the following with a minimum of 6 sentences each. Give at least 3 barriers why Strategic Management implementation becomes a failure. Justify. Who are the parties responsible or involve in the proper implementation of the Strategic plan? Why?

For each type of goal listed below, indicate the level of management responsible for setting that type of goal. Mission statement Operational goals Strategic goals Tactical goals Board of directors Top Middle Lower O O O

How do vision and mission statements affect the strategic management process? Select an example of strong vision and mission statements and include them here. Why do you think these are strong statements? How do the statements contribute to a perception of company's overall competitiveness? Cite any sources used to support your answer.

Write two to four sentences setting forth the long-term direction and strategic path that management intends to follow. The statement should clearly articulate your answer to "Where we are headed?" and should explain why the direction in which you intend to point the company makes good business sense. Your strategic vision statement should describe the kind of company that management is trying to create and the market position you are trying to stake out. You may want to summarize the essence of your strategic vision with a phrase or company slogan.

How would you define the mission and vision statement for an organization? Why do we need to study mission and vision in strategic management? What is the importance of strategic management?

Review the material on the history of strategic management from Business Strategy: The Art, Science, and Craft of Decision-Making and the selections from Chapter Four in Principles of Management Then, go to the Discussion Forum for Unit 1 and engage in a dialogue with your classmates by answering the following questions: How has modern strategic planning changed since the 1970s? In what ways has strategic planning stayed the same since the 1970s? How do firms use mission and vision statements within a modern organization? Research the vision and mission statement of an organization you’re familiar with and share it with the class How might you improve on the statements?

Analyze . how tactical plans bridge the gap between strategic goals and operational execution.

Explain phases of development of strategic management  1. Long-range planing2. Strategic Management3. Strategic (Externally Oriented) planning4. Basic money financial (Budgeting)5. Complex Systems Strategy: