14. Describe how strategic planning is different from long- range planning.
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- 3. Discuss one of the following tools that can be used in the planning process: a) the Gantt chart, b) the CPM or critical path method, or c) management by objectives (MBO).4. Describe the steps that make up the planning process.Mangement Effective planning is a crucial element in achieving success, be it in personal endeavors or professional pursuits. The process of planning involves setting specific goals, identifying the steps required to reach those goals, and allocating resources accordingly. Whether it's a project, a business strategy, or even day-to-day tasks, a well-thought-out plan serves as a roadmap, providing direction and clarity. Planning helps individuals and organizations prioritize tasks, manage time efficiently, and anticipate potential challenges. It is a dynamic process that requires flexibility and adaptability as circumstances may change. By investing time and effort in planning, individuals and businesses increase their chances of not only meeting their objectives but also doing so in a more organized and systematic manner. Question: How can individuals strike a balance between sticking to a planned course of action and being flexible enough to adapt to unforeseen circumstances?Question No.3: Manager’s effectiveness in strategic planning and ultimately operational planning is unlikely to occur unless leaders and managers first understand the purpose of planning and its relationship with the other mission functions. Define strategic and operational planning. Critically discuss this statement.
- 11. If an IS organization is viewed as a cost center/service provider, its strategic planning process is typically directed inward and focused on determining how to do what it is currently doing but doing it cheaper, faster, and better. a. True b. False 14 The strategic plan of an information system (IS) must identify those technologies, vendors, competencies, people, systems, and projects in which an organization will invest to support the corporate and business unit strategies. a. True b. False 16. The release of a new and more powerful mobile computing device or data-crunching software package can influence the strategic plan of an information system. a. True b. False19 - Which of the following is not a key element of strategic management? a) long-term final result B) Competitive advantage c) Long-term survival D) Coordinating the employees e) Profit above average return17- What is the difference between foreseen problems and unforeseen problems when it comes to planning? a. iLL planning b. Proper planning c. Efficient planning d. Effective planning
- CRITICAL ANALYSIS OF THE PLANNING IN BROOKLYN’S LEADING TO CHANGE The reason why the new owner of the Franchise, David Becker, had decided to replace the old manager with a new one was that this particular restaurant was doing poorly in terms of profit as compared to other restaurants in the chain. David Becker attributed this fact to poor planning and organization structure and decided to introduce the restructuring and policies implemented successfully by him to the other two restaurants owned by him. Critical examination of the old policies of the top and middle-level managers shows that some of the practices used by them were flawed and needed improvement.The previous owner of the franchise had not taken an active interest in the running of the restaurant leaving it upon the manager to run the affairs of the restaurant. Communication of goals from the top to middle-level managers is necessary to run an organization clearly lacking in this case. The top management probably did not…CRITICAL ANALYSIS OF THE PLANNING IN BROOKLYN’S LEADING TO CHANGE The reason why the new owner of the Franchise, David Becker, had decided to replace the old manager with a new one was that this particular restaurant was doing poorly in terms of profit as compared to other restaurants in the chain. David Becker attributed this fact to poor planning and organization structure and decided to introduce the restructuring and policies implemented successfully by him to the other two restaurants owned by him. Critical examination of the old policies of the top and middle-level managers shows that some of the practices used by them were flawed and needed improvement.The previous owner of the franchise had not taken an active interest in the running of the restaurant leaving it upon the manager to run the affairs of the restaurant. Communication of goals from the top to middle-level managers is necessary to run an organization clearly lacking in this case. The top management probably did not…CRITICAL ANALYSIS OF THE PLANNING IN BROOKLYN’S LEADING TO CHANGE The reason why the new owner of the Franchise, David Becker, had decided to replace the old manager with a new one was that this particular restaurant was doing poorly in terms of profit as compared to other restaurants in the chain. David Becker attributed this fact to poor planning and organization structure and decided to introduce the restructuring and policies implemented successfully by him to the other two restaurants owned by him. Critical examination of the old policies of the top and middle-level managers shows that some of the practices used by them were flawed and needed improvement.The previous owner of the franchise had not taken an active interest in the running of the restaurant leaving it upon the manager to run the affairs of the restaurant. Communication of goals from the top to middle-level managers is necessary to run an organization clearly lacking in this case. The top management probably did not…
- Background: Mr. John Francois, the owner of John Francois Stores has been operating asuccessful business since 1977. However, he is not fully aware of whatstrategic management and planning entails. As a trust worthy employee, Mr.Francois has asked you to host a weekend retreat with him, his familymembers, and selected members of staff so that you can advise them aboutwhat strategic management and planning entails as well as how important itis for the organization to engage in strategic management and planning. Question1: What would you say to the members present at the retreat so that they canhave a very good understanding of what strategic management and planningentails, and why they should engage in the process so as to maintain thecompetitive advantage of John Francois Stores?Op1. 4.1 Learning Outcomes: Discuss the role of strategic management. Compare mission, vision, and value statements. Discuss the types and purposes of goals and plans Describe SMART goals and their implementation 4.2 Action Required: Use the website www.samples-help.org.uk/mission-statements to look up for the mission statements of some well-known corporations. 4.3 Test your Knowledge (Question): Evaluate the usefulness of any one of these mission statements for the planning of future strategies for this business1.The description of how different levels and employees in the organization must perform for the organization to achieve its goals is a:A)business-level strategy.B)business model.C)mission statement.D)balanced scorecard.E)None of the above. 2.Which of the following statements regarding multiple measures or a single measure of performance is not correct?A)The advantage of using branch profits to evaluate branch mangers is that profit is relatively simple to compute and reflects the organization's ultimate goal.B)The use of multiple measures can influence branch managers' decisions by changing the components of the performance measurement system to reflect changes in the firm's strategy.C)If the branch managers are more knowledgeable than the corporate staff about local conditions and what local clients value, a single measure could be preferable.D)If the corporate office has better knowledge of what it requires to operate a profitable branch, using multiple measures provides a way to…