Discuss the notion of strategic planning being more formal versus informal in an organization. On a 1 to 10 scale from formal to informal, what number best represents your view of the most effective approach? Why?
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Discuss the notion of strategic planning being more formal versus informal in an organization. On a 1 to 10 scale from formal to informal, what number best represents your view of the most effective approach? Why?
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- How do the internal and external environments of the organization and its strengths and weaknesses impact the planning process?Why are good goals important to the planning process?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. Question is related to Introduction to Human Resource Management
- Course Title: Introduction to Human Resource Management Please Correct the Answer and Long Question/Answer Question : 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.Discuss how the material you have learned in this course can be applied to creating a strategic plan for your life, personal goals, professional career, etc. What would that plan entail? Would you need to conduct a SWOT analysis or perform an environmental scan? Describe how you can apply strategic management principles to your personal plan.Management How do you determine the appropriate organizational structure during the planning phase?
- 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.Explain the accuracy of the following statement: Formal strategic planning is irrelevant for companies competing in the high-tech industry because pace of change is so rapid that plans are routinely made obsolete by unforeseen events. What importance does strategic management’s play in organization's?Write a short essay that summarizes the components of strategic management that an organization needs to use.
- 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 achieveHow can you apply the concepts of strategic planning to your own life such as getting for a job or a better job? Which, if any, of the strategic planning would not be applicable for you, and why?Distinguish between Strategic Formulation and Strategy Implementation. (Answer in not less than 1000 words) You may include a table as well.