Strategic planning: It denotes a process that helps managers identify desired outcomes as well as formulate plans to achieve objectives. It uses the capabilities and resources that are available. The changing nature of organization and surroundings should be considered. It provides a framework and a direction that is clearly defined for guiding decision making at all levels. It ensures most effective usage by focusing resources based on priorities. It enables organization to be proactive and take advantage of opportunities as well as trends. It enables all units to work together towards common goal. It provides measures to evaluate performances. It improves communication among the organization.

Question

To what degree do you think an organization’s strategic plan is influenced by the vision, personality, and leadership capabilities of the CEO? Do research to identify an example of a strategic plan developed by a CEO you consider to be a strong, charismatic leader. Briefly summarize the notable aspects of this plan.

Answer 1

Question

Chapter 11, Problem 1DQ

Program Plan Intro

Strategic planning:

It denotes a process that helps managers identify desired outcomes as well as formulate plans to achieve objectives.

It uses the capabilities and resources that are available.

The changing nature of organization and surroundings should be considered.

It provides a framework and a direction that is clearly defined for guiding decision making at all levels.

It ensures most effective usage by focusing resources based on priorities.

It enables organization to be proactive and take advantage of opportunities as well as trends.

It enables all units to work together towards common goal.

It provides measures to evaluate performances.

It improves communication among the organization.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Students have asked these similar questions

To what degree do you think an organization’s strategic plan is influenced by the vision, personality, and leadership capabilities of the CEO? Do research to identify an example of a strategic plan developed by a CEO you consider to be a strong, charismatic leader. Briefly summarize the notable aspects of this plan.

What are some differences between working for a company where technology is considered a strategic asset versus one where technology is considered a commodity? In what ways can an intentional, consistent maturity effort help an organization to improve? How do metrics improve the position of IT within an organization, and what metrics are most valuable to show the overall value of IT?

2. Respond to the following in a minimum of 175 words: Consider an organization that you believe does not conduct adequate strategic IS planning. What are at least two reasons why this type of planning might not be done appropriately or at all? What are the implications of this inadequate strategic IS planning? As an IT professional, how would you explain the importance of strategic IS planning to identify and select IS projects?