The strategic planning process essay
Week #8 Paper:
7-9 page Paper
Assignment overview and directions:
You are writing this essay to show me that you understand each step of the strategic planning process that was discussed in our reading material. This is also referred to as the strategy change cycle. The steps are as follows:
1) Initiate and agree on a strategic planning process
2) Identify organizational mandates
3) Clarify organizational mission and values
4) Assess the external and internal environments to identify strengths, weaknesses, opportunities, and threats
5) Identify the strategic issues facing the organization
6) Formulate strategies to manage the issues
7) Review and adopt the strategies or strategic plan
8) Establish an effective organizational vision
9) Develop an effective implementation process
10) Reassess the strategies and the strategic planning process
Each of these steps should be discussed in about one page in length. For each of the steps listed above you should discuss the most important aspects for each step that you should understand as someone that would implement a strategic plan for an organization. You should also tell me what you found most interesting about each step. Tell me about key terms that you found interesting in each step. The key terms are in italics in our reading material. You should generally provide an overview of each step and what you have learned about each of these.
This should be the format of your Paper: APA FORMAT that includes Abstract etc
1)Introduction of your paper should discuss a brief overview of what the strategic change cycle is and what you will discuss in your paper
2)Second paragraph/page should discuss step #1.
3)Third paragraph/page should discuss step #2.
4)You should then follow this format and discuss steps #3-#10 in separate paragraphs/pages.
Strategic Planning Process Essay
Abstract
Strategic planning is one of the core functions of the management and involves defining the strategy of the business and making decisions in relation to the allocation of resources that ensure that the strategic goals are met. It also includes control mechanisms that are developed to guide the implementation of the strategy that is being adopted. Strategic planning is an important aspect that determines the success of the business both in the short-term and in the long-term. It is executed by strategists or planners who are senior individuals within the management. The success of the strategic planning processes ensures that resources are optimally used so that success and sustainability can be achieved.
Introduction
The aim of this paper is to assess each of the steps that are included in the strategic planning process. Gaining relevant knowledge of each of the steps can allow an individual to understand the activities that are conducted in each by the management.