Strategic Planning Process
Explain the basic steps in the planning process
The steps included in designing a strategic plan are portrayed underneath. Although the process may appear rational and systematic, it is regularly iterative and evolves considerably over time. Furthermore, it is subject to political pressure and will be changed likewise. Some key planning efforts may not include all the steps depicted. The components and process depicted in the following segment must be altered depending on the context.
In a strategic planning process, the first step is to address the aspects relating to current organizational situation and the factors required for the success of the next steps. This includes the examination of the project's history and evolving contexts (both external and internal). esponses to the organizational priorities include attention to strengths and shortcomings and determine how to benefit from strengths (Sinofsky & Iansiti, 2010).
The next phase in the process…… [Read More]
Based work completing Short Papers Strategic Plan Analyses, strategic planning process create a ten-year strategic plan academic work professional development. Consider leadership strengths qualities develop.
A personal mission statement helps a person to create a focus in their lives and to prevent the chaos that comes from living an overly busy, adrift and disorganized life. A personal mission statement helps a person to understand which long-term goals they are able to accomplish and which are beyond their rich. The mission statement will help to guide the person towards achieving the desired goals and to keep them on track to achieving the goal Zuckerman, 2005.
The personal mission statement helps to give live a focus and help the person to decide which critical activities they need to focus their time and energy on. My personal mission statement is to encourage, mentor and support individual members of society in their…… [Read More]
Strategic Planning and Implementation
Over the last several years, identity theft has become a major issue that a number of individuals are dealing with. This is because criminals are using various techniques to be able to gain access to a host of personal information including: bank accounts, credit card / social security numbers and the date of birth. Once this occurs, is when they can assume the identity of this person and begin obtaining credit in their name without the victim being aware of what is happening.
Evidence of this can be seen with a study that was conducted by Javelin Strategy and esearch. They found that in 2010 there were a total of 8.1 million people that had their identity stolen. Moreover, the costs for these kinds of crimes were $37 million. (Singletary, 2011) This is significant, because it is illustrating how identity theft is continuing to be a…… [Read More]
Strategic planning VS strategic intent thinking
Conventional strategic planning refers to guides created by an Organization or a business to map out how it will reach its goals and setting the foundation to the entire organization to know what is expected of them. This provides the organization with the clear view on how to achieve a stated vision for the chosen potential market target and how a company can attend and serve its customers consistently effectively so as to get profits all the time and not losses.
Eton Lawrence (1999) describes Strategic intent thinking as the purpose the organization is striving for or the intent goals of the company which helps in long-term planning of how to distribute work effectively among its members so as to achieve their goals.
Strategic intent thinking provides focus on members of an organization on how to divide their energy among themselves as they focus…… [Read More]
Strategic planning refers to an organizational management activity used in order to set priorities, focus resources and energy, strengthen organizational goals, and ensure that both the stakeholders and employees are working towards common goals. It also assists in establishing agreement around the intended results and/or outcomes, assessing and adjusting the organization's scope of responding to any possible changes within the environment. Strategic management is the inclusive collection of the ongoing processes and activities, which an organization may utilize in systematic coordination and alignment of their resources and actions with respect to the organization's mission, vision and strategies towards organizational success. In accordance with good strategic planning and/or management, determination and hard work towards achieving the organization's goal, Ken is capable of achieving his missions and plans of standing the organization to its firm roots and making it operate like the other successful healthcare organizations.
Hunger & Wheelen (2007)…… [Read More]
Present how strategic planning, performance improvement, and information systems are interrelated and fundamental to the delivery of quality health care.
Over the last several years, the health care system has been facing considerable challenges. This is because the total number of patients is rapidly increasing and costs are rising. Evidence of this can be seen with a study that was conducted by the Kaiser Foundation. They found that insurance premiums for employer sponsored plans have increased by 97%. Commenting about these issues the report observed, "Health expenditures in the United States neared $2.6 trillion in 2010, over ten times the $256 billion spent in 1980. Addressing this growing burden continues to be a major policy priority. Furthermore, the United States has been in a recession for much of the past decade, resulting in higher unemployment and lower incomes for many Americans. These conditions have put even more attention…… [Read More]
Strategic Planning at the Chronicle Gazette
Decline of the Newspaper Publishing Industry
Declining Circulation and evenue
Status of Leading Newspapers
easons for Decline in Circulation and evenue
Strategies adopted by different Companies
Steps to be taken by the Chronicle Gazette
Form a Website
Minimize Cost and Increase Efficiency
Adopt Digital Technology
Susan Feiman is the publisher of The Chronicle Gazette, which is one of the most prominent newspapers of the United States. It has gained huge popularity among the people and is being circulated at high levels. This newspaper is recognized as a top class newspaper and the work of its writers has been highly appreciated. However, there has been a great decline in the circulation and subscription of the newspaper for the past few years. In the past eight years, the subscription of the newspaper has fallen…… [Read More]
The Human Rights Campaign (HRC) is the largest LGBT civil rights advocacy group and political lobbying organization in the United States. According to the HRC, it has more than 1.5 million members and supporters. HRC is an umbrella group of two separate non-profit organizations and a political action committee: the HRC Foundation, a 501(c)(3) organization that focuses on research, advocacy and education; the Human Rights Campaign, a 501(c)(4) organization that focuses on promoting the social welfare of lesbian, gay, bisexual, and transgender (LGBT) people through lobbying Congress and state and local officials for support of pro-LGBT bills, and mobilizing grassroots action amongst its members; and the HRC Political Action Committee, which supports candidates that adhere to its positions on LGBT rights. Local activities are carried out by local steering committees, of which there are over 30 located throughout the United States.
Using the HRC as an organization in…… [Read More]
The research completed also shows that both subjective and quantified approaches to strategic planning for externally-oriented nonprofits also tend to create this inferred ownership of the strategic plan, its goals, and therefore increase its probability of success. Clearly having an external focus with a "customer" who is to be served is a highly effective aspect of a nonprofits' strategic planning process. Crittenden & Crittenden (2000) also make the point that nonprofit organizations researched have both instrumental and expressive tendencies at the same time, a deliberate strategy taken to make sure that individual constituencies' goals and objectives are met. This hybrid approach to strategic planning requires a nonprofit organization to be highly agile, informal, and collaborative in its information and knowledge management.
Assessing Strategic Planning in Nonprofit Organizations
The differences in the strategic planning of nonprofit organizations are significant compared to their for-profit counterparts. First, strategic planning in for-profit organizations typically…… [Read More]
This component of planning functions on the basis of the drive to protect the company, as far as possible, from damage by means of external disaster or internal weakness. Contingency planning, then, allows a company to resume operations as soon as possible after a disaster or crisis. It ensures that the company has components in place that promotes its core health and resiliency. In contrast to the others, this type of planning focuses on possible realities rather than concrete factors or reactions to existing factors.
According to Kurtz, MacKenzie and Snow (2009, p. 51), marketing planning focuses on implementing strategic planning activities in terms of presenting the product to the customer in a way that would generate sales. Like tactical planning, this is also a short-range planning system that will necessarily change as the environment and result reveals its strengths and weaknesses. This component also includes the communication strategy the…… [Read More]
Strategic Planning for Companies
Strategic Planning for Cincom Systems
Creating transformational change in companies by automating their most challenging processes, strategies and systems is what Cincom Systems excels at today. The company has five different product divisions, each selling enterprise software into various segments of the Customer elationship Management (CM) marketplace. Privately held with 700 employees employed across five continents, Cincom is also profitable and has had many customers on maintenance contracts for over two decades. The future of Cincom is predicated on how well strategic plans can be defined and executed with its major partners including IBM, Microsoft and SAP. Of these three, Microsoft offers the greatest potential for accelerating the product development plans of the Cincom Manufacturing Business Solution (CMBS) business unit. CMBS generates between $7M to $10M a year in revenue, both on maintenance contracts in addition to new software sales, and has created a line of…… [Read More]
Strategic Planning at the Chronicle Gazette
The Declining Newspaper Readership
The Strategic Planning
The Reestablished Mission of the Chronicle Gazette
The Human Resource Planning
The Importance of Strategic Planning
The Evaluation Criteria
The Anticipated Needs of the Organization
The Strategies of the Competitors
Internal Assessment of the Chronicle Gazette
External Assessment of the Chronicle Gazette
Proposed Strategic Plans for the Chronicle Gazette
The case study presents a detailed and structured analysis of how the preferences of the newspaper reader shifted from the newspapers to the E-papers. The case tends to shed light on the newspaper publishing house, The Chronicle Gazette. Susan Feinman is one of the senior publishers in The Chronicle Gazette. The newspaper enjoys a significant rather an immense paid circulation of 225000 customers. The Chronicle Gazette is a first class newspaper of the city and the writers of the newspaper are splendidly recognized as…… [Read More]
Strategic Planning for Public and Nonprofit Organizations
This study suggests that the achievements of Apple are embedded in Porter's Five Forces model and the recently adopted the resource-based view model. This strategy specializes in creating positive performance relating to the accomplishment of outstanding achievements beyond the objectives set by stakeholders and external experts. The support beams of Bob Mansfield' technique is built on the reliance on the abilities, capitalizing on possibilities, and a business lifestyle permitting the accomplishment of Apple's objectives. Furthermore, through the performance of technique Bob, tasks undertaken created a learning company that is results-oriented.
The first model that took over the ideal thinking in the last two decades was Porter's Five Forces. The conventional management designs describe the company's technique regarding the product placement, the products it manufactures, and the industry it participates (Geraldes, 2011). The design mainly targets the external effects on technique and helps companies…… [Read More]
All of the above represents the first part of strategic planning. You must know where you are now before you can determine where you should be going. The next step is to analyze the alternatives. It is important to remember that the current list of alternatives is not the sum total of options available. The company should be as creative as possible in the alternative-generating process. The external analysis should help with this by identifying opportunities in the marketplace that may not have been part of the initial idea generation process.
hatever alternative is chosen, it should be congruous with the company's existing competencies. Ideally, GIFC will have some source of sustainable competitive advantage that can be leveraged in the new business. Even if not, the strategy should play to the company's strengths, but be manageable within the company's constraints. Because this is a small, family-owned firm, GIFC should consider…… [Read More]
The organization I will be writing about is the Human esources Campaign (HC). The HC bills itself as the "largest civil rights organization working to achieve equality for lesbian, gay, bisexual and transgender Americans" and it represents more than 1.5 million members. The HC was founded in 1980. Its activities are focused on the political sphere, where it helps to finance electoral candidates who support equal rights, engages in education programs and mobilizes grassroots actions (HC, 2014).
Sherman (2007) notes that the organization should begin the strategic planning process with an understanding of the organization, its objectives and its own internal structures, among other factors. Thus, it is important to understand, for example, the strengths and weaknesses of the organization. Strategic planning, as Aguilar (n.d.) notes, is the first step in strategic management, but it is also the most important step.
There are 150 employees of…… [Read More]
trategic Planning Process cenario
ituational Overview- Forming a company that will market and distribute farming equipment into the country of Romania. Initial situational analysis shows unique challenges based on several factors in the country: long history of communism and corrupt infrastructure; rocky, mountainous soil; little experience in entrepeneurialship; some bureaucratic and/or logistical challenges to getting product into the country (supply chain).
trategic Planning Process Overview- When contemplating a new venture, one cannot simply go into a new location and begin to set up a business. Instead, it is necessary to form a strategic plan that will allow for direction, making decisions, and allocating resources to pursue the idea, including human capital and finances. Most agree that in order to know where the organization needs to go, it is important to: 1) Define what the organization does; 2) Why and for whom? 3) How do we excel? 4) How do we…… [Read More]
Smith & White
Analyzing the weaknesses of Smith & White is important for us to make the company more profitable. We should "overcome weaknesses to pursue opportunities" (Strategic Management). When we look at the weaknesses of Smith & White, it is seen that it faces high costs due to old manufacturing plants situated in the high labor urban areas. What Smith & White needs to do is to produce newer more efficient manufacturing plants that are situated in places of cheaper labor. This would reduce the costs more and manufacturing would be more efficient thus meeting the high end-user demands. As Smith & White are already able to obtain high prices, minimizing the cost of production with cheaper labor, Smith & White would be able to maximize its profits.
Further Smith & White already spends a lot in the advertisement sector but needs to change the advertising plan.…… [Read More]
Strategic Planning in Marketing Communications
This work in writing constitutes a review of literature in the area of marketing communications strategies. Several works are reviewed and then reported in the following review of literature.
The work of Mulhern (2009) reports that media "is in the midst of a digital revolution that frees news, information and advertising from the technological limits of print and broadcast infrastructure." (p.85) Mulhern reports that advertising has "traditionally…been immersed in the process of aggregating large audiences and delivering messages to them." P.86) There are several forms that marketing communications can take and in how these communications are received by consumers: (1) audiences are aggregated into monolithic entities with homogenous tastes; (2) advertising can attach itself to media content and project itself onto audiences by interrupting the delivery of that content; (3) consumers will accept the intrusive delivery of commercial messages in exchange for free, or nearly…… [Read More]
In this context, Zook contends that the organization must consider efforts to improve the organization along its current core strategy. These efforts will often produce the desired results. This did not happen at GoAhead. Instead of adhering to the company's core strategy, leaders plotted a new course that further hindered the ability of the organization to remain competitive.
Another pertinent issue that must be addressed in the context of this change is that it was developed and conceived by a small group of leaders in the organization. MacIntyre (2006) in his review of strategy development and strategic planning in the organization asserts that leaders considering change in the organization should make an effort to consult with employees to determine what specific changes could improve outcomes for the company. The process of consultation, according to MacIntyre, can help leaders to better understand the challenges they face and to make decisions that…… [Read More]
Also, employee motivation is expected to be lower than that of a participative style. Employee motivation is important because it drives productivity.
3. The characteristics of TQM companies vs. KB's characteristics
TQM is a total organizational approach for meeting customer needs and expectations that involves all managers and employees in using quantitative methods to improve continuously the organization's processes, products and services" (American Federal Office of Management Budget Circular cited in Milakovich, 1990).
TQM companies make extensive use of techniques, tools and systems to achieve better results. Some of the most famous tools are: Statistical Process Control, ISO 9000 series, Pareto Analysis, Matrix Diagram, Histograms, Tree Decision Diagram, Critical Path Analysis, Fishbone or Ishakawa Diagram (Psychogios and Priporas, 2007).
KB is employing a number of high tech solutions for its activities, such as warehouse management strategies. The company makes sure to engage the best warehouse solutions that fit its business:…… [Read More]
When a business is service orientated, it is less likely to use strategic planning and is more likely to implement a policy of quality assurance. Quality assurance can be defined as the activity of providing evidence needed to establish confidence among all concerned. Typically, this establishment of confidence refers to ensuring consumers that quality related activities are being performed effectively with the goal of ensuring the quality of the product, good or service. Any and all planned or standardized actions needed to provide this confidence are part of a quality assurance program. The purpose of quality assurance is to that specific effective procedures are in place in order to make an advanced assurance that expected levels of quality can be assured.
Quality assurance occurs at all phases of a product or service development, including the design, development, production, installation, servicing, documentation and use. It also pertains to ensuring the quality…… [Read More]
' The bulbs will pay for themselves in about six months and use 75% less energy and the light bulb lasts ten times longer than a standard bulb (CFL, 2009, EPA). Replacing windows and doors with energy-insulating models, although initially expensive, can result in savings over time, especially in areas that are very cold very warm or both.
Other types of upgrading cost next to nothing at all -- turning off appliances, unplugging rarely-used appliances and using 'sleep mode' for computers. Programmable thermostats and changing air filters on heating and cooling devices can also make these devices more efficient, even if it is not possible to replace the unit entirely. Using 'sleep mode' for office appliances that automatically turn off when the unit is not in use is helpful as well, given the ubiquity of computers in homes and offices today. Reducing the thermostat a few degrees, especially when people…… [Read More]
One important point acquired from the reading of Drewniak’s (2010) paper is: strategic planning sets down the roadmap indicating the direction an organization is headed towards, and guides organizations on successfully reaching their intended destination. Strategic plans drive all organizational decision-making, right from technological capabilities and funds to staffing and other requisite resources. Aside from the many corporate analysis approaches employed under strategic planning (such as PEST (Political, Economic, Social and Technological analysis) and SWOT (Strengths, Weaknesses, Opportunities and Threats)), the fundamental one is: it deals with formal attention to a company’s future. Drewniak (2010) identifies strategic management’s chief objectives as:
1. Determining what must be done
1. Ascertaining the road to excellence
1. Ascertaining who must perform the tasks that must done
Routine issues include finance, governmental policy and directives, reforms, client satisfaction and technology. Healthcare heads must take a step back from time to time to reflect and…… [Read More]
IV. Third-Party Payment Systems:
1. a) Healthcare System Reimbursement: Evaluate third-party payer models for the impacts they present on healthcare system reimbursement.
Third-party payment has had a major impact in healthcare system through the aspect of increased demand and in so doing driven up prices. In particular, medical suppliers that deal with comparatively low levels of third-party payment have experienced considerably lower price upsurges in the course of time. The Patient Protection and Affordable Care Act (PPACA) has augmented the practice of high-deductible insurance, but has other features that work against cost suppression and control. In addition, the third-party payer models have also facilitated faster and easier payment practices for healthcare services rendered (Buff and Terrell, 2014).
2. b) Reporting Requirements: Analyze the reporting guidelines of third-party payer payment systems. What opportunities and challenges do they present for healthcare leaders in meeting reporting requirements?
There are opportunities presented to healthcare…… [Read More]
Understanding how strategy works and being able to execute successful strategy are two entirely different things. Moreover, successful execution does not imply that the chosen strategy was the right one. There are many pitfalls along the way between planning strategy and the final result that can determine success and failure.
The most obvious issue is an unforeseen change in the external environment. What is "unforeseen" is open to some interpretation, of course. If Irma disrupts your Florida retail business, was that unforeseen or should you have baked into your plans the fact that hurricanes do tend to hit Florida from time to time? But often, especially with long-run strategy, there is some disruption, either competitive, technological or even a natural disaster, that changes the competitive landscape. If your company does not adapt its strategy, it will surely fail to achieve the objectives, but even if it does adapt,…… [Read More]
Strategic Planning Using Benchmarking Data In Healthcare
Strategic planning is an important antecedent of success in any organization. In the health sector, benchmarking is essential in the strategic planning process because it considers the factors that can be adopted to enhance service delivery and patient satisfaction. With the relevant benchmarking data, the administrator can focus on structuring the management risks, care quality in the healthcare system, and the control of healthcare costs. With such parameters, the projects relating to the healthcare systems will be premised on relevant development indicators. Benchmarking is the process of analyzing and incorporating success factors in a particular process with the aim of enhancing performance in a given industry such as the health sector (Ettorchi-Tardy, Levif & Michel, 2012). Therefore, health administrators should look at the standards geared towards guaranteeing best practices suited to enhancing patients’ expectations.
I will consider clinical governance as a benchmarking activity…… [Read More]
1.1 Evaluate the restraints and constraints on the integration of inter-organisational strategy.
Inter-organizational strategy must evaluate the restraints and constraints on the integration of organizations, such as supply chains, shipping, sales and so on. A constraint keeps the organizational from achieving a goal. A restraint places pressure on the organization as it seeks to achieve the goal. The Theory of Constraints can be used to help organizations evaluate their constraints and restraints in order to make effective decisions and reach their organizational goals (Cox & Goldratt, 1986). Goldratt (1998) would explain the theory as useful in determining and controlling for variations in throughput, operational expense, and inventory. Throughput refers to cash generated by sales, operational expense refers to the cost of production, and inventory refers to the money invested in all the parts required for production. Throughput, expense and inventory can involve numerous organizations, which are in turn…… [Read More]
The assessment that Blue Sky just made a temporary adjustment to a bigger problem is correct. Right now, Blue Sky is facing a situation where they have new leadership, which is going to bring about significant culture change. There will be a lot of resistance, and some changes might be required, and painful. The organization is facing some changes to the external environment that are threatening the long-run viability of key businesses, which provides an impetus to bring about organizational changes. Perhaps the biggest challenges that Willis faces are internal, where there is a very ingrained culture that will be quite resistant to change. He will need to be very careful with respect to how this change is brought about, if it is to be successful.
Some of the issues are with personnel, some of them executives, so there will be a degree of interpersonal conflict, but then there…… [Read More]
The business that I want to start is a small barbeque and soul food restaurant. This business will have one location to begin with. The business will be defined by the quality of the food and the fun, comfortable atmosphere of the restaurant. This paper will first explain the benefits of strategic planning, and then outline some of the strategic plan for my new restaurant.
Strategic planning is "an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working towards common goals and ensure that the organization is setting its direction in relation to the external environment (BSI, 2013). Thus, strategic planning begins with a mission and vision for the company and what it wants to accomplish. These things underpin the actions and directions that the company wants to take.
There are several different elements…… [Read More]
Strategic planning is a systemic and elaborate plan of action expressing the future move or plans a company plans to take. It is a long-term plan that a company puts down in an attempt to shape or build the future. It gives an organization the direction and a goal. This plan can be laid down to cover the near future, but it can run longer depending on the organization's plans. For most organizations, the strategic plan usually focuses on the entire organization. However, a strategic plan can focus on a department or on one product only. This is referred to as a business plan. Strategic planning involves different models, perspectives and approaches, and this depends on the organization leadership, its culture, the planners and also its size, Boyd & euning-Elliott, 1998()
The Sweet Peas Catering services company has the objective of not only delivering their products to the customers but…… [Read More]
Strategic Planning consists of fitting the organization's objectives and resources to the available market opportunities. The purpose of strategic planning is long-term profitability and growth.
Strategic Business Units are independent of one another and maintain distinct missions and specific markets. They have control over their resources and their strategies are unique to their competitive environment.
Strategic Alternatives are different conceptual approaches toward strategic planning. Examples include: Ansoff's Opportunity Matrix, the Boston Consulting Group Portfolio Matrix, and the General Electric Model.
The Marketing Plan Process allows the organization to anticipate future events and design a plan for achieving the organization's objectives by adapting strategies for the marketing environment.
Business Mission Statements provide direction for the organization by defining its business and business objectives.
Situation Analysis is a process that allows the organization to identify its strengths, weaknesses, opportunities, and threats (SWOT). Environmental scanning identifies opportunities and risks based on the six…… [Read More]
Achieving a strategic vision in an era of globalization and increasing competitiveness from rapidly emerging economies is complex and multidimensional in scope. The notion of including an ethical component may appear to be a luxury that some companies cannot afford, yet it is something expected by more and more stakeholders, as well as the general public. Achieving and sustaining a competitive advantage in an increasingly globalized marketplace demands that companies of all sizes and types take advantage of every opportunity to reduce costs and add value. For example, Sussan (2006) emphasizes that companies of all sizes and types require effective leadership in order to formulate a corporate vision and make informed day-to-day decisions. The need for leaders to integrate values and ethics in their decision making has been fueled, in part, by three global trends:
Successful leaders in all types of organization understand that ethics and values are…… [Read More]
General Electric (Collis, Montgomery, 2008) pioneered the development of this framework, working in conjunction with the oston Consulting Group to tailor its specific market sizing and profitability measures to the conglomerate of businesses that comprised GE at the time. One of the key assumptions of the CG Growth/Share Matrix is that there must be continual monitoring of the market, specifically competitors and relative market share growth over time. Only by continually measuring and monitoring these two attributes can the Growth/Share matrix be an effective framework for strategic planning. GE, through their Crotonville Learning Center in Connecticut also defined a series of external customer-facing processes that managers at GE could use to gain the critical information they needed to populate the CG Growth/Share Matrix and use it as a planning tool. Soon other larger multinational corporations (MNCs) with complex value chains and series of unrelated businesses also relied on the key…… [Read More]
Toward that same end, the new strategic plan must also include provisions for a comprehensive centralized governance system.
The second most important reason that MUSC requires a new strategic plan relates to the impact of managed care, HMO insurance, and the healthcare crisis that accounts for many uninsured patients.. Evolving legislation delineating the respective funding responsibilities of federal and state government programs may place additional financial burden on healthcare institutions, particularly those that are engaged in providing education services, those that maintain research programs, and those that furnish medical services to a large proportion of patients who cannot afford to pay for their share of those services. Therefore, a comprehensive plan must allow for subsequent change within its formulation, because MUSC maintains educational programs and research programs, in addition to serving a large needy and/or uninsured constituency.
Finally, the new plan must address the formulation and integration of comprehensive communications…… [Read More]
Their biggest barrier to success dealt with the encroachment of e-commerce and companies who were competing in our market without having brick and mortar expenses; American taxes and employee issues; and American taxation and regulatory issues. Management decided that competition was not dead, and it was up to the company to change and adapt as opposed to ensuring the clients did so.
Traditionally, competition is based on price, offers, and markets -- product or service A versus B. For more sales, more customers. The new market template though, is part of a fluid cooperative environment -- for instance, a great restaurant in a neighborhood that is failing will likely go under. So, the coevolution of companies that take into context environmental issues as part of their ecosystem (supplies, producers, competitors, stakeholders); form a different type of competitive nature. Porter notes that "Substitutes limit the potential returns of an industry by…… [Read More]
Organizational mandates refer to the authoritative basis for a company's actions. Companies today are all subject to certain laws, regulations, articles of incorporation, and so on. These mandates concern a wide variety of company operations, including the assurance of fair competition and financial honesty.
There are both formal and informal mandates. The formal mandates have been mentioned above, and concern formal rules and requirements by authorities. Informal mandates, in turn, are concerned with the norms and expectations of key stakeholders such as elected officials. There could be certain specific rules and regulations required or expected by these authorities, which a company must comply with.
Customers can also dictate mandates, such as that a product must be of a certain quality if a certain price is expected for it, and so on. Good customer service is an example of this, where company employees are expected to liaise with customers…… [Read More]
Lukacs, RN, asserts (Lukacs, 1984, p. 11). So, with those issues clearly on the table (as they are today in many hospitals), strategic planning in hospitals offers nursing directors a direct path to increased effectiveness, Lukacs explains. The way for nurses to get in on the strategic planning movement and increase their clout and effectiveness within the hospital structure, Lukacs explains, is to do the research necessary that matches patient / client needs and preferences "with specific provider strengths and competencies" (p. 12). Doing that research and making certain that those data and narrative get into the strategic plan is paramount to upgrading their departments, Lukacs goes on. "Knowledge of user needs must be accompanied by free and direct communication with the public," Lukacs reminds. She goes on, insisting that nurse executives "…carefully review and contribute to information upon which institutional plans are based…in order to identify implications for nursing…… [Read More]
If a startup is being planned, the strengths and weaknesses are related mainly to the promoter(s) - their experience, expertise and management abilities - rather than to the project. The objective is to build up a picture of the outstanding good and bad points, achievements and failures and other critical features within the company.
Threats & Opportunities
The external threats and opportunities confronting a company, can exist or develop in the following areas:
The company's own industry where structural changes may be occurring
(Size and segmentation; growth patterns and maturity; established patterns and relationships, emergence/contraction of niches; international dimensions; relative attractiveness of segments)
The marketplace which may be altering due to economic or social factors (Customers; distribution channels; economic factors, social/demographic issues; political & environmental factors)
Competition which may be creating new threats or opportunities
(Identities, performances, market shares, likely plans, aggressiveness, strengths & weaknesses)
New technologies which may be…… [Read More]
Summary of ecommendations
1. Goals of the recommendations to the Board of Directors for AM esearch:
a. Seek to stabilize the firm during turbulent economic conditions
b. Capitalize on the growth potential of Web 2.0 technologies and social networking.
2. Starting with competitiveness
a. AM needs to create greater levels of process-based expertise that is relevant to enterprise accounts
b. Transform this expertise and use it in the context of assessing and evaluating vendor clients' strategies.
3. Learning and Knowledge Management Strategic Initiatives
a. Need for creating the role of a Chief Learning Officer
i. Duties include concentrating on unifying all the disparate sources of knowledge in the company into a single version of the truth, a single repository of knowledge that could easily be queried for unstructured content.
4. Managing employees to greater levels of creativity and innovation.
a. Creating more opportunities for individual growth
i. Use personal growth…… [Read More]
5. Strategic recommendation
The strategic possibilities mentioned above are all important and have the ability to provide the financial institution with long-term stability. Nonetheless, since the company possesses limited financial resources at the time being, but also due to the complexity of the external and internal environments, not all four strategies can be developed. It is at this stage necessary to implement strictly those strategies which serve the immediate needs of the company and the stakeholders. In order to identify these needed strategies, it is important to assess them through the lenses of four specific criteria:
esource availability to implement the strategy
Urgency of strategy implementation and esults availability of the strategies.
The table below reveals the criteria-based assessment of the four strategies.
esource availability for strategy implementation
Urgency of strategy
Expectancy of results (in the short-term)
Low…… [Read More]
Strategic Planning Management Health Systems
Two financial metrics that can be used to understand an organization's financial capabilities for strategic initiatives are the OI metrics and OA? The OI metrics address two measures which are resource investments and financial returns (Bloom, 2010). OI metrics contribute innovation management financial discipline and aid in protect and recognizing the worth of strategic initiatives, programs and the whole investment in modernization. Companies with extremely effective and well-organized marketing show much better levels of measurement aptitudes, with approximately half to three-quarters offering positive scores on their capabilities -- which is normally two to three times the levels described from the complete base of marketers (Cave, 2007). The capability to measure marketing performance and enhance the distribution of their marketing budget obviously allows these companies to accomplish and deliver more operational and well-organized marketing. There is a strong correlation among marketing efficiency and competence and the…… [Read More]
These values have a high degree of alignment with the organization's short-term plans. Iron Mountain is presently planning to continue its expansion, but also to build stronger brand loyalty in order to fend off competitors who trade on strong customer relationships. These values bring Iron Mountain closer to those competitors in terms of the way Iron Mountain relates to its customers, delivering a high degree of alignment in the process.
There is a moderate degree of alignment with the organization's long-term plans. Iron Mountain's long-term plans include industry domination and expansion in ancillary document security businesses. ith respect to the latter, there is a high degree of alignment, as these values will help build a competitive position that they can use to expand into new markets. However, dominating the industry is detrimental to the values, as it erodes trust, discourages the deliver of quality service and may in some cases…… [Read More]
Strategic Planning Cycle
Strategic planning is delineated as an organization's practice of outlining its strategy or direction to be undertaken and making decisions on apportioning its resources to carry out the strategy. Strategic planning is largely beneficial to the organization in that it outlines the short-term benefits sought after and where the company seeks to get to. The strategic planning cycle exemplified in a sequence of formal planning procedures, makes certain that managers evaluate key strategic issues being faced by the organization. This is imperative to get through the common preoccupation with operational problems in the short run. In addition, it offers a sensible structure to help managers to deal with their strategic problems in a systematic manner, and also make certain that no key problems are left unaddressed (David and David, 2016).
The strategic planning cycle involves four steps. The first phase of the strategic planning cycle encompasses initiating…… [Read More]
Strategic Planning for usiness
The objective of this study is to examine the importance of strategic planning for business. Toward this end, this study will conduct a review of the literature in this area of inquiry.
Zuckerman (nd) writes that the concept of strategy 'has roots in both political and military history, from Sun Tzu to Homer and Euripides. The word 'strategy' comes from the Greek 'stratego', which means to 'plan the destruction of one's enemies through effective use of resources'." (p.5) Many of the terms that are associated with strategic planning including "objective, mission strength and weakness' are reported as having been developed by or used in the military." (Zuckerman, nd, p.5)
The work of Swayne, Duncan, and Ginter (2008) state that "strategic planning defines where the organization is going, sometimes where it is not going, and provide focus. The plan sets direction for the organization and -- through…… [Read More]
Today, the extent to which a company's processes and it systems are integrated is the extent to which their strategic plans can be attained and the focus on long-range goals can be kept consistent (Hassan, 2010). This integration of systems is now critical for businesses to attain the level of process, department and division synchronization necessary to attain their strategic plans. From the context of tight coordination within a company to attain strategic goals and objectives, it planning and strategic planning continue to converge.
Another factor that illustrates how the general principles and strategies of strategic planning apply to it planning is from the customer orientation mindset. The focus on who exactly the customer is for a given series of it systems must always stay in focus for the projects and programs to stay on track and meet or exceed expectations, and deliver value. The same holds true with the…… [Read More]
Strategic Planning- Tourism Strategic Plan Lewis-Clark Valley
Lewis-Clark Valley is the beautiful site of Lewiston, Idaho and Clarkston, Washington. The historical background of this valley is rich in cultural stories and its own heritage that dated back in some 18th century. The area has been land of Nez Perce Indians who had travelled to this valley and lived long in the land and rivers. The valley is so named because in the 1805, the Corps of discovery explorers Meriwether Lewis and William Clark visited this place and was welcomed by the native people. This meeting and warm welcome has developed good relations with the land and its people thus named it after their second names. Lewis-Clark Valley is the land of miners, merchants, railroaders, millworkers and farmers. Its geographical location is somewhere 465 miles from the Pacific Ocean at the convergence of the Snake and Clearwater ivers.
The cities of…… [Read More]
" Of these respondents, over 50% of them stated that they lack a disaster recovery plan (Anthes, 1998). However, most of the problems stem from the lack of communication at the corporate level. (Hawkins, et al., 2000).
Business Continuity Plans (BCP) and other forms of strategic planning are no longer a luxury, but a must-have factor and an important element of any organisation's risk management system. Organisations are increasingly dependent upon it systems and infrastructure and eventually subjected to many risks, so business is inherently risky. How long can your organisation afford system downtime? How long does it take to recover a disaster; and, what does it cost? These kinds of questions are the ones that have to be addressed for BCPs. Also important, however, is using strategic planning to look toward the future and determine where a business wants to be at a specific point, so that plans to…… [Read More]
While many banks are closing branches, that is not necessarily the best strategy for banks attempting to stay close to their customers.
Transaction costs: Of course all banks want to reduce transactions costs, but how many look at their customer's cost/value trade-offs. A win-win may be online banking at Wells Fargo, or a tie-up with Quicken and Microsoft Money, assuming the customers in focus are computer-savvy and are happy with low touch. Transaction costs exist on both sides -- the bank and the customer. A bank's strategic plan should insure that the customer sees time-savings, lowered costs or improvements to his/her business.
Promotion: Promotion, advertising and other techniques should be the result of the above thinking. Once a bank decides on its chosen market and what services it wants to deliver, the decision on marketing strategies is much easier.
The preponderance of evidence indicates that banks which employ strategic…… [Read More]
The second process, organizing, involves the practical application of the planning stage. During this stage, I will need to acquire and organize the resources I need to start my business. I will for example acquire the texts I plan to sell, set up a Web presence from where to do this, and so on. This is also a stage during which business relationships are established, which I will also do via the Internet and email. I can for example find business associates to help fund the enterprise. It is projected that the entire business will be conducted from an online platform.
Directing is the third function. For my situation, this will basically mean that I maintain my business relationships with my partners, and that we establish tasks for each partner according to the goals of the company. Most of the business will be handled by myself, especially initially, so I…… [Read More]
There is a strong financial incentive to encourage consumers to 'over-consume' drugs. While clearly some patients benefit from taking antidepressants, statins, and even antipsychotics, these drugs have become treatments of first rather than last resort for many people, because of the direct-to-consumer marketing of medications. Behavioral therapy and lifestyle changes, given the side effects of many drugs, might be a better way to treat milder forms of depression, high cholesterol, and attention deficit hyperactivity disorders (ADHD).
Drug companies have a financial incentive in encouraging patients to seek out 'more' treatment for illnesses that disproportionately affect individuals with good health insurance. Additionally, drug companies have an incentive to constantly create and generate interest in new drugs, as patents for existing drugs have a limited shelf life -- although these drugs may not be designed for individuals with the greatest critical health needs. There will always be an ethical problem in the…… [Read More]
Additional reasons include tracking key authors who contribute to the journals and magazines on the site as well. The content is constantly changing and of high quality.
What information was expected to be found and was not there it would be expected to find more analytical frameworks and constructs specifically focusing on how to apply the strategic planning concepts discussed.
One would expect to find for example an analysis of Dr. Michael Porters' Competitive Advantage of Nations' concepts and the use of his determinants of market and competitive demand, Porter (1990). In addition one would expect to find more analysis of the blue ocean strategy as others have done CM Buyer (2005) as well.
Links from the site that are helpful
The site in general is well organized yet lacks links to external resources. As the site is somewhat myopic in this regard, the links to search engines for finding…… [Read More]
administered, strategic planning can help guide organizations of all sizes and types even during periods of challenging operations. Strategic planning can also help organizations reduce their unplanned turnover, an outcome that is especially important for nurse managers who are already faced with a widespread nursing shortage of epidemic proportions. The purpose of this study was to provide a review of the relevant literature to develop background information concerning strategic planning, the nurse manager's role in strategic planning, the significant problems and issues involved in strategic planning, and a discussion concerning these issues based on an appreciative inquiry conceptual framework. Based on the findings that emerged from this study, a series of recommendations are presented in the conclusion.
Nursing Leadership ole in Strategic Planning
Today, nursing leadership involves a broad range of activities that require nurse managers to remain flexible and vigilant in order to be responsive to the dynamic…… [Read More]
STEP 8 - INTEVENTION IMPLEMENTATION PHASING
The initial implementation of the automated calling system will require a significant amount of data entry concerning patient contact data; however, this data can be integrated in digital form from existing healthcare information management system as discussed further below.
PLANNING MODULE III - DETAILED HIMS PLANNING and COSTING
Although the actual acquisition of the automated calling system selected for this initiative will be completed by the hospital's purchasing department, a preliminary review of available representative systems that meet the needs of the ENT department is provided in Table 1 below.
epresentative Automated Calling Systems and Specifications
BroadcastByPhone: Automated dialing software can reach people by phone or by voice mail with personalized messages the auto-dialer uses a computer to deliver personal calls or leave answering machine messages in a human voice or a computer-generated voice. Calls are delivered…… [Read More]
Accounting for Strategic Planning with a Multi-Fold Process
My vision for a nonprofit would revolve around empowering youth to exceed in life by teaching music production. The concept is relatively simple. I would utilize funding to procure both office space and equipment for the most relevant music production equipment available today. Such equipment typically consists of laptops, MIDI keyboards, microphones, and software programs. Then, I would offer after school training in music production for those in high school. In order to enroll in these classes, however, students must maintain a certain grade point average. Thus, tutoring in formal academic classes is an integral component of this nonprofit as well. The mission statement for the organization is: Teaching children to succeed in music and in life.
Strategic planning could benefit this organization in a number of ways. Firstly, strategic planning could provide the means for the initial start- up funding. It…… [Read More]
Travel and Tourism
Tourism in Malaysia: A Comprehensive Overview
Malaysia like the United States of America is often referred to as a "melting pot" of people from many different countries, including Chinese an many other Asian cultures as well as other ethnicities, living together happily. While Malaysia is often cited for its multiculturalism, there are many also reasons this country is often known as a utopian paradise for tourism and travel. There are dozens of reasons to travel and tour Malaysian, including the people who are warm and lovely, eager to welcome and delight the millions of people that come exploring each year. Malaysia encompasses 13 states which are also home to 3 federally held territories. These are separated by the South China Sea, where 11 states lay and the territories of Kuala Lumpur and Putrajaya rest in Peninsular Malaysia and the one remaining federal territory Labuan in East Malaysia…… [Read More]
Innovation and Virtual Environments
The rapid pace of technological innovations in recent years represents a dual-edged sword for organizational leaders. On the one hand, these technologies have introduced so-called "virtual environments" that facilitate the sharing of knowledge and collaboration among practitioners. On the other hand, though, leading others in virtual environments carries some special challenges that must be taken into account in order for the medium to be effective. For instance, in his essay, "Managing the ever-more-distributed workforce," Novitski (2008) makes the point that, "Despite vastly faster communication speeds, modern companies face similar challenges of trust and control with off-site workers" (p. 83).
Although every virtual environment is unique in some fashion, they all share a common need to take cross-cultural differences that can adversely affect communications into account, as well as need to keep isolated employees motivated and engaged in the process. In this regard, Novitski emphasizes that, "One…… [Read More]
Strategic Planning eport
What are the major components of strategic management, and why is each component needed for success?
Establishment of the Goal -- This element serves to make the organizational vision clear. It encompasses the identification of three important aspects, namely, Definition of long- as well as short-term objectives; Identification of the means by which to attain the goal; and Customization of the procedure for employees, through assigning to every member a task they can succeed in (Kazmi, 2008; Jasper & Crossan, 2012).
The component of analysis entails collecting sufficient data and facts pertinent to realizing the defined vision. Emphasis must be placed on understanding organizational needs (considering the enterprise a sustainable unit), its strategic course, and identification of initiatives to facilitate business growth (Kazmi, 2008; Jasper & Crossan, 2012).
Formulation of Strategy -- The element of strategy formulation entails information review from analysis, ascertainment of currently available resources…… [Read More]
Apple Inc. and Industry
Apple Inc. is global technological corporation based in California, America. The company's business operations encompass the designing, developing and retailing of computer software, electronics and also provision of online services. In particular, Apple Inc. is set within the technology industry, competing on different fronts such as the mobile sector and computer sector as well. Technology transformation and change has completely altered the mobile industry and the manner in which it used to function. The internet specifically has changed the way in which people view business and make transactions. The current business model of Apple Inc. can be categorized broadly into three sectors: etail, Software Engineering and Hardware Engineering. Apple can be said to be a multinational corporation as it is involved with three major companies; Microsoft, The Gap and Dell which lie in different industries and that makes it even more successful. The software…… [Read More]
Understanding consumer buying process is very critical to make consumer complete transactions. (Homburg, Sabine, Harley, 2009).
Cango Company should design a very good Website to assist consumer to complete buying process.
Cango should provide necessary information in the company Web page to make consumer complete buying process.
The Homepage should deliver extensive information about the company's product and services.
All information should be displayed at the Webpage strategic location where consumer will be able to view the information without problem.
Strategic ecommendations Contn
The Webpage should mirror consumer's buying process starting from the problem recognition to a product purchase.
Cango should also carry out an extensive research on consumer characteristics that include demographic and psychographic consumer's patterns.
The company should understand the psychological, personal, and social factors affecting buying behaviors.
Strategic ecommendations Contn
Analysis and evaluation of alternative products is also very critical in a consumer buying process.…… [Read More]
alternative models to strategic planning? What are the pros and cons of these models? How successful have they been when organizations use them? 400 Words
Strategic planning processes have not always been perfect for organizations. In my papers for instance, I noted plans that I have for Dendro. They sound perfect and I have no changes to make to nay of them. However, alternative models to strategic planning are just s helpful. Strategic planning when done appropriately can be fine, but other times, alternatives may be needed and these include others such as engaging the board, getting everyone on the same page, getting buy-in from stakeholders, and so forth. Some of the alternatives are the following:
Focus on the questions that need answers
The organization (or Dendro in this case) can begin sessions with four or five questions that we want un ambivalent answers to and want to focus our…… [Read More]