...Assignment: Analysis for Effective Planning Step 1: What Is Your Strategy Strength? Reference “What is Your Strategy Strength?” on page 237 in Chapter 8. Managers practice differing strengths and capabilities when it comes to formulating and implementing planning strategy. Respond to each item as it best describes how you respond to work situations. There is no right or wrong answer. Interpreting your score will help identify your strengths and capabilities. This activity provides a valuable insight into your managerial skills and is a great way to prepare and begin Unit 3. You will apply this information as you write your paper. Step 2: Click to use the SWOT Analysis Diagram Template Use this diagram template as a visual representation of your planning strategy. Complete Steps 1–7, and insert relevant information into each component of the SWOT diagram. Please focus your attention on this activity. Some of the most valuable planning ideas can emerge when this type of diagram is used in collaboration and communication with other team members. Step 3: Write and submit your Assignment paper As you write your paper, integrate both the “What is Your Strategy Strength?” and your completed SWOT Analysis. How do you see your strategic strengths expressed in your SWOT? How can you compensate for your strategic weaknesses in your SWOT? Construct your paper with subheadings that connect to the key components of the grading rubric. Title your paper- “Applying SWOT Analysis for Effective...
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...observations and recommendations in this report will assist you in your quest to take Can-Go to the next level. Again, it has been an absolute pleasure teaming with you over the past eight weeks and we look forward to serving your needs in the future, if you should have any questions regarding the contents of this report I would be happy to discuss it with you in person or, if you prefer, by phone at (555)-343-5555. Sincerely, Charles Davenport IDC Solutions Contents Abstract 4 Introduction 5 Mission and Vision 5 The Strengths Weakness Opportunity and Threat Analysis 6 The Strategic Planning Process 7 Phase 1: Getting Started: 8 Phase 2: Preliminary Planning. 8 Phase 3: Strategizing. 9 Phase 4: Implementation. 9 Phase 5: Control 9 Strategic Management Tools 9 Evaluation of Performance 11 Summary of Recommendations 12 Conclusion 13 References 15 Table of Figures Figure 1: SWOT...
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...“Applying SWOT Analysis for Effective Planning” By: Krystal Newton July 8, 2014 Introduction As a graduate business student, I am learning and practicing on becoming an effective manager. According to Daft Chapter 8, much skills and analysis will help managers become successful. Chapter 8 focuses on SWOT Analysis. The purpose in applying a SWOT diagram as a planning tool to assist in organizational performance (Daft, 201420). A SWOT analysis is beneficial in helping an organization identify the strengths, weaknesses, opportunities and threats during the planning process of creating new goals within the organization. Strengths are positive internal characteristics that can help an organization achieve its strategic performance goal. Weaknesses are internal characteristics that may restrict an organization to achieve the goal (Daft, 201420). While planning all these factors, it will help an organization consider all areas needed and successfully achieve goals. When creating SWOT analysis a company opens up opportunity to learn more about what is beneficial and what is not to the organization. Problem Currently I am employed with Freedom Landing, a non-profit rehabilitation day program and residential service. We have been serving the mental health community for 30 years. We are known for or family like environment. We practice and believe in assisting each person’s developing and enhancing the skills needed for living in today’s society. Freedom Landing believes that...
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...Management Planning MGT/330 January 25, 2012 Management Planning Over the last few decades, managers of businesses large and small have been applying formal planning techniques to set forth long and short - term goals for their companies. Managers also prepare the company to respond to known and unknown circumstances that may occur in the future. Planning is a deliberate and methodical decision process pointed at setting goals for the purpose of advancing business. This function is controlled by managers at all levels who draw on the intelligence and expertise of the employees and delegate assignments accordingly. To be done well, the six steps of the basic planning process must be implemented in the planning function of management. This basic planning process is a critical function that involves an analysis or overview of the situation at hand. A review of any alternative goals and plans that can be used along with the evaluation of goals and plans, selection of which goals and plans will be used, implementation of the plans and goals, and establishing control systems to monitor the progression of the goals and plans (Bateman & Snell, 2009). The executive management team made up of the Chief Executive Officer, the Chief Financial Officer, the Chief Operating Officer, and sometimes, a Chief Intelligence Officer is referred to as the strategic managers that are responsible for strategic planning of the organization’s long-term goals and strategies...
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...PHL 320 Week 3 Knowledge Check To Buy This material Click below link http://www.uoptutors.com/phl-320-new/phl-320-week-3-knowledge-check 1. Step 2 of the planning process is the generation of alternative plans that may be used to achieve goals. The generation of new ideas may emerge A. only if the person is thinking about the situation B. while the person is doing something else C. only in a group discussion D. only while asleep 2.To be effective, goals should have certain qualities, which are easy to remember with the acronym SMART. Which of the following qualities are included in the SMART acronym? A. Authentic B. Market C. Specific D. Trends 3. Managers analyzing the external environment and the internal resources use a SWOT analysis. Which of the following matches a term in the SWOT acronym? A. Timing B. Stress C. Opportunities D. Work plan 4. Which of the following are included in the three elements of creativity: A. Domain skills B. Innate ability C. Rote memory D. Followership 5. The four step creative process includes A. the statement process B. the stalemate process C. the incubation process D. the coverage process 6. Which of the following is a domain skill? A. Expertise B. Reading for pleasure C. Athletic ability D. Emotional stability 7.Barriers to applying creative thinking in business decision making include A. not listening to new ideas from front line managers B. brainstorming for creative ideas C. customer satisfaction...
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...Why are we talking about companywide strategic planning in a marketing text? What does strategic planning have to do with marketing? Marketing is defined as The process by which company create value for customer And build strong customer relationships in order to capture from customers in return. Define strategic planning: - the process of developing and maintaining a strategic firm between the organization’s goals and capabilities and its changing marketing opportunities. -Various business analysis techniques can be used in strategic planning, including SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats ), GE/McKinsey portfolio analysis, COPE analysis, PEST analysis (Political, Economic, Social, and Technological), STEER analysis (Socio-cultural, Technological, Economic, Ecological, and Regulatory factors), and EPISTEL (Environment, Political, Informatics, Social, Technological, Economic and Legal). Example: McDonald MacDonald have strengths in variety of their product. Their menu consist of burgers, sandwiches, French fries, vegetable salads, milk shakes, desserts, and ice cream sundaes. The top seller of the company can also be considered as innovative products which include the Quarter Pounder with Cheese, Big Mac, the Filet-O-Fish, and Chicken McNuggets. In order to adhere to the needs of the customers for a healthier products, the company has also added variety of nutritional foods which include the Salads Plus products i.e. Garden Side Salad...
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...indicated.Signed __________________________Name and Surname : Date: 17 January 2013 | TABLE OF CONTENTS 1. EXECUTIVE SUMMARY 3 2. IDENTIFIED PROBLEMS 2.1 Identify the Organisation’s Strength and Weaknesses 4 2.2 Never fully adopted, nor implemented any form of Project Management 5 2.3 Performance Management (KMIP) 5 2.4 Evolved Company Structure - Organisational change 5 2.5 Lack of Project Integration and Communication in organisation 6 2.6 Talent Management 6 2.7 Prioritisation and selection of projects and project teams 6 2.8 Outsourcing of non-core functions 6 3. CONCLUSIONS AND RECOMMENDATIONS 3.1 Identify the Organisation’s Strength and Weaknesses SWOT ANALYSIS 7 3.2 Implementation of Programme and Project Management into the Organisation 7 3.3 Key Performance Indicator (KPI) 9 3.4 Evolved Company Structure - Organisational change 11 3.5 Project Integration and Communication in organisation 13 3.6 Talent Management 14 3.7 Prioritisation and selection of projects and project teams 16 3.8 Outsourcing of non-core functions 18 4. REFERENCES AND BIBLIOGRAPHY 19...
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...Environmental Scan Barbara Hicks MGT/498 October 26, 2015 Environmental Scan The perception of environmental scanning is important to the short term and long-term success of a business. The environmental scan continued use by present and future businesses to scan, examine, calculate, and project the internal and external elements of their marketplace. Companies use a SWOT Analysis to establish the performance of the markets environment. The company will analyze consumer and competitor’s behaviors, trends, strengths and weaknesses in the market. Performing an environmental scanning and SWOT Analysis is vital to an organization’s success. SWOT Analysis A) give a detailed assessment of the opportunities, trends, and consumer existing in their market environment. B) Establishes an awareness of their markets environment so that their company can increase the strategic planning and decision-making process. (U.S. Department of Health and Human Services, n.d.). C) Establish the internal resources needed to achieve their organizational goals and objectives. D) Establish the vision and strengths to identify the companies’ strengths, weaknesses, opportunities, and threats. (CPS Human Resource Services, 2007). To show the importance of environmental scanning and the competitive advantages that could arrive from using this assessment tool, this paper will conduct an environmental scan on Nike Inc., and A.O. Smith Water Products Company. The environmental scans of...
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...Strategy development by using SWOT - AHP Dijana Oreski1 1 Faculty of Organization and Informatics, University of Zagreb, Pavlinska 2, Varazdin, Croatia Abstract –This paper employs combination of SWOT analysis and Analytic Hierarchy Process (AHP) in strategic planning for tourism of small mid-european city Varazdin, which is located in the north west of Croatia. SWOT analysis identifies internal and external factors which are prioritized by expert in tourism domain by means of AHP. The prioritized SWOT factors are used in strategies formulation using TOWS matrix. Results indicate that proactive communication strategy and isolation strategy with effective marketing promotional strategy were the best strategies that could have been implemented. Keywords – SWOT, AHP, strategy formulation. cases in the strategic management process. One of them is the SWOT analysis. This article explains the SWOT analysis, provides the theoretical background and an overview of the application of the SWOT analysis. As some authors have identified weaknesses of the SWOT, analysis is combined with a method for multi-criteria decision analytic hierarchy process (AHP) in order to avoid these disadvantages. Therefore, in the second part of the paper AHP method and SWOT AHP hybrid method are described. Following the basic steps method, SWOT AHP is applied to the example of the city of Varazdin strategic marketing plan definition. 2. SWOT analysis SWOT is an acronym of strength, weakness, opportunities...
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...Reflection Paper This reflection paper describes three large sections of the author trying to convey. These three parts are Strategic Management from the writer’s point of views, Strategic Management from the participants or students’ perspectives in class discussions and application Strategic Management in everyday life, especially in the military context. 1. Strategic Management from My Point of Views Before implementing a selected strategy from several alternatives, we should carefully analyze and consider the selected strategy. Strategy analysis can take a longer time before coming to the decision-making process. The intention is that an organization will be on the effective condition and position in attempting created goals and objectives in various influences from internal as well as external factors. Sometimes internal and external factors change the level of intensity and urgency in conducting certain kinds of strategic decisions completely. The orientation of such specific strategies based on various assumptions is related to the assumption which has been used by the planner, in this case, a manager or leader in an organization to produce a decisive strategy. Managers or leaders have to fully aware that all consequences from the implementation of the strategy are being measured and estimated appropriately. After an organization formulating their strategy, then the working units in the organization can set some technical ways in conducting the strategy. The next step...
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...THE PROCESS OF STRATEGIC PLANNING ARTICLE #1 OF 10 INTRODUCTION TO STRATEGIC PLANNING Strategic planning is to a business what a map is to a road rally driver. It is a tool that defines the routes that when taken will lead to the most likely probability of getting from where the business is to where the owners or stakeholders want it to go. And like a road rally, strategic plans meet detours and obstacles that call for adapting and adjusting as the plan is implemented. Strategic planning is a process that brings to life the mission and vision of the enterprise. A strategic plan, well crafted and of value, is driven from the top down; considers the internal and external environment around the business; is the work of the managers of the business; and is communicated to all the business stakeholders, both inside and outside of the company. As a company grows and as the business environment becomes more complex the need for strategic planning becomes greater. There is a need for all people in the corporation to understand the direction and mission of the business. Companies consistently applying a disciplined approach to strategic planning are better prepared to evolve as the market changes and as different market segments require different needs for the products or services of the company. The benefit of the discipline that develops from the process of strategic planning, leads to improved communication. It facilitates effective decision-making, better selection of tactical options...
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...a Business Plan’ Introduction Most successful organisations have a clear vision or sense of purpose. They also have well defined objectives to aim for and a way of measuring their performance. These are the vital ingredients of a Business Plan. Some of the benefits of business planning are that it: • Forces people in the organisation to stand back, and review business performance and the factors that are affecting the business • Encourages people to consider strategic options and make informed decisions • Improves communication and builds commitment by involving people throughout the organisation • Can be captured in a single document and communicated to everyone involved. Definitions Business Planning is a process that identifies where the organisation wants to be and by when, and shows how it will get there from where it is now. A Business Plan is a document that captures the outputs from the business planning process. Key steps in business planning The key steps in creating a Business Plan are: 1. Setting a vision for where you want to be 2. Gathering and analysing information about where you are now 3. Setting performance objectives and making plans to close the gap 4. Planning how to monitor progress. Learning Resources Tel: 08456 047 047 Web: www.traintogain.gov.uk Email: traintogain@businesslinksw.co.uk 1. Setting a vision for where you want the organisation to be The core of your Business Plan is your vision for the future. Steve Jobs founded...
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...Strategic Management BBA 4126-10F-2, Project Planning Daniela Green 19 February 2011 Introduction Strategic management is increasingly becoming a popular practice in management circles as the business environment becomes increasingly complex. Strategic management involves an energetic restructuring procedure based on the analysis of internal and external environments. It may involve small or numerous changes in operations aimed at guiding the growth of the business. Using well-defined processes and activities under various perspectives, strategic management oversees changes in various functions of the business that ensure sustained growth of the entire organization (Thompson, 1993). This paper will review the concept of strategic management. It will consider the activities and key terms in strategic management as well as variables affecting strategic management, citing the benefits that arise from the process. Additionally, the paper evaluates ethical perspectives of strategic management and, finally, highlights potential risks and, pitfalls of strategic management. Strategic Management Strategic management is a management activity that revolves around three major interdependent poles, the senior management, the environment and, available resources. At the core of strategic management is the term strategy, which refers to a specific pattern of decisions and actions spelled out by top management of an organization to accomplish targeted performance goals (Barnat...
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...term objectives of the company although there out come can also be seen in short term. Dedication: This means resources commitment and investment that cannot be undone simply. This is done in the marketing of the company, operation changing etc. (Haberberg A. and Rieple, A. 2008) A company's strategy refers to the when, how and why of its existence and working. It basically entails the efforts that the company's management put in to achieve its objectives that pertains to selection of type of clientele, market situation and market form, what competitive advantage to follow and how to perform successfully in long term with taking into the its implications in short term. (Thompson, A.A. and Strickland, A.J. 2003) Strategic Analysis Strategic analysis is very important for any company, whether operating on small or large scale. If an organization has a vision for long term existence then it has to follow the ground rules. As taken from Business Dictionary, strategic...
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...Introduction This report has been design to identify some of the major issues within Cyclermate Ltd. This report of mine consists of a SWOT and PEST analysis on the chosen organisation. The report will include a brief summary on how business used to be operated including production and Human Relation. The report will also include a brief summary on the financial side of the business. The report will include brief summary about the company’s marketing structure. Recommendation and conclusion will further be explained in detail. PEST Analysis A political factor has a powerful impact on income tax, labour law, trade restriction and many more. Company did not recruit enough workers to meet the targets and worker had to work overtime to get the work done and workers are getting paid at normal rate. Using a traditional method may harm workers health and decreased their productivity as well. An economical factor has a powerful impact on business; Cyclermate had bought a bigger warehouse than they actually needed. If they would have bought a warehouse which meets their requirements than money could have been saved and the saved money would have been used in a new or existing project. Cyclermate has employed an untrained worker and did not train them once employed. Having an untrained workforce in organisation will decreased productivity. Social factor has a powerful impact on human behaviour, Cyclermate had many order but they did not have enough workforce to complete these orders...
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