...DEVELOP & IMPLEMENT STRATEGIC PLAN DEVELOP & IMPLEMENT STRATEGIC PLAN Introduction: The purpose of strategic or long-range planning is to assist the Association in establishing priorities and to better serve the needs of the membership. A strategic plan must be flexible and practical and yet serve as a guide to implementing programs, evaluating how these programs are doing, and making adjustments when necessary. A strategic plan must reflect the thoughts, feelings, ideas, and wants of the developers and mold them along with the Association's purpose, mission, and regulations into an integrated document. The development of a plan requires much probing, discussion, and examination of the views of the leaders who are responsible for the plan's preparation. However, more often than not, the development of the plan is less complicated than is the implementation. Implementation, in essence, pulls a plan apart and diffuses it throughout an organization. Every unit within the organization which is involved must then accept the plan, agree to its direction, and implement specific actions. In order to effectively and efficiently implement a plan, all individuals involved in its implementation must function as a whole or the plan is destined for failure. [pic] Part A A DEFINITION OF STRATEGIC PLANNING Strategic planning is a tool for organizing the present on the basis of the projections of the desired future. That is...
Words: 2479 - Pages: 10
...importance of each major step in policy analysis as it relates to political choice. Next, debate if one would consider any of these steps more important than another. Provide a rationale to support your answer. • Consider Luther Gullick’s views on the division of work. Discuss the overall manner in which the division of work that Gullick espouses impacts the size of public administration. Provide two to three (2-3) examples of such an impact—or lack thereof—in order to support your response. • From the e-Activity, select two to three (2-3) aspects of the U.S. Office of Personnel Management’s (OPM) 2014-2018 strategic plan that would mostly likely be difficult to implement, and analyze the main reasons why the aspects in question would make implementation such a challenge. Next, suggest one (1) method that a policy analyst could use in order to implement the strategic plan overall. Provide a rationale to support your answer. PAD 500 WEEK 3 DQ “Planning, Implementation, and Evaluation” Please respond to the following. Note: Online students, please respond to two (2) of the following three (3) bulleted items. • Evaluate the importance of each major step in policy analysis as it relates to political choice. Next, debate if one would consider any of these steps more important than another. Provide a rationale to support your answer. • Consider Luther Gullick’s views on the division of work. Discuss the overall manner in which the division of work that Gullick espouses impacts...
Words: 968 - Pages: 4
...Final Strategic Plan Bus/475 Integrated Business Topic Final Strategic Plan The strategic objective of Dunkin Donuts is to constantly fuel the growth of the franchise by continually trying to engage and attract potential new customers – while keeping current customers loyal. To meet these strategic objectives, Dunking Donuts must compile date and complete a balanced scorecard. According to Pearce and Robison (2009), a balanced scorecard measures a company’s financial performance, customer knowledge, internal business processes, learning, and growth to strategize to plan to meet company goals. The date compiled will be analyzed to measure process performance, productivity improvements, operations metric, employee satisfaction, employee turnover and retention, evaluate the level of organizational capacity, discover the nature of the organizational culture, and research the technological innovation of the company. Process or Internal Operations Perspective 1. Measure of process performance. A. Measure every employees’ performance including store managers and supervisors B. Look at the least productive stores and compare them to more profitable stores. Observe what the least productive store may be doing different from the more productive store. Implement those differences and observe if they work to better the store. C. The productive stores should be analyzed to determine where deficiencies lie and fix it. D. Observe how the current process can be made better...
Words: 1006 - Pages: 5
...Strategic Plan: Riordan Manufacturing MGT/498 October 2013 Riordan Manufacturing Strategic Plan Why is strategic management necessary? Strategic management, and business policies are essential for organizations to gain competitive advantage within their respective markets. Organizations like Riordan Manufacturing implement policies, and procedures to provide structure, and standardize operations in efforts to maintain proper control of production, inventory, and logistics. Developing a strategic plan focuses on the need for planning, roles of ethical and social responsibility, current competitive advantages, innovation, sustainability, internal dynamics, influence of business continuity, and assessment, and feedback. The following discussion details a strategic plan for Riordan Manufacturing. Topics include areas of environmental scanning, strategy formulation, strategy implementation, evaluation, and control. Riordan Manufacturing Effective Strategy Guidelines Riordan Manufacturing is focused on what really matters, the bottom-line performance and long-term healthy survival of its organization. Now that Riordan Manufacturing has implemented an effective competitive strategy it must evaluate and measure its performance. Measuring its performance is critical to the success of Riordan Manufacturing. By implementing an effective measurement guideline, it would help Riordan Manufacturing in tracking the progress against its goals and objectives; identify areas of improvement;...
Words: 2052 - Pages: 9
...special skills. Strategic direction can be defined as a course of action that ultimately leads to the achievement of the stated goals of a business or organizational strategy. Strategic direction is established during the strategic planning phase of an organization. During the strategic planning process an organization will create a strategic business plan and establish a written vision and mission statement. A strategic business plan differs from a business plan in that the strategic plan focuses on objectives, values, focus areas and performance indicators while a business plan focuses on functions of business that refer back to strategic direction strategic driver is a critical factor that can make or break an organization's strategy. Strategic drivers are the natural movers of the strategic plan that implements the strategic direction of a business or organization. Strategic drivers translate stated objectives in the strategic business plan into actions supported by resources that have been allocated by the organization for that purpose. Examples of strategic drivers at Lansing Community College are team-based learning and service learning. These strategic drivers are actionable means by which the college implements the stated strategic goal of educating students in team-based problem solving and social and civic engagement. According to Execution - MiH, strategic execution management is the process of making the strategic decisions and strategic business plan happen. This...
Words: 289 - Pages: 2
...Concepts Assessment 2: Report Report on Strategic Management at Eastman Kodak Prepared by: Alisiya Bell S2944536 Due Date: Tuesday, 23 September 2014 Word count: 1426 Introduction: Once a great leader and legendary brand in the photographic film industry, Eastman Kodak is now fighting to recover from a tech revolution that is strangling its core business. Kodak Chief Executive Antonio M. Perez is on the road to innovation. Taking in to consideration of the mistakes and lessons learnt from the past, Perez is reinventing the company’s core business model. As Perez reassembled the business he replaced a lot of executives to get the organisation on track. While Perez’s innovation of the organisation could be argued that this will help Kodak recover, there are also many substantial problems that could occur. One major problem for Kodak is the lack of strategic management. Although there are many various ways to define strategic management, David, F.R (2009) defines strategic management as a “continuous process of strategic analysis, strategy creation, implementation and monitoring, used by organisations with the purpose to achieve and maintain a competitive advantage.” Problem Identification: All main business ideas for Kodak seem to come just from the Chief Executive Perez. Leaving a lot of the main strategic planning just up to him. Kodak has previously displayed what an organisation with the absence of strategic management can look like. Therefor Perez...
Words: 1473 - Pages: 6
...In the Creating Your Strategic Plan Book (2011, p. 3), Bryson and Alston suggests a strategic planning is deliberative discipline effort to produce fundamental decisions and actions that shape and guide what an organization is, what it does, and why it does it.” Although change is inevitable, a long range strategic plan is and will continue to be an essential part of responsible management (Heskett, 2013). Conversely, the reason why long-range planning is integral in organizational planning is because “strategic planning, especially long-term strategic planning is no less necessary in a fast-changing world. The root cause of every business or organization disaster is mistaking pursuing short-term goals ahead of long-term one” Christensen,...
Words: 1513 - Pages: 7
...Riordan Manufacturing Strategic Plan Why is strategic management necessary? Strategic management, and business policies are essential for organizations to gain competitive advantage within their respective markets. Organizations like Riordan Manufacturing implement policies, and procedures to provide structure, and standardize operations in efforts to maintain proper control of production, inventory, and logistics. Developing a strategic plan focuses on the need for planning, roles of ethical and social responsibility, current competitive advantages, innovation, sustainability, internal dynamics, influence of business continuity, and assessment, and feedback. The following discussion details a strategic plan for Riordan Manufacturing. Topics include areas of environmental scanning, strategy formulation, strategy implementation, evaluation, and control. Riordan Manufacturing Effective Strategy Guidelines Riordan Manufacturing is focused on what really matters, the bottom-line performance and long-term healthy survival of its organization. Now that Riordan Manufacturing has implemented an effective competitive strategy it must evaluate and measure its performance. Measuring its performance is critical to the success of Riordan Manufacturing. By implementing an effective measurement guideline, it would help Riordan Manufacturing in tracking the progress against its goals and objectives; identify areas of improvement; and ultimately compare performance against both its defined...
Words: 2044 - Pages: 9
...PROJ 587 WEEK 3 QUIZ SET Purchase here http://devrycourse.com/proj-587-week-3-quiz Product Description Version 1 1. Question: (TCO A) You are the CEO for Skipper Products. The business has had a great year and you see that a PPM is needed to manage all the projects that are currently in progress, along with future projects. You must convince the board of directors to accept this change in order to implement it. You have decided to give a presentation at the next meeting that covers the information below. • What is a PPM? • Compare PPM, PgM, and Project level. • Benefits of each (PPM, PgM, and Project) • Why should Skipper Products implement a PPM? Create a detailed outline that covers all the areas listed above. 2. Question: (TCO B) There are three central processes that are required to develop a portfolio strategic plan. Describe each of them. Why are these processes important to the success of an organizations strategic plan? 3. Question: (TCO C) Cost management is used to help manage projects as investments and to evaluate project management performance using Earned Value Management (EVM). What is EVM? Describe the benefits of using EVM. 4. Question: (TCO C) The following acronyms are used in a network diagram: LS, ES, LF, and EF. What do these acronyms mean, how are they calculated, and how would a project manager use these in relationship to project schedule and budget? Version 2 1. Question: (TCO A) You work for Holt consulting company...
Words: 2480 - Pages: 10
...Human Capital Management Plan 2004–2008 United States Copyright Office | Contents 1 Message from the Register of Copyrights Copyrights Copyrights 3 Introduction Human Capital Framework · 3 Framework Our Mission · 4 Copyright Office Strategic Plan Mission, Goals, and Objectives · 5 Business Process Reengineering · 5 Current Organization and Workforce · 5 Reliance Upon Library of Congress Human Resources Services · 6 7 Part 1 · Strategic Alignment 7 Part 2 · Organizational Alignment and Workforce Planning 9 Part 3 · Talent 15 Part 4 · Results-Oriented Performance Culture Performance Culture 17 Part 5 · Leadership and Knowledge Management 19 Performance Measures and Evaluation 19 Appendices a: Stakeholder Roles and Responsibilities · 19 b: Implementation Framework · 21 Message from the Register of Copyrights I am pleased to present the Copyright Office Human Capital Management Plan for 2004–2008. This Plan has been developed as a companion to the Office’s Strategic Plan and links our human capital planning to the Office’s strategic policy and management objectives. It emphasizes the importance of human capital management to the successful accomplishment of our mission. In every organization, people are the most valuable resource. This is especially true at the Copyright Office, which is fortunate to have a seasoned, dedicated, and professional workforce that is customer-service oriented. The Office has a unique mission, and I am gratified when I work with...
Words: 8018 - Pages: 33
...understanding how a business can strategically organize, plan and prepare for future situations in order to become successful, so that they can use their knowledge to upgrade Amoy’s 5star Restaurant. ASG will also build on the restaurant’s knowledge of the necessary tools of business analysis such as the PESTLE analysis, thus introducing the restaurant to further analysis tools needed for the process of strategic planning. ASG will ensure that the restaurant learn how to apply strategic positioning techniques within their business operations as well as assessing the roles and responsibilities for their strategy implementation and analyzing estimated resources required for their new strategy within the restaurant that needs implementation, in order for them to see tremendous results. ASG will thus help them to understand ‘Business Strategies’ on a whole, and how to use the various implementations in upgrading their organization. ii. Background: ASG Consulting Management Team was hired by Amoy’s 5star Restaurant to assist them in implementing the necessary strategic elements that their business need in order to upgrade their enterprise, so that they can make better profits from what they are currently making. The restaurant is a sole trader business which is operated by the owner Amoy Gentles. The restaurant is unable to formulate new strategies and is also having difficulties understanding the process and approaches of strategic planning and implementations. ASG will be assisting...
Words: 4707 - Pages: 19
...is complete the leadership team at Riordan Manufacturing will be able to put together a problem solution to begin to tackle the issues faced by the company. Situation Analysis Issue and Opportunity Identification “Riordan Manufacturing is a global plastics producer employing 550 people with a projected annual earnings of 46 $million” (University of Phoenix. n.d., p 1). The company is owned by Riordan Industries a Fortune 1000 enterprise with revenues over $1 billion (University of Phoenix. n.d., p 1). Over the past two years Riordan Manufacturing has experienced declining sales and uneven profits (University of Phoenix. n.d.). This change forced Riordan Manufacturing to make some strategic changes in the way they manufacture and market products and its sales processes. The strategic changes prompted Riordan Manufacturing to adopt a customer-relationship management system (CRM) which allowed customers to be serviced by a team as opposed to an individual salesperson. Riordan Manufacturing’s new team approach hopes to improve company sales. As the changes were implemented throughout the company the changes caused a decline in employee retention and job satisfaction. An employee satisfaction survey revealed that job satisfaction was decreased because of the Riordan Manufacturing’s compensation and...
Words: 1512 - Pages: 7
...University Strategic Management-BUS 599 Dr. Gary B. Shelton July 15, 2012 Abstract What can a business professional implement that would help a company to be successful? In an effort for a company to be successful, business professionals should create and execute strategic planning models which outline specific results that are to be achieved and by establishing es a course of action for achieving them. In our current failing economy, business professionals are becoming more aware of the how challenges ing it is in to starting a business and remaining successful. While most would agree that failures are personally painful and could have been conceivably too often prevented, ??????? consensus dissolves around how to take action to the problem.?????? Some business owner’s may believe think that a successful business’ is based solely on luck; while other’s business owners believe may think that their success is based on the location. of their business. Although, both concepts could be attributed to success, in this report I provide a solution that could help business owners ????? transit ??? a business toward its success. In this paper, as a business professional for Take the Time and Time it Right Greetings Card Company, I argue in support of and focus on the importance of implementing a strategic plan for the success of this business. Several business owners might disagree with my argument, because they might feel that documenting a strategic plan can could be...
Words: 1612 - Pages: 7
...Strategy and Planning There are several keys to success for companies and organizations when it comes to developing a strategy and a plan to execute that strategy. First the organization must determine “Who are we?”, “What business are we in?”, and “Who do we want to be and what business do we want to be in?” The top management, or upper management, of the company must be very honest when answering these questions. This is the very first step in strategic planning. Once these questions are answered, a mission or vision statement can be developed to provide long-term direction to the organization. Once the mission or vision is formulated the organization can begin to develop goals and then develop the strategic action plan. Once there are clear goals and a plan, management then can begin implementation of the plan followed by the execution. Developing the strategy and plan is a process, there are many things that go into the process and many things to consider. Strategic management involves each level of management and must involve each level in the development of the goals and plans for the organization. Brian Brandt, a business and management consultant and founder of Alibrium LLC, states that “Strategic planning is work that must be led and owned by the leadership team to be successful”. (Brandt, 2013) This applies to each level of management, but starts from the top down. Upper management must be able to not only formulate the future strategy of the organization, but they...
Words: 1352 - Pages: 6
...New Health Medical Systems Staffing Strategy HRM/548 Gwendolyn Ford June 2, 2014 Jennifer Familant One of the main issues that needled American today is the provision of a new strategic healthcare system. With Medicare on the rise the prediction is by the year 2019 there will a vast number of people uninsured and depending on Medicare to compensate for medical treatment. The primary issue of healthcare in the United States is a leading part of the health medical system staffing problem because the staffing relies on Americans utilizing physician care. Understanding and developing current strategies will align organizations with new innovative ways to implement business strategic direction, and recommend staffing strategies that will meet the need of the organization’s goals are topics that will be address in this paper. Communicating a guided vision is the key role to planning strategically. Implementing any type of plan for the business should be deliberate strategically in order for the business to operate daily. The involvement of a diverse team of employees at any level in the organization can help to construct a communal vision, and growth all individual's in the organization motivates to understand the success of the plan. Simplicity and constant communication, from planning anticipate consequences that design the measure of performance can be vital to the success. Effective staffing frequently involves groups with simplicity of the shared vision, and extensive...
Words: 709 - Pages: 3
