...issues, ethics, and corporate social responsibility have had on management planning at BP. Provide at least one example for each. • Analyze at least three factors that influence the company's strategic, tactical, operational, and contingency planning. Planning Part of the management function that involves setting goals and deciding how to best achieve them is called planning. Setting goals and developing plans helps the organization to move in a focused direction while operating in an efficient and effective manner. Strategies or plans are then developed for moving the organization closer to its goals. Types of Planning There are four types of planning a company can use; strategic, tactical, operational and contingency planning. Planning is part of making a decision and a manager can use the following types of planning in making short and long term decisions for a company. Strategic Strategic planning is an “organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people” (Bradford & Duncan, 2000). Strategic planning is the formal consideration of an organization's future course, usually anything that is a period of greater than three years. All strategic planning deals with at least one of three key questions: what do we do, for whom do we do it, and how do we excel. In...
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...social, and economic environments • Analyzes the organization’s managerial, operational, and financial issues including: o Project Management o Project Timelines o Critical Paths and Contingency Planning o Implementation Plan Contingencies o Staffing Needs and Tools o One Gantt Chart Example o One PERT Chart Example • Analyzes the impact of potential change factors and the impact on the functions of management There are so many issues that face business owners. Just to name a few are the basic supply and demand concerns when setting prices and hours of employees. Workers and potential injuries. Payroll, general book keeping, and employee benefits. The list goes on. I think one of the biggest areas that potential business owners neglect is legal advice because they precieve it as to expensive. Well there is a company out there that has made it affordable to small business owners so they can have access to the legal system and protect their investment. All About Project Management Project management is a carefully planned and organized effort to accomplish a successful project. A projectis a one-time effort that produces a specific result, for example, a building or a major new computer system. This is in contrast to a program, which is 1) an ongoing process, such as a quality control program, or 2) an activity to manage a series of multiple projects together. In some countries, the term "program" refers to a software tool and the term "programme" can mean a TV or radio...
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...doc STR-581 Week 3 Learning Team Assignment External and Internal Environmental Analysis.doc STR-581 Week 4 Discussion Questions.doc STR-581 Week 4 Learning Team Assignment Strategic Choice and Evaluation Paper.doc STR-581 Week 4.doc STR-581 Week 5 Assignment.doc STR-581 Week 5 Discussion Questions.doc STR-581 Week 5 Learning Team Implementation, Strategic Controls, and Contingency Plans.doc STR-581 Week 6 Learning Team Assignment Strategic Plan and Paper.doc STR-581 Week 6 Assignment.doc STR-581 Week 6 Discussion Questions.doc STR-581 Week 6 Learning Team Assignment Strategic Plan and Presentation.pptx Business - General Business STR 581 Week 1 Individual Ethics Reflection Paper STR 581 Week 2 Individual Research Proposal STR 581 Week 2 Learning Team Innovation Strategy Paper STR 581 Week 3 Individual External and Internal Environmental Analysis STR 581 Week 3 Learning Team Capstone Review I STR 581 Week 4 Individual Strategic Choice and Evaluation Paper STR 581 Week 4 Learning Team Grand Strategy Rankings STR 581 Week 5 Individual Implementation, Strategic Controls, and Contingency Plans STR 581 Week 5 Learning Team Capstone review II STR 581 Week 6 Individual Strategic Plan Presentation If you do well in one area of schoo...
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...SYLLABUS STR/581 SYLLABUS SCHOOL OF BUSINESS STR/581 STRATEGIC PLANNING & IMPLEMENTATION MAIN CHARLOTTE CAMPUS 04/01/2013 TO 05/06/2013 Copyright © 2011, 2010, 2009, 2008 by University of Phoenix. All rights reserved. COURSE DESCRIPTION THIS CAPSTONE COURSE INTEGRATES CONCEPTS FROM ALL PRIOR COURSES IN THE PROGRAM. STUDENTS APPLY THE CONCEPTS OF STRATEGIC PLANNING AND IMPLEMENTATION TO CREATE SUSTAINABLE, COMPETITIVE ADVANTAGE FOR AN ORGANIZATION. OTHER TOPICS INCLUDE ENVIRONMENTAL SCANNING, STRATEGIC ANALYSIS, CORPORATE SOCIAL RESPONSIBILITY, IMPLEMENTATION AND EVALUATION, AND RISK MANAGEMENT. POLICIES FACULTY AND STUDENTS/LEARNERS WILL BE HELD RESPONSIBLE FOR UNDERSTANDING AND ADHERING TO ALL POLICIES CONTAINED WITHIN THE FOLLOWING TWO DOCUMENTS: UNIVERSITY POLICIES: YOU MUST BE LOGGED INTO THE STUDENT WEBSITE TO VIEW THIS DOCUMENT. INSTRUCTOR POLICIES: THIS DOCUMENT IS POSTED IN THE COURSE MATERIALS FORUM. UNIVERSITY POLICIES ARE SUBJECT TO CHANGE. BE SURE TO READ THE POLICIES AT THE BEGINNING OF EACH CLASS. POLICIES MAY BE SLIGHTLY DIFFERENT DEPENDING ON THE MODALITY IN WHICH YOU ATTEND CLASS. IF YOU HAVE RECENTLY CHANGED MODALITIES, READ THE POLICIES GOVERNING YOUR CURRENT CLASS MODALITY. COURSE MATERIALS BARNEY, J. B. (2007). GAINING AND SUSTAINING COMPETITIVE ADVANTAGE (3RD ED.). UPPER SADDLE RIVER, NJ: PEARSON PRENTICE HALL. MINTZBERG, H., GHOSHAL, S., LAMPEL, J., & QUINN, J. B. (2003). THE STRATEGY PROCESS: CONCEPTS, CONTEXTS, CASES (4TH ED.). UPPER SADDLE...
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...Week 1 Hi Class, Use this threat to provide the information above, as the choice for the company you'll be using for your course project. If you do end up using a startup, please make sure you have access to ample resources to support the assignment requirements. While I don't have a problem with some of you using the same company, I would prefer that you don't pick something that you already see that has been chosen. This will allow for more variety. Everything you've been learning has been preparing you for this final project. After you post I will confirm that your choice has been approved. Now, let's have some fun! Words: 110 Strategic Plan Preparation * Not completed (REQUIRED) * Presentation * Strategic Plan Preparation Choose an organization as the focus for the Strategic Plan, due in Week 6. Choose an organization according to the following: * Current employer * Most recent or former employer * Place of business that you have patronized or have been familiar with over a long period of time. Avoid choosing an organization that is so large that historical data would be difficult to apply. Firms in the Russell 2000® index may fit well, whereas firms in the Dow 30 Industrial index probably do not. The organization can be a start-up that you or a significant other may create in the future. For a start-up, focus on an entrepreneurial idea that is of substantive interest, so this project leaves you with a product you...
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...(HRM) I would like to contribute an article which related to senior managers and from other functional management areas trough success a business. The article entitled “To ensure the success of your business through effective human resource strategies”, and knowing how to help your staff to 'go green'. And the article is cover: 1. The definitions and comparison models of strategic HR management. 2. Second the importance of HRM. 3. The analysis of the framework. 4. How the strategies are developed. 5. The assessment of roles in HRM. A manager, who is generally the head of a department or functional area within an organization, has specific responsibilities depending on the needs of his or her organization. Human Resource Management Ensure the success of your business through effective Human Resource strategies To understand the role and importance of human resource management in achieving organisational effectiveness to define strategic human resource management and knowing the importance of human resource management in organisations by analyse the framework of strategic human resource management and to the journal ‘Personnel Today’ the article I am going to contribute is to...
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...Excellence in Financial Management Course 10: Strategic Planning Prepared by: Matt H. Evans, CPA, CMA, CFM This course provides a concise overview of how to do a strategic plan. The entire strategic planning process is outlined within this course. This course is recommended for 2 hours of Continuing Professional Education. In order to receive credit, you will need to pass a multiple choice exam which is administered over the internet at www.exinfm.com/training Chapter 1 Preliminary Considerations What is Strategic Planning? The essence of management includes the ability to plan. As you work your way up the organization, planning moves from operational to strategic. Strategic Planning is one of the principal responsibilities of upper-level management. Once management decides on the Strategic Plan, lower-level managers implement the Strategic Plan through an Operating Plan. Strategic Planning attempts to answer a very fundamental question: Where do we want to be one year from now, two years from now, three years from now, etc.? Strategic Planning requires that an organization develop a vision of itself - how do we see ourselves in the future? Strategic Planning looks at the big picture from a long-range perspective whereas the Operating Plan represents the specific tactics for carrying out the Strategic Plan year to year. Strategic Planning is a process whereby an organization makes choices about: ▪...
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...Strategic Management Process MGT/498 – Strategic Management Strategic Management Process The strategic management process is a philosophical approach to business that consists of four basic elements: environmental scanning, strategy formulation, strategy implementation, and evaluation and control (Wheelen & Hunger, 2010). This paper examines these elements, why this process is important, and discusses the strategic management process of Microsoft Corporation. Environmental Scanning Environmental scanning involves an in-depth analysis of the factors that can affect the goals of the company (Clayton, 2013). This information is disseminated to the key people within the company and is often conducted through SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis. The strengths and weaknesses form the internal environment of the company and look closely at the company’s structure, resources, and culture; whereas, the opportunities and threats are the variables that comprise the external environment (Wheelen & Hunger, 2010). Strategy Formulation Once the opportunities and threats have been analyzed, long-term plans for their effective management are formulated. It is within this step that the company’s mission is clearly set to achieve the desired objectives (Wheelen & Hunger, 2010). During this stage, any issues are prioritized prior to the development of the strategy, and contingency plans created. Economic environments are continually...
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...Country Risk and Strategic Planning Analysis Nichelle Ball, Michael D. Bishop, Cather Bohannon, Kodi Mason, Crystal McCrimmon MGT/448 December 11, 2012 Karen Dixon-Brugh, Ph. D. |Country Risk and Strategic Planning Analysis | |The Week Three learning team assignment is divided into two halves. In the first half of the assignment, Learning Team “C” will | |conduct a country risk analysis for the selected global business venture in South Africa. The topics that will be analyzed are | |the political, legal, and regulatory risks; the exchange and repatriation of funds risks; and the competitive risk assessment. | |The second group of analyses will evaluate the taxation and double taxation risks; the four P’s of market risks, and will analyze | |the distribution and supply chain risks. The final group in the risks analysis seeks to address the physical and environmental | |challenges to entering and operating in a target market, analyze the social and cultural risks, and address the cyber or | |technological risks. | |In the second half of the Week Three assignment Learning Team “C” will summarize the strategic planning process by defining and | |clarifying the mission and objectives, performing a SWOTT analysis...
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...|[pic] |Course Syllaubus | | |School of Business | | |STR/581 Strategic Planning & Implementation | Copyright © 2011, 2010, 2009, 2008 by University of Phoenix. All rights reserved. Course Description This capstone course integrates concepts from all prior courses in the program. Students apply the concepts of strategic planning and implementation to create sustainable, competitive advantage for an organization. Other topics include environmental scanning, strategic analysis, corporate social responsibility, implementation and evaluation, and risk management. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities,...
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...by establishing policies to deal with situations that are likely to occur. Policies are operating rules that can be referred to as a way to maintain order, security, consistency, or otherwise furth a goal or mission. For example, a town council might have a policy against hiring the relatives of council members for civic positions. Each time that situation arises, council members can refer to the policy, rather than having to make decisions on a case-by-case basis. In the automotive industry, policy-based management is used as an administrative tool throughout an enterprise or network, or on automated-machines that have multiple users. Policy-based management includes policy-based network management, the use of delineated policies to control access to and priorities for the use of resources. Policy-based management is often used in systems management. Policy-based management of a multi-user workstation used in the computing section of the automotive industry, typically includes setting individual policies for such things as access to files or applications, various levels of access (such as "read-only" permission, or permission to update or delete files), the appearance and makeup of individual users' desktops and so on. There are a number of software packages available to automate some elements of policy-based management. In general, the way these work is as follows: business policies are input to the products, and the software communicates to network hardware how to support...
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...1. How can a security framework assist in the design and implementation of a security infrastructure? Designing a working plan for securing the organization s information assets begins by creating or validating an existing security blueprint for the implementation of needed security controls to protect the information assets. A framework is the outline from which a more detailed blueprint evolves. The blueprint is the basis for the design, selection, and implementation of all subsequent security policies, education and training programs, and technologies. The blueprint provides scaleable, upgradeable, and comprehensive security for the coming years. The blueprint is used to plan the tasks to be accomplished and the order in which to proceed. What is information security governance? Governance is “the set of responsibilities and practices exercised by the board and executive management with the goal of providing strategic direction, ensuring that objectives are achieved, ascertaining that risks are managed appropriately and verifying that the enterprise’s resources are used responsibly.”1 Governance describes the entire process of governing, or controlling, the processes used by a group to accomplish some objective. Just like governments, corporations and other organizations have guiding documents—corporate charters or partnership agreements—as well as appointed or elected leaders or officers, and planning and operating procedures. These elements in combination provide...
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...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;...
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...oriented. E. Planning eliminates the need for effective leadership. E 187 GT Fa 3. Which one of the following alternatives lists the planning steps in proper order? A. Define objectives, determine current standing relative to objectives, evaluate current accomplishments, identify and choose among alternatives, and implement the plan and evaluate results. B. Define objectives, develop planning premises, determine current standing relative to objectives, identify and choose among alternatives, and implement the plan and evaluate results. C. Define objectives, determine current standing relative to objectives, develop planning premises, analyze possible action alternatives and choose among them, and implement the plan and evaluate results. D. Determine current standing relative to objectives, define objectives, develop planning premises, identify and choose among alternatives, and implement the plan and evaluate results. E. Develop planning premises, define objectives, determine current standing relative to objectives, identify and choose among alternatives, and implement the plan and evaluate results. C 187 GT Fa 4. External pressures on planning include all of the following...
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...1. Contingency means 'factors in the future that could happen but the chances of it are out of our control' and contingency planning means putting safe guards in place to make provisions for such occurrences. The contingency factors that affect planning would mean that any planning that the company undertakes, need to take into occurrences that might result in needing to consult the contingency plan. Things to take into account when planning for change in a business are: * Organizational level, this shows the relationship between a manger’s level in the organization and the type of planning done. For this most, lower level Managers do operational planning while upper level managers do strategic planning. * Degree of environmental certainty - when uncertainty is high, plans should be specific, but flexible. Mangers must be prepared to change or amend plans as they are implemented * Length of future commitments says that plans should extend far enough to meet those commitments made when the plans were developed. Planning for too long or too short a time period is inefficient and in-effective. If you take all of these contingency factors into account when making any business decision, it is likely that there are some that will carry too much risk to go ahead with, meaning that contingency factors can greatly affect planning. 2. In an uncertain environment, managers should develop plans that are specific, but flexible. Although this may seem contradictory...
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