Reference no: EM132297541
With increased compliance and quality improvement cost , organizations face challenges in aligning strategic planning to accommodate legal and quality management issues. Organizations are constantly improving the quality of services or products they provide to the customers. With much legislation, compliance related issues are also required. A company develops a strategic plan that enables it to achieve compliance and quality improvement.
When developing a strategic plan, there's a challenge of determining the form of legislation that affects the activities or operations of the business and develop compliance related policies in the strategic plan. This requires additional costs such as consultation costs, legislation and registration costs among other compliance related costs.
The business has to incorporate into the strategic planning process the pieces of legislation that impacts the process and determine how they affect the process. Communicating the same is a challenge as the process requires disclosing to the staff compliance related issues and the expectations for the workers. It extends to training programs on compliance issues.
The cost of corporate social responsibility also increases as organizations face greater need for achieving sustainability throug evaluating the impact of its activities on the environmental responsibility, ethical responsibility, economic responsibility an responsibility towards the community.
The quality improvement measures have also impacted on the strategic planning process. Organizations spend more time in quality improvement and resources as quality is a continuous process. There's need to regularly monitor, control and improve quality. The strategies a company develops should be related to th quality management by establishing objectives that are aligned to quality improvement measures.
This requires effectively managing risk which is a difficult task. Quality management also requires an effective leadership team that is experienced in the process of strategic planning and management. Such a management has high expectations as they should be individuals that can drive change and motivate the individuals towards the achievement of quality improvement.
Based on the legislation and quality improvement challenges flagged on the above, how would you meet these challenges to strategic planning as a manager?