Evaluating strategic plans

Assignment Help Business Management

Reference no: EM133123155

Question 1 - Evaluating Strategic Plans

In strategic planning, what components would you consider necessary for creating a strategic plan?

Using your chosen company for this course, explain what components they use and whether they do a good job of communicating their plan to their workforce.

Let's start by taking a look at a real-world, real-organization's strategic plan: STRATEGIC PLAN (linked) for the U.S. Department of Veterans Affairs (VA).

On that page, click on "Access the Strategic Plan." Certainly don't read the entire document (now); it's 230 pages.

But, notice the contents. It lists key components that mirror (or come close) to many of the ones we have been studying :

Core Values

Objectives

Goals

Stakeholder Consultation (Communication)

Click on the "Strategic Planning Process" and note those main components in a chart format

Below that chart is "Environmental Scan" which is the same as a SWOT.

Gap analysis forms the basis for Contingency Planning

Note: The historical photograph on page 1 of the plan document (page 6 of the PDF) from 1862 is interesting to look at if you have never seen it before of Abraham Lincoln meeting with soldiers. That page also includes the VA's mission statement.

Question 2

Keeping in mind the aspects of planning, leading, organizing, and controlling, explain how you would evaluate the effectiveness of a strategic plan.

What do you think is the most important piece of information to consider when determining effectiveness? Why?

Reference no: EM133123155

Questions Cloud

Building global analytical capability : Review the various possible scenarios and discuss the compliance issues with data governance? How can this help in Building a Global Analytical Capability?

Describe any regulatory issues encountered in billing : Describe any regulatory issues encountered in billing for this case. Identify the procedure code and the diagnosis code for this treatment.

Unemployment impacted by phases of business cycle : How is unemployment calculated, and what is and is not included? How is unemployment impacted by the phases of the business cycle?

Spending behavior of government sector : How has the spending behavior of the government sector changed over the past decade, and what effect had these changes had on the economy?

Evaluating strategic plans : In strategic planning, what components would you consider necessary for creating a strategic plan?

Product model and marketing model : Conduct a little research on models and discuss the difference between the product model and the marketing model.

Do you think such a change would be more likely driven : Do you think such a change would be more likely driven by the information role of accounting or by the stewardship role of accounting

Complete working papers to consolidate financial statements : Complete the working papers to consolidate the financial statements of Candy and Bun Corporations for the year ending December 31, 2013

What the NCI share of equity at the date of acquisition : The company tax rate was 30%, The partial goodwill method is adopted by the group. What the NCI share of equity at the date of acquisition

User Account

All Pages