Explain general business world utilizes strategic planning

Assignment Help Strategic Management
Reference no: EM131802820

Problem

How do these potential barriers of week 1 differ from barriers encountered in the general business world

Just like in the healthcare field, the general business world utilizes strategic planning to achieve superior fiscal results as well as gain advantages in their specific field over other organizations. They also have to overcome barriers like healthcare organizations such as lack of leadership, staff resistance to change, leadership initiative, a decline in interest from staff and managers alike as well as uncertainty of the roles each individual is to play within the organization for the plan to be effective. Often times, strategic planning fails because managers fail to implement the proper training and follow through with staff. Another barrier that general business may encounter is over emphasis on daily operations or day to day planning rather than focusing on the overall goal and mission of the organization. Some barrier to strategic planning is that there may be identical procedures in place that are currently not working and yet are left in the strategic planning. In order for a strategy to be effective in the planning process, the method has to be adaptable and formless to the many individual issues that may arise and each will have a different opportunity for them to be solved as the threats to the environment take place (Latif, Gohar, Hussain, & Kashif, 2012).

References:

Latif, B., Gohar, F. R., Hussain, A., & Kashif, M. M. (2012, December). Barriers to Effective Strategic Planning. nternational Journal of Management & Organizational Studies, 1(2), 16-21.

Reference no: EM131802820

Questions Cloud

Identify porter five forces driving industry competition : Identify Porter’s five forces driving industry competition with an example for each one how they could be used to identify competition?
What is jamie adjusted basis at the date of the sale : Jamie bought her house in 2006 for $395,000. What is Jamie's adjusted basis at the date of the sale and the amount realize
Draw the primary professional development patterns : Draw the primary professional development patterns (expert development pattern and baseline development pattern) and discuss how goal orientation and needs.
Prepare the journal entries by bickley industries : Prepare the journal entries by Bickley Industries, Inc. necessitated by the restructuring of the debt at
Explain general business world utilizes strategic planning : Explain the general business world utilizes strategic planning to achieve superior fiscal results as well as gain advantages in their specific field.
Three parts that are synergistic with each other diversity : The overall theme or concept had three parts that are synergistic with each other diversity, ethics, and social responsibility.
What does the drug-free workplace act require : What does the Drug-Free Workplace Act require and what limitations does the U.S. Constitution place on private employers as far as drug testing is concerned?
Discuss actual manufacturing overhead for the year amounted : Actual manufacturing overhead for the year amounted to $116,100 and actual direct labor-hours were
Journalize the entries to record the summarized operations : Goldberg Apparel Company uses a job order cost system. Journalize the entries to record the summarized operations

Reviews

Write a Review

Strategic Management Questions & Answers

  Case study in strategic plan adelphi art centre

Strategic plan or strategic planning of  Adelphi Art Centre in Adelphi, Australia.

  Pestle analysis of a new uk based business plan

Key trend of PESTEL tool  analysis in UK in the next three years.

  Diversity reflection paper

This document describes an exercise that could used to increase students' sensitivity to workforce diversity and related issues of power.

  Crafting a personal vision and mission statement

Crafting a Personal Vision and Mission Statement

  Business strategy and strategic human resource management

This project report describes the co-ordination and alignment of business strategy with strategic human resource management.

  Steak sauce - lawry’s defense: case analysis

Steak Sauce: Lawry's Defense" case to complete a formal written case analysis

  Write a report on best buy strategic audit

Write a report on best buy strategic audit which inhibits the corporate governance, corporate culture, and under Corporate Resources.

  Cross-cultural management

To develop an awareness and comprehensive understanding of the influence of culture on management

  Calculate the expected value of returns of stock

Calculate the expected value of returns of stock.

  Influence the making of public policy

Write a paper on interest groups and how they seek to influence the making of public policy.

  Strategic management principles

Strategic Management principles

  Resource base view theory versus positioning theory

Explain Resource Base View theory versus Positioning theory

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd