Reference no: EM133144396
Review the material, and note the similarities and differences in the processes outlined. Note particularly Clayton's five stages, Hayes' 7 steps, and Shew's key elements. Answer the following:
-Which common themes are found in all three lists of planning strategies? Why are they important?
-Based on these three lists, make your own process list for a strategic plan. It may be similar to one or all of these lists. Give a brief sentence or two describing each item on your list.
Clayton's five stages:
-goal-setting,
-analysis,
-strategy formation,
-strategy implementation
-strategy monitoring.Hayes' 7 steps:
-Review/Develop Vision & Mission. ...
-Business and Operational Analysis. ...
-Develop and Select Strategic Options. ...
-Establish Strategic Objectives. ...
-Strategy Execution Plan. ...
-Establish Appropriate Budget and Resource Allocation.
-Execution ReviewShew's key elements.:
-Vision Statement.
-Mission Statement.
-Core Values.
-SWOT Analysis.
-Long-Term Goals.
-Yearly Objectives.
-Action Plans.
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