What are the steps and factors of strategic planning

Assignment Help Business Management

Reference no: EM132337139

ASSIGNMENT BRIEF -

This assignment satisfies the following learning outcomes:

LO1 Understand the process of strategic planning

1.1 Assess how business missions, visions, objectives, goals and core competencies informstrategic planning

1.2 Analyse the factors that have to be considered when formulating strategic plans

1.3 Evaluate the effectiveness of techniques used when developing strategic business plans

Answer the following questions:

1. Compare and discuss the differences among mission, vision, objective, goal and core competence. How are they related to strategic planning? Write 1-2 sentence(s) examples for each to illustrate your answer.

Question 1 produces evidence for assessment criterion 1.1

2. What are the steps and issues/factors of strategic planning? Give examples where necessary.

Question 2 produces evidence for assessment criterion 1.2

3. What are the different planning techniques involves in strategic planning? Are there any difficulties to carry them out? Evaluate their effectiveness and drawbacks. Give examples.

Question 3 produces evidence for assessment criterion 1.3

Reference no: EM132337139

Questions Cloud

Describing the decision-making styles : Provide an explanation describing the following decision-making styles: directive, analytical, conceptual and behavioral. Then, discuss which style, or styles.

Review the history of sociological criminology : Write a 700- to 1,050-word paper to include the following: Review the history of sociological criminology. Briefly describe the differences between.

Input for the production of beef : Given that "high-value forage" is an input for the production of beef, how is the market for beef impacted by the drought? What happens to the equilibrium price

How you will engage the clients in treatment : Research screening tools and therapeutic interventions that are relevant to clients with particular characteristics such as gender, age, disabilities, culture.

What are the steps and factors of strategic planning : ASSIGNMENT BRIEF - Qualification BTEC Level 5 HND Diploma in Business-Analyse the factors that have to be considered when formulating strategic plans.

Change in the equilibrium price and equilibrium quantity : What is the magnitude of the change in the equilibrium price and equilibrium quantity? Be sure to illustrate your answer with graph.

Describe the major industries located in the entity : In the workplace, a team manages many projects. As you progress in this class, you will do various tasks that build upon one another to develop your final.

Experiences a shift to the right in the demand curve : Suppose that a market with an inelastic supply curve experiences a shift to the right in the demand curve.

Explain the effect of the events on the aggregate-output : Using an AD, SRAS, and LRAS curve, explain the effect of the following events on the aggregate-output, unemployment and price level both in the short-run

User Account

All Pages