Main components of the strategic planning process, HR Management

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Question 1:

You have recently been appointed as the leader of the Strategic Team of PQR Co. Ltd. and your first assignment is to introduce the concept of strategy/strategic planning to other members of the team. You are therefore required to prepare a paper which answers the following questions:

(a) What is strategy?

(b) What are the main components of the Strategic Planning process?

Question 2:

Even the best formulated strategies would not let a corporation attain set objectives unless they are properly implemented. What are the key implementation issues that a corporation should consider to ensure attainment of long term objectives?

Question 3:

You have recently attended a course on strategic planning. Your director would like you to improve his knowledge on mission statements. You are therefore expected to prepare a paper covering the following aspects:

(i) What is a Mission statement?

(ii) The purpose of a mission statement, and,

(iii) Essential components of a mission statement.


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