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Questions-Strategic Plan

1. Developing effective implementation strategies is essential to achieving stated goals and objectives. How does linking short-term objectives to strategies and functional tactics help shape implementation plans? What is the role of policy development in framing enterprise performance?

2. How is the balanced scorecard approach to strategic controls different from previous approaches? How does this help an organization in creating and implementing change? Can you think of examples where the balanced scorecard can be, or is, applied in an organization that you are familiar with?

3. What are some of the tools that are used by departments and/or individuals that track operational performance? How do these tools help leaders to gauge if organizational performance is meeting these goals? What experiences can you draw upon in which to respond to this question?

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1. Developing effective implementation strategies is essential to achieving stated goals and objectives. How linking short-term objectives to strategies and functional tactics help shape implementation plans? What is the role of policy development in framing enterprise performance?

When organizations link-short-term operational objectives with long-term strategic planning, this assists in shaping implementation plans because it creates value by shaping operations management within the strategic plan. These day-to-day operations can be measured through assessments and the use of key performance indicators, which allow the organization to set short-term goals or milestones of one to 12 months capable of providing validation and evidence of success for the organization toward achieving the mission of the company.

Policy development establishes the organizational culture, ...

Solution Summary

This solution addresses how strategic plans in an organization can have multiple benefits on performance, balance scorecard and organizational performance. References used are included.

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