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Strategic Management Process

Please see attachments.

1) Describe the major components of the strategic management process and explain the role projects play in the process.

How are projects linked to the strategic plan?

Optional
2) Why is it important to assess the culture of an organization before deciding what project management structure should be used to complete a project?

3) What questions does a project objective answer? What would be an example of a good project objective?

Attachments

Solution Preview

Please see attached response.

Deborah Larsen

Projects as derived from the strategic plan are the numerous specific cross-organizational change
requirements that are required to implement the aligned strategies, objectives and vision of the strategic plan.
For firms in rapid change environments, the volume of changes (i.e., projects) continues to increase and
becomes an increasingly important part of the strategic plan requirements.
An essential requirement of the Strategic Planning To Projects (SPTP) is that the strategic plan must
be driven down to the portfolio of strategic projects level. This project portfolio (plus strategic guidelines
for use in implementation) from the strategic plan provide the aligned and integrated focus for an effective
implementation of the strategic plan.

Strategic Management Process

1) Describe the major components of the strategic management process and explain the role projects play in the process.
Strategic Planning clearly defines objectives and assesses both the internal and external environment to formulate strategy, implement the strategy, evaluate the progress, and make any necessary adjustments to stay on plan.
The major components in the process are:
1. Mission and Objectives
The mission statement describes the company vision, values, and purpose

2. Environmental Scan
The environmental scan includes:
? Internal analysis of the firm
? Analysis of the industry
? External analysis
The ...

Solution Summary

Solution discusses the strategic management process and how individual projects are linked to the strategic plan.

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