Strategic Analysis
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This is not an assignment. It is to assist me in fully understanding Strategic Analysis.
1) Explain how strategy is the definitive tool for building, communicating, and maintaining the direction of a business.
2) Explain how to express the vision, mission, and values of a business in operational terms for analysis and action.
3) Explain how strategy establishes, sustains, and monitors the direction of a business.
4) Explain the nature and role of resources in the strategic process.
5) Explain how management preferences relate to economically and ethically sound sustainability.
6) Explain how to create a change plan model.
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Solution Summary
Strategic Analysis is explained in terms of how it is employed in building, communicating, and maintaining the direction of a business. The role of the organizational vision, mission, and values of a business are defined in operational terms, while organizational strategy is discussed whith a view to how it is used to direct the business. The strategic allocation of resources and how management preferences relate to economically and ethically sound sustainability, are also discussed. In conclusion, the creation of a change plan model is provided.
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1) Explain how strategy is the definitive tool for building, communicating, and maintaining the direction of a business.
Strategy is the definitive tool for building, communicating and maintaining the direction of a business because strategy is the operational articulation of the Vision and Mission of a company. The Leaders who are not involved in the day to day operations of the company formulate and impart the vision and mission which have to be operationalized by managers. The communication of the vision and mission in terms of goal setting is the most important part of the communication transfer process from leader to organizational body, via managers. Managers than build the framework which will resulting the manifestation of the vision and mission. This process involves the translation into goals, establishing what internal and external factors will affect the implementation of those goals, such as marked trends in the case of external market, and human resources and inputs required to meet goals. The next step is creating priorities in the goals and finally laying out the specific activities which are required to meet the goal within the constructs of time periods for each goal to be accomplished.
2) Explain how to express the vision, mission, and values of a business in operational terms for analysis and action.
The vision and mission may lay out the ...
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