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    Planning and time management

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    Describe the relationships between an organization's mission statement, vision, values, strategies, goals, objectives, and action plans.

    What are the implications for management of the statement, "the population of the U.S. is growing, graying, and diversifying?"

    What issues should the manager consider when preparing capital requests?

    What are the benefits of having written policies?

    What are the differences between a policy and a method?

    What is work simplification? Is work simplification always a good idea? Why or why not?

    What are the differences between programs and projects?

    In Stephen Covey's book The Seven Habits of Highly Effective People, what are the four ways in which we spend time?

    Can workforce competencies be a source of competitive advantage, and thus, the focal point of a strategic plan? Explain your answer.

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    Solution Preview

    Let's take a closer look at these interesting questions from various sources, for you to consider for your final copy. I also attached one supporting and informative article, some of which this response is drawn that has examples to enhance understanding.


    1. Describe the relationships between an organization's mission statement, vision, values, strategies, goals, objectives, and action plans.

    The mission statement and value statement are developed first. These give propose and direction to the company. "Mission or Purpose is a precise description of what an organization does. It should describe the business the organization is in. It is a definition of "why" the organization exists currently. Each member of an organization should be able to verbally express this mission." (http://humanresources.about.com/cs/strategicplanning1/a/strategicplan_2.htm)

    Values are developed that will help the company best meet the mission and vision of the company. "Strategies are the broadly defined four or five key approaches the organization will use to accomplish its mission and drive toward the vision. Goals and action plans usually flow from each strategy. One example of a strategy is employee empowerment and teams. Another is to pursue a new worldwide market in Asia." (http://humanresources.about.com/cs/strategicplanning1/a/strategicplan_5.htm)

    Following the key strategy development, for example, the company develops several goals that will enable it to accomplish each of its strategies. Effective "goals should follow the SMART acronym: specific, measurable, achievable, realistic and time-based. Once you have enabled strategy accomplishment through setting SMART goals enable the company to accomplish its strategy. Nest, it will develop action plans to accomplish each goal. (http://humanresources.about.com/cs/strategicplanning1/a/strategicplan_5.htm)

    Example: Strategies

    The San Antonio Express News developed these strategies.

    ? "EXPAND our customer base and enhance the franchise by pursuing multimedia opportunities.
    ? DELIVER an award-winning level of journalistic excellence, building public interest, trust and pride.
    ? PROVIDE vigorous community leadership and support.
    ? INSTILL an environment of internal and external excellence in customer service.
    ? EMPOWER and recognize each employee's unique contribution.
    ? ACHIEVE the highest standards of quality.
    ? IMPROVE financial strength and profitability." (http://humanresources.about.com/cs/strategicplanning1/a/strategicplan_5.htm)

    In summary, to be successful, organizations need to establish a strategic framework, including the following steps:

    ? A vision for your future,
    ? A mission that defines what you are doing,
    ? Values that shape your actions,
    ? Strategies that zero in on your key success approaches, and
    ? Goals and action plans to guide your daily, weekly and monthly actions. (excerpted from ...

    Solution Summary

    Planning and time management issues are addressed.