Strategic Planning
Includes "those activities that involve: ing the organization's mission
ng its objectives &
3. developing strategies to enable it to operate successfully in its environment."
Why is it important to Plan?
This is important because by doing this it:
1. helps formalize a...
SPMT 333 Ex 2 with 100%
correct answers 2024
Strategic Planning - answer Includes "those activities that involve:
1.defining the organization's mission
2.setting its objectives &
3. developing strategies to enable it to operate successfully in its
environment."
Why is it important to Plan? - answer This is important because by
doing this it:
1. helps formalize a mission and a vision
2. helps with organization
3. helps achieve effective/successful results
4. minimizes problems --> max efficiency
Mission Statement - answer a statement that answers the following
q's about an organization...
-who I am, what the purpose is, and why it was established
Vision Statement - answer this statement talks about WHERE you
want to go, or SEE yourself going. who you want to become
When you develop a mission statement you base it on 5 factors.. -
answer Five factors that help you develop a mission statement..
1) knowing the fundamental values of the org
2) what do you do with the (core products)
3) Stakeholders and target markets
4. the org's desired position (objectives) aka "Vision"
, 5) remember what we value, what we do, why we exist, and who are
key stakeholders.
S.W.O.T. Analysis - answer ◦Analysis to identify an organization's
strengths & weaknesses, opportunities & the environment in which
it functions (looking externally), which in-turn, aids in the planning
function.
S&W = looking internally
O&T = looking externally
S.W.O.T. Identifying constraints (externally) include - answer
_____________ constraints include
-Economy (proximal or distal)
-Political/Legal
-Social/Cultural Trends
-Ecological (geog)
-Technological (facilities/equipment)
S.W.O.T. identifying constraints (internally) include - answer
____________ constraints include
-Personnel (#)
-Policies
-Resources (personnel & financial & capital)
Define Organizing - answer (definition) The identification of
activities and tasks necessary to obtain organizational objectives
(mission/purpose)
Define Multifinality - answer (definition) 2 organizations start in the
same place yet end up in different places.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BRAINBOOSTERS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
