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Posted: December 11th, 2024
Assessment 2
Requirements:
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Based on the learner guide and other learning materials you are required to express your knowledge about writing a strategic plan and the implementation process of strategic plans. Detail your understanding answering each of the questions below in respect to develop a strategic plan and implementation process.
Part 1
Objective
To provide an opportunity to detail your practices on developing a strategic plan .
What is strategic planning and why you should consider documenting relevant research and background data?
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Why it is important for an organization to formulate strategic objectives and strategies for the future?
Write a page paper - Describe the requirement of priority, a timeframe and assign responsibility during the strategic planning process.
Explain how you measure performance to each strategy.
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What process should you consider to circulate strategic plan for comment, support, and endorsement?
Part 2
Objective
To provide an opportunity to detail the process used for implementing a strategic plan.
Write a page paper - Describe the process used for implementing a strategic plan detailing your understanding of bellow suggested area.
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Areas
Your answers
Communicate strategic plan
Brief people with the specific role
Use performance indicator to monitor progress
Refinements to plan if required
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Write a word essay - Evaluate strategic objectives
Review the effectiveness of the plan
Part 3
Objective: To provide with an opportunity to draft/write a strategic plan.
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Write/draft a strategic plan using the following headings
Mission:
Company analysis:
The Business
Stakeholder relationships
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Market analysis
Processes
Organizational structure:
Financials
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Environmental and social impacts
Risk factors and regulatory compliance
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Strategic action plan:
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