consider the idea of an organization being mission-driven or purpose-driven. Overall, do you feel that it is beneficial for an organization to base its strategy on such an idea? Why or why not? If so, are there any negatives or compromises that organizations might need to consider?
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consider the idea of an organization being mission-driven or purpose-driven. Overall, do you feel that it is beneficial for an organization to base its strategy on such an idea? Why or why not? If so, are there any negatives or compromises that organizations might need to consider?
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- What are the most important factors to consider when developing and implementing a strategic plan for an organization, and how can these factors be balanced against each other?How do individual and group decision processes aid or impede business decision-making? What are the latest developments in the process of strategy development and execution? How can my academic discipline, as a function within the organization, influence the process of business strategy development and execution?In an organisation, how might the three stages of strategic planning, organisational planning, and tactical planning complement each other?
- How can organizations effectively align their planning process with their mission, vision, and values to ensure strategic alignment?Your new company must plan for adaptability and alignment both internally and externally due to a crisis and other unexpected events, such as a mortgage crisis, a fire, IT system failure, loss of a major customer, loss of suppliers, union strikes, or terrorist attacks. How do you identify a crisis that Kibbles and Bits may experience, and explain how Kibbles and Bits would adapt and align in this crisis?What is competition, and what is the role of strategy in competition?
- Why is strategic management important for organizations? Can an organization be successful without a strategic plan? Why or why not?What are the key principles and objectives of strategic planning, and how can organizations effectively align their long-term goals with their operational activities?Setting strategic objectives is important in your personal career as well. Identify and write down three or four important strategic objectives you want to accomplish in the next few years (finish your degree, find a better paying job, etc.). Are you allocating your resources (time, money, etc.) to enable you to achieve these objectives? Are your objectives measurable, timely, realistic, specific, and appropriate? Do you spend any time and energy in activities that do not contribute to your strategic objectives? Why do you think these activities are not productive? Then reflect and rewrite your objectives that are measurable, timely, realistic, specific, and appropriate.