In operations describe and discuss the three stages of strategy development that a large organization must go through.
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In operations describe and discuss the three stages of strategy development that a large organization must go through.
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- Strategy formulation, implementation, and evaluation activities occur at the following hierarchical levels in a large organization to include: a. Functional, horizontal and divisional or strategic business unit b. Functional, horizontal and corporate c. Corporate, divisional or strategic business unit, and functional d. Corporate and functionalIn strategic management, These forces determine its profitability, competitiveness, growth, and direction.Explore the concept of strategic alignment and discuss how organizations can ensure that their long-term plans are closely aligned with their mission, vision, values, and overall corporate objectives.
- 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?What are the key principles and objectives of strategic planning, and how can organizations effectively align their long-term goals with their operational activities?Discuss the fundamental principles of the business strategy and how does it vary from the corporate strategy?
- An organization's strategic plan includes its why, where and how for its purpose represented by opportunities, strengths and weaknesses. opportunities, strengths, and mission. mission, strengths, and strategy. mission, vision, and strategy.Discuss how getting a solid strategy would ensure the organization success?What are the different levels of planning in an organization, including strategic, tactical, and operational planning, and how do they interact with each other?
- Compare strategy formulation with strategy implementation in terms of each being an art or a scienceStrategy is important to organizations if they are to gain and maintain a competitive advantage. Critically discuss how the strategic planning process assist companies in gaining and maintaining a competitive advantageHow can organizations align their long-term strategic goals with short-term operational plans to ensure consistency and effective implementation?