BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When developing strategy for organization, which questions should we ask first?
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How we will get there on a daily to weekly basis?
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How are our departmental operational plans?
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What are our short-term goals and operational objectives? How do we break down a larger strategic goal into workable tasks?
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Where do we compete? What unique value do we bring to market? Which resources do we have or need? How do we sustain our value?
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Explanation:
Detailed explanation-1: -The first step of any strategic planning process starts with research. Agency Alpha conducts an environmental scan, a process where they identify and monitor factors that may impact the long-term direction of the agency.
Detailed explanation-2: -Strategic Objectives and Analysis. The first step is to define the vision, mission, and values statements of the organization. This is done in combination with the external analysis of the business environment (PESTEL) and internal analysis of the organization (SWOT).
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