Final Strategic Plan Gregory Palmer University Of Phoenix Integrated Business Topics BUS/475 Larry Gonzales January 11‚ 2013 Final Strategic Plan Everyone wants to have a delicious meal that will not cost them a lot of money. There are many restaurants that try to sell you their services. Greg’s Family Restaurant is a restaurant which will provide a wholesome nutritious meal and great customer service for all our patrons. Mission Statement The mission of Greg’s restaurant is to provide
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Introduction: Defining the mission statement for a company is often one of the most slighted tasks in strategic management. It is much easier for many executives to emphasize operational aspects of long-term management activities rather than making sure short-term activities are in sync with the long-term goals. The principal value of the mission statement is its specification of the firm’s ultimate aims. A firm gains a heightened sense of purpose when its board of directors and its top executives
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BCom Honors (Strategic Management) STRATEGIC MANAGEMENT Module code: STM8X09 2014 STUDY GUIDE Lecturer: Miss Anoosha Makka Copyright © University of Johannesburg‚ South Africa Second edition 2008 Printed and published by the University of Johannesburg © All rights reserved. Apart from any fair dealing for the purpose of research‚ criticism or review as permitted under the Copyright Act 98 of 1978‚ no part of this material may be reproduced‚ stored in a retrieval system
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Foundations of Planning Facilitator: S. Ali Jafari CASE Understanding Powerful Role of Your Experience in Finetuning Your Judgment Contd… • Those who cannot remember past are fated to repeat it. -George Santayana -George • Bad judgment can come form bad memory. -L. William Seidman -L. • Only thing new in world is history you don’t know. don’t -Harry S. Truman -Harry • Farther backward you can look farther forward you are likely to see. -Winston Churchill -Winston Contd… Contd… Understanding
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P A R T 1 Strategic Analysis PA R T O U T L I N E 1 2 3 4 Strategic Management: Creating Competitive Advantages Analyzing the External Environment of the Firm Assessing the Internal Environment of the Firm Recognizing a Firm’s Intellectual Assets: Moving beyond a Firm’s Tangible Resources 1 Chapter 1 Analyzing Goals and Objectives Chapter 2 Analyzing the External Environment Chapter 4 Assessing Intellectual Capital Strategy Analysis Chapter 3 Analyzing the Internal Environment
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objectives and core values as it pertains to nursing services; • discuss the elements/ components of planning; • enumerate the types and phases of strategic planning; • understand the importance of formulating mission‚ vision‚ value statements‚ objectives and philosophy act as a basis for any organization; and • understand the purposes and benefits of strategic planning. Elements/ Components of planning Forecasting or Estimate the future Set Objectives/Goals and Determine Results Desired Develop and
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Centre Maldives 1 1.2 Rationale 1 Strategic management defined and its process 2 1.3 7S model 2 1.4 Triple loop learning 3 2 Process of strategic management followed at Zhujiang Iron and Steel Company (ZISCo) 3 2.1 Strategic factors 3 2.2 Strategic Capabilities 4 2.3 Organisational performance 5 2.4 Inconsistency 6 2.4.1 External inconsistency 6 2.4.2 Internal inconsistency 6 2.5 Gap in strategy formulation 7 2.6 Strategic options available for ZISCo 7 2.7
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Planning and Measuring Performance The Organizational Planning worksheet for Yum! Brands identifies a strategic goal to understand markets and cultures where expansion is desired primarily through Yum Brands International and China. This is a strategic goal versus an operational goal because market research and understanding must be deployed prior to new operations in new regions. Appropriate standards are used to evaluate the goal. Specific tools are effective in measuring the organization’s
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A strategic group is a concept used in strategic management that groups companies within an industry that have similar business models or similar combinations of strategies. For example‚ the fast-food industry can be portrayed as consisting of several strategic groups. The number of groups within an industry and their composition depends on what dimensions you use to define the groups. Strategists often use a two dimensional grid to display the position of each company along to the two most important
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Human Resource Planning The process that connects an organization’s strategic plan with its human resource needs is called human resource planning. The process ensures that staffing needs are addressed to achieve the organization’s objectives. Human resource planning is important because it helps an organization maintain a competitive edge and retain employees. Human resource planning determines the supply and demand of employees‚ according to the needs and wants of the business and its customers
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