University of Phoenix Strategic Initiative Paper Alex Money Jermaine Bailey Micheal Maddox Rosie Burton FIN370 – Edward Hastings Week Three – June 15th 2011 WALMART Walmart’s annual report is a comprehensive look at the company’s activities throughout the preceding year. Walmart’s annual reports are intended to give shareholders and others‚ who are financially affiliated‚ information about the company’s activities and financial performance. Also within such a comprehensive
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Abstract Ask five or ten different people for a definition of strategic planning or decision making or even planning and you will probably receive five or ten different answers. Most agree that strategic planning is a way to identify long-term goals and to direct your company toward fulfilling those goals. Most also will agree that decision making is a cognitive activity involving the interplay of environmental cues and human cognitive processes‚ culminating in the selection of one or more possible
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Strategic Planning Question A One of the major differences between conventional planning and strategic planning is that "conventional planning tends to be oriented toward looking at problems based on current understanding‚ or an inside-out mind set. Strategic planning requires an understanding of the nature of the issue‚ and then finding of an appropriate response‚ or an outside- in mind set" (Rowley‚ 1997‚ p. 36). Strategic Planning is a necessary process that must occur for any organization
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Strategic Planning in Marketing Preface The purpose of the strategic planning is to find ways in which the company can best use its strengths to take advantage of the opportunities in the environment. For long run survival and growth‚ companywide strategic planning is done which involves defining a company’s mission‚ setting companies goals and objectives‚ designing the business portfolio‚ planning other functional strategies. Marketing Strategies and programs operate within the broader strategic
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Management Planning Management Planning According to Halliburton.com (2013)‚ “Founded in 1919‚ Halliburton is one of the world’s largest providers of products and services to the energy industry. … Halliburton comprises 13 product service lines (PSLs). The PSLs operate in two divisions: Drilling and Evaluation‚ and Completion and Production” (para. 1-2). This is a company that needs to put the best strategic plan in place that will plan effectively for the future of the company that will make
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1. INTRODUCTION TO STRATEGIC PLANNING Strategic Planning Process Defined Successful RBA efforts involve strategic planning‚ implementation‚ monitoring‚ and evaluation (which will ultimately provide data that will be used in future planning and implementation efforts). Strategic planning‚ an essential first step in the development of a results-based accountability system‚ is defined as the process of addressing the following questions: Where are we? What do we have to work with? Where do we want
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Unit4: Planning Meaning and Definition of Planning Planning is the primary function of management. It focuses on the future course of action. It specifies the objectives to be achieved in future and selects the alternative course of action to reach defined objectives. It also involves many activities like analyzing and decision making about technical‚ personnel‚ financial‚ and other elements essential to implement predetermined course of action. Thus‚ planning is mental and paper activities
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STRATEGIC PLANNING AND IMPLEMENTATION INTRODUCTION For the purpose of this paper I have selected M/s. Apple Inc as an organisation. M/s. Apple Inc are considered to be one of the most competitive organisations in the globe who operate in a very fast environment of technology and computers‚ where the developments are so rapid and fast that the management are expected to revisit their strategies and implementation plans on a continuous basis to stay competitive and maintain that technological
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Management and Planning Management Planning Management: Theory‚ Practice and Application/330 Management Planning Planning is identifying the goals to be accomplished and making a decision to move forward the suitable actions needed to achieve those goals (Bateman and Snell‚ 2009). Examples of planning may include examining current situation‚ predicting the future‚ establishing goals‚ choose what types of activities one will engage‚ and selecting the resources needed to achieve the said goals (Bateman
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Potential Challenges within the strategic planning process Strategic planning has a lot of advantages to it but‚ at the same time‚ there are issues/barriers and potential challenges that an organization may face. The tool to the effectiveness of any strategic plan is to find any barrier/challenge and develop a plan to eradicate the barriers. “A strategic issue is a fundamental policy question or challenge affecting an organization’s mandates‚ mission and values‚ product or service level and mix‚
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