Strategic management consists of the analysis‚ decisions‚ and actions an organization undertakes in order to create and sustain competitive advantages. This definition captures two main elements that go to the heart of the field of strategic management. First‚ the strategic management of an organization entails three ongoing processes: analysis‚ decisions‚ and actions. That is‚ strategic management is concerned with the analysis of strategic goals (vision‚ mission‚ and strategic objectives) along
Premium Strategic planning Strategic management
Organizational Planning This paper will provide a brief overview of L-3 Communication’s SWOT analysis‚ strategic‚ and operational plans that will enable the corporation to achieve its strategic and operational goals. This paper will identify strategic and operational plans for the specific strategic goal of technical and market leadership‚ and the operational goal of quality as the standard by which performance is measured L-3 is currently experiencing strong inorganic growth through the acquisition
Premium Management
Program Planning and Evaluation November 18‚ 2012 Agencies have programs to fill their mission and solve an intended problem. The programs have goals‚ objectives‚ activities‚ and outcomes that meet the needs of a target population. Programs have to be carefully planned by someone in the agency or someone who is called in for the program to succeed. That success is measured through program evaluation. Program planning and program evaluation are ongoing operations that promote and support
Premium Domestic violence Evaluation Child abuse
What is Career Planning | Career is the occupation or work that you choose for life. Hence it is of utmost importance in today’s trying times that we choose a career well and not stumble into it. There should be ample scope for growth. A wrong choice can lead to a frustrating life with no purpose or meaning. To avoid this we need to think carefully and research into occupations. It is simple and not a lengthy process.Career interest is of utmost importance. Decide what you wish for in life.
Premium Human resource management Employment Human resources
AUDIT PLANNING Audit planning procedures are the first and perhaps the most important step in carrying out a successful audit. Without adequate planning‚ the likelihood of missing a significant risk area or encountering engagement-related problems increases considerably. As baseball great and noted philosopher‚ Yogi Berra puts it‚ “If you don’t plan on where you are going‚ you could end up someplace different!” All too often the auditor does not give adequate attention to audit planning for a vast
Premium Audit Internal control Auditing
Spirit Airlines Strategic Choice and Evaluation-Week 4 University of Phoenix-STR 581 April 16‚ 2011 Strategic Choice and Evaluation The next phase associated with strategy formulation is the strategic analysis and choice phase of the process. According to Pearce & Robinson (2013)‚ “Business managers examine and choose a business strategy that allows their business to maintain or create a sustainable competitive advantage” (p. 238). Therefore‚ a business such as Spirit
Premium Strategic management US Airways Airline
The Office of Strategic Services (OSS) was created on June 13‚ 1942 by President Franklin Roosevelt after he decided that he needed a new and different form of espionage group modeled after a British Intelligence agency. The primary reason for the OSS was to gather enemy information‚ carry out sabotage operations‚ distribute propaganda to attack the enemies and plan out special operations for different agencies. Willam J. Donovan was the head of OSS appointed by President Roosevelt‚ who soon
Premium Central Intelligence Agency United States World War II
Aggregate planning is the process of developing‚ analyzing‚ and maintaining a preliminary‚ approximate schedule of the overall operations of an organization. The aggregate plan generally contains targeted sales forecasts‚ production levels‚ inventory levels‚ and customer backlogs. This schedule is intended to satisfy the demand forecast at a minimum cost. Properly done‚ aggregate planning should minimize the effects of shortsighted‚ day-to-day scheduling‚ in which small amounts of material may be
Premium Planning Temporary work Economics
Financial Planning A process of money management that may include any or all of several strategies‚ including budgeting‚ tax planning‚ insurance‚ retirement and estate planning‚ and investment strategies. In effective financial planning‚ all elements are coordinated with the aim of building‚ protecting‚ and maximizing net worth. It is imperative for an organization to indulge in financial planning to asses its financial capabilities and chart out its corporate growth plan. The fact that
Premium Management Strategic management Project management
for example‚ agriculture region‚ resource region‚ city region‚ planning region etc. Planning: All the daily activities of human beings are carried out on land. Proper organization of these activities i.e. planning will help the human being in leading a richer and fuller life in livable surroundings or environment. "Planning" means the scientific‚ aesthetic‚ and orderly disposition of land‚ resources‚ facilities and services with a view to securing the physical‚ economic and social efficiency
Premium Economics Economy Economic development