Solved: Strategic Planning Process
In a four- to five-page paper (excluding the title and references pages), discuss the strategic planning process. In your paper:
Explain the basic steps in the planning process.
According to Bierman, Ferrell, & Ferrell, (2016), the planning process takes place in the light of the company’s mission and vision. This process takes place in five steps:
- Assessing the Current Situation
- Specifying Assumptions About the Future
- Stating Goals
- Creating the Plan
- Implementing the Plan
Basic Steps in the Planning Process
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Describe the , and predict how the personal attributes of the manager influence decision making.
Effective decision-making follows the following steps:
- Identifying the Problem
- Generating Alternative Courses of Action
- Evaluating the Alternatives
- Selecting the Best Alternative
- Implementing the Decision
- Evaluating the Decision
Steps in the Decision-Making Process
Predict how the steps of the strategic planning process and the environmental factors that influence decision making impact the quality-productivity-profitability link.
References
Albert, C., Brillinger, M., Guerrero, P., Gottwald, S., Henze, J., Schmidt, S., … & Schröter, B. (2020). Planning nature-based solutions: Principles, steps, and insights. Ambio, 1-16.
Bierman, L., Ferrell, O. C., & Ferrell, L. (2016). Management: Principles and applications, custom edition [Electronic version]. Solon, OH: Academic Media Solutions.
Sanayei, A., Mousavi, S. F., & Yazdankhah, A. (2010). Group decision making process for supplier selection with VIKOR under fuzzy environment. Expert Systems with Applications, 37(1), 24-30.
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