Question and answer
What are the primary internal organizational considerations for the development of a strategic plan? Which consideration is the most important? Why?
Structure and Culture Structure and culture play a large role in a company's ability to adapt and thrive under changing conditions. [ The feasibility of pursuing a particular strategic course of action may be affected by whether the action fits with your company culture- and whether your organizational structure can accommodate the change. For example, a company with a tall organizational
structure- with many layers of management and complex reporting relationships- may find that its structure impedes a strategic goal to improve customer service survey scores, since front-line employees must have management approval for all remedial actions. Workforce Issues You must consider the strengths and weaknesses of your workforce when crafting strategic plans. A highly skilled workforce can respond much differently than an unskilled workforce in the same change scenario, and a mixed workforce will respond in a different manner as well. Employee loyalty and company politics play a large role in how adaptable your workforce is to specific changes. A workforce with a good track record of creativity and innovation is well suited to identify with, and take charge of, new strategic initiatives. Competitive Advantages Every successful company needs a competitive advantage- something that it can do better than other players in the industry. Competitive advantages can take a number of forms. Patents, processes, technologies, locations, key partnerships and exclusive contracts are just a few. Identify your competitive strengths and make plans to leverage them to achieve strategic goals. Use competitive advantages as a starting point when identifying strategic opportunities. Financial Considerations Finances are critical to organizational sustainability. Before engaging in strategic planning, consider how much cash you have on hand, how much credit you have available and how much debt you already have. Set strategic goals that are within your budget in order to increase the chance that your goals will be realized. ]
Expert answered|Sansunr|Points 20|
Question
Asked 10/12/2012 5:51:00 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
25,360,607 questions answered
Popular Conversations
A geocentric system is ...
Weegy: A geocentric system is Earth-centered. User: In the past, astronomical observations were an important part of ...
5/29/2016 1:57:09 PM| 3 Answers
coercive
Weegy: The Coercive Acts were meant to reverse the trend of colonial resistance but actually provoked higher levels of ...
5/29/2016 3:19:03 AM| 2 Answers
Which of the following statements does NOT describe how teens can ...
Weegy: In order to gain the maximum benefits from an exercise program, you should include both cardiovascular training ...
5/29/2016 9:17:54 AM| 2 Answers
The wicked witch and the big bad wolf are examples of A. ...
Weegy: A. Dynamic Characters, characters you know and love from fictional stories. User: If an author wanted to ...
5/29/2016 11:33:48 AM| 2 Answers
In order to minimize the difficulty associated with meeting monthly ...
Weegy: In order to minimize the difficulty associated with meeting monthly loan payments, the debt service ratio should ...
5/29/2016 9:21:26 PM| 2 Answers
Why are closing costs a one time fee?
Weegy:
5/30/2016 12:02:23 AM| 2 Answers
Weegy Stuff
S
Points 732 [Total 732] Ratings 10 Comments 612 Invitations 2 Online
S
Points 710 [Total 710] Ratings 13 Comments 580 Invitations 0 Online
S
Points 646 [Total 646] Ratings 0 Comments 646 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 299 [Total 12551] Ratings 2 Comments 279 Invitations 0 Offline
S
L
P
P
P
Points 166 [Total 3543] Ratings 0 Comments 166 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
L
Points 23 [Total 4115] Ratings 0 Comments 23 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.