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.
17,625,658 questions answered
Popular Conversations
Which of the following is correct? A. The purine G bonds with the ...
Weegy: B. The purine C bonds with the pyrimidine G. User: The purines in DNA are A. thymine and ...
10/1/2014 2:38:30 PM| 3 Answers
antonym of prevented ...
10/1/2014 9:05:38 AM| 3 Answers
Simplify the expression. (3x - 1)(x^2 + 2x - 4) User: 3x+2(x+5) ...
Weegy: 1+tan^2(x) = sec^2(x) 1+cot^2(x) = csc^2(x) (1+tan^2(x)) / (1+cot^2(x) = sec^2(x) / csc^2(x) = ...
10/1/2014 1:46:20 AM| 3 Answers
The pressure of ocean water increases as depth increases. User: The ...
Weegy: It originates in the Gulf of Mexico and, as the Florida Current, passes through the Straits of Florida and then ...
9/30/2014 6:27:02 AM| 3 Answers
The densest ocean water is generally found a. in the surface ...
Weegy: A. in the surface zone User: In which zone is ocean temperature most affected by the weather? a. transition ...
9/30/2014 6:07:25 AM| 3 Answers
What is planter flexion?
10/1/2014 1:37:43 PM| 2 Answers
what is weegy
Weegy: Weegy also has a montly point contest. [ The experts with the most points per month wins extra money! I haven't ...
10/1/2014 12:19:15 PM| 2 Answers
Who is Harry Bailly?
10/1/2014 11:54:52 AM| 2 Answers
What is an overdraft?
10/1/2014 11:23:22 AM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
Points 92 [Total 9574]| Ratings 0| Comments 92| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 53 [Total 12428]| Ratings 0| Comments 53| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 38 [Total 12267]| Ratings 0| Comments 38| Invitations 0|Offline
S
1
L
L
Points 35 [Total 5829]| Ratings 0| Comments 35| Invitations 0|Offline
S
P
C
L
P
L
1
Points 12 [Total 6246]| Ratings 0| Comments 12| Invitations 0|Online
S
Points 10 [Total 10]| Ratings 1| Comments 0| Invitations 0|Offline
S
1
L
1
Points 10 [Total 3354]| Ratings 1| Comments 0| Invitations 0|Offline
S
Points 2 [Total 37]| Ratings 0| Comments 2| Invitations 0|Offline
S
Points 1 [Total 214]| Ratings 0| Comments 1| Invitations 0|Offline
S
1
L
Points 1 [Total 3077]| Ratings 0| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.