Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: What are the primary internal organizational considerations for the development of a strategic plan? Which consideration is the most important? Why?
A: 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.
26,529,869 questions answered
Popular Conversations
Most volcanoes are located at A. hot spots. B. transform ...
Weegy: Most volcanoes are located a the pacific ring of fire.
12/12/2017 8:34:43 AM| 14 Answers
This year, after a lengthy, noisy debate, they decided to take ...
Weegy: This year, after a lengthy, noisy debate, they decided to take separate vacations. This is a Simple Sentence. ...
12/10/2017 4:51:34 AM| 4 Answers
What is the primary mission of the Department of Homeland ...
Weegy: The primary mission of the Department of Homeland Security is " ensuring that the United States and its citizens ...
12/12/2017 7:12:59 AM| 4 Answers
Which layer of Earth is responsible for creating Earth's magnetic ...
Weegy: Earth's "Outer Core" is responsible for creating Earth's magnetic field.
12/12/2017 8:25:18 AM| 4 Answers
Which one of the following types of sentences gives a command or ...
Weegy: Do your work! The sentence above is an example of an IMPERATIVE sentence. User: Which one of the following ...
12/8/2017 6:12:32 AM| 3 Answers
The American College of Sports Medicine (ACSM) recommends doing ...
Weegy: I thing adults should get at least 150 minutes of moderate-intensity exercise per week. [ Exercise ...
12/6/2017 9:19:04 AM| 2 Answers
Making it a point to work out with a friend is an example of a ...
Weegy: people might interpret a "fitness goal" differently but if what you want is to get healthier, then working out ...
12/7/2017 7:04:03 AM| 2 Answers
Weegy Stuff
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
P
L
P
Points 1 [Total 166] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.