You have new items in your feed. Click to view.
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.
26,202,712 questions answered
Popular Conversations
Find the quotient. 4 r ÷ 4 s 4r ÷ s 4r - s 4r + s User: ...
Weegy: False User: Simplify. y 5 · y 3 ÷ y 2 User: Simplify. n 6 · n 5 ÷ n 4 · n 3 ÷ n 2 · n User: Simplify 3a · ...
9/26/2016 11:25:47 AM| 3 Answers
Evaluate the following expression. (8^1)^0
Weegy: A number can not be divided by zero. The answer to 8/0 is undefined. User: Find the product. -7(-a 2)(-b ...
9/26/2016 10:49:35 AM| 2 Answers
Find the product. y^5 · y^3
Weegy: y^5 · y^3 = y^8 User: Find the product. (-4·3·2)^2 User: Find the product. (fg)^9
9/26/2016 10:59:57 AM| 2 Answers
Weegy Stuff
S
L
P
P
P
P
P
L
Points 991 [Total 5063] Ratings 2 Comments 971 Invitations 0 Offline
S
P
1
L
Points 718 [Total 1598] Ratings 5 Comments 668 Invitations 0 Online
S
Points 205 [Total 499] Ratings 0 Comments 205 Invitations 0 Offline
S
L
P
Points 127 [Total 1239] Ratings 0 Comments 127 Invitations 0 Offline
S
Points 105 [Total 105] Ratings 0 Comments 105 Invitations 0 Offline
S
L
P
P
P
Points 75 [Total 3937] Ratings 0 Comments 75 Invitations 0 Offline
S
Points 72 [Total 72] Ratings 0 Comments 72 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
L
Points 25 [Total 4250] Ratings 1 Comments 15 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.