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1.1 assess how business missions, visions, objectives, goals and core competencies inform strategic planning

05 / 03 / 2018 Assignment

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Assignment title

Based on the studied relevant chapters, complete the following tasks.

Aim of the assignment

This assignment satisfies the following learning outcomes:

LO1 Understand the process of strategic planning

1.1   assess how business missions, visions, objectives, goals and core competencies inform strategic planning

 

1.2   analyse the factors that have to be considered when formulating strategic plans

 

1.3     evaluate the effectiveness of techniques used when developing strategic business plans

Specific requirements

(see Appendix for assessment criteria and grade descriptors)

Answer the following questions:

1.      Compare and discuss the differences among mission, vision, objective, goal and core competence. How are they related to strategic planning? Definition  

Write 1-2 sentence(s) examples for each to illustrate your answer. P 107 to 125

+ definition of each terminology

               Mission

               Vision

              Objective

               Goal

                 Core competence

+ give example

Criteria short, interesting, should choose from 1 org to make all concepts more coherent related to each other

+ how are the term related to strategy planning->make short aguments if applicable

+ compare and discuss the difference

http://assignment4student.blogspot.com/2013/04/business-strategy-1_5314.html

 

Question 1 produces evidence for assessment criterion 1.1

2.      What are the steps and issues/factors of strategic planning? Give examples where necessary.

Question 2 produces evidence for assessment criterion 1.2

a. step

b. issue

Who, what, which

+ pyramid of strategy practice -> yếu tố con người (who) gồm những ai

+ approach of strategy planning

                 Top down,

                  botton up

             Behavioral approach

+ form of strategy planning


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