Three approaches to making strategy is strategic planning

Assignment Help Operation Management

Reference no: EM131192844

The most "top down" of the three approaches to making strategy is strategic planning. Often, these plans will run in three- to five-year cycles. What happens once the plan has initially identified the strategic needs of the corporation? a)Senior management develops a set of metrics to measure the success of implementing the plan. b)Senior management submits the detailed plan to the Board of Directors for approval. c)Senior management allocates the corporate resources to match the plan.d)Nothing. By the time a plan is accepted, the next planning cycle has started.

Reference no: EM131192844

Questions Cloud

Culture is learned-shared and enduring orientation patterns : Culture is the learned, shared, and enduring orientation patterns in a society and demonstrated by people through values, ideas, attitudes, behaviors, and symbols. How does the type of toilet used in Japan reflect the culture of its people-give a cou..

Factors such as firm objectives-procedures : Factors such as a firm's objectives, procedures, and systems are examples of ________ influences on teh business buyer behavior. Kodak's film business didn't lose out to direct compeitor Fujifilm, it lost out to Sony, Canon and other digital camera m..

The good perks and salary benefits the job offers : In her work in the publishing? industry, Vera Loranzo seeks out new authors who she considers promising. In the past two? years, she has found a number of new writers whose work she thought was exceptional and immersed herself in the task of helping ..

Three approaches to making strategy is strategic planning : The most "top down" of the three approaches to making strategy is strategic planning. Often, these plans will run in three- to five-year cycles. What happens once the plan has initially identified the strategic needs of the corporation?

With the increasing use of technology in the workplace : With the increasing use of technology in the workplace, workplace security is getting more difficult for organizations to manage. The advancements in technology facilitate companies grow at a faster rate. The productivity and development of the compa..

Successful communication entails for public administrators : What sources of information do you find useful for understanding what successful Communication entails for Public Administrators? (This could be books or articles you have discovered or used, or websites that provide useful information, or social net..

Similarities between project plan and post project report : The difference and similarities between the project plan and the post project report. The extent to which the planned goals and objectives have been achieved. Prepare a summary of the differences and similarities between the two reports and to what e..

Analyze how they use the social network : Locate three celebrity who have sizable fan bases on Facebook and analyze how they use the social network. Using whatever medium your instructor requests, write a brief analysis of the lessons, positive or negative, that a business could learn from t..

User Account

All Pages