Describe the benefits of Strategic Planning Process

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Assignment -

Part A -

In all examples see attached file, the organizations' short-term financial hits were real and painful.

Nevertheless, we don't consider these efforts to be acts of charity but acts of strategy. What specific strategic elements were presented and what acts of strategy do they share? (Maximum 500 words).

Part B - Answer any 5 (question 1 and 3 are compulsory).

Question 1: Describe the benefits of Strategic Planning Process? Apply the Phase 1 of the Strategic Planning process to your own organization.

Question 2: Explain the concept of strategic management in a Multi Business Organization. Identify the levels of Strategy and how do goals and objectives vary at each level?

Question 3: What should be the key traits of a BSC (Balance Score Card)? Develop the balance score card for the organization you used in Question 1. Further explain how BSC helps in corporate governance?

Question 4: Discuss the benefits of Global Strategy and the concept of Globalization. What are the key differences in different global business structures?

Question 5: Explain the concept of Porter's five forces model used for industry analysis? Apply the model to airline industry and explain what are the major factors that become barriers to entry in the new industry?

Question 6: What used to be national markets with local companies competing for business has become a global market with everyone competing for everyone's business everywhere. Explain the generic strategies by Porter for competitive advantage in the light of above statement.

Question 7: What do you understand by the term Business Growth Strategy options? Explain various options and apply them in your organization. Develop BCG matrix for your organization and analyze its current business portfolio.

Attachment:- Assignment File.rar

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The present solution is based on six questions (questions 1, 2, 3, 4, 5 and one compulsory questions in the third attachment). The solution comprises of more than 2500 words. The solution is completely new and is free from any type of plagiarism. Instructions were followed for the preparation of this assignment. The solution is submitted in the Microsoft Word file.

Reference no: EM132325004

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