Reference no: EM132395514
Question: 500-600 words
Institution for question- Albany State University Albany, Ga
Most successful institutions have a strategic planning process to complement their budget preparation. The strategic plan is the road map for administrators to follow when preparing the operating and capital budgets. Strategic plans can take various forms and often cover a 3-5 year period.
In your Small College Guide to Financial Health: Weathering Turbulent Times text, review Table 8.3 on page 192, "Ten Ways to Avoid Strategic Planning Mistakes," then address the following:
• Identify which of the 10 items is practiced best at your institution.
• Determine which of the 10 items is practiced least at your institution.
• Explain which of the 10 ways you would like to see change at your institution.
Table 8.3- Ten Ways to Avoid Strategic Planning Mistakes
1. Do the data. Regardless of the demand involved, good data collection is a prerequisite for good strategy.
2. Involve critical segments of the college. Instruction, student services, and finance departments must interact.
3. Be realistic about goals. A poor or invisible college cannot become a Cinderella overnight.
4. Find alternatives, and test them. Explore ways beyond the obvious, resisting the urge to implement the first plan that comes to mind.
5. Make managers accountable for carrying out the plan. Passing the buck will impoverish the strategy.
6. Measure performance. Objectives must be measurable and benchmarked to good practices.
7. Monitor progress. Assume nothing. Establish formal monitoring systems.
8. Review and revise regularly. Annual strategic review meetings should be supplemented as necessary throughout the year.
9. Support the plan with policies and procedures. A toothless plan is a worthless plan.
10. Include options in the plan. Allow for the unexpected by keeping viable alternatives handy. There's more than one way to skin a strategy.
|
BBUS1003 Business Communication Assignment
: BBUS1003 Business Communication Assignment Help and Solution. Australian Institute of Higher Education, Australia. Assessment - Reflection
|
|
Describe how the research report could be useful
: Read Kiefer and Ellerbrock's 2012 qualitative research report titled "Caring and Fun: Fostering an Adolescent-Centered Community Within an Interdisciplinary.
|
|
What ideas in the readings influence your point of view
: If you are a parent or an aunt or uncle, would you allow or encourage kids in your care to play computer games? Why? What ideas in the readings influence your.
|
|
Describe typical clinical evaluations performed to diagnose
: Identify and briefly describe typical clinical evaluations performed to diagnose the condition, and specifics about the types of evaluations or assessments.
|
|
Identify which items are practiced best at your institution
: Identify which of the 10 items is practiced best at your institution. Explain which of the 10 ways you would like to see change at your institution.
|
|
What minimum profit margin should management target
: In order to achieve an ROE of 12%, what minimum profit margin should management target, assuming assets, sales, and debt remains constant?
|
|
Holding period return of this bond for the year
: If the yield to maturity in 1 year is 9%, what is the price of the bond immediately after the first coupon?
|
|
What specific modifications or adjustments would you make
: Assuming you would conduct another cycle of this study, what specific modifications or adjustments would you make, and why? (three to four sentences)
|
|
Compute the firm price earnings ratio
: The company's share price is $13.94, and the company has 308,840 shares outstanding. Compute the firm's price earnings ratio.
|