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Lessons on Managing and Planning Strategically Essay

Assignment id 1000155
Discipline Arts Entertainment
Assignment type Essay
Words 2096
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Executive Overview - The Article "Lessons on How Best to Handle and Plan Strategically" covers the procedure for defin-ing a strategy for a company. It starts by describing the gaps between effective-ness (doing the correct things) and efficiency (doing things right) also shows why a supervisor should keep the differentiation in mind while developing a plan. Going together with the definition of plan as "a strategy of activities designed to attain a particular goal," the very first step of defining a strategy is defining the associations goal -- the mission. This assignment describes the fundamental goal of an organization and what the organization does and provides the manager a direction in which to go. The leadership alone yet isn't enough to plan the activities and to define a plan. Every organization contains several stakeholders and it consequently must represent their own beliefs. So as to achieve this the next step of planning strategically is finding out the values of this organization, which signify the stakeholders' customs. The following third step of establishing a strategy is analyz-ing the present position of an organization, to ensure that together with the mission and the worth of a business a vision of where the business wishes to see itself later on can be made from the fourth measure. Eventually in the previous step supervisors compare the present position of the corporation together with the position defined in the vision and derive actions that establish the strategy of a company and transfer it into the desired place. To assist this process the article presents the several programs -- that the PESTLE-Analysis, Porters 5 Forces, the SWAT-Analysis and SMART-Visions. As a final comment it's important consider the fact that the steps of deve...

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