Why is strategic planning important to any and all managers

Document Type:Coursework

Subject Area:Law

Document 1

It helps them to get profitable insights on market to increase their profits. List and briefly explain: What are the seven (7) steps in the strategic planning process • Developing a mission and vision-This is planning ahead concerning the management and operation of the organization. It involves obtaining ideas and feedback information from various people especially the customers, employees and stakeholders. • Carrying out the SWOT analysis-SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. It involves attaining views of various shareholders in the organization. It is a dependent of the vision and varies after a long period of time. A strategy is a plan to implement the vision and mission of an organization. Strategies vary from time to time. Briefly explain: How can HR management be instrumental in creating a competitive advantage? The department of human resource in a company assesses the qualifications and amount of workforce an individual brings to the company.

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It can design an effective training program, hire the best employees and institute successful retention programs. Summarize: What items are typically included in a job description? Do you think companies can really do without having detailed job descriptions? Why or why not Items included in a job description are the level of skills and knowledge, responsibility, expectations, standards of performance and scope of authority. Companies cannot do without job descriptions because it indicates the standards required by the employee to hold a certain position. Assigns a level of authority and responsibility to each worker. Defines the expectations and behavior of workers. Clarifies the administrative structure of department and states the capability, level of skill and experience needed to have a particular job Briefly explain: What HR Tool (online/internet website) can managers refer to when seeking to hire an individual but are not quite sure what specific skills are required for the job? What does this tool do for HR managers or other company managers? Plum is a tool that calculates and selects the employee fit for a job from a plum survey.

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