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vodka [1.7K]
1 year ago
9

planning is an essential part of managing an enterprise. a(n) select plan is developed as a guide during the planning process fo

r major policy setting and decision making.
Business
1 answer:
yaroslaw [1]1 year ago
4 0

planning is an essential part of managing an enterprise. "Strategic" plan is developed as a guide during the planning process for major policy setting and decision making.

What is Strategic plan?

Business executives use the process of strategic planning to determine the aims and objectives of their organisation as well as their long-term vision. Establishing the order in which these objectives should be accomplished can help the organisation achieve its stated vision. Although it can run longer, strategic planning frequently addresses objectives with a life cycle of three to five years. A business plan may cover a time frame of several years to several months.

Why is strategic planning important?

For firms, organisational direction and goals are crucial. Strategic planning offers that kind of guidance. A strategic plan essentially serves as a roadmap for accomplishing organisational goals. It is impossible to tell if a company is on track to achieve its goals without such guidance.

The following four factors should be taken into account when creating a strategy.

1) The mission

2) The goals

3) Alignment with short-term goals.

4) Evaluation and revision.

What are the steps in the strategic planning process?

Depending on the sort of business and the level of granularity necessary, there are a plethora of different approaches to strategic planning. These five steps can be used to outline most strategic planning cycles:

1) Identify

2) Prioritize

3) Develop

4) Implement

5) Update

To learn more about Strategic planning

brainly.com/question/17924318

#SPJ4

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In a SWOT Analysis, the primary objective of managers participating in this exercise is to:a. identify strategies that exploit e
Anettt [7]

Answer:

a. identify strategies that exploit external opportunities, counter threats, build on strengths, and eradicate weaknesses.

Explanation:

SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats.

It is used to assess an organization's competitive strength and to devise strategies accordingly.

Strengths relate to an organization's specialization which provides a competitive edge to it.

Weaknesses refer to shortcomings or limitations of an organization. Weaknesses could be inherent.

Opportunities refer to favorable situations available at the disposal of the organization which it must seize immediately.

Threats relate to dangers arising out of changes in the business environment.

The aim of SWOT analysis activity is to come up with those strategies which make the most out of available opportunities, overcome threats, further build up strengths and eliminate weaknesses.  

6 0
3 years ago
Adeline runs a multi-cuisine restaurant. On the day of a big event at the restaurant, the chefs run out of cooking gas. At this
Nonamiya [84]

Answer:

D. The GII decision style

Explanation:

This is the situation or technique whereby a leader calls his team together seeking ideas and input (brainstorming together) to find solutions to apparent problems facing them. The overall decision of the group brainstorming is what is accepted and used. This is based on the Vroom–Yetton contingency model is a situational leadership theory of industrial and organizational psychology. In the GII decision style, the final decision is no longer the leaders decision again. The leader allows free flow of discussion during the brainstorming session and doesn't impose his will. Here, Adeline calls her staff together to brainstorm a solution to the finished gas problem in front of them.

5 0
4 years ago
choose ONE of the following home-based activities in which family members can work together as a unit and explain TWO ways in wh
enyata [817]

While parents, family, and community members may assume specific roles as they become involved in the education of children, for example as volunteers in the classroom (see Epstein and Connors' typology, 1993), a synthesis of the literature reveals three overarching roles that are created in the development and implementation of parent and community involvement programs (Lyons, Robbins and Smith, l983; Lynn, l994). Each of these roles is actualized in very different ways in relationships in classrooms, schools, and school districts:

Parents as the primary resource in the education of their children is best exemplified in home learning. Home learning is the activity, or set of activities, that parents and family members may engage in to help their children succeed academically. This partnership role between parents and/or family members and schools may have the greatest impact on achievement.

Parents and community members as supporters and advocates for the education of their children is facilitated through site-based school restructuring. Restructuring schools to create parent and community partnerships with schools focuses on organizational structure. Changing activities; creating new relationships between parents, families, communities, and schools; and implementing innovative strategies are ways that schools can restructure to facilitate parent and community involvement in this role.

Parents and community members as participants in the education of all children incorporates a broader vision in the partnership between schools and the populations they serve. Districtwide programs provide the vehicle for parents and community members to be involved in roles that reach beyond the immediate impact of an individual child to the impact on all children in the district.

5 0
3 years ago
Difinition of effective communication
Tomtit [17]
The mutual understanding and listening to both parties. It helps create a stronger work relationship (this isn’t the exact answer it’s just in my own words)
7 0
3 years ago
Recently the United States imposed a 35% tariff on Chinese tire imports in hopes of sustaining U.S. Jobs in tire manufacturing.T
pogonyaev

Answer:

This is an example of increasing protectionism.

Explanation:

Protectionism can be defined as an economic policy under which the government of a country limits imports in order to protect the domestic economy. The government adopts a number of actions to protect domestic industries. Some of these measures are

  • Tariffs
  • Quotas
  • Subsidies
  • Product standards

In the given example, the imposition of a 35% tariff on the imports of tires from China indicates increasing protectionism. This tariff will increase the price of Chinese tires in the US market. As a result, the buyers will prefer the domestic tires which will be cheaper.  

This will help the tire manufacturing industry by increasing its demand. So their production and employment will increase as well.

3 0
3 years ago
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