In ASSIGNMENT PART 1, you explor trends in resource development, many of which originated from specific societal and technological events and changes. While these events and changes certainly present many opportunities for resource development professionals, they also present many unique challenges. For instance, the Internet creates new and easy ways for nonprofit organizations to garner support for their causes from potential donors worldwide, rather than being limited to potential donors in a specific geographic area. As a result, however, development professionals face more competition for donor funding in this global playing field. In this Discussion, you will explore this challenge […]
Why is strategic planning important to the organization? How does strategic planning help the organization? What kind of strategic planning tools are you familiar with? Have you used SWOT analysis in other classes? Do you know what the balanced scorecard is?
What is a mission statement? What is a vision statement? Review Cokes’ mission statement: To refresh the world… To inspire moments of optimism and happiness… To create value and make a difference Does this statement give direction to the strategic planning process?
Why is an understanding in ethics important to the overall strategy process, and how does an understanding of ethics affect the strategy process as it pertains to the organization’s stakeholders? Provide an example of a company that used unethical behavior to gain profit. What was the unethical behavior and why was the behavior unethical? How did this unethical behavior affect the company?
In week one we discussed mission statements and vision statements. These are used to develop goals and objectives for the organization. There are other things that also need to be done before goals and objectives are done. Please spend a few moments reviewing what a SWOT or SWOT analysis is. How can the results of a SWOT analysis be used to develop goals for an organization. What do we mean by environmental scanning for strategic planning?
What is the role of strategic planning in creating value for the organization? Provide an example of how a company uses strategic planning to create value for the organization. What is a competitive strategy? Choose two or more competitive strategies and compare why each strategy may be appropriate for different companies. For example, one company may use a low-price strategy while another may go for high quality.