discussions 73 – writinghub.net
Part 1 (Strategic Planning Process)
In your own words, define strategic planning and explain why it is crucial to an organization’s survival. In your response, include a description of how strategic planning differs from strategic management. Lastly, explain how your current or previous organization’s strategy might influence its business model.
My Strategic Plan. (n.d.). Mission Statements (Links to an external site.)Links to an external site.. Retrieved from http://onstrategyhq.com/resources/mission-statements/#Defining%20Your%20Mission
Part 2 (Problems with Strategic Planning)
After reading the article “UPS holiday season fiasco: a failure of strategic planning (Links to an external site.)Links to an external site.,” describe where the problem was with UPS’ and FedEx’s strategic planning. How did the fear of losing market share affect their strategic planning? What are potential solutions?
Part 3 (Porter’s Five Forces)
The internet significantly influenced business and strategic planning. In your opinion, according to Porter’s Five Forces Model, has competition increased or decreased overall as a result of the Internet and e-commerce? Justify and support your response with two examples from your text or external resources.
Investopedia. (n.d.) Industry handbook: Porter’s 5 forces analysis (Links to an external site.)Links to an external site.. Retrieved from http://www.investopedia.com/features/industryhandbook/porter.asp#axzz1oThwGEo9.
- This resource discusses Porter’s Five Forces.
Part 4 (Industry Analysis)
Describe an industry analysis and its purpose. Give two examples of the types of questions an industry analysis might answer. In your discussion also include an analysis of the chosen two areas and how they affect the strategic planning process.
Part 5 (SWOT Analysis and Strategic Planning)
Identify and describe the areas of a SWOT analysis and discuss why it is important to consider these areas when developing a strategic plan. Why is it often difficult to develop a realistic analysis?
Part 6 (Strategic Alternative)
Imagine a nonprofit organization trying to raise funds for cancer research. What types of strategic alternatives might such an organization develop?