BUS 475 week 3 DQs - 14038

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Week three DQ 1

What are strategic objectives? What is the purpose of strategic objectives?
What makes an effective strategic objective? What are examples of strategic
objectives for your organization or one with which you are familiar?

Strategic objectives are statements of vision that are quite broad described as a goal
that represents an inspiring, overarching, and emotionally driven destination. Mission
statements, are more specific and address questions concerning the organization’s
reason for existing and the basis of its intended competitive advantage in the
marketplace. Strategic objectives are used to operationalize the mission statement.
Meaning it helps provide guidance on how the organization can fulfill or move toward
the “high goals” in the goal hierarchy-the mission and vision. As a result, they tend to be
more specific and cover a more well-defined time frame.

Example:

Peking Chinese Restaurant's top line financial goal is to increase annual revenue by
10%. How will the restaurant achieve this financial goal? To provide the best chinese
food in America. In order to be the best, what must they do from the customers’
perspective? Provide great food and customer service. And what does the restaurant
need to do to deliver great customer service? Have efficient processes that deliver
good food and quickly. And how does Peking excel at quick food delivery? By having
well-trained employees.


Solution Description

Week three DQ 1

What are strategic objectives? What is the purpose of strategic objectives?
What makes an effective strategic objective? What are examples of strategic
objectives for your organization or one with which you are familiar?

Strategic objectives are statements of vision

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