BUS 475 Weeks 1-5 DQ's Individual & LT assignments - 11049

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Week 1 DQ #1

 

What is strategic management? What are the roles of mission and vision statements in strategic management? Can an organization have a successful strategic plan without effective mission and vision statements? Why or why not?

 

Week 1 DQ #2

 

Select a small business that you may want to start. What is strategic management and planning? Why would a strategic plan be important to the success of this business? How are the four functions of management relative to creating and implementing a strategic plan?

 

Week 2 DQ #1

 

What is a SWOTT analysis? What is its purpose in strategic planning? Must you conduct a SWOTT analysis to have an effective strategic plan? Why or why not?

 

Week 2 DQ #2

 

What are the primary internal and external organizational considerations for the development of a strategic plan? Which consideration is the most important? Why

 

Week 3 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 you organization or one with which you are familiar?

 

Week 3 DQ #2

 

What are the different types of strategies? What are the differences among these strategies? How do you determine which type of strategy is most appropriate for your organization?

 

Week 4 DQ #1

 

Why is it important to continuously update the implementation and communication of a strategic plan? Who should be responsible for updating and communicating a strategic plan? Why?

 

Week 4 DQ #2

 

Has your organization’s strategic plan been communicated to you? If so, how and by whom? If not, how would such communication improve your organizational effectiveness? Is it important for employees to know the strategic plan of a company? Why or why not?

 

Week 5 DQ #1

 

Why is it necessary to monitor and control strategic plans? Who should be responsible for monitoring and controlling strategic plans? Why? What are the pitfalls of failing to monitor and control strategic plans?

 

 

 

Week 5 DQ #2

 

As an employee of an organization, what role do you play in the strategic planning process? What role do you play in the implementation process? What role do you play in the monitoring and controlling process?

 

Solution Description

 

Week 1 DQ #1

 

What is strategic management? What are the roles of mission and vision statements in strategic management? Can an organization have a successful strategic plan without effective mission and vision statements? Why or why not?

 

Week 1 DQ #2

 

Select a small business that you may want to start. What is strategic management and planning? Why would a strategic plan be important to the success of this business? How a

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