Project Risk homework Module 10
.HA'TER THREE strategic Management: pranning and Execution for (
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Specific strategies
Strategic execution
Strategic management
Strategic Planning Vision
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4.
What is strategic management?
List the steps in the strategic planning process'
What is a core comPetencY?
Explain why creative thinking is important in strategic plan-
ning and how to encourage it'
What is SWOT analYsis?
Write a sample vision statement for a hypothetical otganlzation'
Write a mission statement for the hypothetical organization in
question 6.
Draft a set of guiding principles for the hypothetical otgar|lza-
tion in question 6.
Establish two or three broad objectives for the hypothetical or-
ganlzation in question 6'
Describe the steps you would apply in executing your strategic
plan develoPed in questions 6 to 9'
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Lmuked Cut cf the Pr Alex Parker is the qualin- di
middle-management PositiLl have announced that thev int
sultant to develoP a PIan tor
about two months' It rvill ta'i
local resort and will invoh'e o
consultant. Parker has several idea-'
he wants to make sure that qu
ing the Planning Process' Un:
dle managers have not been j
out of the Process' What do You think o:
planning? Would You changt
ih. ptocess remains as it is' :r
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10.
1. Robert Kriegel, sPeech P: leaders at Sandestin, FXor