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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2.

3.

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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6.

7.

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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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9.

10.

1. Robert Kriegel, sPeech P: leaders at Sandestin, FXor