Strategic Planning

Assignments: Each part must be 250 words and clearly labeled

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.

Part 2:

Problems with Strategic Planning

After reading the article “ UPS holiday season fiasco: a failure of strategic planning . ,” 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?

Article:

Banker, S. (2013, December 30).  UPS holiday season fiasco: A failure of strategic planning . Forbes. Retrieved from http://www.forbes.com/sites/stevebanker/2013/12/30/ups-holiday-season-fiasco-a-failure-of-strategic-planning/

Week 1 Text

Required Resources

Text

Read the followings chapters in   (Links to an external site.)Links to an external site. Strategic management for organizations :

· Chapter 1: Strategic Management

· Chapter 2: Leadership, governance, Values and Culture 

Articles

Banker, S. (2013, December 30).  UPS holiday season fiasco: A failure of strategic planning (Links to an external site.)Links to an external site. . Forbes. Retrieved from http://www.forbes.com/sites/stevebanker/2013/12/30/ups-holiday-season-fiasco-a-failure-of-strategic-planning/

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

· This resource provides a deeper understanding of mission statements and how they relate to strategic plans.