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The§ first§ thing§ that§ you§ would§ want§ to§ plan§ out§ when§ you’re§ starting§ a§
business§ is§ your§ vision§ statement.§ The§ vision§ statement§ is§ one§ of§ the§ important§
parts§ of§ a§ strategic§ plan§ because§ it§ provides§ a§ short§ summary§ highlighting§ what§
your§ business§ is§ going§ to§ look§ like§ in§ the§ future.§ After§ the§ vision§ is§
important§ to§ develop§ a§ mission§ statement§ and§ that§ kind§ of§ goes§ along§ with§ the§
vision.§ Next§ you§ would§ plan§ out§ the§ objectives§ to§ work§ towards§ your§ goal.§ A§
very§ important§ part§ after§ that§ is§ your§ strategy§ plan.§ This§ is§ where§ you§ make§
the§ actual§ plan§ on§ how§ you§ will§ achieve§ these§ goals.§ When§ you§ figure§ out§
your§ strategy§ then§ you§ plan§ your§ approach§ and§ tactics.§ Part§ of§ this§ approach§
is§ allocating§ resources§ and§ hiring§ the§ right§ people§ to§ help§ you§ do§ that.§ Hiring§
people§ who§ will§ help§ you§ start§ a§ successful§ business.§ Assign§ your§ team§
responsible§ for§ implementation.§ Make§ sure§ that§ you§ have§ review§ meetings§ and§
talk§ about§ what§ needs§ to§ get§ done§ and§ how§ you§ will§ accomplish§ these§ things.§
Watch§ over§ everything§ and§ make§ sure§ that§ you§ are§ willing§ and§ able§ to§ adjust§
things§ if§ they§ need§ adjusting.§ To§ evaluate§ an§ effectiveness§ of§ a§ strategic§ plan,§
the§ manager§ ensure§ that§ they§ do§ proper§ planning§ in§ terms§ of§ allocating§ the§
right§ resources,§ helps§ Walmart§ to§ avoid§ misusing§ resourcing§ for§ irrelevant§ uses.§
Good§ leadership§ leads§ to§ proper§ execution§ of§ the§ whole§ project§ ensuring§ the§
resources§ are§ well§ spent§ and§ all§ the§ reserves§ are§ accounted§ for.§ Proper§
organizing§ of§ the§ project§ will§ entail§ your§ project§ a§ name,§ setting§ a§ date§ for§
the§ project§ should§ be§ completed,§ ensure§ you§ create§ a§ broad§ project§ category.§
Have§ a§ space§ to§ make§ amendments§ by§ revising§ and§ add§ due§ dates.§ Walmart§
can§ ensure§ control§ by§ the§ formation§ of§ standards,§ measurements§ of§ actual§
performance§ and§ the§ comparison§ of§ actual§ performance§ with§ the§ standard§
performance.§ Staffing§ plan§ provides§ for§ any§ non-labor§ resources,§ tools,§
equipment,§ processes§ required§ by§ the§ project§ team§ to§ undertake§ the§ assigned§
tasks.§ The§ most§ important§ piece§ of§ information§ when§ determining§ effectiveness§
is§ the§ facts§ or§ the§ statistics§ backed§ up§ by§ bibliography§ since§ you§ are§ looking§
for§ these§ facts§ and§ the§ bibliography§ will§ enable§ to§ study§ further§ obtaining§
more§ information.§ Assuming§ that§ the§ strategic§ plan§ was§ well§ thought§ out§ before§
it§ was§ implemented,§ I§ would§ first§ compare§ it§ to§ the§ company's§ values§ and§
mission§ statement.§ I§ believe§ it§ is§ important§ to§ stay§ in§ alignment§ with§ core§
values§ while§ building§ because§ it§ is§ very§ easy§ to§ veer§ off§ of§ the§ path§ if§ you§
don't§ keep§ it§ in§ mind§ while§ making§ major§ strategic§ plans.§ We§ can§ measure§
effectiveness§ by§ performance§ and§ analyse§ the§ results.§ How§ profitable§ are§ we?§
How§ happy§ are§ our§ clients?§ How§ happy§ are§ our§ stakeholders?§ How§ happy§ is§
our§ staff?§ there§ are§ so§ many§ ways§ to§ evaluate§ success§ and§ it§ is§ totally§
dependent§ on§ the§ company.§ I§ think§ the§ most§ important§ piece§ of§ information§ to§
consider§ when§ determining§ effectiveness§ is§ what§ impact§ are§ we§ having§ on§ the§
world§ and§ in§ our§ industry§ and§ if§ it§ aligns§ with§ our§ core§ intentions§ for§ the§
company§ and§ its§ output.§ The§ four§ functions§ of§ management§ are§ planning,§
organizing,§ leading,§ and§ controlling.§ To§ be§ a§ successful§ manager,§ you§ must§ do§
all§ four§ while§ managing§ your§ work§ and§ team.§ These§ are§ the§ foundations§ of§
any§ professional§ managerial§ position.§ On§ top§ of§ this,§ there§ are§ other§ skills§ and§
specialized§ knowledge§ related§ specifically§ to§ the§ job§ you§ manage.§ The§ concept§
of§ how§ management§ should§ interact§ with§ personnel§ was§ first§ codified§ by§ Henri§
Fayol,§ a§ French§ mining§ engineer.§ He§ developed§ a§ general§ theory§ of§ business§
administration§ and§ management§ functions,§ which§ developed§ into§ the§ four§
functions§ of§ management.§ Without§ these§ four§ pillars§ of§ management§ supporting§
those§ other§ responsibilities,§ nothing§ is§ going§ to§ get§ done§ on§ time§ and§ within§
the§ budget.§ If§ you’re§ managing§ yourself§ or§ teams§ of§ workers,§ you§ need§ to§
understand§ these§ fundamentals§ of§ management,§ which§ are§ the§ basis§ of§
management§ skills.§ Of§ course,§ the§ four§ functions§ of§ management§ are§ theoretical.§
When§ you’re§ ready§ to§ put§ them§ into§ practice,§ you’ll§ need§ hybrid§ work§
management§ tools§ that§ let§ you§ connect§ with§ your§ co-workers§ and§ teams§
wherever§ they§ might§ be§ working.§ It’s§ part§ of§ the§ core§ responsibilities§ of§ a§
manager,§ no§ matter§ what§ your§ organizational§ structure§ is.
1. 1.Tie§ to§ strategic§ objectives.§ Some§ metrics§ will§ be§ financial,§ such§ as§
profit,§ revenue§ and§ cash§ flow.§ ...
2. Keep§ it§ simple.§ Don't§ overload§ staff§ with§ too§ many§ KPIs§ to§ track.§ ...
3. Maintain§ up-to-date§ data.§ Be§ sure§ your§ measures§ include§ the§ latest§ data§
and§ are§ reported§ promptly§ within§ your§ company.§ ...
4. Use§ dashboards.
A§ strategy§ is§ effective§ if§ it§ uses§ the§ resources,§ you§ allocate§ according§ to§ your§
plan§ and§ delivers§ the§ expected§ results.§ You§ have§ to§ continually§ evaluate§ use§ of§
resources§ and§ performance§ to§ check§ if§ your§ strategy§ is§ hitting§ your§ targets.§ I§
will§ evaluate§ the§ effectiveness§ of§ my§ strategic§ plan§ by§ first§ setting§ goals.§ For§
example,§ if§ I§ want§ to§ increase§ my§ restaurant’s§ revenue§ by§ 10%§ in§ 6§ months.§
I§ will§ determine§ how§ I§ plan§ to§ achieve§ that§ goal§ and§ what§ changes§ I§ need§ to§
make.§ After§ six§ months,§ I§ will§ measure§ the§ restaurant’s§ performance§ by§
gathering§ all§ the§ information.§ Then§ I§ will§ analyse§ the§ results§ to§ decide§ whether§
the§ strategic§ plan§ has§ more§ advantages§ than§ disadvantages.§ Finally,§ I§ can§ adjust§
the§ strategic§ plan§ to§ achieve§ better§ results§ and§ help§ increase§ the§ effectiveness§
of§ my§ strategy.§
The§ most§ critical§ information§ to§ determine§ effectiveness§ is§ the§ method§ used§ to§
measure§ performance.§ The§ results§ from§ the§ six§ months§ can§ be§ compared§ to§
past§ data§ and§ help§ make§ informed§ future§ decisions.§ It§ can§ also§ determine§ what§
strategies§ have§ worked§ and§ which§ ones§ need§ to§ be§ adjusted§ or§ eliminated.§ I§
think§ measuring§ business§ performance§ to§ compare§ and§ make§ decisions§ is§ very§
important§ because§ technology§ constantly§ evolves.§ Strategic§ planning§ expands§ a§
company's§ vision§ and§ mission§ that§ acts§ on§ meeting§ goals§ and§ achieving§ success.§
It§ has§ a§ significant§ contribution§ and§ maps§ out§ a§ company’s§ vision§ to§ grow§ an§
organization's§ potential§ toward§ maximizing§ innovation§ and§ overall§ execution.§ A§
company§ can§ be§ impacted§ (cause§ and§ effect)§ greatly§ in§ the§ event§ that§ a§
company§ plans§ strategically§ since§ it§ helps§ identify§ areas§ of§ improvement§ and§
growth.§ Organizations§ face§ many§ changes§ when§ setting§ new§ priorities§ that§
involve§ strategic§ planning.§ It’s§ important§ to§ assess§ areas§ within§ the§ plan§ to§
understand§ current§ external§ and§ internal§ environments§ that§ evaluate§ performance,§
culture,§ and§ data§ performance.§ It’s§ important§ that§ a§ company§ understands§ the§
relationship§ within§ each§ group§ and§ set§ new§ priorities§ that§ demand§ changes§ the§
organization§ needs§ to§ address.§ To§ make§ corrective§ actions§ an§ organization§
should§ investigate§ any§ pitfalls§ and§ immediately§ compensate§ for§ errors§ by§
revising§ and§ updating§ goals.§ If§ a§ company§ develops§ a§ new§ product§ or§ expands§
its§ operations§ a§ well-designed§ strategic§ plan§ can§ help§ the§ business§ grow§ and§
respond§ to§ opportunities§ at§ large.§ Overall,§ planning§ in§ an§ ever-changing§ industry§
or§ world§ and§ with§ advancing,§ technologies§ businesses§ face§ challenges§ that§
require§ strategic§ planning§ and§ coordination.§ It§ is§ important§ that§ once§ you§ create§
a§ strategic§ plan,§ to§ evaluate§ the§ progress§ and§ effectiveness§ .I§ would§ evaluate§
my§ strategic§ plan§ by§ choosing§ the§ metrics§ I§ evaluate§ carefully§ and§ then§ create§
milestones§ for§ each§ component.§ The§ action§ plan§ developed§ to§ support§ your§
business§ strategy§ should§ list§ the§ metrics§ you§ will§ track§ and§ then§ divided§ into§
milestones§ with§ a§ projected§ timeframe§ to§ complete§ the§ task.§ Milestones§ can§ be§
such§ tasks§ as§ the§ launch§ of§ a§ website,§ purchasing§ a§ piece§ of§ equipment§ or§ a§
vehicle,§ hiring§ key§ staff§ or§ obtaining§ a§ business§ loan.§ Your§ metrics§ should§ be§
clearly§ tied§ to§ your§ strategic§ objectives§ and§ move§ your§ employees§ toward§ the§
actions§ you§ want.§ The§ metrics§ you§ choose§ should§ not§ be§ to§ many§ that§ could§
complicate§ tracking§ as§ well§ as§ your§ team§ should§ be§ trained§ on§ how§ to§ track§
the§ metrics.§ Without§ training,§ the§ data§ may§ not§ be§ updated§ or§ monitored§
correctly,§ which§ could§ in§ turn§ jeopardize§ the§ implementation§ of§ your§ strategic§
plan.§ Maintaining§ up§ to§ date§ data§ is§ also§ important§ to§ ensure§ the§ most§
accuracy§ evaluation§ results§ as§ possible§ and§ increase§ the§ chances§ of§ effectiveness§
in§ your§ company’s§ strategic§ plan.§ To§ measure§ the§ effectiveness§ and§ efficiency§
in§ an§ organization§ strategy,§ you§ have§ to§ examine§ how§ it§ links§ your§ objectives§
to§ the§ way§ you§ plan§ to§ achieve§ them§ and§ the§ means§ you§ plan§ to§ use.§ A§
strategy§ is§ effective§ if§ it§ uses§ the§ resources,§ you§ allocate§ according§ to§ your§
plan§ and§ delivers§ the§ expected§ results.§ You§ have§ to§ continually§ evaluate§ use§ of§
resources§ and§ performance§ to§ check§ if§ your§ strategy§ is§ hitting§ your§ targets.§ To§
monitor§ the§ effectiveness§ of§ your§ strategy,§ you§ have§ to§ establish§ base§ values§
from§ before§ strategy§ implementation§ and§ track§ your§ progress.§ TSI§ Consulting§
discusses§ the§ importance§ of§ evaluating§ your§ progress§ and§ pivoting,§ when§
necessary.§ For§ your§ measurements§ to§ be§ useful§ in§ a§ continuous§ evaluation§ of§
strategy§ effectiveness,§ the§ targets§ have§ to§ be§ achievable§ and§ relevant§ to§ the§
strategy,§ and§ the§ results§ must§ be§ available§ in§ a§ timely§ fashion,§ so§ your§
evaluation§ is§ current.§ For§ example,§ you§ can§ implement§ a§ strategy§ to§ increase§
sales§ by§ 1,000§ units§ over§ three§ months§ from§ a§ present§ level§ of§ 8,000§ units.§
The§ sales§ values§ are§ specific§ and§ relevant,§ and§ you§ can§ measure§ them§ rapidly§
to§ get§ up-to-date§ results.§ I§ will§ evaluate§ it§ based§ on§ the§ employees,§ if§ a§
strategic§ plan§ is§ executed§ well§ it§ will§ show§ with§ the§ employees.§ Employees§
only§ know§ what§ they§ are§ taught§ or§ shown,§ depending§ on§ how§ a§ company§ is§
being§ ran.§ My§ old§ job§ my§ supervisor§ would§ always§ tell§ us§ your§ performance§
when§ I§ leave§ for§ vacation§ or§ not§ in§ the§ office§ will§ tell§ people§ just§ how§ I§
am§ as§ a§ supervisor.§ So§ if§ we§ want§ to§ see§ just§ how§ well§ a§ strategic§ plan§ is§
going§ talk§ to§ the§ employees§ and§ watch§ how§ they§ respond§ to§ management§ is§
there§ any§ respect§ there.§ They§ will§ let§ you§ know,§ their§ body§ language§ and§ how§
they§ respond§ to§ management.§ To§ me§ the§ important§ piece§ when§ determining§ the§
effectiveness§ is§ looking§ at§ the§ mission§ statement.§ I§ would§ look§ at§ this§ to§
determine§ the§ company§ growth.§ The§ mission§ statement§ will§ allow§ you§ to§ see§
the§ plan§ they§ have§ and§ have§ they§ done§ at§ least§ two§ or§ three§ things§ in§ the§
mission§ statement.§ The§ employees§ are§ very§ important§ to§ this,§ because§ without§
the§ employees§ you§ are§ not§ able§ to§ perform§ the§ mission§ statement§ and§ if§ the§
mission§ statement§ is§ truly§ being§ executed§ it§ will§ reflect§ in§ the§ employees,§
growth§ of§ the§ company§ and§ numbers.§ The§ effectiveness§ of§ a§ strategic§ plan§ is§
based§ on§ how§ well§ the§ plan§ is§ prepared§ and§ executed.§ The§ overview§ of§ the§
strategic§ plan§ should§ have§ important§ bullet§ points§ that§ are§ critical§ to§ how§ a§
company§ should§ prepare.§ Where§ is§ the§ company,§ at§ present§ time§ is§ a§ leading§
factor.§ Having§ a§ realistic§ mind§ frame§ about§ where§ the§ company§ stands§ should§
be§ understood.§ This§ will§ lead§ the§ company§ into§ a§ new§ question§ of§ where§ the§
company§ would§ like§ to§ go.§ How§ will§ this§ company§ move§ forward§ with§ what§
talent,§ product,§ ideals§ and§ culture§ it§ has.§ As§ ambitious§ as§ a§ company§ can§ be§
there§ are§ risk§ and§ threats§ that§ need§ to§ be§ addressed.§ Figuring§ out§ what§ those§
threats§ are§ should§ be§ part§ if§ the§ plan.§ What§ will§ get§ in§ the§ way§ of§ the§
company's§ success§ is§ noteworthy.§ Being§ specific§ about§ what§ need§ to§ be§ done§
to§ achieve§ the§ overall§ goal§ needs§ to§ be§ included§ in§ the§ strategic§ plan.§ This§ all§
has§ to§ be§ in§ alignment§ within§ the§ organization.§ Alignment§ with§ the§ leadership§
or§ leadership§ team§ must§ exist.§ Alignment§ with§ the§ mission§ and§ vision§ must§ be§
solid.§ Alignment§ with§ the§ organization§ in§ totality.§ Employees,§ management,§
culture§ all§ must§ be§ intact.§ External§ analysis§ or§ input§ should§ be§ first§ to§ be§
questioned.§ SWOT§ is§ a§ proper§ tool§ to§ figure§ this§ out.§ You§ must§ have§ an§ idea§
of§ what§ is§ happening§ inside§ the§ organization.§ Follow-up§ with§ an§ internal§
analysis.§ Gauge§ where§ the§ stakeholders§ are,§ or§ where§ management§ input§ can§
come§ in§ handy.§ Survey§ the§ room.§ See§ if§ the§ vision§ is§ the§ same§ as§ where§ the§
company§ wants§ to§ be.§ Mission§ and§ goals§ are§ parallel.§ The§ tactics§ need§ to§ see§
the§ strategy§ through.§ Planning§ leading,§ organizing,§ and§ controlling§ will§ follow.§
Planning§ helps§ the§ organization§ by§ choosing§ the§ most§ accurate§ goals§ and§
courses§ of§ action§ is§ best§ in§ planning.§ It§ provides§ a§ blueprint§ of§ how§ to§
achieve§ the§ goals.§ Organizing§ is§ simply§ the§ assignment§ of§ task§ and§ authority§
relations§ that§ allow§ the§ organization§ employees§ to§ work§ together§ to§ achieve§ the§
goals.§ Leading§ will§ allow§ managers§ or§ leaders§ to§ motivate§ and§ coordinate.§ They§
will§ inspire§ and§ individuals§ or§ teams§ to§ work§ together§ and§ push§ toward§ the§
goals.§ Lastly§ is§ the§ controlling§ stage.§ It§ is§ a§ measuring§ tool§ and§ monitoring§
system§ to§ ensure§ the§ accuracy§ of§ how§ well§ the§ organization§ is§ doing§ be§
achieving§ its§ goals.§ This§ is§ overall§ highly§ critical§ to§ the§ success§ and§ wellness§
of§ the§ organization,§ however,§ the§ most§ important§ is§ the§ planning.§ Planning§ is§
the§ first§ step§ to§ building§ toward§ success§ and§ without§ it§ the§ leading,§ organizing§
and§ control§ will§ not§ exist.§ When§ evaluating§ the§ effectiveness§ of§ a§ strategic§
plan,§ you§ must§ first§ understand§ the§ definition§ of§ strategic§ pan;§ the§ strategic§
plan§ is§ a§ way§ to§ provide§ the§ organization§ with§ a§ way§ to§ define§ the§ purpose,§
vision§ and§ future§ of§ said§ organization.§ To§ evaluate§ the§ effectiveness§ of§ said§
plan§ you§ must§ record§ the§ progress§ of§ your§ company§ by§ determining§ the§ future§
of§ the§ company§ and§ how§ the§ company§ is§ heading§ now.§ You§ have§ to§ be§ able§
to§ assess§ the§ situation§ of§ the§ organization§ to§ see§ if§ the§ objective§ has§ been§
met§ or§ if§ the§ plans§ that§ you§ set§ up§ have§ failed§ and§ why§ it§ has.§ It§ cases§
such§ as§ these§ the§ organization§ has§ to§ rely§ on§ what§ we§ learn§ previously§ the§
component§ of§ strategic§ planning:§ SWOT§ analysis,§ vision,§ mission,§ core§ value,§
goals§ and§ objectives.§ These§ components§ are§ most§ valuable§ to§ effectiveness§ of§
said§ strategic§ planning.The§ most§ important§ piece§ of§ information§ to§ consider§
when§ determining§ effectiveness§ are§ the§ components§ that§ I§ mentioned§ because§
they§ help§ manage§ the§ work§ environment§ between§ the§ employee§ and§ the§
employer§ while§ keeping§ the§ vision§ of§ the§ organization§ as§ the§ main§ goal.§
Because§ strategic§ planning§ forces§ companies§ to§ adopt§ a§ long-term§ view,§ it§ helps§
them§ better§ prepare§ for§ the§ future,§ setting§ them§ up§ to§ initiate§ influence§ instead§
of§ just§ responding§ to§ situations.§ It§ also§ strengthens§ communication§ between§
employers§ and§ employees.§ In§ strategic§ planning,§ leaders§ gather§ data§ and§ decide§
on§ the§ path§ the§ organization§ will§ take§ to§ achieve§ its§ goals.§ With§ strategic§
thinking,§ employees§ at§ all§ levels§ and§ in§ all§ functions§ continually§ scan§ for§ new§
ways§ to§ contribute§ to§ the§ organization’s§ success.Strategic§ planning§ makes§
organizational§ goals§ and§ objectives§ real,§ and§ employees§ can§ more§ readily§
understand§ the§ relationship§ between§ their§ performance,§ the§ company’s§ success,§
and§ compensation.§ As§ a§ result,§ both§ employees§ and§ managers§ tend§ to§ become§
more§ innovative§ and§ creative,§ which§ fosters§ further§ growth§ of§ the§ company.The§
purpose§ of§ strategic§ control§ is§ to§ steer§ a§ business§ toward§ its§ long-term§ goal§ by§
controlling§ its§ strategic§ direction.§ The§ strategic§ control§ definition§ states§ that§ the§
process§ tracks§ a§ strategy§ during§ its§ implementation§ period§ and§ detects§ changes§
or§ problems§ that§ may§ affect§ the§ outcome.§ It§ then§ makes§ adjustments§ to§ avoid§
such§ problems.§ When§ evaluating§ the§ effectiveness§ of§ a§ strategic§ plan,§ you§ need§
to§ look§ at§ all§ of§ the§ different§ levels.§ Starting§ with§ making§ sure§ that§ your§
strategic§ plan§ is§ in-line§ with§ your§ visions§ and§ goals.§ These§ may§ have§ changed§
over§ time,§ so§ make§ sure§ that§ it§ is§ the§ current§ vision§ and§ goals§ that§ you§ are§
working§ with§ and§ not§ back§ tracking.§ The§ next§ thing§ that§ you§ want§ to§ evaluate§
is§ SWOT§ and§ the§ balance§ scorecard.§ Making§ sure§ that§ you§ do§ not§ ignore§
SWOT§ and§ find§ your§ company§ failing§ to§ fix§ the§ weaknesses§ and§ threats§ as§
well§ as§ capitalizing§ on§ the§ strengths§ and§ opportunities.§ Make§ sure§ you§ have§ a§
strong§ team§ working§ with§ you§ on§ your§ plan.§ Listen§ to§ their§ input§ and§ take§
into§ consideration§ that§ what§ they§ bring§ to§ the§ table§ could§ make§ something§
even§ better.§ Let§ them§ play§ devils§ advocate,§ as§ this§ can§ help§ work§ out§ any§
kinks§ in§ the§ plan.§ Pay§ attention§ to§ the§ actual§ structure§ of§ your§ company§ and§
if§ the§ plan§ that§ you§ are§ working§ on§ fits§ or§ will§ you§ need§ to§ do§ some§
restructuring§ of§ the§ company.§ Evaluating§ an§ effectiveness§ to§ a§ strategic§ plan§
would§ not§ overwhelm§ your§ business§ or§ employees§ it§ is§ intended§ to§ drive§
results.§ For§ example,§ place§ measurements§ on§ three§ areas§ of§ the§ organization§
objectives.§ Looking§ into§ the§ internal§ and§ external§ objectives§ with§ the§ plan§ on§
how§ you§ can§ achieve§ them§ within§ the§ plan.§ § It§ will§ only§ effective§ if§ the§
resources§ are§ used§ on§ the§ metric§ objectives§ that§ are§ tied§ to§ the§ plan.§ Ask§ in§
planning§ scenario§ for§ the§ long-range§ planning§ what§ should§ be§ stopped,§ what§ is§
not§ working?§ § An§ evaluation§ of§ the§ strategy§ plan§ needs§ to§ happen§ yearly§ in§
my§ opinion§ to§ explore§ the§ planning,§ leading,§ and§ controlling§ within§ the§
organization§ or§ department.§ § § The§ last§ process§ is§ determining§ what§ is§ working§
and§ how§ can§ it§ be§ improved§ or§ updated§ to§ current§ business§ trend.The§
important§ piece§ of§ information§ to§ consider§ the§ effectiveness§ of§ strategy§ is§ the§
employee§ input.§ Coming§ up§ with§ the§ three-step§ process§ strategy§ plan§ looking§ at§
employee§ onboarding/continue§ training.§ My§ management§ asked§ the§ three§ questions§
§ Is§ there§ something§ we§ should§ be§ doing,§ what§ should§ be§ stopped§ or§ is§ not§
working,§ and§ what§ is§ working§ and§ needs§ to§ continue.§ Our§ organization§ is§
always§ trending§ to§ the§ next§ generation§ of§ technology§ which§ means§ processes§
are§ constantly§ evolving.§ Listening§ to§ net§ promoting§ process§ with§ employees§ was§
showing§ metrics§ that§ were§ failing§ in§ employee§ satisfaction§ and§ security.§
Stepping§ back§ to§ monitor§ and§ evaluate§ developed§ a§ strategic§ plan§ on§ what§
needs§ to§ happen.§ Remember§ is§ the§ employees§ are§ not§ considered§ important§
input§ then§ business§ will§ struggle§ in§ many§ areas.§ The§ effectiveness§ in§ planning§
session§ broke§ down§ important§ components§ that§ will§ be§ targeted§ this§ calendar§
year.§ Well§ to§ evaluate§ the§ effectiveness§ of§ a§ strategic§ plan§ you§ have§ to§
examine§ hot§ it§ links§ your§ objectives§ to§ the§ way§ you§ plan§ to§ achieve§ them§
and§ the§ means§ you§ plan§ to§ use.§ the§ strategies§ are§ effective§ if§ it§ uses§ the§
resources,§ you§ allocate§ according§ to§ your§ plan§ and§ delivers§ to§ expected§ results.§
I§ think§ you§ need§ to§ take§ a§ look§ at§ all§ the§ aspects§ of§ a§ strategic§ plan,§
planning,§ leading,§ organizing§ and§ controlling.§ Some§ will§ be§ more§ important§ than§
others§ or§ useful§ then§ others.§ I§ think§ you§ need§ to§ look§ at§ what§ the§ goal§ is§
for§ the§ future§ for§ the§ company§ and§ go§ from§ there§ what§ you§ want§ to§ do.§ I§
know§ with§ my§ company§ my§ goal§ is§ to§ grow§ my§ company§ bigger,§ have§ some§
loyal§ customers,§ which§ I§ do§ already§ have§ a§ few§ and§ they§ have§ been§ spreading§
the§ word§ to§ friends§ and§ family.§ and§ to§ be§ able§ to§ hire§ some§ employees§
eventually,§ so§ it's§ not§ just§ me§ working§ and§ I§ have§ some§ people§ that§ I§ can§
rely§ on§ and§ that§ will§ help§ with§ making§ my§ company§ better.§ To§ evaluate§ the§
effectiveness§ of§ a§ strategic§ plan§ there§ must§ be§ a§ time§ set§ aside§ to§ do§ a§
feedback§ session§ to§ discuss§ what§ is§ working,§ what§ is§ not§ working,§ what§
improvements§ need§ to§ be§ done,§ if§ the§ plan§ is§ still§ aligned§ with§ the§
organization’s§ objective.§ If§ the§ results§ expected§ are§ not§ being§ delivered,§ this§
could§ be§ a§ result§ that§ the§ plan§ is§ not§ working§ and§ needs§ to§ be§ modified.§ If§
the§ plan§ was§ not§ attainable§ or§ measurable,§ it§ will§ most§ likely§ not§ reach§ the§
expected§ result.§ Strategic§ plans§ are§ just§ what§ they§ are,§ they§ are§ plans.§ Plans§
can§ be§ changed§ or§ tweaked§ at§ any§ time.§ Once§ it§ realized§ that§ it§ is§ not§
effective,§ changes§ should§ be§ made§ to§ ensure§ avoid§ costly§ mistakes.§ Your§ vision§
provides§ support§ for§ a§ strategic§ plan§ and§ typically§ outlined§ an§ organization's§
overall§ goals§ and§ states§ the§ purpose§ of§ the§ company§ to§ exist.§ For§ these§
reasons§ is§ why§ i§ feel§ the§ vision§ and§ mission§ are§ important§ information§ to§
consider.§ The§ management§ process§ designs§ and§ manages§ an§ atmosphere§ in§
which§ workers,§ working§ together§ in§ groups,§ achieve§ selected§ goals§ effectively.§
When§ looking§ at§ the§ strategic§ planning§ efforts§ consisting§ of§ planning,§ leading,§
organizing,§ and§ controlling§ some§ tend§ to§ think§ the§ effectiveness§ of§ the§ strategic§
plan§ are§ based§ on§ the§ final§ results§ of§ the§ given§ focus.§ I§ think§ the§ way§ I§
would§ look§ at§ evaluating§ the§ process§ would§ go§ a§ little§ deeper§ beyond§ the§ final§
outcome,§ I§ would§ try§ to§ look§ at§ each§ step§ of§ the§ strategic§ plan§ and§
understand§ the§ value§ and§ guidance§ each§ section§ had§ given§ to§ the§ final§
outcome.§ I§ believe§ this§ is§ the§ only§ way§ to§ ensure§ the§ effectiveness§ of§ the§
strategic§ plan§ was§ developed§ correctly.§ Taking§ this§ information§ into§ account§ for§
the§ next§ strategic§ plan§ could§ benefit§ an§ organization§ by§ reducing§ some§ of§ the§
issues§ that§ arose§ on§ the§ way§ to§ completing§ the§ goals§ outlined§ and§ generate§ an§
even§ better§ outcome§ for§ future§ endeavors.§ I§ don’t§ believe§ that§ there§ is§ a§ single§
piece§ that§ is§ greater§ than§ the§ other§ when§ it§ comes§ to§ strategic§ planning,§ I§
believe§ that§ each§ section§ has§ a§ vital§ part§ in§ obtaining§ the§ goals§ of§ the§
organization.§ To§ look§ at§ an§ individual§ section§ within§ the§ plan§ and§ say§ this§ is§
the§ reason§ why§ this§ plan§ was§ effective§ misses§ the§ guiding§ principles§ from§
other§ sections§ of§ the§ plan§ that§ might§ have§ helped§ the§ other§ sections§ be§
successful.§ This§ is§ why§ I§ believe§ that§ in§ order§ to§ have§ a§ successful§ strategic§
plan§ in§ place§ the§ organization§ needs§ to§ value§ each§ section§ to§ ensure§ the§ goals§
are§ met.§ Evaluating§ the§ effectiveness§ of§ a§ strategic§ plan§ determines§ is§ the§ plan§
was§ measurable§ and§ what§ the§ expected§ results§ would§ be.§ Strategic§ planning§ is§
the§ method§ of§ recording§ and§ directing§ your§ small§ company§ by§ determining§
where§ you§ are§ as§ well§ as§ where§ you§ are§ going.§ The§ strategic§ plan§ provides§
you§ with§ a§ place§ to§ document§ your§ purpose,§ vision,§ and§ principles,§ as§ well§ as§
your§ long-term§ objectives§ and§ the§ action§ plans§ that§ you§ will§ use§ to§ achieve§
them.§ A§ well-written§ strategic§ plan§ will§ play§ a§ vital§ role§ in§ the§ development§
and§ progress§ of§ your§ small§ company.§ When§ your§ plan§ is§ fully§ implemented,§
you§ will§ measure§ its§ overall§ success§ by§ asking§ to§ what§ degree§ it§ has§
accomplished§ the§ objectives§ you§ have§ set§ with§ the§ funds§ you§ have§ allocated.§
You§ have§ to§ assess§ where§ your§ action§ plan§ has§ failed§ if§ your§ project§ has§ not§
met§ its§ targets§ or§ used§ up§ extra§ resources.§ Without§ these§ four§ management§
functions/aspects,§ you§ can§ not§ assess§ effectiveness:§ planning,§ leading,§ organizing,§
and§ controlling.§ They§ are§ inter-related§ and§ cannot§ be§ skipped.§ The§ management§
process§ designs§ and§ manages§ an§ atmosphere§ in§ which§ workers,§ working§ together§
in§ groups,§ achieve§ selected§ goals§ effectively.§ The§ three§ major§ strategy§ types§
include§ Cost§ Differentiation§ (or§ low§ cost§ leadership),§ differentiation§ (from§ a§
product§ or§ service§ perspective),§ and§ finally§ focus§ (or§ niche).§ A§ couple§ of§
examples§ that§ I§ can§ think§ about§ includes§ Walmart,§ which§ implemented§ a§ low§
cost§ differentiation§ strategy§ and§ Hot§ Topic,§ which§ uses§ a§ niche§ strategy§ type.§
Many§ organizations§ use§ hybrid§ strategies,§ which§ uses§ characteristics§ from§ the§
three§ major§ strategy§ types.§ This§ is§ sometimes§ referred§ to§ as§ a§ best§ value§
strategy.§ pp§
It§ is§ important§ for§ a§ company§ to§ properly§ recognize§ how§ they§ want§ to§ operate§
and§ take§ the§ steps§ to§ implement§ the§ right§ strategy§ type.§ An§ organization§ that§
targets§ a§ specific§ market§ population§ should§ make§ sure§ that§ their§ products§ or§
services§ are§ tailored§ to§ meet§ the§ demands§ of§ that§ group.§ If§ an§ organization§
selects§ a§ low§ price§ strategy,§ then§ it§ has§ to§ make§ sure§ their§ business§ model§
allows§ selling§ products§ or§ services§ at§ a§ discounted§ price.§ To§ evaluate§ the§
effectiveness§ of§ a§ strategic§ plan§ you§ could§ examine§ how§ it§ connects§ your§
objectives§ to§ the§ way§ you§ plan§ to§ achieve§ them§ and§ the§ means§ you§ plan§ to§
use.§ You§ could§ check§ up§ on§ the§ progress§ of§ your§ strategy§ on§ a§ regular§ and§
scheduled§ basis§ to§ see§ if§ your§ plan§ is§ still§ on§ track.§ I§ believe§ that§ performing§
a§ situation§ analysis,§ self-evaluation,§ and§ internal/external§ competitor§ analysis§ could§
also§ evaluate§ the§ effectiveness§ of§ a§ strategic§ plan.§ The§ most§ important§ piece§ of§
information§ to§ consider§ when§ determining§ effectiveness§ is§ whether§ or§ not§ you§
know§ your§ mission§ and§ vision.§ Your§ mission§ aligns§ your§ people§ and§ your§
organization,§ it§ is§ the§ thing§ that§ will§ help§ you§ accomplish§ your§ vision.§ It§ helps§
you§ focus§ your§ team§ on§ what§ you§ need§ to§ work§ on§ the§ be§ better§ and§
successful§ as§ well§ as§ what§ you§ don't§ need§ to§ waste§ time§ working§ on.§ Your§
vision§ provides§ support§ for§ a§ strategic§ plan§ and§ typically§ outlined§ an§
organization's§ overall§ goals§ and§ states§ the§ purpose§ of§ the§ company§ to§ exist.§ For§
these§ reasons§ is§ why§ i§ feel§ the§ vision§ and§ mission§ are§ important§ information§
to§ consider.§ When§ evaluating§ the§ effectives§ of§ a§ strategic§ plan,§ you§ must§
determine§ if§ the§ strategic§ plan§ was§ measurable.§ Once§ that§ has§ been§ determined,§
then§ it§ must§ be§ decided§ what§ were§ the§ expected§ results.§ To§ evaluate§ the§
effectiveness§ of§ a§ strategic§ plan§ there§ must§ be§ a§ time§ set§ aside§ to§ do§ a§
feedback§ session§ to§ discuss§ what§ is§ working,§ what§ is§ not§ working,§ what§
improvements§ need§ to§ be§ done,§ if§ the§ plan§ is§ still§ aligned§ with§ the§
organization’s§ objective.§ If§ the§ results§ expected§ are§ not§ being§ delivered,§ this§
could§ be§ a§ result§ that§ the§ plan§ is§ not§ working§ and§ needs§ to§ be§ modified.§ If§
the§ plan§ was§ not§ attainable§ or§ measurable,§ it§ will§ most§ likely§ not§ reach§ the§
expected§ result.§ Strategic§ plans§ are§ just§ what§ they§ are,§ they§ are§ plans.§ Plans§
can§ be§ changed§ or§ tweaked§ at§ any§ time.§ Once§ it§ realized§ that§ it§ is§ not§
effective,§ changes§ should§ be§ made§ to§ ensure§ avoid§ costly§ mistakes.§ My§ current§
employer§ requires§ performance§ reviews.§ During§ those§ performance§ reviews§ each§
employee§ provides§ goals§ and§ those§ goals§ are§ encouraged§ to§ align§ with§ the§
organization’s§ values.§ During§ the§ conversations§ with§ management,§ they§ would§
say§ make§ sure§ the§ goals§ were§ attainable§ and§ measurable.§ In§ my§ opinion,§ the§
most§ important§ piece§ of§ information§ to§ consider§ when§ determine§ effectiveness,§
is§ the§ results.§ If§ the§ results§ are§ not§ being§ monitored,§ that§ means§ the§
performance§ is§ not§ being§ evaluated.§ This§ could§ result§ in§ resources§ not§ being§
used§ in§ the§ most§ effective§ way.§ On§ the§ flip§ side§ that§ may§ be§ more§ resources§
that§ need§ to§ be§ allocated§ in§ order§ to§ achieve§ the§ results.§ Not§ monitoring§ the§
results§ could§ also§ lead§ to§ costly§ mistakes§ that§ could§ impact§ the§ organization§ in§
a§ negative§ way.§ When§ thinking§ about§ the§ aspects§ of§ planning,§ leading,§
organizing,§ and§ controlling§ through§ the§ strategic§ planning§ process§ there§ are§
many§ things§ that§ can§ be§ done§ to§ measure§ success§ and§ evaluate§ the§
effectiveness§ of§ the§ strategic§ plan§ for§ a§ company.§ I§ really§ enjoyed§ the§ readings§
this§ week§ and§ specifically§ the§ callout§ to§ the§ "strategy§ graveyard"§ which§ is§
strategic§ implementation.§ A§ company§ can§ have§ all§ the§ strategy§ plans§ in§ the§
world§ but§ if§ structure§ falls§ before§ strategy§ and§ if§ there§ is§ no§ alignment§ in§ the§
organization§ on§ the§ strategic§ priorities§ then§ implementation§ and§ effectiveness§ will§
lose§ every§ time.§ When§ the§ leadership§ team§ is§ reviewing§ and§ conducting§ the§
SWOT§ analysis§ and§ defining§ the§ key§ measures§ of§ success§ on§ their§ balanced§
scorecard,§ it§ is§ imperative§ that§ the§ objectives§ of§ the§ strategic§ plan§ are§ clearly§
defined§ and§ are§ written§ in§ the§ way§ that§ it§ is§ clear§ what§ will§ be§ true§ if§ the§
objective§ and§ goals§ are§ met.§ From§ there,§ the§ leadership§ team§ needs§ to§ have§
transparent§ and§ clear§ communication§ consistently§ across§ the§ board§ so§ that§ the§
business§ is§ in§ alignment§ on§ the§ priorities§ of§ the§ strategic§ plan§ and§ understand§
how§ each§ and§ all§ can§ make§ an§ impact§ on§ its§ success.§ Finally,§ the§ most§
important§ piece§ of§ information§ to§ consider§ how§ to§ evaluate§ effectives§ will§ be§
that§ the§ inputs§ and§ outputs§ are§ in§ alignment§ with§ the§ business§ values,§ as§ well§
as§ the§ appropriate§ awards§ system§ is§ in§ place§ to§ invent§ ethical§ behaviours§ to§
help§ the§ organization§ win§ in§ the§ right§ way.§ Strategic§ planning§ involves§
analyzing§ the§ organization's§ positive§ opportunities,§ threats,§ strengths,§ and§
weaknesses.§ Also,§ strategic§ planning§ determines§ how§ to§ position§ the§ organization§
to§ compete§ effectively.§ § Strategic§ planners§ provide§ detailed§ analyses§ of§ a§
company’s§ internal§ and§ external§ and§ apply§ them§ to§ quantifiable§ areas§ like§
prices,§ costs,§ margins,§ market§ demand,§ production§ runs,§ and§ head§ counts.§ The§
executives§ allocate§ the§ growth§ annually§ and§ based§ on§ the§ analysis,§ the§ company§
adjusts§ the§ vision,§ goals,§ mission,§ and§ values.§ The§ executive§ team§ will§
implement§ the§ new§ strategies§ in§ their§ company§ planning.§ § The§ most§ important§
part§ of§ strategic§ planning§ is§ planning§ and§ goals.§ § I§ was§ a§ Market§ Operations§
Manager§ at§ my§ previous§ employer,§ and§ our§ duties§ were§ to§ plan§ our§ projects§
and§ ensure§ our§ goals§ were§ effective.§ § More§ than§ often§ some§ of§ our§ Market§
Leads'§ goals§ were§ not§ specific,§ and§ the§ data§ used§ was§ not§ well§ thought§ out.§ pp§
To§ be§ more§ effective§ when§ aligning§ your§ company§ objective§ and§ goals§
implement§ a§ system§ that§ manages§ your§ progress.§ As§ a§ leader,§ I§ always§ kept§ a§
spreadsheet§ for§ my§ recording§ to§ make§ sure§ my§ goals§ were§ on§ their§ stated§
task.§ § I§ watch§ my§ timeline§ carefully§ and§ automated§ my§ projects.§ If§ all§ the§
ideas§ and§ concepts§ are§ created§ in§ a§ closed§ room§ and§ they§ aren't§ open§ shared§
in§ a§ consistent§ way,§ then§ it§ leaves§ the§ vast§ majority§ of§ the§ organization§ in§
the§ dark.§ This,§ in§ turn,§ creates§ misalignment§ because§ the§ understanding§ of§ the§
why,§ how,§ and§ what§ isn't§ clear§ and§ all§ just§ continue§ on§ in§ their§ day§ to§ day.§
As§ to§ your§ question§ on§ rewarding§ ethical§ behaviors,§ I§ would§ refer§ to§ the§
Wells§ Fargo§ example§ in§ our§ reading.§ Their§ rewards§ system§ was§ focused§ heavily§
on§ growth§ in§ accounts§ and§ their§ core§ values§ were§ not§ strong§ enough§ to§
counter§ balance§ the§ unethical§ behaviors§ and§ activities§ that§ led§ to§ team§ members§
cloning§ and§ creating§ fake§ accounts§ to§ hit§ objectives.§ The§ goals§ were§ unrealistic§
and§ the§ leadership§ team§ didn't§ reinforce§ the§ right§ road§ to§ take§ to§ get§ there,§
leaving§ team§ members§ to§ make§ poor§ decisions.§ Leaders§ and§ front§ line§ team§
members§ must§ clearly§ understand§ the§ goals,§ their§ role§ in§ helping§ the§ company§
win,§ and§ ensuring§ core§ values§ are§ not§ overlooked§ to§ achieve§ them.§ Businesses§
do§ themselves§ a§ big§ disservice§ if§ they§ don't§ put§ a§ non-strategic§ plan§ into§
action.§ An§ organization's§ business§ model,§ as§ well§ as§ new§ missions§ and§
innovations,§ are§ explained§ more§ clearly§ with§ the§ aid§ of§ strategic§ planning.§
Communication§ is§ one§ of§ the§ most§ crucial§ planning§ procedures§ in§ a§ business.§
Employee§ performance§ and§ purpose§ alignment§ are§ both§ improved§ when§ they§ are§
aware§ of§ a§ company's§ plan.§ For§ the§ team§ to§ establish§ what§ works§ and§ what§
doesn't,§ a§ well-organized§ strategy§ should§ be§ documented§ and§ examined§ on§ a§
monthly§ or§ quarterly§ basis.§ Linking§ the§ objectives§ and§ or§ goals,§ is§ essential.§
The§ use§ of§ SWOT§ is§ an§ effective§ tool.§ Know§ that§ is§ will§ more§ likely§ that§
the§ organization§ will§ fail§ if§ it§ is§ not§ grasped§ by§ all§ throughout§ the§
organization.§ Top§ to§ bottom§ and§ vice§ versa,§ will§ have§ to§ buy§ into§ the§ goal.§
This§ is§ why§ the§ planning,§ leading,§ organizing,§ and§ controlling§ is§ so§ important.§
A§ company§ with§ a§ strategic§ plan§ can§ predict§ significant§ growth§ in§ earnings§
and§ sales§ revenue§ over§ the§ coming§ year.§ Strategic§ planning§ broadens§ a§ business§
vision§ and§ mission§ which§ drives§ goals§ toward§ success.§ It§ lays§ forth§ a§
company’s§ vision§ for§ expanding§ its§ organization's§ potential§ to§ spark§ innovation§
and§ ignite§ growth.§ It§ helps§ identify§ opportunities§ that§ would§ otherwise§ not§ be§
present§ and§ help§ further§ develop§ new§ opportunities§ and§ development.§ When§
establishing§ new§ priorities§ several§ changes§ must§ occur§ to§ begin§ evaluating§ the§
present§ internal§ and§ external§ areas§ for§ improvement.§ A§ company§ with§ a§
strategic§ plan§ can§ predict§ significant§ growth§ in§ earnings§ and§ sales§ revenue§ over§
the§ coming§ year.
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