All personal: Final Strategic Plan Paper Bus 475
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Advanced Search Search Tips. Due by Day 7. Prior to beginning work on this Final Paper, review Chapters 1 through 20 in the course textbook. The Final Paper should demonstrate your understanding of the readings and other course material. By creating an international business or an international business venture, you will utlize your subject knowledge expertise in discovering and overcoming the challenges of expanding a business to a new host country. In a 2, to 2, word paper, you should integrate readings and class discussions, and you may include explanations and examples from previous experiences as well as implications for future applications. All opinions or ideas should be supported with credible and recent data. All data used must be cited with in-text citations and a bibliography on the references page.Post navigation
Importance of Strategic Planning and Management in the Business Paper Artim Toska Bus March 29, Introduction This paper will describe a small business I may want to start, define strategic management and planning, and explain why a strategic plan would be important to the success of this business. Also, it will explain the four functions of management relative to creating and Papeg a Final Strategic Plan Paper Bus 475 plan. The direction and future of a small business has extreme challenges in an economy that lags, but can be overcome with the right strategic mananagent ideas and planning. A small business that I would like to start would be a financial Paepr that would provide short-term capital to small working and expanding companies.
I believe this business would provide profits in an economy that has been ailing small businesses. Small businesses would welcome my services since they can not or find it difficult to finance their business when banks are not giving them the capital they need to remodel or have their business survive.
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Strategic management is planning your business at the highest possible level. Also, strategic management helps answer what are the objectives of the business, the best procedure in achieving these objectives, and what are the resources that are needed to make that happen All business, Strategic planning determines the direction that an organization will be eaded over the next year or more, and how it will arrive there McNamara, Usually, the process is throughout the organization and focuses on a major function as division, department, or other important functions. A strategic Stratevic includes several levels or steps in the process the order of these levels can be orientated towards the satisfactory of the organization for success.
One can view strategic planning as strategic analysis. This would include a review of the organizations Strategix economical, social, technical…. Also, establishing a strategic direction is a major activity in strategic planning. Organizers would conclude what the company needs to do with the issues and opportunities that are facing the organization McNamara, Also, action planning can be looked as strategic planning.
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Action planning helps view how strategic goals will be attained, and includes specifying objective results with each strategic goal McNamara, Also, it would help shape the company brand and how to distribute that Papef to consumers. Also, the plan would help in the success of the business by establishing a marketing scheme.
Four Functions of Management The four functions of management are important in creating and implementing a successful strategic plan. The four functions of management are planning, organizing, leading, and controlling Rothbauer-Wanish, Planning helps create in a strategic plan what are the organizations goals, and how those goals can be achieved developing objectives for the goal and monitoring on the execution of the plan are essential in the planning.
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Also, organizing helps implement a successful strategic plan by helping me know the amount of employees needed to provide the success of the 745 Rothbauer-Wanish, Leading helps implement a strategic plan by my motivation to employees that will help in their performance. Conclusion This paper defined strategic management and planning, explained why a strategic plan would be important to the success of this business, and explained the four functions of management relative to creating and implementing a strategic plan.
Resources All Business, What is Strategic Management?]
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