I’m working on a business Discussion and need an explanation to help me learn.
Respond to the following in a minimum of 175 words (each):
- How important is structure/culture compared to the other primary internal considerations for a strategic plan?
- Do you think organizations differ from each other when placing importance on areas of the SWOT analysis?
- Describe a real-world example of an organization that would place more importance on one area of the SWOT analysis compared to another area.
- Explain when a Balanced Scorecard would be most useful for a company and who would be in charge of creating one.
- Describe how different aspects of the scorecard can be more beneficial for some companies rather than others.
- In strategic planning, what components would you consider necessary for creating a strategic plan?
- Using your chosen company for this course, explain what components they use and whether they do a good job of communicating their plan to their workforce.
- Keeping in mind the aspects of planning, leading, organizing, and controlling, explain how you would evaluate the effectiveness of a strategic plan.
- What do you think is the most important piece of information to consider when determining effectiveness? Why?