Assignment: Strategic Planning and Strategic Management Paper
Purpose of Assignment
This individual assignment is designed to help students with the following
1. Understand strategic business terminology (e.g. vision, strategy, goals, process, environmental scanning, objective, measurement, and metrics)
2 Recognize the difference between the strategic management poems and strategic planning
3. Recognize the components of a strategic plan and the steps to create one.
Analyses
- Appropriate and relevant business and academic websites
Assignment Requirement
Write a 550 to 700 word paper that includes the following:
1. Description of the four primary components of the strategic management process (i.e. environment scanning, strategy formulation, strategy implementation and strategy evaluation and control.
2. Description of the responsibilities and duties of a strategic manager.
3. Relevant overview of a company that you researched for this assignment (e.g industry, age, size, scope, and market position).
4. Description of how your selected company performs strategic planning.
Format the paper according to 400-level APA standards. An abstract is not required but the paper must Inside a conclusion heading (other heading are recommendation). The word count does not include the title and reference pages.