An
Organization: Its Mission and Strategic Intent
In
this assignment, you will decide on a company's strategic intent, its mission,
and the role of stakeholders in developing an organization's strategy.
You
have learned that stakeholders have profound impact on the direction and the
success of a company. Based on your readings and learning, complete the
following tasks:
- Define the various classifications
of stakeholders in a company and their role in strategic management
decisions.
- Explain the connection between
stakeholders and competitive advantage.
You
learned that strategic intent is an extension of a company's organizational
culture and the cornerstone of the firm. Based on your readings and learning,
complete the following tasks:
- Discuss the importance of
strategic intent and its impact on organizational success.
- Discuss why it is important and
how an organization can move from intent to implementation.
Based
on your readings and learning, complete the following tasks:
- Describe the attributes of an effective
strategist.
- Explain how you would create and
sell a strategic mission to stakeholders.
We
cannot always control political, technological, economic, or cultural issues.
Given that, answer the following questions:
- How often would you reevaluate your
business strategy to maintain a competitive edge in the market place?
- What factors would you use to
evaluate the need for change, and what tools would you use to make the
changes?
- While performing an external
environmental analysis, how important is it to use all four components and
why?
