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Week 4 DQ 3

Week 4 DQ 3

Q • Define what is meant by strategy.

Q • Evaluate the goal of strategic development.

Q • Assess why strategic planning is important for all organizations. o Explain the elements of a typical strategic planning process. • Finally, review the seven management planning tools that are particularly useful in structuring unstructured ideas, making strategic plans, and organizing and controlling large, complex projects. • Apply one of the tools to a project you have been involved in or know of in your organization or an organization of your choice. Be sure to explain how the tool benefits all employees involved in a quality planning and implementation.

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For an organization, strategic development is crucial. It enables its decision-makers to take useful and sound decisions about the plans and policies to be implemented. To decide wisely about the resource allocation and its effectiveness in the production process so that the organization can smoothly achieve its short-term and long-term goals (Evans & Lindsay, 2020).