Outline A. Planning Strategically in Nonprofit Management 1. Multiple Choice / Fill in the Blank a. Question b. Answers 2. The Strategic Plan a. A predetermined course of action. 3. Importance of Strategic Planning a. Planning is the most important thing. 4…
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What is the most important way to make a volunteer feel included? a. Trust b. Shaking hands c. Saying hello d. A compliment 2. Which of the following is not a good quality of a strategic plan? a. Decisive action b. Courage c. Leadership d. Aggression 3. We should always__all of our outcomes to the best of our ability. a. Forget b. Measure c. Ignore d. Hide Answers 1. a. Trust 2. d. Aggression 3. b. Measure The Strategic Plan A Strategic Plan is a predetermined course of action. It is made up of many different key players, elements, and challenges that can benefit any nonprofit management source. There are many approaches that can be used depending on the exact focus of the entire organization. “The specific size of the organization can also be a very important factor to consider when studying or designing any type of plan for the most efficient company possible” (Drucker, Peter F., p. 122). Compared to profit organizations, nonprofit companies are basically designed because they would not exist if it was not for the essential need. The service being offered from the nonprofit organizations are usually created out of the fundamental ethics of the creator or or founder. As the profit companies are usually made as a money generating system, the nonprofit organizations are made for service in hopes of creating enough money to continue the operation. “The nonprofit organization also hopes for as much agreement and compliance with all of its associations so they will completely understand the companies mission” (Gruber, Robert E.; Mohr, Mary.p. 109). Importance of Strategic Planning Strategic planning is always considered of the utmost importance to all nonprofit organizations. It is the basic and core plan that completely holds the entire organization together and gives it a support system for all of its employees. Without a basic strategic plan there is no possible way that any kind of organization can even attempt to survive as a growing company in our nation. The plan is the foundation to everything the organization does and stands for. There is no if, and, or but to what is stated in the plan. A good plan will never allow for any corners to be cut and will be in complete acceptance with all of the members. If for any reason there is who disagrees with the plan, there will have to a major decision made to either resolve the matter on a personal level or to even revise the plan in more severe cases. “If no agreement can be reached there will have to be further measure to remove the disagreeing person from his position” (Hume, Craig; Hume, Margee, p. 98). Key Players to Implement the plan There are many key players in that are involved in implementing a solid plan for any company. To begin with there should be “strategic audits”, “portfolio management”, and “product line pruning”. “The basic program portfolio must always be managed as a totality, and never as individual isolated programs” (Worth, Micheal J. p. 37). There should also always be a complex investigation method, analysis, and use of technique methods that are formally incorporated into the basic plan. These methods will be used to communicate the plan with any individual that will need to fully understand all of the details involved. In addition, there will also have to be many financial arrangements that can be made as simple as possible and arranged in a very neat format. “These key players should be made known, and should
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The use of SWOT analysis is widespread and useful in this context. SWOT analysis helps in strategic planning process by analyzing the business’s success factors, its weaknesses and provides an insight to the opportunities and threats that are prevalent in the industry that it works in.
On the one hand, it has to be in an attractive industry; and on the other hand, it has to strive for maintaining a considerable position in the industry. According to Porter (as cited in Eldering, 2009, p. 6), competitive strategy is the search for a favorable competitive position in the industry; and a firm can improve it depending on a firm’s choice of strategy.
It is the manager’s responsibility to ensure that the strategic planning of the firm is consistent with the needs of the market and the future expectations of demand from the consumer. The difference between strategic planning and planning is accounting for competitor trends and future demand and planning a strategy that is consistent with it.
Strategic planning may also mean a directed approach which is deliberately created to satisfy the need of the audience. It encourages the sharing of ideas through participation and therefore results into right judgment. As a result efficient decision making can be achieved through thorough analysis and successful implementation of policies and promotion of learning between the stakeholders (Langford & 2001).
1.1. General Environment This environment entails the patterns in the wider society, which influences the banking industry, and especially Wells Fargo Bank. In this case, this environment has seven main segments, which include demographics, economic, political/legal, social cultural, technological, global, and physical environment patterns (Ireland el at, 2009).
r that the capital projects involve high levels of investments and these are mainly used for acquiring asses and also to assist the company increase the size of its operations. The investments that are made have a major affect on the company and the operations of the company.
determination of the long-term goals and objectives, determining the allocation of resources and course of action, Andrews finds that the patterns of decision taken by the company produces the plans and policies to achieve its goals. Hofer and Schendel define it as the pattern
acing failure in developing answers, facing failure in staff coordination, ineffective management, and failure in recognizing board’s limits (Liff, 1997).
Some of the success factors for Kaiser Permanente include overcoming challenges and difficulties, good partnership with
Rudd loses an estimated amount of $106,322.26 annually. The departments of the corporation are welding, painting and shipping.
In spite of Rudd Corporation being a small corporation, it has managed to employ an employee’s number of four
The three C’s i.e. collaboration, cooperation, and coordination play a very important role in the process of strategic planning. Strategic planning is based on consulting the right sources of information at the right time.
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