Strategic Planning and Control - Essay Example

Strategic planning and control al Affiliation Strategic planning and control Reflective Log The nine weeks of study have been of a significant contribution in the definition of my life as an accountant. Each week had a differing input with respect to the nurturing of my strategic planning and control approaches. A concrete reflection on the respective approaches needs to be addressed with respect to the input added by the each of the lessons. Apparently, the role of each of the lessons was synergized with additional input fetched from contributing activities such as playing business games. Such allowed for the simulation of the respective lessons in a manner that lead to the development of a stable anchorage of the considered information. Apparently, a reflection of the respective lessons entries and the related aspects of the synergized contributors allows for the visualization of the subsequent knowledge gathered throughout the entire course. The first lesson involved an introduction to the entire concept of strategic knowledge. Such was advised by the respective entities that defined the study of strategic planning and its input in the characterization of business. Apparently, the lesson remains best regarded as an introductory to the entire course work. Upon its commencement, an impression on the prospects of strategic planning was considered. I may consider the ideals of the instructors as being vested on the conceptualization of the entire topic. Additional interests were vested on placing it under timeframes, in an effort to ensure its eventual implementation. The knowledge gathered in the first lesson was critical in the shaping of the considered beliefs and the eventual development of a perception regarding the entities of the entire course (Kraten, 2010). At the termination of the first week, I had developed an insight on the entire program and the progressive models under consideration. I must admit that upon the termination of the program, I had developed interests on the possibilities that stood to be enlisted from the entire course. The contributions annexed to the respective evaluative roles associated to the lesson of the second week played a significant role in the description of strategic planning as perceived by the corporate world. Students were engaged in the various evaluative protocols that may be annexed to a business venture, including the PESTEL model. The model was presented as an ideal approach upon which the evaluation of a venture may be aspired. However, progressive aspects such as the implication that stood to be fetched from the respective models of evaluation remains vested on the content of the subsequent classes. Apparently, the possibility of having an insight on the practicability of the models was proposed via the intensity articulated by the instructor. However, the provided illustrations paved way for some slight reflection on the prospects that entail the entire course. It was apparent that there stood a significant number of applications that can benefit from the model. Apparently, the model considered the possibility of examining the detailed aspects of production, including the possibility of making adjustments in the promotion of revenue generation (Wilson & Gilligan, 2005). Arguably, the entire course was detailing on the contributions offered by strategic planning in respect to the improvement of the prospects of improving on revenue generation. The lessons of week three aimed at addressing the developed concerns regarding the applicability of the considered models. Its implementation remains critical towards the realization of the prospective ambitions of a business institution. Apparently, the lessons provided an opportunity to reflect on the extensive roles that may be considered from the uptake of extensive business ventures. The consideration of the challenges that may be associated with broader business ventures remains under the address of the various accounting experts. The course anticipated at generating the appropriate skills on the students that may allow for the address of the challenges experienced in the corporate world. Other models of analysis presented under the respective perceptions of strategic planning and control included the SWOT analysis model. Apparently, the role of each of the model was oriented at the prospect of testing the respective entities of business with the aim of strengthening its performance and further enforcing on its ambitions. The interests of the lessons in the week of reference were established to be critical in decision making at various aspects of simulations. It may be argued that indeed the prospect of exercising the fetched knowledge under the perception of practiced complications remained rather farfetched. Apparently, the course on strategic planning and management aspired to offer a detailed training in respect to the contributions it offered on the prospective aspects of a wholesome corporation. There existed a number of interests to be fetched with respect to the ability of the students in deducing the respective concerns that define the considered business challenges. There existed a detailed need in the conceptualizing the elements that comprise of a functional business (Drummond, 2001). Such information may be considered to accost the prospect of addressing the challenges associated with the business world. Apparently, my interest in joining the class was founded on the application of strategic planning and management in the address of the challenges associated with the extensive business world. Arguably, there exist a number of challenges that may be deduced from the embrace of involving business decisions. Among such decisions include the prospect of having the business steered towards its growth and the eventual possibility of exercising the same concerns as a product of extensive hard work vested by the employees. Week five lessons were critical in addressing the challenges of the extensive business world. However, allowing the reflection of the settings in an ideal business situation was regarded as an entirely different concern. Apparently, the prospect of having the skills placed under implementation could only be implemented with a reflection on the perspective attributes it stood to add on the ideal business world. The possibility of embracing a simulation to aid in the realization of the entire process remained ideal as the lessons progressed. There existed a number of concerns that were emerging upon the progress of the class. The knowledge being dissemination was extensively valuable. However, the same could not be argued of additional aspects of the business, including the possibility of an immediate testing opportunity. The lessons were getting rather practical in respect to the context and the dynamics under embrace. Arguably, the instructor was preparing us for the subsequent roles that stood to be achieved from the prospective possibilities of employment or business establishment in the future. The values of aspects of aspects such as ethics and behavioural codes in the corporate world remained critical in the description of the content under study (Wheelen & Hunger, 2010). Week seven considered a reflection of the models along the prospective matrices that may be deduced from the lessons under presentation. The instructor packaged the lessons in a manner that was simplified and informing. I felt the model of preference with respect to information dispensation allowed for the prospective sense of ease in the subsequent phase of conceptualization. I considered the Business Tycoon Online as an ideal game for simulating my learned knowledge. Such was advised by the respective interests that I considered to be added by the game in respect to the prospective ability of exercising the respective sets of knowledge. There exists a number of concerns that stood to be captured from the implementation of the respective knowledge (Wolfe et.al, 2003). Among them was the role of teamwork in the addressing of the challenges that are associated with an ideal business. There were an increased number of abilities that were to be achieved, upon the decision of sharing the considered duties along the team of players under selection. Apparently, such efforts were considered as the delegation of duties and opportunities to the broad team of workmates (Bainbridge, 2010). I had honed the skills of teamworking through the prospective duties that were involved in class assignments. There existed a number of concerns that were considered to be addressed through the reflection of the subsequent parties playing in a firm. Apparently, the duty of management and strategic planning and control remain regarded to comprise of oversight roles. However, the prospect of having an amicable implementation attained remains vested on the decision made in retrospect to the selection of team to assist in the managerial roles. Business tycoon online allows for the conceptualization of the various dificulties that are faced by an ideal business venture. There exist numerous aspects upon which the venture may be stretched under the description of the game. Apparently, the game offers over fifty (50) ventures that may be exercised by the considered tycoon (Wheelen & Hunger, 2010).. The game allows for the establishment of a business venture that permits the inclusion of the prospective challenges that are associated with such an activity. Working with a team allows for the brainstorming of opinions and the delegation of duties. In such interest, there exists an increased number of merits that stand to be fetched from the inclusion of the respective aspects of decision making under the impression of a team working. Arguably, team members are associated with a singular line of specialization in service delivery. Such input implies that the team considered for the management of the concern of corporation guidance remains vested on the input placed by the respective persons that comprise of the team under selection. However, the prospective perception of managing the involved stakeholders remains the leading perception that shapes a progressive firm. The ability to harmonise the respective contribution offered by the members of the managing team allows for the steering of the firm towards the realization of the eventual interest of the firm (Bickerstaff, 2009). I may further suggest that the trip accorded to the health centre allowed an opportunity to visualize on the challenges associated with the considered corporate world. Embracing the input of such activities allowed for the reflection on the challenges aspired in the simulation game, as well as the potential advances that are annexed to the running of an efficient business venture. The exquisiteness of the trip was mainly vested in the prospective roles of the owner in the promotion of the ideal business virtues and the subsequent success. However, the prospect of the involved team facing the ideal challenges associated with the real world allowed for the conceptualization of the essence lessons faced during the entire course work (Pearce & Robinson, 2010). In conclusion, the lessons had a direct impact in the shaping of my business interests. The skills in offer allowed for the reflection of the role of strategic planning and control in the management of the a business venture. Strategic planning was presented to be ideal in the address of the various managerial challenges that stood to be realized under the different aspects of business. Apparently, the role of a manager in a business remains vested on the steering of the entire venture towards the realization of its dreams. Strategic management allows for the development of the respective goals and the subsequent deduction of the considered solutions. It remains apparent that the integration of strategic planning in the management of the respective ventures allows an inclusion of an increased sense of opportunities for the business. There exist various critical aspects of promotion that may be transuded as entities of embracing strategic planning and control. The lessons, thus, allowed for an opportunity to conceptualize on the prospective entities that are to be fulfilled along the embrace of strategic planning and control. There existed an uniform consensus on the existences of challenges in the business world. Addressing such challenges allows for the respective meeting of the interests of the firm as perceived by the planning team. Pursuing the realization of such goals implies that the firm is annexed at excelling and enlarging past the limitation of managerial challenges. Reference Bainbridge, W. S. 2010. Online multiplayer games. San Rafael, Calif.: Morgan & Claypool Publishers. Bickerstaff, J. 2009. How to Bake a Business: Recipes to Turn Your Bright Idea into a Successful Enterprise. Sydney: Allen & Unwin. Drummond, G., Ensor, J., & Chartered Institute of Marketing. 2001. Strategic marketing: Planning and control. Oxford: Butterworth-Heinemann. Greenshields, M., Rainbow, R., Slee, D. V., & South Australian No-Till Farmers Association. (2010). Strategic planning for farm businesses. Clare, S. Aust.: South Australian No-Till Farmers Association. Kraten, M. 2010. Business planning and entrepreneurship: An accounting approach. New York: Business Expert Press. Pearce, J. A., & Robinson, R. B. 2010. Strategic management: Formulation, implementation and control. Boston: Gardners Books. Wheelen, T. L., & Hunger, J. D. 2010. Concepts in strategic management and business policy: Achieving sustainability. Upper Saddle River, N.J: Prentice Hall. Wheelen, T. L., & Hunger, J. D. 2010. Strategic management and business policy: Achieving sustainability. Upper Saddle River, N.J: Prentice Hall. Wilson, R. M. S., & Colin Gilligan. 2005. Strategic marketing management planning, implementation and control. Amsterdam: Elsevier/Butterworth-Heinemann. Wolfe, J. A. 2003. The global business game: A strategic management and international business simulation : players manual. 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