Strategic Planning
Purpose
This assignment is aimed at giving you practical knowledge about how your chosen organizations are doing strategic planning. This assignment also will give you exposure more on strategic planning.
Instructions
Step 1 Seek answers to the following questions:
How does your firm formally conduct strategic planning? Who is involved in the process?
• Does your firm have a written mission statement?
How was the statement developed?
• What are the benefits of engaging in strategic planning? •
What are the major costs or problems in doing strategic planning in your business?
• Do you anticipate making any changes in the strategic-planning process at your company? If yes, please explain.
Step 2 Write a report of your findings.
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