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Model Six-Inspirational Model Of Strategic Planning

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Model Four - Real-Time Strategic Planning
Model Five - Alignment Model of Strategic Planning
Model Six - Inspirational Model of Strategic Planning
All 5 models are unique in their own way and organizations cannot choose one model to identify their needs. However, analysis of the situation is key in order to understand what strategic model fits best for the organization. Situational analysis includes reviewing the current external and internal environments of the organization, and based on this assessment creating strategies and objectives to develop, implement and evaluate the strategic plan. Strategic plans are often designed to cover a long term period (3-5 years); however, in case of a highly dynamic organizational environment, a short term …show more content…
A good strategic plan looks at all the things that the organization is doing to identify the strengths and weaknesses which also helps organizational leaders to determine the areas where to spend time, resources and money. Organizational objectives should be identified to address the priority issues. Finally, a well-designed plan requires formal reviews of the process and revisions at least once per quarter (forbes.com).
It is usually the chief executive officer that is involved in the strategic planning process along with higher level management. However, depending upon the stage of planning and execution, some other groups and stakeholder representatives such as managers, operators, assistants and advisors, consultants, beneficiaries, etc. are required to be actively engaged (forbes.com).
3. Describe the SWOT analysis, its components, and how it aids a company in making strategic decisions. Provide examples of each component in the SWOT analysis.
A technique that most companies and businesses utilize before making decisions and during strategic planning is the SWOT analysis. SWOT analysis stands for strengths, weaknesses, opportunities and threats. This enables the company to identify some key areas such as where the company functions at a high level and what areas are deficient and requires improvement (Taylor,

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