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Planning Process

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Planning Process
Over the past week, the team gained considerable knowledge of the importance of the planning fundamentals for management. In personal endeavors and in business basic planning is more critical than ever before. Planning gives a clear direction of objectives and goals set forth in an organizations business initiatives or one’s personal life for the future. These plans must maintain some flexibility for changes in the business environment or individual circumstances. This reflective summary will touch on strategic management covering mission, strategic vision, and goals outlined in the course material.
Mission
The mission describes clearly the purpose of the organization. It will describe what type of business the organization conducts, who its customers are, the goods, or services offered and the organizations values.
Strategic Vision Unlike, the mission statement that describes current operations, the vision statement should include and clarify the long term goals of an organization. The vision statement should include worthwhile targets that are attainable to the organization working as a team. An effective vision statement should inspire the organization. An example of this is the team charter in class that outlines target dates for the submission of assignment to the team’s facilitator and the require level of participation of each team member.
Strategic Goals The creation of strategic goals comes from the mission and vision statements of the organization. These goals include targets or ending results to the survival, value, and growth of an organization.
A team member’s employer uses a similar performance management tool called the balanced scorecard. The balanced scorecard turns the mission and vision statements into set objectives and performance measures, like the strategic management model in the book. The...

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