In: Finance
Conduct a search for evaluating strategic plans. Review articles or websites for information on evaluating an organization’s strategic plan. Explain how you would evaluate a strategic plan to know whether it needed to be modified. What quality controls would you instill?
1)CONDUCT A SEARCH FOR EVALUATING STRATEGIC PLANS.REVIEW ARTICLES OR WEBSITES FOR INFORMATION ON EVALUATING AN ORGANISATIONS STRATEGIC PLAN.EXPLAIN HOW YOU WOULD EVALUATE A STRATEGIC PLAN TO KNOW WHETHER IT NEEDED TO BE MODIFIED.WHAT QUALITY CONTROLS WOULD YOU INSTILL?
A) Strategic plan is about giving the best innovative plan at the point of time where that needs are made and utilized with utmost force and perfect competition as it gives the desired results that why it is a strategy.Lets have a brief insight into it with an example
From the above image it is clearly stated that a strategy will have its own date of expiry as we would keep on innovating things whether we have it or it is further developed.there are so many examples of it and the way the customers are being these days it is difficult to fulfill.so we need lot of strategies in order to fulfill there needs with different thoughts and innovations.so to tap or instill things it is quite complex to understand the needs of the consumer to develop and define the needs with the documents and rely upon the back ground work that was done with the needs and understanding of the nature of the elements with the product and its differentiation,These are the things to instill and understand the basic needs of the costumer and gives the best with the strategy to implement.It is quite ordeal to instill and gives the innovative thought or idea to impress the people and get the business done and develop into different needs,that grows with the usage of the words and the customer focused needs that are dealing now a days so strategy is important and equally viable with the things.