Question

Write a two-page reflection paper. The purpose of the reflection paper is to demonstrate your understanding of the material and how it will be used in practice going forward. In short, what you learned and how you will use it. There are no right or wrong answers, I am looking simply for your thoughts, reactions and practical application of the information. Your reflection paper should include: - An opening paragraph/thesis statement - A well organized and cohesive main body (2-4 paragraphs) - An effective conclusion that summarizes and links back to the thesis

For Strategic Planning, what would be a good thesis for a reflection paper of the course?

Answer 1

Reflection Paper : STRATEGIC PLANNING

Thesis Statement :

What I understood from the course "strategic planning" is that ; it is the process undertaken by almost every business to establish a direction to the efforts and activities of organisation through assessing the current status and formulating strategies for leading the business towards the goals and objectives which the business wants to achieve.

In other words it is the process of analysing the business activities so as to set certain realistic objectives which are pursued through formulating specific strategies.

Body

In my opinion Strategic planning forms a integral part of planning process for the businesses that operate in highly competitive environment as strategic planning helps it to give direction to it's efforts and enables it to take various viable decisions regarding allocation of resources which can not only prove beneficial in short and long run but also help to mitigate the risks by ascertaining the threats and thus keeping necessary provisions available in advance to face and cope up with any such issues and threats before they turn into complexities.

The strategic planning can be put into implementation in various areas of business organization. I believe that the course highlights the importance of strategic planning in operational activities of business organization to prevent the dynamic environmental forces from creating complexities in smooth functioning of operations. The best example can be SWOT analysis which aim to ascertain the internal and external environmental forces to lead the business towards taking various urgent decisions such as supply conditions target market , new product, which segment to venture, where to allocate the resources and how to expand the business operations through joint venture.

The another way through which strategic planning can be put to implementation is preparation of a Mission and Vision statement for the business and jotting down the short term and long term goals which are to accomplished through putting some strategies at place. For example the goal of cutting down on cost can be accomplished through strategically planning for the efficient utilization of resources or how the investment in resources should be done to save costs.

Conclusion :

Strategic planning thus helps to increase the effectiveness and efficiency of business organization and makes organization more persistent to the future threats , risks and complexities by addressing to the issues and formulating efficient strategies for investing, allocating, aligning and utilising the resources to accomplish business objectives in the desired manner.

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Thanks dear student.. This will work for you. . ..

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