Do some research and find the tasks/processes that are associated with making and executing strategy. This discussion is straightforward: select any ONE of the tasks/processes that you want to investigate, and share your findings about that task. Include where it fits in the process, how it helps the process and finally, what you would do to make it better.
Here is an overview of the tasks/processes associated with making and executing strategy, and I will focus on the task of setting objectives.
- Developing a strategic vision and mission:Â This is the first step in the strategic planning process, and it involves articulating the company’s long-term goals and values. The strategic vision should be aspirational and inspiring, while the mission statement should be more specific and focused on what the company does and why it exists.
- Setting objectives:Â Once the strategic vision and mission are in place, the next step is to set specific objectives for the company. Objectives should be SMART: specific, measurable, achievable, relevant, and time-bound. They should also be aligned with the company’s strategic vision and mission.
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