Business Finance Homework Help

Response Guidelines

Respond to at least one other learner regarding his or her explanation of the strategic plan steps.

Your response must be substantive and contribute to the discussion. Compare your analysis to that of your peer and comment on the similarities and differences that you see. If there are aspects that you do not agree with, present an argument to support your position. If you need more information from your peer, be sure to ask questions for clarity.

Student post down below:

Bryson (2018) discusses seven steps to establishing an agreement in the chosen organization to conduct the planning process in a systematic way. The purpose/purposes and worth of the strategic planning effort. Project organization, including who the sponsors and champions are. The organizations, units, groups, or persons who should be engaged and in what ways. The specific steps to be followed, how information and communication technologies and social media will be used, and the way ongoing feedback and learning will occur. The form and timing of reports. Resource commitments to begin the effort. Key requirement for a successful effort.

The person that is doing the strategizing should already have a plan in place, along with the purpose and be prepared to project their strategy by including various stakeholders to help sponsor their project. Many times choices have to be made and at times that is when it is sometimes best to bring others into the organization to help with making those difficult choices. While taking specific steps to plan a person should be able to utilize social media can be a great tool to be able to communicate to others in the community. As a professional one its also good to prepare a spreadsheet as well as focus on a deadline to complete your project. And finally it is essential to listen, communicate and take into account all suggestions from all team plates before finalizing your plan.