Your Perfect Assignment is Just a Click Away

We Write Custom Academic Papers

100% Original, Plagiarism Free, Customized to your instructions!

glass
pen
clip
papers
heaphones

BUS 475 University of Phoenix Week 4 Strategic Planning Discussion

BUS 475 University of Phoenix Week 4 Strategic Planning Discussion

Question Description

I’m working on a business discussion question and need an explanation to help me understand better.

Post a total of 3 substantive responses. This includes your initial post and 2 replies to classmates or your faculty member.

Respond to the following in a minimum of 175 words:

  • In strategic planning, what components would you consider necessary for creating a strategic plan?
  • Using your chosen company for this course, explain what components they use and whether they do a good job of communicating their plan to their workforce.

Post 2 replies to classmates or your faculty member. Be constructive and professional.Student 1 (ZB)

Hello everyone,

The components necessary for strategic planning are knowledge and communication. The people creating a strategic plan need to have the knowledge necessary for the task and the communication skills to convey the plan to the people that will implement it. The people with the knowledge will use tools such as a SWOT analysis combined with the company’s vision, mission, values, and goals to create a strategic plan and then communicate the plan to the managers and frontline employees that will implement the plan.

Delta Airlines, Inc. uses its mission, vision, and goals to form a strategic plan that allows them to be a leader in the airline industry. The upper management does an excellent job communicating the strategic plan to the managers and frontline employees based on the results that they are achieving in both their community outreach programs and the profitability of the company. If a company does not communicate its intentions well, then there would be less profitability due to the need to micromanage and continuously correct actions that were done differently than it was supposed to be. In all aspects of a company, communication continues to be the keystone of companies that succeed and the lack of for those that fail.

Student 2 (CC)

When creating a strategic plan I think the components that are necessary are the companies’ vision, mission, strengths, weaknesses, and ultimate goals. I think the vision and mission are necessary in a strategic plan because it defines or explains the goal of the company and what the company would like to achieve. To me those components would be a road map or an outline to begin with strategic planning.

The company that I chose is Netflix. Netflix has used their vision, mission, strengths and weaknesses to come up with a strategic plan for them to continue entertaining the world. I would definitely say they do a good job of communicating their plan to their workforce because in the earlier weeks I discovered Netflix has an open door policy. They also make all of their documents that are business related, whether it is financial information or disputes available to all of their employees. It seems they are housed electronically and all employees are able to review the information at any time. Netflix also allows all of its employees to give input on ideas and solutions to any problems.

Order Solution Now

Our Service Charter

1. Professional & Expert Writers: Gold Grades only hire the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Gold Grades are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Gold Grades is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Gold Grades, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.