This is a document that a business uses to express its internal goals, objectives, and priorities. The term "stability" refers to the state of a building's structural integrity, as opposed to the "stability" of the building's structural integrity. Using the management plan, the business can agree on the desired objective, assess its response to changes in the environment, and make any necessary adjustments.
A strategic management plan should involve the public, and an institution should be accountable to the community for its goal and purpose. During construction of a strategic management plan for an organization, the primary concern should be how the organization performs as a corporate. By shifting the focus to the corporate aspect of the organization, the planning is able to allow for long term plans that affect the performance of the organization in the end. This plan should then be equipped with follow up plans to track down the progress of the organization as a corporate. (Local government association, 2012, p. 12)
Risk management should be a plan that ensures the management plan work without risking failure of the organization while at the same time ensuring a satisfying performance. The strategic planning should allow the managerial team to make tough decisions on what activities to partake and what activities to reject according to the organizations leadership. The strategic planning process should be formal such that the decisions made regarding opportunities made by the organizations are indeed evidence based.
A SWOT analysis should be a part of the strategic management planning process in order to identify the organizations strengths, weaknesses, opportunities and threats. This allows the management to make viable decisions about future investments and opportunities. The strategic plan should maintain a simplicity that allows easy understanding of an organization purpose, goals, objectives and yet maintaining a requisite insight of strategies the organization will embark on to achieve its objectives.
Question 2.
Employees’ assessment survey
Please answer the following questionnaire to help us know your opinion on various aspects of the company.
Q1. For how long have you worked for this company?
1 year
6months
5 years
Less than 6months
Q2. The company offers the best salaries to their employees
Strongly agree
Agree
Neither agree/disagree
Disagree
Strongly disagree
Q3. Have you used the Enterprise resource planning (ERP) before?
Yes
No
Not sure
Q4. Do you feel like the company fairly compensate their employees in terms of health, retirement benefits and other labor relations as per the legal regulations of human resource management?
Definitely
Probably
Definitely not
Probably not
Not sure
Q5. According to your opinion the products provided by the company
Are of high quality
Meet the needs of the clients
Require modifications to suit need of consumer
Are of low quality and should be out of market
Are offered at fair prices thus affordable
Are too expensive
Q6. Of the technical engineering skills useful to the company, you would pride yourself as being conversant with
Technical support skills
Programming and coding
Data collection and analysis
Computer modelling
Software quality assurance skills
Q7. Are you of the opinion that
The company’s leadership is a success
The company need better leaders in future
A change in the management of the company would improve productivity
The management is committed to attaining company’s’ goals
The current management have contributed to the slow growth of the company
Q8. Are you motivated to keep working for the company and see it succeed
A little motivated
Very motivated
Not at all motivated
Not sure
Q9. Which would you be hard to pack during shipping?
1tonne of steel rolls
1tonne of lead
1tonne of tissue rolls
1tonne of sand
1tonne of ballast
Q10. In your opinion, what department required improvement within the company
The financial department
The human resource department
The managerial department
The legal department
The sales department
The research department
Maintenance department
Question 3.
Summary
Internal assessment of an organization is an important component of the strategic management planning. It allows the company to analyze data and formulate a profile according to the previous company performance. In order to come up with an accurate profile, the organization carry out surveys among its employees to gather information that is useful in reviewing the company’s performance. This assessment combined with an external one enables the company to analyze their strengths, weakness, opportunity and threat.
There are various components of the internal assessment process among them: reviewing of the organizations framework and the mission statement. These helps in determining whether the business is working towards achieving what it says it would in the mission vision and value statement (Kennedy, 2017). It also allows review whether the processes used are leading to the optimal achievement of purpose. Another component allows market research be conducted. This ensures early involvement of the management in the planning process.
It also important for resource analysis that allow the company to assess their assets and liabilities including staff, equipment’s and facilities. Internal assessments is also essential in the financial analysis of the company, which help in strategizing future financial projects. By conducting assessment surveys, the organization is able to get an inner look at the company’s situation and make decisions that are sensitive and nonbiased. It is also important in identifying company’s weaknesses and making necessary adjustments.
References
Local government association. (2012). GUIDE TO PREPARING A STRATEGIC MANAGEMENT PLAN Guide to preparing a strategic management plan. The voice of local government, 1-30. Retrieved from https://www.lga.sa.gov.au/webdata/resources/files/LGA_Guide_to_Preparing_a_Strategic_Management_Plan_-_Dec_2012.pdf
Nigerian communication commission. (2014). corporate matters. NCC Strategic Management Plan. Retrieved from http://www.ncc.gov.ng/stakeholder/corporate-matters/strategic-management-plan
Kennedy, J. F. (2017). Strategic Planning Process: The Internal Assessment. Retrieved from http://www.veralon.com/strategic-planning-process-highlight-the-internal-assessment/html
