Discuss ten (10) strategies and their advantages in connection with the corporation’s goals and objectives. (30 points) (A 2-page response is required.)
1. Environmental Scanning It is the first basic element in strategic planning. It is a process of cautious monitoring of external and internal …show more content…
6. Strategic Audit It is the process of analyzing the different function and activities of a corporation to find out its strengths and weaknesses by using a checklist of questions in all areas. This tactic helps identifying specific areas that create challenges and also provide solutions to problems. It also brings fresh perspectives to the company.
7. Organizational Learning Theory It is an organization that instead of imitating competitors or reshaping their environment is willing to use information that is available and using it to be more suitable to its environment. It assertively involves people from all levels of management to have their input into strategic planning. This strategy helps the corporation to act vigilantly in order to adjust and evolve in their challenging environment.