Strategic Planning : An Organization, Regardless Of The Size Essay

960 Words Feb 12th, 2016 4 Pages
MBNQA Organizations-Assessment Paper Strategic planning is vital to an organization, regardless of the size. In addition, strategic planning is an instrument that can be used to gauge the health, future and direction of a company. The objectives, goals and vision are measured and are at the hub of strategic planning. Organizations are aware of the changes- paradigm shift in the way we conduct business globally and work aggressively to improve service and performance. Over the years many organizations have received awards and recognition for their outstanding performance in business. For anyone seeking characteristics of high-performing organizations, a framework exists that encompasses a set of beliefs and behavior that consistently emerge from such organizations. That structure can be found in the Baldrige Criteria for Performance Excellence (Huffstutler and Thomsen, 2015, p. 45, as cited in Baldrige Performance Excellence Program 2015). The prestigious Malcolm Baldrige National Quality Award (MBNQA) is given to organizations in the business, health care, education, and nonprofit areas who demonstrate outstanding service and performance. Organizations are evaluated in seven areas namely: leadership, strategic planning, customer and market focus, information and analysis, human resource focus, process management, and business results. Recently, the MBNQA award was given to Elevations Credit Union (ECU) in the nonprofit category. This paper will utilize the standard or…

Related Documents