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MGT 498 Week 2, DQ 1 to 6 Week 2 DQ 1 In week one we discussed mission statements & vision statements. These are used to develop goals & objectives for the organization. There are other things that also need to be done before goals & objectives are done.

Week 2 DQ 1

In week one we discussed mission statements & vision statements. These are used to develop goals & objectives for the organization. There are other things that also need to be done before goals & objectives are done. Please spend a few moments reviewing what a SWOT or SWOTt analysis is.  How can the results of a SWOT analysis be used to develop goals for an organization. What do we mean by environmental scanning for strategic planning?

Week 2 DQ 2

 

What is the role of strategic planning in creating value for the organization? Provide an example of how a company uses strategic planning to create value for the organization. What is a competitive strategy?  Choose two or more competitive strategies & compare why each strategy may be appropriate for different companies. For example, one company may use a low-price strategy while another may go for high quality.

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