Strategic plan

• Step 1: Identify the firm’s existing vision, mission, objectives, and strategies. For this step you are required to:

1. Identify and analyze your organization’s existing values, vision, and mission.
   1. Are they congruent with one another?
   2. Do they follow the guidelines outlined below?
2. Identify 2 major competitors/comparable organizations and identify their values/vision/mission
   1. Compare the values, vision, and mission of your company to the identified competitors.
3. Following the guidelines outlined in your text, provide updated/re-written versions of your organizations:
   1. Values statement
   2. Mission statement
   3. Vision statement

• Step 8 Prepare a Strengths-Weaknesses-Opportunities-Threats (SWOT) Matrix, and Quantitative Strategic Planning Matrix (QSPM) as appropriate. Give advantages and disadvantages of alternative strategies.

• Step 9 Recommend specific strategies and long-term objectives. Show how much your recommendations will cost. Clearly itemize these costs for each projected year. Compare your recommendations to actual strategies planned by the company.

• Step 10 Specify how your recommendations can be implemented and what results you can expect. Present a timetable or agenda for action.
• Compare and contrast your strategic plan versus the company’s own plans for the future.

• Step 11 Recommend specific annual objectives and policies.

• Step 12 Recommend procedures for strategy review and evaluation.

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