Asked by Janice Walker on May 03, 2024
Verified
Define the four types of strategic issues, as defined by Bryson. Give an example of each.
Strategic Issues
Key factors or challenges that could significantly impact an organization's ability to achieve its goals, requiring management's attention and strategic planning.
- Explain the methodology behind pinpointing an organization's fundamental strengths and key strategic concerns.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
The four types of strategic issues, as defined by Bryson, are:
1. Goals and Objectives: These are the desired outcomes or targets that an organization aims to achieve. For example, a company may set a goal to increase its market share by 10% within the next year.
2. Problems and Opportunities: These are the challenges or potential areas for improvement that an organization may face. For example, a company may identify a problem with its supply chain management that needs to be addressed, or an opportunity to expand into a new market.
3. Resource Allocation: This involves determining how to allocate resources such as budget, personnel, and time in order to achieve strategic goals. For example, a non-profit organization may need to decide how to allocate its limited funding between different programs and initiatives.
4. Implementation: This refers to the process of putting strategic plans into action. For example, a company may need to develop a detailed implementation plan for launching a new product or entering a new market.
Overall, these four types of strategic issues are important for organizations to consider in order to effectively plan and execute their strategic initiatives.
1. Goals and Objectives: These are the desired outcomes or targets that an organization aims to achieve. For example, a company may set a goal to increase its market share by 10% within the next year.
2. Problems and Opportunities: These are the challenges or potential areas for improvement that an organization may face. For example, a company may identify a problem with its supply chain management that needs to be addressed, or an opportunity to expand into a new market.
3. Resource Allocation: This involves determining how to allocate resources such as budget, personnel, and time in order to achieve strategic goals. For example, a non-profit organization may need to decide how to allocate its limited funding between different programs and initiatives.
4. Implementation: This refers to the process of putting strategic plans into action. For example, a company may need to develop a detailed implementation plan for launching a new product or entering a new market.
Overall, these four types of strategic issues are important for organizations to consider in order to effectively plan and execute their strategic initiatives.
Learning Objectives
- Explain the methodology behind pinpointing an organization's fundamental strengths and key strategic concerns.
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