How do an organization’s vision, mission, and goals affect its approach to strategic management and measurement? Discuss how top management teams affect a firm’s performance and its ability to innovate, design, bring about effective strategic change.
Business metrics or key performance indicators (KPIs) are useful in determining the success of change management efforts by providing a measurable value against which the company can then compare its desired business goal or outcome. Research three business metrics and describe how each is used to measure performance and how a business can use the results from each metric to improve its performance.
Discuss how the material you have learned in this course can be applied to creating a strategic plan for your life, personal goals, professional career, etc. What would that plan entail? Would you need to conduct a SWOT analysis or perform an environmental scan? Describe how you can apply strategic management principles to your personal plan.
Discuss how your personal core competencies help you create value for the business where you work, your life, your school, or your family. What can you do to expand or improve your core competencies?
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