The Role of Strategic Planning in Business Success
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
The Role of Strategic Planning in Business Success
Strategic planning is the process of creating a clear vision for the future of a business and developing a plan to achieve that vision. It is a crucial element of business success, as it helps businesses to set goals, to identify opportunities, and to navigate the ever-changing business landscape. Here are some of the key ways in which strategic planning can help businesses to achieve success:
Setting goals: Strategic planning enables businesses to set clear and measurable goals for the future. This helps businesses to stay focused and to work towards a common objective. Setting specific, measurable, achievable, relevant, and time-bound (SMART) goals is a key element of strategic planning.
Identifying opportunities: Strategic planning also helps businesses to identify opportunities for growth and expansion. This can include identifying new markets, developing new products or services, or entering into strategic partnerships. By identifying opportunities, businesses can stay ahead of the competition and continue to grow.
Navigating change: The business landscape is constantly changing, and strategic planning can help businesses to navigate these changes. By regularly reviewing and updating their plans, businesses can adapt to changes in the market and take advantage of new opportunities.
Allocating resources: Strategic planning also helps businesses to allocate resources effectively. By setting clear goals and identifying opportunities, businesses can determine where to focus their efforts and resources in order to achieve the greatest return on investment.
Building a strong team: Strategic planning also helps businesses to build a strong team of employees. By clearly communicating the goals and objectives of the business, businesses can attract and retain the right people who have the skills and experience necessary to support growth.
Effective Strategies for Strategic planning is the process of creating a clear vision for the future of a business and developing a plan to achieve that vision. It is a crucial element of business success, as it helps businesses to set goals, to identify opportunities, and to navigate the ever-changing business landscape. Here are some of the key ways in which strategic planning can help businesses to achieve success:
Setting goals: Strategic planning enables businesses to set clear and measurable goals for the future. This helps businesses to stay focused and to work towards a common objective. Setting specific, measurable, achievable, relevant, and time-bound (SMART) goals is a key element of strategic planning.
Identifying opportunities: Strategic planning also helps businesses to identify opportunities for growth and expansion. This can include identifying new markets, developing new products or services, or entering into strategic partnerships. By identifying opportunities, businesses can stay ahead of the competition and continue to grow.
Navigating change: The business landscape is constantly changing, and strategic planning can help businesses to navigate these changes. By regularly reviewing and updating their plans, businesses can adapt to changes in the market and take advantage of new opportunities.
Allocating resources: Strategic planning also helps businesses to allocate resources effectively. By setting clear goals and identifying opportunities, businesses can determine where to focus their efforts and resources in order to achieve the greatest return on investment.
Building a strong team: Strategic planning also helps businesses to build a strong team of employees. By clearly communicating the goals and objectives of the business, businesses can attract and retain the right people who have the skills and experience necessary to support growth.
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
|
|
GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
|
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME]and Have It Done by Our PhD Qualified Writers!! |
|
|
The Role of Strategic Planning in Business Success
PLACE THE ORDER WITH US TODAY AND GET A PERFECT SCORE!!!