A Strategic Plan
For
EA INC
Prepared by: Andrew Famogun
Email Address: afamogun@email.uophx.edu
Date: 10/10/05
Strategic planning is the set of decisions and actions that result in the design and activation of strategies to achieve the objectives of an organization.
Why plan? Effective planning leads to:
Improved decision-making
Higher profitability
Lower risk
Strategic planning begins by addressing the following three questions.
Where are we? (External analysis, internal analysis, and competitive analysis)
Where are we going or want to go? (Mission statement, long-term objectives)
How do we get there? (Strategy formulation corporate level, business unit level, and functional level)
Specificity facts and data are better than general statements. Be as specific as possible in researching all aspects of strategic planning. Personal opinions, beliefs, values, and thoughts are worth little without justification. To paraphrase a comment in a......
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Approximate Word Count: 772
Approximate Pages: 3 (260 words per double-spaced page) |