Summarize the threats and challenges you have identified within the current strategic plan.
Determine how to execute the strategic initiatives in order to address the threats and challenges.
Explain proposed process improvements.
Assess whether additional resources are needed.
Describe how resources should be used in the application of the strategic plan.
Utilize KPIs to justify the financial investment and to measure the success of the proposed improvements to the strategic plan.
Justify your recommendations based on anticipated Return on Investment (ROI).
Submit your assignment.
Among the difficulties I have encountered with the present strategic strategy are; absent ownership Feedback from all organizational departments and functional areas is necessary for a successful plan. However, someone must still be in charge of the ultimate formulation, recording, and execution of the strategy in order to prevent the formation of a disconnected strategic plan (Lucids, 2019). Lack of commitment and follow-through is one of the main problems with strategic planning, as attaining the objectives established throughout the process necessitates having a distinct focus and a dedication to priorities.According to my experience, an OKR (objectives and key results) structure works best for achieving this since each objective and key result has a specific owner who is in charge of seeing that they are carried out (Booth, 2017). Poor communication, which is at the heart of most issues, both corporate and personal, was another difficulty I encountered. One of the most important and difficult aspects of the process of strategic planning is effective teamwork. Even yet, it might be challenging to compile all the essential inputs, particularly as your firm grows. Cont
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