b. As a Strategy Manager at the Kweneng District, you've been tasked to implement the Thuo Letlotlo strategy, justify the five (5) steps of the process. Hint: Your role is to Translate Strategic Plans into Action Plans (10 marks)
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- 2.2: Incentive a. What is an incentive strategy b. what are 3 advantages of the incetive strategy in business?Strategic Focus Discipline AnalyticalRestorative Choose an initial goal:1. Is this goal action-oriented or outcome-oriented? Identify either or both.2. Is your goal S.M.A.R.T.? Add details to help you succeed.Specific:Measurable:Achievable:Realistic:Time-bound: List the top five strengths and then describe how each one will be used to achieve a goal Choose a new goal to setIs there any relationship between the four functions of management? Explain your answer.
- 1. The Importance of Planning: 000 Planning is a fundamental aspect of achieving goals and objectives. Whether in personal endeavors or professional projects, a well-thought-out plan provides a roadmap for success. It helps in organizing tasks, allocating resources efficiently, and anticipating potential challenges. Without a solid plan, individuals and organizations may find themselves navigating through uncertainty and facing unnecessary hurdles 2. Strategic Planning in Business: In the business world, strategic planning plays a pivotal role in shaping the future of an organization. It involves setting clear goals, identifying key performance indicators, and formulating strategies to achieve them. A well-crafted business plan not only guides day- to-day operations but also facilitates adaptability in a dynamic market. How do successful businesses strike a balance between detailed planning and the need for flexibility in today's fast-paced environment? 3. Personal Planning…What are multiple goals? What is a goal hierarchy? How are these concepts related?➤What are the foundations of strategic competitiveness? ➤What is the strategic management process? ➤What types of strategies are used by organizations? >How are strategies formulated? ➤What are current issues in strategy implementation?
- 10- Which is the option that means effectiveness as proposed by Peter F. Drucker? a. Ability to set the right goals b. Ability to choose the goals c. Ability to do the things right d. Ability to do the right thingsDIRECTION: CREATE A BUSINESS PLAN SUITABLE FOR THIS PANDEMIC IN THE PHILIPPINES USING THIS TEMPLATE BUSINESS OVERVIEW OUR VISION OUR MISSION THE SERVICE WE PROVIDE MARKET ANALYSIS WHO WE ARE TARGETING THE PROBLEM WE ARE SOLVING OUR COMPETITORS OUR COMPETITIVE ADVANTAGE MARKETING AND SALES PLAN MARKETING CHANNELS MARKETING MATERIALS CUSTOMER INCENTIVES STAFF REQUIREMENTS/TRAINING KEY OBJECTIVES AND SUCCESS METRICS OBJECTIVES WE PLAN TO ACHIEVE IN A GIVEN TIMEFRAME AND HOW THEY'LL BE MEASURED 1. 2. 3.Explain the quotation in 60 words "The planning process both includes goal-making and strategy-making."