Explain the goals approach of measuring the effectiveness of implemented strategies and evaluate the five (5) main key indicators of this approach that you can use to measure the effectiveness of the implemented strategies.
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- Why is there a need for strategic management model? Justify your answerWhat are the various approaches and methods used in the process of establishing organizational goals ?Differentiate the following set of concepts Strategic Plan and Tactical Plan Vision and Goal Strengths, Weaknesses, Opportunities and Threats
- Explain how the planning process can add significantly to the delivery of customer value.Explain the importance of the allocation of resources to ensure execution of strategies for any businessIn this case study, we explore the meticulous planning and execution of a charity fundraising gala to support a local nonprofit organization. The gala aimed to raise funds for underprivileged children's education and healthcare. The organizing team faced the task of coordinating a luxurious evening event, complete with entertainment, fine dining, and silent auctions, all while staying within a limited budget. They also had to secure sponsorships, promote the event effectively, and ensure that all proceeds went directly to the cause. The study examines how the team managed to achieve their goals by leveraging volunteer support, creative cost-saving measures, and building partnerships with local businesses. Question: How did the organizing team balance the desire for an upscale gala with the need to maximize funds for the charity, and what strategies can be adapted for similar fundraising events with limited resources?