Define strategic planning and the various specific purposes


1. Define strategic planning and the various specific purposes (7) of a strategic plan.

2. List the 5 steps that must be considered in the creation of a successful strategic plan.

3. Describe the two types of external trends (OT) and give an example of each.

4. Describe the two types of internal trends (SW) and give an example of each.

5. Explain “gap analysis” in the context of strategic planning

6. Explain what “Leverage” is in the context of gap analysis

7. Explain “Constraint” in the context of gap analysis

8. Explain “Vulnerability” in the context of gap analysis

9. Explain “Problem” in the context of gap analysis

10. Define “Mission Statement” and “Vision Statement” so that I can tell that you understand the difference.

11. Strategic Planning leads to a choice of 6 kinds of choices in Performance Management System Design? What are these 6 sets of choices?

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Operation Management: Define strategic planning and the various specific purposes
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