2007.62.71 © 2010 Academic Journals Inc. Impact of Strategic Planning on Organizational Performance and Survival* Akinyele Samuel Taiwo and Fasogbon Olufunke Idunnu Department of Business Studies‚ Covenant University‚ Ota‚ Nigeria Abstract: The study examined the impact of strategic planning on organizational performance and survival. The effectiveness of strategic planning can be measured in terms of the extent to which it influences organizational performance‚ which affects its survival rate. The
Premium Strategic planning Strategic management
Organizational Strategies for Quality Assessment and Improvement The Institute for Safe Medication Practices (ISMP) Ambiguous medical notations are one of the most common and preventable causes of medication errors (Grissinger & Kelly‚ 2005). Drug names‚ dosage units‚ and directions for use should be written clearly to minimize confusion. The Institute for Safe Medication Practices (ISMP) and the Food and Drug Administration recommend that error-prone abbreviations are considered whenever medical
Premium Pharmacology Patient safety Medicine
Describe the organization‚ the inventory problem it faces‚ and the expected benefits that are motivating the organization to implement a solution. Wal-Mart organizational structure is a strict masterpiece of detailed task and reporting. This allows Wal-Mart motivate‚ control‚ and coordinate employees to achieved one common goal. Wal-Mart has up to eight basic organizational structure types. Wal-Mart has a distinctive way of pulling the components into one structured outline to expose the necessary
Premium
INTERNATIONAL JOURNAL OF SCHOLARLY‚ ACADEMIC‚ INTELLECTUAL DIVERSITY VOLUME 14‚ NUMBER 1‚ 2011 Organizational Structure: Mintzberg’s Framework Fred C. Lunenburg Sam Houston State University ABSTRACT Henry Mintzberg suggests that organizations can be differentiated along three basic dimensions: (1) the key part of the organization‚ that is‚ the part of the organization that plays the major role in determining its success or failure; (2) the prime coordinating mechanism‚ that is‚ the major
Premium High school Organizational structure Organization
competitive marketplace‚ organizations need a strategy to help them stay focused. In setting the course for the company‚ management needs to identify where they are now and where they want to go (Kerin‚ 2004). Once these questions are answered‚ Kerin suggests that secondary questions emerge on resource allocation‚ converting the plan into action‚ and revising the plans‚ if necessary‚ the basis of the Strategic Marketing Process. The Planning Phase Strategic marketing planning examines three areas: their
Premium Marketing Strategic management
shop floor scheduling? Q3: How is the adoption of SAP viewed by (a) production staff‚ (b) IT staff and (c) the management? Q4: Can a standard software system like SAP give adequate computer support to an individually designed business management system? Take a stand‚ and give some rationale for your position. Make-to-order (MTO) is a business production strategy that typically allows consumers to purchase products that are customized to their specifications. MTO strategy only manufactures the end
Premium Planning Enterprise resource planning Management
(USMF). Spare bonds can be sold on the open market at a profit or surrendered to the government to obtain duty-free options. The use of black money in this system will not generate the same amount of revenue in subsequent years. What remedies are available to the government? The government will invest black money or extra cash in high-tech companies‚ big business‚ and land reforms‚ and it will receive a profit from these investments every year. Therefore‚ the government
Premium Tax United States dollar Indirect tax
In today’s dynamic environment‚ there are many variables that contribute to the success or otherwise of a company. Nonetheless‚ there are commonalities which can be drawn across successful businesses. Before delving into management theories and financial determinants‚ I would like to define viability as a company’s longevity‚ its perseverance through economic fluctuations and political shifts‚ and affluence as its ability to grow and prosper despite external restructuring whether in the markets‚
Premium Management Cash Economics
TITE: Strategic Operations Issues ASSIGNMENT TOPIC: Using your own organisation‚ identify a strategic operations issue or problem that needs to be addressed. WORD COUNT: 2545 EXECUTIVE SUMMARY: Lean Synchronisation is a growing trend as the market becomes increasingly competitive due to customer’s/client’s expectations that a product or service be provided instantaneously. This analysis considers the application of lean synchronisation principles to the simple process of signing out
Premium Insurance Process management Business process management
that influence the selection of an Organizational Structure The first factor that I think has an influence on selecting an Organizational Structure would be strategy. Strategy determines how an organization is going to position itself in the market in terms of its products. There are two types of strategy: differentiation and cost-leadership. Differentiation strategy is when an organization wants to have the newest and best product. Cost-leadership strategy is when the organization produces
Premium Management Organization Economics