1) Discuss the value of strategic planning to the performance outcome measuremen
ID: 427161 • Letter: 1
Question
1) Discuss the value of strategic planning to the performance outcome measurement process? Why is it so often neglected or marginalized? How can managers, leaders, and administrators ensure its relevance and integration?
2) Has Management by Objectives (MBO) been effectively integrated and employed in the public and nonprofit sectors? Why or why not? Furthermore, how integral is program evaluation in the outcome measurement process?
3) Is the process for integrating and utilizing performance outcome measurement similar in grants and contract programs, or does it differ? Should that process be exactly the same? Why or why not?
4) How important is citizen/customer/stakeholder feedback (and integration of that feedback into the decision making culture) to the outcome measurement process and overall organizational health and success in the public and nonprofit sectors?
5) How can public managers, administrators, and leaders ensure that performance outcome measurement plans and strategies are employed, integrated, and respected in their organizations? What challenges do they face and how can they overcome them?
Explanation / Answer
A process of creating a set of different steps which increase the company's financial status as well as driving the companies economic departments is called strategic management of the company. How company is going to be in different kind of working environment and by working in different environment how the company is producing benefits by using proper strategies over the economical as well as the financial system is the main job of strategic management for a company.
A structured process to overcome different problems or to create an efficient and productive working pattern by achieving their main goal is called a strategy.
By introducing the strategic management to the Hi-Tech Industry we can easily forecast the upcoming problems and can also create a problem tackling capability. There are different forecasting system available which are also hi tech, so we can easily Use technology against the technology to compete more efficiently.Hence saying that formal strategic planning is a irrelevant for the Hi-Tech come would be wrong.
Organisational strategic management can be defined as a continuous effort of planning, monitoring, analysis as well as assessing internal factors of the company for achieving their goal. Strategic management for an organisation is very very important at as it defines the way of working as well as the goal efficiency of the organisation. Buy a proper strategic management a company can work more efficiently and produce better productivity with the same resources. Strategic planning can be done to define anything in the organisation from economics to the human resource management everything is based on strategic planning.
Stakeholders can be defined as a group of person or an organisation that is interested in other organisation and is directly affected by the organisations actions. Employees ,directors, owners as well as suppliers all the unions can be the stakeholders for a company. In other words, from where the company draws its resources its called the stakeholders.
Without stakeholders a company will fall and there will be no working staff available for the company. As there would be no working people available for the company there would be no financial support as well which would result in a non productive company. Hence stakeholders are very important for the firms.
By having a relationship with the stakeholders, it is meant that company has proper management as well as a valuable born between the company and its stakeholders. This relationship can be very complicated as well as very simple in terms of marketing strategy and they are the core drivers of a company.
P.S.- Please use seperate threads to ask multiple long questions in one go.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.