16 Jul DESCRIBE ANY EXPERIENCE YOU MAY HAVE WITH THIS TYPE OF STRATEGIC PLANNING.
Unit 4 Discussion: Objectives and PoliciesAnnual objectives are short-term milestones that organizations must achieve in order to reach long term objectives. Annual objectives are operational in nature action plans. These objectives must be measurable and clearly stated.Policies are the means by which a company achieves annual objectives. Policies are the guidelines, rules, procedures and methods that support objectives. Policies let every employee and manager know what is expected of them. In short, you cant meet annual objectives unless you have policies to back them up!In the Unit 2 forum, you defined long term objectives and strategies for obtaining your dream vocation. Note: Refer to Figure 7-2 on page 216 of your textbook for an example of annual objectives and to Table 7-3 on page 218 for a hierarchy of policies.Discussion QuestionsFor this discussion forum, respond to the following:Refresh our memory as to your dream job and your long term objectives (as you described in Unit 2).Write three annual (or short-term) objectives that you would use in the effort to meet the long term objectives.Identify at least one policy that will help you to achieve each of the three long term objectives.Justify and explain your decisions.Describe how you will communicate these objectives and policies.PART 2 At ECPI College of Technology we have a very large military population of both students and instructors. Quite a few of you may be active duty or retired; perhaps you just left the military after actively serving.There is a very strong relationship between business strategy and military strategy. As your textbook states on page 19, terms such as objectives, mission, strengths, and weaknesses were first used in a military setting. In fact, the word strategy originates from the Greek word strategos (stratus the army and ago to lead).Although business deals with competition and the military deals with conflict, both are based on competitive advantage. Both capitalize on strengths and opportunities and minimize weaknesses and threats. Both deal with change and the element of surprise.The similarities between military and business strategy can be seen in Sun Tzus The Art of War and in the Comprehensive Strategic Management Model. Excerpts from Sun Tzus writings are found on page 20 of your textbook and more in depth on the website:www.sonshi.com/learn.html (Links to an external site.)Links to an external site.The Comprehensive Strategic-Management Model is located in Chapter 9, page 287, of your textbook.In this last discussion forum, lets map the differences and the similarities between military and business strategy. In your post, identify one point that is similar or different. Explain how or why these similarities or differences occur. Evaluate how you might use or have used this information in your career path.When you reply to your classmates, comment on their point of difference or similarity. Describe any experience you may have with this type of strategic planning. Since this is our last forum, only two replies are needed for maximum scores.Unit 4 Discussion: Objectives and PoliciesAnnual objectives are short-term milestones that organizations must achieve in order to reach long term objectives. Annual objectives are operational in nature action plans. These objectives must be measurable and clearly stated.Policies are the means by which a company achieves annual objectives. Policies are the guidelines, rules, procedures and methods that support objectives. Policies let every employee and manager know what is expected of them. In short, you cant meet annual objectives unless you have policies to back them up!In the Unit 2 forum, you defined long term objectives and strategies for obtaining your dream vocation. Note: Refer to Figure 7-2 on page 216 of your textbook for an example of annual objectives and to Table 7-3 on page 218 for a hierarchy of policies.Discussion QuestionsFor this discussion forum, respond to the following:PART 2 At ECPI College of Technology we have a very large military population of both students and instructors. Quite a few of you may be active duty or retired; perhaps you just left the military after actively serving.
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