DQ In todays economic environment which of the five steps in the strategic planning process vision mission gap analysis smart goals monitoring do you think is the most important

DQ In todays economic environment which of the five steps in the strategic planning process vision mission gap analysis smart goals monitoring do you think is the most important

DQ In todays economic environment which of the five steps in the strategic planning process vision mission gap analysis smart goals monitoring do you think is the most important

Question: In Today’s Economic Environment, Which Of The Five Steps In The Strategic Planning Process (Vision, Mission, Gap Analysis, SMART Goals, Monitoring) Do You Think Is The Most Important? Give An Example Of An Industry Where This Would Be The Most Important Step. Do You Think That A Different Industry Might Place More Emphasis On Another Step In The Strategic

In today’s economic environment, which of the five steps in the strategic planning process (vision, mission, gap analysis, SMART goals, monitoring) do you think is the most important? Give an example of an industry where this would be the most important step. Do you think that a different industry might place more emphasis on another step in the strategic planning process? Why?

To reflect different interests of the stakeholders from the same group, we can define subgroups of the stakeholders. For a more technical explanation, check out Gilb’s glossary.

Stakeholders of BSC Designer

In case of BSC Designer, the five classical stakeholders look like this:

• Customers (see the subgroups below)
• Distributed team (instead of Employees)
• Technological and business partners (instead of Suppliers)
• Communities
• Founders (instead of Investors)

For the Customers group we define subgroups and their interests:

• Senior management team is interested in implementing a culture of strategy planning and execution, providing other stakeholders with a single source of truth about strategy.
• Strategy team is interested in facilitating strategy definition and description. The stakeholders from this group are looking for a strategy workspace where they can define goals, KPIs, and align various scorecards into overall strategy.
• Operational team is interested in executing strategy in a disciplined way by formulating specific initiatives, tracking progress with KPIs and ensuring accountability.
• Strategy consultants combine the needs of other customers. Additionally, they are interested in functionality to manage client’s scorecards.