Title: Class Outline 6
Course: KVCC BUS208 > Section: Class Outlines

a.      Formulating vs Implementation

b.      Components

a. Mission - gives purpose

b. Goals - targets for mission

c. Objectives - targets for goals

d. Strategy - actions and task leading to implementation

e. Implementation

1.      Four Activities of the Strategic Management Process

a.      Review and define the organizational Mission

b.      Analyze and formulate strategies

c.      Set objectives to achieve strategy

d.      Implement strategies through projects

2.      Organizational Mission

a.      What we want to become

3.      Analyze and formulate strategies

a.      What needs to be done to achieve objectives

b.      Other questions

a.      Who are the customers

b.      What are their needs as they see them?

c.      SWOT analysis

a.      Strengths - Internal

b.      Weaknesses - Internal

c.      Opportunities - External

d.      Threats - External

4.      Set objectives to achieve strategies

a.      Where we are headed and when we will get there

b.      SMART Goal setting

5.      Implement Strategies through projects

a.      How strategies will be realized

6.      Problems

a.      The implementation Gap

b.      Organization Politics

a.      Sacred Cow

c.      Resource Conflicts and Multitasking

7.      Portfolio management system

Attached Files: | - KVCC BUS208_ProjectMgmt_Outline 6.pdf