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The Strategic Planning Process Entails Developing Long-Term Organisational Plans

question 35

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The strategic planning process entails developing long-term organisational plans.A small team of managers and external consultants employed by Fun4You, a toy manufacturer, discovered that the organisation's competitors were mainly producing computer games and electronic toys for the seven-year-old to adulthood market.They also discovered that the parents of children under the age of five wanted toys for their children that were educational and developed their motor skills.As a result Fun4You decided on a strategic goal for the next two years of manufacturing educational toys for under-fives.This decision was based on:


Definitions:

Judgment

A cognitive process where conclusions are made based on criteria and evidence.

Self-governing

Having the ability or authority to rule, govern, or control oneself or an organization without external control.

Scope of Practice

The boundaries defining the extent of activities, services, and responsibilities a professional is permitted to perform based on qualifications, training, and licensure.

Paradigm

A paradigm is a distinct set of concepts or thought patterns, including theories, research methods, postulates, and standards for what constitutes legitimate contributions to a field.

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