1 How do an organization’s vision, mission, and goals affect its approach to strategic management and measurement? Discuss how top management teams affect a firm’s performance and its ability to innovate, design, bring about effective strategic change.
2 Business metrics or key performance indicators (KPIs) are useful in determining the success of change management efforts by providing a measurable value against which the company can then compare its desired business goal or outcome. Research three business metrics and describe how each is used to measure performance and how a business can use the results from each metric to improve its performance.
3 Discuss how the material you have learned in this course can be applied to creating a strategic plan for your life, personal goals, professional career, etc. What would that plan entail? Would you need to conduct a SWOT analysis or perform an environmental scan? Describe how you can apply strategic management principles to your personal plan.
