Strategy Formulation and Planning
For this submission you will be asked to submit your third
blog entry about another important aspect of the strategic management process
and to provide examples based on current events pulled from recent articles
from reputable sources (such as a major national news source like the NY Times,
Business Week, etc.).
Recall that the main article(s) for each of your blog
entries must be no older than 4 months old. If you use an older article as your
primary focal article, you will be asked to redo the assignment. You may, of
course, use older sources to support your discussion but the article serving as
the main focus of your paper must be recent.
For your third SLP discuss the importance of the strategy
formulation and planning phase. Identify one recent article that identifies a
recent major strategic effort on the part of an organization. What would you
have recommended if you were sitting at the strategy planning table? Examples
of such an effort might include mergers, buy-outs, sell-offs, introduction of innovative
products, strategic marketing campaigns …and the like.
Discuss to what extent you believe this effort will succeed
given the organization’s external environment. What is the take-away for your
reading audience? That is, what strategic planning lessons can be learned from
the situation you highlighted in your blog entry?
