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Question:
You are required to analyse some of the key components of strategy formulation process for your own organisation or an organisation with which you are familiar. In your report, you are expected to:
Clearly describe your chosen organisation and industry.
Critically evaluate the vision, mission and values statements of your chosen organisation, discuss their appropriateness and suggest improvements.(In case your selected organisation doesnt have any of these vision, mission or values statements at present, you are required to develop those statements for the organisation and discuss their appropriateness against relevant principles.)
Critically examine the existing strategic objectives of your chosen organisation and discuss their appropriateness while clearly stating how each of these strategic objectives will help the organisation in the accomplishment of their vision and mission discussed earlier and how these can be improved further. (In case your selected organisation doesnt have any strategic objectives at present, develop at least three new strategic objectives for the organisation and discuss their appropriateness against relevant principles.)
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