Simulation Reflection

This paper is a reflection on three simulations as each relates to strategic planning. The first simulation, Thinking Strategically, highlights the importance of environmental scan. The second simulation, Developing Grand Strategies, challenged decisions made for a keep company which lead to effective strategy formulation and choices. The third simulation, Creating a Strategic Road Map, provided a simulated experience of how to public figure a strategic roadmap focusing on the importance and potential of formulating action plans and goals. This reflective approach will convey the lessons lettered relative to the importance and effectiveness of the key learning points obtained finished each simulation. The challenges faced by strategic planners will be discussed from the discoveries of lessons learned in the three simulations. Environmental scanning provides the probability for detailed insight for a companys latest position as well as desired position in the manufacturing. Scanning discoveries provide the company with awareness to warnings signs of extraneous conditions facing competitors and the economy.

As shown in the simulation, Thinking Strategically, environmental scanning encourages a company to evaluate and promote an appropriate sight and an improved sense of direction for all stakeholders. The information self-contained in an environmental scan, also provides the company with prox trends data. This discovery information can warn company officials of the rising or declining of trends on the horizon. The simulation used a SWOT digest as an effective tool of environmental scanning. An analysis of strengths and weaknesses is obtained done internal sources, whereas, opportunities and threats information is obtained externally. All SWOT factors are vituperative for the companys successful strategy. Analyses of each including a matched dyad analysis are essential in determining the future prospects of the given industry and developing a specific industry niche.... If you want to get a full essay, order it on our website: Ordercustompaper.com

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