Strategic Planning for GIFC
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This paper examines several steps that should be taken to help GIFC solidify its strategy for the future. These include the company setting specific objectives and the company's leadership determining the organization's weaknesses. The paper also suggests that GIFC become aware of external factors, such as competition and potential threats. Finally, there should be control over their financial resources. The paper concludes by noting that strategic planning is an ongoing process that must be continually exercised, measured and managed in order for the organization to meet its goals.
From the Paper:"They must also analyze their own weaknesses. These provide the constraints that they must either operate under or work around. For example, the company's capital situation prohibits them from pursuing multiple alternatives. All of their weaknesses and potential constraints must be known so that they do not pursue a course of action that they will not be able to execute."
Sample of Sources Used:
- No author (adapted from Porter, Michael). (2007). Porter's Five Forces. QuickMBA. Retrieved November 11, 2008 from http://www.quickmba.com/strategy/porter.shtml
- No author. (2007). The Strategic Planning Process. QuickMBA. Retrieved November 11, 2008 from http://www.quickmba.com/strategy/strategic-planning/
- Kyle, Bobette. (2008). SWOT Analysis - Evaluating Strengths, Weaknesses, Opportunities and Threats. WebsiteMarketingPlan.com. Retrieved November 11, 2008 from http://www.websitemarketingplan.com/marketing_management/SWOT.htm
Cite this Analytical Essay:
Strategic Planning for GIFC (2010, October 04) Retrieved April 19, 2021, from https://www.academon.com/analytical-essay/strategic-planning-for-gifc-144767/
"Strategic Planning for GIFC" 04 October 2010. Web. 19 April. 2021. <https://www.academon.com/analytical-essay/strategic-planning-for-gifc-144767/>