Developing Strategies and Action Plans PREMIUM
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Learning SummaryDescription:
Strategy formulation involves identifying the strategies required to achieve the organization’s goals and objectives, and developing an actionable plan. This plan provides the organization with a roadmap for the planning horizon and will drive the allocation of economic resources during the budgeting process. In this module, we will explain the purpose of strategy formulation and show how to use the analysis of the operating environment in this process. We will explain how to establish strategies and action plans and how to differentiate between the two with real-world examples. Finally, we will present practical guidelines to conduct a successful strategy setting session.
Prerequisites:
The Planning and Budgeting Process, The Power of Strategic Planning, Analyzing Your Operating Environment
Who should complete this module:
Executives, mid-level managers, supervisors, entrepreneurs, business owners, and other professionals who are participate in the planning and budgeting process, as well as educators and students in management.Executives, mid-level managers, supervisors, entrepreneurs, business owners, and other professionals who are participate in the planning and budgeting process; CPA, CMA, CGMA, and other accounting professionals; educators and students in business and management accounting.
Learning Objectives:
In this module, you will learn to:
1. Define strategy formulation and its purpose in the strategic planning process.
2. Use strategic analysis in the strategy setting process.
3. Establish strategies and action plans.
4. Differentiate between a strategy and an action plan.
5. Conduct a successful strategy setting session.
1. Define strategy formulation and its purpose in the strategic planning process.
2. Use strategic analysis in the strategy setting process.
3. Establish strategies and action plans.
4. Differentiate between a strategy and an action plan.
5. Conduct a successful strategy setting session.
Competencies Acquired:
Learn how to identify the major strategies and action plans you need to achieve your organization’s goals and objectives.
Program Level:
Intermediate
Duration of Video:
10:32
CPE Credit:
0.5
Delivery Method:
QAS Self Study
Field of Study:
Finance
Additional Info:
For general information regarding our training modules, including practice exercises and assessments, or information on refunds, concerns and program cancellation policies, please see our Help section under the Resources menu.
Last Revision Date:
1 Dec 2020
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