Strategic Planning: Objectives and Macro Environment

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Questions and Answers

Which aspect is NOT typically encompassed within the scope of strategic administration?

  • Formulating strategies
  • Analyzing the external and internal environment
  • Day-to-day operational tasks (correct)
  • Maintaining the company as a whole within its environment

When implementing strategic planning, what is the initial consideration for a company?

  • How quickly changes can be implemented
  • Factors that are taken into account in the macro environment (correct)
  • The external orientation of environmental factors
  • The impact of globalization on its competitive strategies

How does strategic planning primarily benefit an organization, based on the information provided?

  • By strictly adhering to a pre-set path regardless of market changes
  • By isolating the organization from external influences to maintain internal focus
  • By prioritizing short-term gains over long-term sustainability
  • By unifying, integrating, and giving coherence to the decisions it makes (correct)

What is the role of strategic objectives within an organization's broader planning framework?

<p>To ensure the organization's permanence (B)</p> Signup and view all the answers

What role does strategic planning play in guiding a company?

<p>It offers a guide on the path the company wants to take (D)</p> Signup and view all the answers

Which of the following best describes the purpose of strategic activities, as highlighted?

<p>To sustain a position that sets a company apart in the market (C)</p> Signup and view all the answers

According to the document, what is the typical timeframe for strategic planning?

<p>5 years (A)</p> Signup and view all the answers

In strategic planning, what does the acronym PND refer to?

<p>A long term development plan. (D)</p> Signup and view all the answers

During which phase of strategic planning should a company define its mission, vision, and objectives?

<p>The establishment phase. (B)</p> Signup and view all the answers

Which of the following is an example of an opportunity within a SWOT analysis?

<p>External aspects that can favor the organization (A)</p> Signup and view all the answers

Within a SWOT analysis, what does the 'threats' component primarily address?

<p>Environmental forces that negatively affect the company (C)</p> Signup and view all the answers

In a SWOT analysis, what does the 'strengths' component refer to?

<p>Distinct advantages a company has (B)</p> Signup and view all the answers

What does the 'weaknesses' component of a SWOT analysis generally include?

<p>Internal functions that are inefficient or lacking (A)</p> Signup and view all the answers

What must a strategy have to be successfully implemented, according to the document?

<p>Support of an organizational structure (B)</p> Signup and view all the answers

What elements are encompassed within the organizational requirements for successful strategy implementation?

<p>Technology, resources, information systems, organizational culture, and leadership (C)</p> Signup and view all the answers

After implementing a strategy, what is the function of strategic control within an organization?

<p>To support administrators assessment of progress and correct any deviations (D)</p> Signup and view all the answers

In today's rapidly evolving business environment, what approach should companies take toward strategic planning?

<p>Adopt a methodology that considers the unique needs of each company (D)</p> Signup and view all the answers

In the context of food safety, as it relates to HACCP, what is the definition of 'Inocuidad Alimentaria'?

<p>A preventive control system for food that ensures its safety. (D)</p> Signup and view all the answers

According to the information, what is the aim of HACCP (Hazard Analysis and Critical Control Points)?

<p>To identify and control potential hazards in food production (C)</p> Signup and view all the answers

According to the HACCP, what happens if a food does not provoke any harm?

<p>It's said to be 'inocuo'. (D)</p> Signup and view all the answers

Flashcards

Strategic Planning

A long-term process dedicated to maintaining a company by analyzing its external and internal environment, formulating strategies, and implementing controls.

External Orientation

External conditions or influences that can impact the organization's strategy and operations.

Strategic Objectives

Unify, integrate, and coherence in activities to achieve goals, guiding decision-making with external focus.

Strategy Definition

Aimed at differentiation, involves choosing activities to establish a unique, sustainable market position.

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Levels of Planning

Operational (CP), Tactical (MP), Strategic (LP)

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Strategic Plan

A plan to achieve business objetives, include stages; Diagnostic analysis, Objectives and Strategy Selection, Implementation and Control.

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Opportunities

External aspects offering growth, new markets, or increased efficiency.

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Threats

External, negative forces or potential threats to strategic goals.

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Strengths

Internal strengths that enable to achieve goals.

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Weaknesses

Internal limitations or weaknesses that hinder strategic goals.

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Strategical Control

A system for verifying strategic plans progress, allowing administrator to correct when it deviates.

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HACCP

Identifies and evaluates hazards, and establishes controls to ensure food safety.

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Food Security

A proactive approach to food safety which includes reducing damages to consumers.

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Food Innocuity

Guaranteeing that food will not harm consumers when prepared or consumed as intended.

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Food Hazard

A biological, physical, or chemical agent that can compromise food safety.

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Benefits of Implementing HACCP

Enhances consumer trust, ensures food safety, and reduces inspection needs, leading to cost.

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Study Notes

  • Strategic Planning is a long-term process.
  • It's the continuous, systematic, and strategic administrative process dedicated to maintaining the company as a whole in its environment.
  • Its development involves analyzing the external and internal environment, formulating strategies, and their implementation and control.

Factors to Consider (Macro Environment)

  • Globalization should be considered.
  • International competition needs to be taken into account.
  • Fluctuations in the exchange rate can have an impact.
  • Insecurity needs to be considered.
  • Has a strong external orientation, focusing on environmental factors.
  • Strategic planning is a set of elements that unify, integrate, and give coherence to decisions.
  • This includes external guidance, assuming substantial premises of the organization.

Strategic Objectives

  • These include short, medium and long term goals.
  • They are focused on the permanence of the company.
  • They includes sales targets.
  • Strategy involves identifying the set of activities that allow a company to establish a sustainable difference in the market.
  • This difference must arise from the activities that distinguish it, as well as how they are carried out.

Planning Levels

  • Strategic Planning (LP): 5 years, long term.
  • Tactical Planning (MP): 2-3 years, medium term.
  • Operational Planning (CP): 1 year, short term.

Strategic Plan Stages

  • The strategic plan consists of 6 stages.
  • 1st Stage (PND): National Development Plan, which includes government commitments.
  • Establish the mission, vision, and objectives to guide the company's desired path.

Stage 2

  • Analyze opportunities and threats.

Opportunities

  • These are external aspects of the organization that can turn into advantages.
  • Examples include market growth, export opportunities, incentives, and credit facilities.

Threats

  • These are environmental forces that represent negative and potentially harmful factors.
  • Examples include competition, substitutes, import restrictions, and taxes.

Stage 3

  • Conduct an analysis of internal strengths and weaknesses.

Strengths

  • These are functions, skills, and favorable resources.
  • Quality.
  • Economies of scale.
  • Trained personnel.
  • Innovation.
  • Entrepreneurial philosophy.
  • Customer service.

Weaknesses

  • These are inefficient activities that hinder proper functioning.
  • High production costs.
  • Resistance to change.
  • Lack of planning.
  • Lack of training.
  • Obsolete technology.

Stage 4

  • Conduct a SWOT analysis and formulate strategies.
  • The analysis lists external opportunities and threats, and internal strengths and weaknesses.
  • It also looks at strategic options, such as maximizing strengths while minimizing weaknesses and threats.

Stage 5

  • Implement the strategy.
  • The strategy should have the support of the organizational structure, technology, resources, information systems, organizational culture, and leadership.
  • In general, the implementation includes 3 stages: Introduction, Development, and Consolidation.

Stage 6

  • Strategic Control needs to be implemented.
  • This involves developing a strategic control system to support managers in evaluating the progress of the organization in respect to its strategy.
  • The system should also permit correcting deviations when they arise.
  • Implementation of a strategic plan is necessary for managers and members of an organization.
  • Applying this methodology should contemplate adapting it to the needs of each company.
  • There is no magic formula for success applicable to all organizations.
  • To be successful, strategic plans need to be: Specific, Measurable, Achievable, Relevant, and Time-bound (SMART).
  • Strategic Control Event is March 28.
  • Topic: Strategic Administration - HACCP.
  • Analyzing points and identifying critical control points (APPCC - HACCP).

Food Safety

  • Definition: It is a proactive system of food control whose main objective is to guarantee food safety.
  • Security is not delegated in the producer.
  • Examples include Macerated Cherries.
  • Innocuous (Incuo) = does not damage.
  • Food safety: It's the guarantee that food does not harm the consumer, provided of agreement to the use to be destined for.
  • Hazard: (biological, physical, chemical).
  • Agent of biological, physical or chemical nature or condition of the food that is potentially capable of causing damage to the consumer's health.

Background Checks

  • 1950: T-Q.M. Dr. Deming, created fabrication, quality &
  • He avoids unnecessary expenses, reduces costs in production, and materials.
  • 1960: Pillsbury Company; U.S. Army; NASA produced safe food for the space program.
  • It takes in count the sources of food could the principal cause of illness in the astronauts.
  • The company adopts the HACCP system to reduce errors in the final produce.

Benefits of implementing the (FAO) system

  • Increase consumer confidence.
  • Ensure food safety.
  • Comply with legal requirements.
  • Reduce the need for inspection and analysis of finished products.
  • Use of resources.
  • Cost reduction.

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