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Essay On Contributions Of Swot-Analysis To Strategic Management
Coursehero eba 4498 assignment week 5 Strategic Plan Part 2 external and internal analysis tools to conduct a SWOT analysis
Essays on the importance of SWOT analysis in strategic planning
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Analyzation of the Department of Motor Vehicle’s Strategic Plan
When I first began writing about the strategic plan of the Department of Motor Vehicles (DMV), I did not reflect on the framework involved in creating the plan, such as Core Value Strategy Model; SWOT Analysis Model; Five Forces Framework; and Creating Public Value Strategy Model. However, going into the assignment, I knew that the department had goals and a plan to achieve the goals (strategy) which resulted in an outcome. This course taught me about elements of the Core Value Driven Strategy Model which pulls from different elements of a strategic plan. Now, I can revisit the strategic plan and analyze the following:
Core Value Strategy Model
Core Values – The DMV begins their
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I can identify the assets that help in achieving the outcome. The DMV’s strategic plan discusses the function of their Administrative Services division that focuses on budgetary and fiscal management and contract and procurement and states that “annually, the DMV collects and tracks over $7 billion in revenue which is distributed to other state agencies, local government, and California’s General Fund”. In addition, the strategic plan identifies how allocated fund are divided amongst other state and local government: “General Fund, 0.68%; Environmental Agencies, 0.52%; Department of Justice, 0.35%; Local Government (Cities/Counties), 41.54%; California Highway Patrol, 27.32%; Department of Motor Vehicles, 14.60%; State Highways (CalTrans), 13.20%; Air Resources Board, 1.76%; and Other State Agencies, …show more content…
Strengths: Based on the strategic plan, the strengths rely on “being a trusted leader in delivering innovative DMV services; having a skilled and dedicated workforce; eliminating the opportunity for fraud, and to create a culture of integrity, honesty, and transparency; and the ability to pursue business processes and technological changes to ensure the sustainability and modernization of our current systems”.
Weaknesses: The weakness of the Department is fraud.
Opportunities: Some of the opportunities entails “enhancing customers interactions with DMV by implementing innovative tools and technology; obtain a talented workforce, provide opportunities for growth and leadership, and invest in a culture that maximizes the knowledge, experience, and diversity; enhance DMV’s awareness and knowledge of fraud and implement measures to detect, investigate, and eliminate fraud; business processes and technological changes to ensure the sustainability and modernization of our current systems; and design and maintain facilities to deliver outstanding service to customers and
High traffic fees and fines quite often cause financial difficulties for the lower class. Transportation has become a necessity over the past one hundred years. Unfortunately with the constant improvements in vehicle technologies the cost of owning and maintaining a vehicle has constantly increased. Going hand in hand with these vehicle improvements the California Vehicle Code (CVC) has become extensive, covering every possible driving mistake with a traffic infraction. Following these changes the California Department of Motor Vehicles (DMV) has constantly grown to cover the needs of the 27 million vehicles (DMV update 1998, 3) owned in the state with high vehicle registration fees and traffic fines.
The strategic capabilities that were identified are the functions, skills and values but there are also three critical functions that have been identified; setting Danis’ objectives, the quality of service that is offered, and the ability to solve problems.
One of the most apparent issues in California lies in the deficits that are caused by no other explanation than the irresponsible spending. California is all about taxes, and they will raise taxes as much as they can and to whomever they can. According to Chuck DeVore in “Texas vs. California,” Governor Brown is an advocate for higher taxes, resulting in the cost of $6.9 billion per year, tax-hike plans are being devised by the state’s government-employee unions—those of which have no problem blowing tens of millions of dollars during the elections in order to ensure their hold on power. From these facts it is justifiabl...
A strategic analysis provides an examination of both the internal and external factors impacting on the organisation (Papulova & Gazova, 2016). City
A strategy map provides a uniform and consistent way to describe that strategy, so that objectives and measures can be established and managed. The strategy map provides the missing link between strategy formulation and strategy execution. (Norton and Kaplan, 2004 *1) Furthermore, DC won't only focus on the financial report; they also manage by human resource and other strategic elements. Also, any of the above financial calculations or assumption could bring the wrong settlement or the expectations will be seriously biased.
The Highway Administration Program was concerned with the repair of the worn out roads in the country during the winter period. This owed to the falling of snow on the roads that made activities such as driving and transportation very difficult to the citizens of the country.
Fast Company,(139), 69-70,73,16. Retrieved from Research Library. Document ID: 1870795761. Wheelen, Thomas L. & Hunger, J. David, (2010). Strategic management and business policy.
Dynamic strategic management encompasses the approaches, tools and activities organizations utilize to determine direction, increasing the likelihood of organizational goal attainment. It is an approach that suggests organizations operating in uncertain environments require a flexible plan to minimize risk and take advantage of opportunity As a tool developed to analyze a firm’s position within its operating environment, a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis provides insight into how internal and external factors are inhibiting or facilitating advancement toward reaching organizational objectives within a dynamic environment. This paper aims to understand how a SWOT analysis assisted the Calgary International Airport Authority create a competitive business plan for their future in an uncertain environment.
Strategic management Toyota case study. 2013. Strategic management Toyota case study. [ONLINE] Available at: http://www.slideshare.net/ArioArdianto/strategic-management-toyota-case-study-27410014. [Accessed 15 December 2013].
Strategic planning consist of four steps starting from defining the company’s mission. When talking about a mission were talking about a certain phrase or slogan for say, that is intended to draw attention to customers and make them want to be even more loyal to the company. For example Walmart says, “Save money. Live Better”. Therefore, Walmart’s mission would be to let people know that they have low prices all day every day, insinuating that their products are affordable for everyone. This is a good mission because it gets the majority of the people in this world to want to go out and save money on their everyday necessities and even luxuries. The second step would be to set certain objectives and goals for the company as well. For example, CVS did use “Health is everything” as their mission and this didn’t just set out for a name it became a goal as well. Sooner or later you must set goals on your mission to understand the level that you need to get to and reach. Another example of a goal that I believe CVS set was to start selling healthier products. In the chapter it says that CVS stopped selling tobacco and other products that
• Hitt, Michael A; Hokisson, Robert E.; Ireland, RD. Strategic Management. 6th Ed., Masson, Ohio: Souht. Wester 2005.
Organizational changes are constant in both the public and private sector. Some changes are small and easily managed and others are large scale vision changes. With organization-wide changes, such as a redirection in the organizations vision, strong creative leaders are needed to ensure the vision is sold to the employees and that the change is implemented smoothly. The Virginia Department of Corrections (VADOC) has recently changed visions to strengthen the way we create long term public safety. This change in mission and vision statements was a smooth process but has not been implemented without its share of issues.
There are various schools of strategy that have been vigorously debated on and after a consolidated effort; three schools of strategy were produced. They are the planning school, the positional school, and the resource based school of strategy (Ritson, 2013). All these strategies will be described with examples to buttress each.
The key role in solving strategic tasks belongs to strategic planning, which is the process of developing and maintaining strategic balance between organization’s goals and resources in the changing market environment. The purpose of the strategic planning is to determine the most promising fields of activity providing its growth and prosperity. Strategic planning is a component of a broader concept “strategic management”. All four management functions (planning, organizing, leading and controlling), when talking about strategic management include strategic orientation. When viewing strategic planning from the highest level possible within a company, the planning function is the area that stands out as the most important area which involves a great deal of development and focus.
Additionally, understood the strategy implementation, actions made by firms that carry out the formulated strategy, including strategic controls, organizational design, and leadership. environmental