Business Finance
MGT601 Ashford University Strategic Planning & Decision Making Process Paper


ashford university

Question Description

In a four- to five-page paper (excluding the title and references pages), discuss the strategic planning process. In your paper:

  • Explain the basic steps in the planning process.
  • Describe the steps in the decision-making process, and predict how the personal attributes of the manager influence decision making.
  • Predict how the steps of the strategic planning process and the environmental factors that influence decision making impact the quality-productivity-profitability link.
Your paper must include in-text citations and references from at least three scholarly sources, in addition to the text, and be formatted according to APA style as outlined in the Ashford Writing Center (Links to an external site.).

Final Answer


Strategic planning outline

Overview of strategic planning

Strategic planning process

Getting ready

Articulation of corporate mission and vision

Situation assessment

Developing strategies

Writing a plan

Decision making process

Establishing requirement for a decision

Generating alternatives

Evaluating alternatives

Selecting an alternative

Implementing an alternative

Evaluating effectiveness of the decision

Personal attributes affecting decision making process

Past experiences

Cognitive biases


Socioeconomic status


Quality-productivity-profitability link

Strategic planning process

Environmental factors affecting decision making process

Bierman, L., Ferrell, O., & Ferrell, E. (2014). Management: Principles and Application.
Academic Media Solutions. Retrieved from
Haines, S. (2016). The systems thinking approach to strategic planning and management.
CRC Press.
Morden, T. (2016). Principles of strategic management. Routledge.
Wheelen, T. L., Hunger, J. D., Hoffman, A. N., & Bamford, C. E. (2017). Strategic
management and business policy (p. 55). Boston: pearson.



Strategic planning
Institutional Affiliation



Strategic planning
Strategic planning is an indispensable part of strategic management. It involves the
development of viable connections among an organization’s resources, environmental
conditions, and objectives by using a specific approach. It is, therefore, a strategic management
activity used to set the organization’s priority, ensure stakeholders are working towards a
common objective, strengthen a firm’s operations, and align the organization’s strategy with
changing the environment. Today, the success of an organization depends on its ability to
respond to the globalization and constantly changing environment in order to meet its business
needs. To achieve this, organizations need a strategic plan that strengthens its vision and mission.
A strategic plan is an organization’s roadmap that communicates an organization’s goals, tactical
plan, and business strategy designed during the planning exercise. A well-designed strategic plan
is a core component for organization success since it gives the management an opportunity to
measure the firm’s success rudimentary to long-term, operational, and tactical goals. Corporate
vision and mission guide the organizatio...

shellyt (18235)

Thanks for the help.

Outstanding. Studypool always delivers quality work.

Tutor was very helpful and took the time to explain concepts to me. Very responsive, managed to get replies within the hour.

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