Choose an organization according to the following:

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User Generated

User

Yrzbyyba

Subject

Business Finance

Description

Choose an organization according to the following:

Current employer
Most recent or former employer
Place of business that you have patronized or have been familiar with over a long period of time.
- Avoid choosing an organization that is so large that historical data would be difficult to apply. Firms in the Russell 2000^® index may fit well, whereas firms in the Dow 30 Industrial index probably do not.
The organization can be a start-up that you or a significant other may create in the future. For a start-up, focus on an entrepreneurial idea that is of substantive interest, so this project leaves you with a product you may leverage in the future.

Write a 1,050-word paper in which you address the following:

Identify the major components of the strategic management process.
Discuss how these components work together to create value for the organization.
Evaluate the company's mission statement, vision statement, motivation strategy, innovation strategy, and people strategy. If the organization does not have one or more of these, how does that affect the organization and its people?
Explain the role of ethics and corporate social responsibility in strategic planning. How does this direct their strategy? How does the organization's vison and mission align with your own values and vision? If you are currently working for the organization, how does your role influence this and vice versa?

Format your paper according to APA guidelines.

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Values and Strategy Paper Grading Guide STR/581 Version 12 Strategic Planning and Implementation Copyright Copyright © 2017 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Values and Strategy Paper Grading Guide STR/581 Version 12 Individual Assignment: Values and Strategy Paper Purpose of Assignment The Week 1 assignment really lays the foundation for the rest of the course. Students have the opportunity to look at the entire process of strategic management of an organization as well as the mission, vision, and values. With this foundation, students will be working together with their teams to develop a strategic plan and also create their own mini-strategies. They are able to take a look at the process as a whole in Week 1 and see how what they are doing fits in with the process. Grading Guide Content Met Partially Met Not Met Total Available Total Earned 3 #/3 Partially Met Not Met Comments: The paper includes the identification of the major components of the strategic management process. The paper includes a discussion of how these components work together to create value for the organization. The paper includes an evaluation of the company’s mission statement, vision statement, motivation strategy, innovation strategy, and people strategy. The paper also includes an explanation of how they are affected if the organization does not have a mission or vision statement. The paper includes an explanation of the role of ethics and corporate social responsibility in strategic planning and how it affects their strategy. The paper also includes a discussion of how your own values and vision align with the organization’s vision and values. The paper is 700 to 1,050 words in length. Writing Guidelines Met Organization Copyright © 2017 by University of Phoenix. All rights reserved. Comments: 2 Values and Strategy Paper Grading Guide STR/581 Version 12 The tone is appropriate to the content and assignment. The introduction provides a sufficient background on the topic and previews major points. Paragraph transitions are present, logical, and maintain the flow throughout the paper. The conclusion is logical, flows from the body of the paper, and reviews the major points. Mechanics The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total # Total Available Total Earned 1 #/1 4 #/4 Additional comments: Copyright © 2017 by University of Phoenix. All rights reserved. 3
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Explanation & Answer

Attached.

Running Head: STRATEGIC MANAGEMENT PROCESS

Strategic Management Process
Name:
Institutional Affiliation:
Instructor:
Date:

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STRATEGIC MANAGEMENT PROCESS

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Introduction
The strategic management process is an essential process for every organization since it
facilitates the company to understand its structure, the nature of completion as well as how to
create a vision and attainable objectives. Also, the process is useful in the formulation and
implementation of the strategy based on the set guidelines and principles (Rothaermel, 2015).
Organizational culture and its identity are created through the process. This work will evaluate
the features of the strategic management process and how these constituents work and also
determine how the Starbucks utilizes the process. The article will also show how the Starbucks
uses the method and principles to guide the ethical and decision-making processes ethically and
responsibly. Lastly, it will also explain how the vision and mission statement of the company
aligns with my vision and other values.
Components of Strategic Management Process
The strategic management process is composed of elements including analysis,
performance, and strategy. Each of the methods presents new information that an organization
has to look and operation. First, a firm has to understand the external environment that it is
operating within while also examining their internal situation. This examination is made possible
by the company conducting a SWOT analysis that indicates the weaknesses, threats, and
opportunities. Therefore, the study provides a detailed insight of the nature of both the external
and internal environments. In return, the results of the analysis further help the organization to
create the vision and mission statem...