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MGT 498 Week 3 DQ3

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Week 3 DQ3
Based upon plan preparation, how would one assess the impacts of organizational strengths and
weaknesses related to the development of long-term objectives?
Strengths and weaknesses play an integral role in strategic planning and preparation. An
organization must consider both strengths and weaknesses when preparing any plan, strategic or
tactical. The organization will look to its strengths to build the plan, a company is going to base
many of its actions on its strengths and attempt to compensate in planning for its weaknesses. A
well-crafted strategic plan will attempt to improve the areas where they are weakest or cover
their weakness by other areas of overwhelming strength. This is the reason that a SWOT analysis
should always be performed prior to consideration of strategic plans and policies.
Business is like war. Sun Tzu, an ancient Chinese strategist and the writer of The Art of
War, said "if you know yourself and you know your enemy. You will always be victorious(Tzu &
Translated by: Griffith, 1971)." Knowing the organizational strengths and weaknesses is
knowing yourself.
Tzu, S., & Translated by: Griffith, S.B. (1971). The art of war (3rd ed.). New York, NY: Oxford
university press.

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Week 3 DQ3 Based upon?plan preparation, how would one?assess the impacts of?organizational strengths and weaknesses related to the development of long-term objectives? Strengths and weaknesses play an integral role in strategic planning and preparation. An organization must consider both strengths a ...
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