With the organization that you selected for your Final Project in mind (The U.S. Department of Commerce).

With the organization that you selected for your Final Project in mind (The U.S. Department of Commerce).
Write an explanation of ethical, financial, and cultural benefits and limitations of organizational strategic planning. Include how ever-changing stakeholders might impact the strategic plan.

MODEL ANSWER

Strategic planning refers to the process of identification and establishment of long-term vision and mission of an organization and its other critical components to achieve the desired strategic | PLACE YOUR ORDER NOW AT writtask.com | can have ethical, financial, and cultural benefits and limitations | PLACE YOUR ORDER NOW AT writtask.com | plans lay the basis for how the organization conducts its operations. Incorporating ethical considerations in the strategic plan ensures that the organization aligns its every facet with the values and ethos of the wider | PLACE YOUR ORDER NOW AT writtask.com | of incorporating ethics in strategic planning is that it can be very expensive and time-consuming. This is necessitated by the need for ethical policies to be constantly updated to reflect changes in the workplace laws and those in the organizational culture as it grows.

Strategic planning increases the operational efficiency of an organization. It acts as a roadmap for helping the organization to align its functional activities to | PLACE YOUR ORDER NOW AT writtask.com | management decision-making and discussions in determining resource and budget requirements and allocations to accomplish set objectives which are critical in enhancing | PLACE YOUR ORDER NOW AT writtask.com | also allows organizations to be proactive as opposed to being reactive as it enables them to foresee their future and | PLACE YOUR ORDER NOW AT writtask.com | the strategic goals of the US Department of Commerce is to strengthen the US economic and national security by reducing extreme weather impacts and enhancing the nation’s cybersecurity (U.S Department of Commerce, 2018). These are efforts that can help the …

An important financial limitation of strategic planning is that it requires huge amounts of time, money, and energy which may be lost if the plan is not implemented | PLACE YOUR ORDER NOW AT writtask.com | of natural disasters for instance may be unpredictable and this might devastate the Department of Commerce’s goal of reducing extreme weather …

References

Bryson, J. M. (2018). Strategic planning for public and nonprofit organizations: A guide to strengthening and sustaining organizational achievement (5th ed.). Hoboken, NJ: John Wiley & Sons, Inc

U.S Department of Commerce. (2018). Strategic Plan 2018-2022. https://www.commerce.gov/sites/default/files/2020-08/us_department_of_commerce_2018-2022_strategic_plan.pdf

Zomorrodian, A. (2017). New trends on strategic planning: Virtual environment, tech innovation, globalization & organizational performance. Tech Innovation, Globalization & Organizational Performance (March 4, 2017).