: this is the book for the assignment chapter 8 MGT500 : Modern Management Richard L. Daft. 2022. Management.
Week 4 Activity – Elements of an Effective Strategic Plan
What makes a good strategic plan? For this activity, you will explore this question and try to identify the elements needed to develop an effective strategic plan. You will be able to use your research to help you complete next week’s Strategic Plan assignment.Before you begin, make sure you have read Chapter 8 of the text from this week’s reading, “Strategy Formulation and Execution.”
Complete a 1–2 paper in which you:
- Use Basic Search: Strayer University Online Library and the Internet for ideas on what makes an effective strategic plan.
- Answer the following questions:
- Who should be involved in strategic planning?
- What are the elements of an effective strategic plan?
Note: For your assignment due next week, you will need to cite at least three credible, relevant, and appropriate sources to support your writing. As you conduct your research for this activity, make sure you save any sources you might be able to use for that assignment.