Verified Document

Solar Powered Juice Truck Project Components Of Essay

Solar Powered Juice Truck Project Components of Strategic Management Process

Strategic management process entails goal-setting, analysis, strategy formulation, strategy implementation and evaluation and control (Clayton, 2013).

The upper management engages in goal setting to enable them clarify the vision of the business. It involves defining short- and long-term objectives, identifying how these objectives are to be accomplished and customizing the process for the organization's staff so that each and every individual does the task he can succeed in (Clayton, 2013). The goals have to be detailed and realistic. They should also match the values of the organization's vision. The final step in this stage involves writing a mission statement that communicates an organization's goals to the shareholders and the staff.

Information gleaned from analysis shapes the next two stages of strategy management process. At the analysis stage much information and data relevant in accomplishing an organization's goal is gathered (Clayton, 2013). Analysis focuses on understanding the needs of the business as a sustainable entity, the business strategic direction and initiatives that help the business...

External and internal issues that affect the organizations goals and objectives should be examined at this stage (Clayton, 2013). Strengths and weaknesses of the organization as well as threats and opportunities must also be illuminated.
Before forming a strategy the management has to review information gleaned from completing the analysis. Resources that a business has that can help it reach the defined goals and objectives have to be brought into perspective at this stage. The management must identify areas where the business must seek external resources (Clayton, 2013). Issues facing the organization have to be prioritized by their importance to the organization's success. Once prioritization has been done the strategy should henceforth be formulated. Because of fluidity of businesses and economic situations, alternative approaches have to be developed to target each step of the plan (Clayton, 2013).

Strategy implementation is the action stage of the strategic management process as it is critical to the success of a business venture. Every employee in the organization must be aware of their duties and responsibilities and how it fits it the organization's overall goal. Funding…

Sources used in this document:
References List

Clayton, J. (2013). The Five Stages of the Strategic Management Process. The Houston

Chronicle. http://smallbusiness.chron.com/five-stages-strategic-management-process-18785.html

Samsung (2012). Green Management Activities and Performance. Retrieved from http://www.samsung.com/us/aboutsamsung/sustainability/sustainabilityreports/download/

2012/Samsung%20sr%202012_Green%20Management%20Activities%20and%20Perfor
Cite this Document:
Copy Bibliography Citation

Related Documents

Solar Powered Juice Truck
Words: 1145 Length: 3 Document Type: Business Proposal

Solar Powered Juice Truck Project Comparison of your idea with everything else that In an attempt to ensure that school children and the general public has access to healthy drinks that are free from the various chemicals, pesticides and the high amounts of calories, there have been attempts applied in the past. Professionals in the field of diet and great nutritionists have published articles and in them encouraged people to adopt the

Solar-Powered Water Heaters in Israel
Words: 827 Length: 3 Document Type: Essay

According to Stroud, "A roof can be a very easy place to hide a solar system" (35). Although there are other solar-powered projects underway across the country with the same goal of reducing Israel's dependence on foreign-imported energy sources, these rooftop units remain the most common. For example, Faiman reports that, "Perhaps the most common manifestation of putting the sun to work in Israel are the solar water heaters

Solar Powered Attic Fan
Words: 2857 Length: 10 Document Type: Term Paper

attic fan is an essential part of a building in that it helps in the regulation of the temperature of a building by reducing the heat energy level in a building's attic. It does so by getting rid of the hot air that is accumulated in a building. The attic fan helps in the regulation of temperature by the exhaustion of the hot air by through the blade action. Due

Government Policies and Solar Power
Words: 2777 Length: 8 Document Type: Research Paper

It now applies to a wide range of generation technologies, including but not limited to solar thermal electric, photovoltaics, wind, and geothermal electric (DSIRE). For solar systems, the credit is "equal to 30% of expenditures, with no maximum credit. Eligible solar energy property includes equipment that uses solar energy to generate electricity…" (DSIRE). For small wind turbines, the credit is "equal to 30% of expenditures, with no maximum credit"

Spray on Solar Power Cells
Words: 1630 Length: 4 Document Type: Term Paper

Spray-On Solar Power Cells A solar cell, or photovoltaic cell, is a semiconductor device consisting of a large-area p-n junction diode, which, in the presence of sunlight is capable of generating usable electrical energy. This conversion is called the photovoltaic effect. The field of research related to solar cells is known as photovoltaics. Solar cells have many applications. They are particularly well suited to, and historically used in situations where electrical power

Science - Solar Power 8TH
Words: 939 Length: 3 Document Type: Thesis

Experts believe that it may take so long to develop solar energy systems that alternative energy sources like solar energy will still make up less than five percent of our energy needs by the year 2030 (Lavelle, 2007). Another big problem with changing over to solar energy is that it is very expensive. That is because to collect solar energy, you need very large collectors and a lot of land

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now