Planning and Strategic Planning Discussion Paper

Questions: 1. How would for-profit and nonprofit organizations differ in their applications of the strategy formulation framework? Be sure to consider the mission of the organization type and the discussion focus above. 2. Explain why cultural factors should be an important consideration in analyzing and choosing among alternative strategies. Give either hypothetical or real-world examples with citations to support your theory. Answers: 1. The structure for "strategy-formulation" is keenly unclear for both profitable and non-profitable associations. In any case, in the income driven associations, there are more components to survey and desire. This makes the technique definition plan more tangled. Technique execution in not-income driven associations, particularly gather affiliations, is regularly extraordinarily detectable and authoritative. The key differentiation is their pay. Associations make securing the money as revenue; non-profitable associations may get paid for such unique resources as expenses, taxes, dues, or salaries. A non-profitable association's pay routinely starts from individuals who may never even use the eventual outcomes of that association. Regardless, both selfless and gathering associations can advantage essentially by the thoughts of perfect arranging and dominance (Barnat, 2014). 2. As a foremost segment of lifestyle in associations, "cultural factor" can be regarded. An affiliation's particular lifestyle symbolizes within the work. Hence, in selecting among substitute systems for an association, concern should be given to the various periods of help that proposed methods would get from current social things. Thought should moreover be given to whether social changes could be gotten expeditiously (David, 2009). Reference: Barnat, R. (2014). Planning And Strategic Planning: An Overview. Strategic Management: Formulation and Implementation. [Online] 24xls.com. Available at: https://www.introduction-to-management.24xls.com/en327 [Accessed 4 Mar. 2015]. David, F. (2009). Strategic Management: Concepts Cases. 12th ed. USA: Prentice Hall.