ADMS 4900 Midterm: Midterm Notes

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Strategic issues are fundamental policy questions or critical challenges that affect: an organization"s mandates, mission and values, product or service level and mix, clients, users, or payers, or, cost, financing, organization or management. Strategic planning is the formal consideration of an organization"s future course. All strategic planning deals with at least one of three key questions: "what do we do?, "for whom do we do it?" Intellectual capital: increasing what you know that"s profitable: strategic relationships: new sources of business, products and outside revenue, employee attraction and retention: your ability to do extend your reach, sustainability: your personal ability to keep it all going. Vision: defines where the organization wants to be in the future. It reflects the optimistic view of the organization"s future: vision statement: outlines what a company wants to be. It concentrates on future; it is a source of inspiration; it provides clear decision-making criteria.