Question Description

I’m working on a business exercise and need an explanation and answer to help me learn.

Purpose of the strategic plan

Key objectives:

Market development and how your ideas fit

Process improvement

  • Development of people
  • Product/service – How do you deliver? Is there a way to improve quality over time to differentiate?
  • Key performance indicators (KPIs) to measure performance over time
  • Recommend initiatives to support your objectives to improve the strategic plan.