MGT 450 Week 4 DQ 1, Establishing Metrics
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Mgt 450 Week 4 Discussion 1: Establishing Metrics Your text explains why it is important to select the appropriate criteria for strategic planning. Part of this process is establishing metrics to measure the progressive success of the strategic plan. Choose & discuss two metrics that an organization might consider when developing a strategic plan? What are some considerations or criteria that leaders utilize when developing a strategic plan? How might this process work in your current organization or a previous organization? Developing a strategic plan involves using metrics to build towards long term organizational goals. For example, strategic metrics, such as reducing the cash-to-debt ratio to zero, or increasing the operating margin to 50%, may require meeting a set amount of...