Strategic Plan of my current employer Essay Example | Topics and Well Written Essays - 1250 words

Strategic Plan of my current employer - Essay Example Internal environmental factors affecting an organization’s performance include strengths and weaknesses. Externally, opportunities and threats influence an organizations’ performance among industry competitors. Inefficiency in the planning process is dangerous to the survival of an organization. Mistakes by the management while lying down the strategic plan management consequentially lead to failure and loss of business to competitors. In the extreme, an organization faces liquidation (Bo?hm, 2009). To achieve is purpose of â€Å"to develop a self-actualized scholar, who possesses a knowledgeable and discerning mind, thrives in service to others, and is prepared for college,† Paulo Freire Charter School must effectively manage its internal and external environments effectively and efficiently. Internal factors adequately affect the strengths and weaknesses of an organization. The management of any organization needs to plan for the purpose of hedging against any form of internal problems. Resources and human capital are essential elements in the internal factors management. Availability of raw materials, financial capital for investment and labour to work in the various departments are the internal factors affecting the performance of an organization. To achieve organizational goals, adequacy of resources is essential. Internal factors make both the organizational strengths and weaknesses. ... Long-term finances are essential in financing long-term operations of the school. Inadequate finances for an organization are its weakness, while adequate finances are its strength. Purchase of machinery, hiring of workers, and expansion of a classes and addition of courses offered by the school are the major uses of long-term funds in the school. Strategic budgeting process by an organization ensures proper allocation of resources according to the requirements of the organization. Poor budgeting of organizational funds potentially leads to financial problems to the school. Prioritizing needs with reference to the organizational needs and requirements will help the organization from getting into financial problems. Bo?hm (2009) points out that as strength, adequate finances greases the various wheels used by the management to achieve the school’s purpose. However, this could also form part of its weaknesses. Inadequate funds, misappropriation of the school’s income and poor liquidity position are a weakness that can lead to poor results, and thus the school losses business to its competitors. Human capital is responsible for the achievement of organizational goals and objectives (Bruce, 2006). To achieve its goal the school needs human resources, and these need care and profession in their handling. Investing in human resources of the organization increases the organization quality of services. At the same time, the organization achieves its goals, reaches its vision and lives up to its mission statement. Proper motivational strategies to the teachers increase their output. According to Frey (2002), there is more to motivation than offering good salaries to the employees. Although