Journal Essay Example | Topics and Well Written Essays - 250 words - 93

Journal - Essay Example His demise was so painful that whenever I think of him I shed tears. 3. Death of my idol. I am the biggest fan of Michael Jackson. His music is both entertaining and inspirational to me. His death was one of the biggest shocks for me. It took me several days to accept that he had passed on. I was very depressed. I felt like I had lost a part of me. 4. The strange kid in school. There was this quiet girl that was surrounded by mystery and creepiness. Apart from wearing dark clothes, she was also a loner and enjoyed moody songs. One day she collapsed in class and was rushed to hospital. We later discovered she had deep cuts on her thighs and hands. At first we thought it was a case of parental abuse. However, bizarre knives and other sharp objects were confiscated from her room. 5. A fish and a coin. I love fishing. One day, my father and I went fishing during the holidays. Basically, it is always my father who catches fish. However, on this particular afternoon, none of us was successful. As the evening approached, I felt my fishing rod shake. I pulled it instantly and shockingly, a fish bigger than the palm of my hand was writhing and begging for mercy beside me. The shock in my father’s eyes was priceless. As we opened the fish, guess what we found- A $25 cent

Formal Strategic Planning Essay Example | Topics and Well Written Essays - 2000 words

Formal Strategic Planning - Essay Example UK is an abbreviation for United Kingdom, Words in quote are exact words used by author. For a common man, the word "strategy" simply means being systematic. A tactic he will use to ensure his success or to his belief is the right way to prevail. If we are to really critically analyze the impact of formal SP to the business performance of Hospitality SME's and arrive into a realistic conclusion, we must clearly identify every aspect of SP and business operations of SME's. Strategic Planning definitions or implementation varies in the environment and business type. A more general and maybe the most practical interpretation of the term is concern with "long-term direction of the organization" (O'Regan et. al., 2002). It is where an organization defines the business they should to take on and match their business activities to the current situation while taking great consideration to the resources on hand .This method by and large helps to reduce the threats and take full advantage of opportunities. However, SP although a "long-term" plan may constantly change in order to survive and maintain equilibrium to the ever changing business environment. It should forestall and act in response to its varying dynamic operational environment (O'Regan et. al, 2002). It is then a competent and effective management tool to augment the company's ability or strength in relation to its business adversary. Strategic planning maybe categorized into two types, informal and formal. The informal type of SP, referring to Robinson and Pearce, 1983, along with several authors, is likely occurring in smaller firms than larger ones (Hannon et. al, 1997 p.105). They stress that it is the size of the business and the stage of development of that business influenced the nature of planning. In addition, smaller businesses tends to aim more and concentrate on the "process of planning" (Hannon et. al., 1997, p. 105) which is opposite to larger firms approach of identifying their goals and objectives. The author also added that informal planners in small firms undergoes some kind of "strategic decision-making" activity which is also similar to the strategies being perform by formal planners. They also believed that the activity or the process itself has more advantage to small firms than the production of written or formal outputs (Hannon et al., 1997, p.105). Formal planning according to Armstrong, ( 1992), as stated by Hannon et. al., (1997), is the setting up of clear goal and processes to realize a particular task. It is therefore worth considering that the statements provided points to informal planning as the type where smaller firms are focusing largely on the business operation process rather than "output" or goal of the process. Formal "strategic planning" according to Cox B., (2005) though, is a "top-down, vision-driven process" to develop an organization's future value. Although literatures do not mention a universal definition to separate or set a clear distinction between formal and informal SP, we may define informal planning as a less documented and unofficial but similarly effective and efficient type of SP. According to Needle D., (2000) referring to Hickson et. al. (1969), size is an important