Write a proposal of no more than 700 words, outlining theresearch approach you will use for your Strategic Plan. Include thefollowing: Make up a Business name. . Provide Introduction How you intend...

Strategic management
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Introduction
Strategic plan is the long-term goals of a company created and executed by the
management. Strategic plan is developed by establishing the mission of the organization,
developing the vision or the intent of the organization in future, establishing the goals and
setting the objectives by conducting external environment analysis and internal environment
analysis (Gates, 2010). The company that is considered for the purpose of the assignment is an
IT company that offers software development and consultancy services to different companies.
The name of the company is InnoIT. This assignment outlines the research approach to be used
for strategic plan.
Ensure the organization's vision, mission, and people strategies and values statements are
aligned with the proposed strategic plan.
Strategic planning sets the stage for enterprise architecture, process improvement, risk
management, portfolio management, and any other organisation-wide initiatives. Strategic plan
seeks to coordinate the various functional elements of the organization, ensuring that they
interact and use their interdependence in a positive and constructive manner (Thompson et al.,
2008). To ensure alignment of the organization's vision, mission, and people strategies and
values statements with the strategic plan, it is important to define clear objectives. The objectives
can be derived from the vision and mission of the organization. The strategic plan needs to be
developed based on these objectives. For the company, objectives would be developed
encompassing operational, financial, and human resource aspects...