STRATEGIC BUSINESS PLANNING

strategic business planning

Discussion Question

Use in text citations and references that are accessible and verifiable.

OL328 Discussion Question 200WORDS
In the textbook reading for this module, the authors go into detail about the need for leaders to take risks in order for organizational change to occur. However, what is emphasized is the idea of a calculated risk, which is different from the everyday notion of risk. In your own words, share an example of an instance where you or a leader you followed took a calculated risk. Bring in leadership theory as it relates to your example.

Explain why you or your leader decided to take the risk.

OL300 Discussion Question 200WORDS

Consider a company that has a facility located in your local area. This could be a big-box store like Walmart, an automobile manufacturer like Kia, a financial services group like Citibank, or any other company of interest.

Why do you suppose the company chose that location? Evaluate the strengths and weaknesses of that location, and be sure to describe how the location affects other facets of the company, its trading partners (i.e., the supply chain), and the local/regional area.

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Discussion one:  Calculated Risks

Leaders that take calculated risks harvest fruitful rewards for their organizations. Such leaders embrace failure, and in the long run, the calculated risks they take pay off. A calculated risk entails a careful analysis of the risk probability, impact and the reward after taking the risk. My mentor is one of the leaders that I admire since he established his business and then came up with a strategy of giving part of his profit to the needy people in the community. Many people thought that such an idea was crazy considering that the business was just a startup…

(450 words)
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