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Strategic Planning
Know Your Own
My Future's so Bright I have to Wear Shades
Come Grow With Us
Say Whaaaaat?
100

A process by which organizations form and implement strategic plans and tactics in-line with the external and internal environments and challenges faced by the firm.

What is Strategic Planning?

100

Identify how many shareholders represent Westario Power Inc.?

There are eight municipal/town shareholders, along with FortisOntario

100
A vivid, guiding image of the organization's desired future.
What is the Vision Statement.
100
A company that builds a new location from the ground up.
What is Greenfield Operation.
100

The process of evaluating strengths, weaknesses, opportunities, threats

What is a SWOT analysis?

200
A long-range plan of action oriented at achieving defined goals.
What is Strategy
200

What is represented by the statement "Powering People's Lives"?

Westario Power's Mission Statement

200
Beliefs and principles defined by an organization and govern its employee's behaviors.
What is Organizational Values.
200
A trademark, product, or service is licensed for an initial fee and ongoing royalties.
What is Franchising.
200
Specific, measurable, attainable, relevant, time-bound, evaluated, revised.
What is the SMARTER was to set performance objectives.
300

What Step in the strategic planning process defines the current business?

What is STEP 1 in the strategic planning process

300

Passion, Leadership and Commitment are the core to what? 

Westario Power's Corporate Values

300
Specifies what activities the organization intends to pursue and what course management has charted for the future.
What is a Mission Statement.
300
A firm purchases the assets of a local firm outright, resulting in expanding the company's base and facilities.
What is Merger/Acquisition.
300
A measurable value that demonstrates how effectively a company is achieving key business objectives.
What is a Key Performance Indicator (KPI).
400
Actions that leaders take to move their organization forward.
What is Strategic Management .
400

Define Westario Power's Vision

Growth, Community Prosperity, Excellence

400
Actions, processes or results that are needed to deliver a desired value.
What is Value Drivers.
400
A company repurposes through expansion for redevelopment, an abandoned, closed, or underutilized industrial or commercial property.
What is Brownfield Operation.
400
The process by which an organization identifies performance gaps and sets goals for performance improvement, by comparing its data, performance levels and/or processes against those of other organizations.
What is Benchmarking.
500
A state in which an organization's strategy is consistent with its external and its internal structure, resources and capabilities.
What is Strategic Fit.
500

Identify the 15 communities Westario Power serves

Clifford, Elmwood, Hanover, Harriston, Kincardine, Lucknow, Mildmay, Neustadt, Palmerston, Port Elgin, Ripley, Southampton, Teeswater, Walkerton, Wingham

500
Strategic planning and management system which takes into account non-financial aspects of corporate performance.
What is Balanced Scorecard.
500
One firm acquires partial ownership through purchase of shares.
What is Equity Partnership.
500
Capturing market share within a certain industry by virtue of lowest price.
What is Cost Leadership.