Open PRAIRIE: Open Public Research Access Institutional Repository and Information Exchange
Abstract
ContentSteps Toward Success Stage 1: Charting the Course: Creating the Vision Step 1: Assess current situation and inventory of ranch resources Step 2: Conduct SWOT analysis Step 3: Establish a vision for the ranch business Stage 2: Determining Strategies to Achieve the Ranch’s Vision Step 4: GAP analysis Step 5: Alternative strategies to close the gap Stage 3: Scenario Planning for the Ranch Step 6: Describe multiple scenarios Step 7: Select and evaluate the most-probable Scenarios Stage 4: Merging Strategies and Scenario Planning Step 8: Determine strategies with the highest likelihood of success Stage 5: Putting the Plan Into Action and Measuring Success Step 9: Implementation of the strategic plan Step 10: Monitor performance with the Balanced Scorecard Conclusionase for Strategic Planning: Consider ethanol’s impact Appendi
