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Assessing Strategic Management Skills

File C6-61

March 2008

www.extension.iastate.edu/agdm

Unsatisfactory Weak Average Good Exceptional

1. Understandwhocustomersareandwhat

productsandservicestheywantinthefuture. 1 2 3 4 5

2. Identifythefactorsthatarecriticaltothe

long-termsuccessofthebusiness. 1 2 3 4 5

3. Visualizewhatyourbusinessmightbelike

vetotenyearsfromnow. 1 2 3 4 5

4. Identifyimpedimentstosuccessinyourbusiness

anddevelopsolutionstoovercomethem. 1 2 3 4 5

5. Understandwhatyouandyourfamilywant

fromyourbusinessinthenextvetotenyears. 1 2 3 4 5

6. Assesshoweverydayoperatingdecisions

affectyourlong-rangeplans. 1 2 3 4 5

7. Analyzethestrategiesofcompetitors. 1 2 3 4 5

8. Assessthestrengthsandlimitationsofyour

businessaswellastheskillsandabilitiesof

thepeopleinvolved. 1 2 3 4 5

9. Assesstheskillsandabilitiesofthepeople

involvedinyourbusiness. 1 2 3 4 5

10.Useyourabilitiesandresourcestoachieve

yourlong-termgoals. 1 2 3 4 5

Strategicmanagementskillsareessential

forthelong-termsuccessofyourbusiness.Firmsthatpossesshumanresourceswithex-

ceptionalskillshavealong-termfocusandaremore

likelytousetheirskillstotakeadvantageofemerg-

ingopportunities.

Howwouldyourateyourstrategicmanagement

skills?Strategicmanagementhelpsyoufocuson

visualizingthefutureandwhereyoutinit.Strate-

gicmanagementinvolvesassessingsuccessfactors,identifyingpersonalandbusinessstrengthsandnd-

ingbusinessopportunities.Usethequestionsbelow

toassessyourstrategicmanagementskills.

Don Hofstrand

value-added agriculture specialist

co-director Ag Marketing Resource Center

641-423-0844

dhof@iastate.edu

. . . and justice for allThe U.S. Department o Agriculture (USDA) prohibits discrimination in al lits programs and activities on the basis o race, color, national origin, gender,religion, age, disability, political belies, sexual orientation, and marital or amilystatus. (Not all prohibited bases apply to all programs.) Many materials canbe made available in alternative ormats or ADA clients. To fle a complainto discrimination, write USDA, Ofce o Civil Rights, Room 326-W, WhittenBuilding, 14th and Independence Avenue, SW, Washington, DC 20250-9410 or

call 202-720-5964.

Issued in urtherance o Cooperative Extension work, Acts o May 8 and June30, 1914, in cooperation with the U.S. Department o Agriculture. Jack M.Payne, director, Cooperative Extension Service, Iowa State University o Scienceand Technology, Ames, Iowa.