Document Type
Circular
Type
text
Format
application/pdf
Publication Date
10-2007
Publisher
Cooperative Extension Service South Dakota State University, Texas A&M University-Kingsville
Circular No.
924
Pages
45
Description
Content
Steps 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
Appendix
Language
en
Recommended Citation
Dunn, Barry H.; Gates, Roger N.; Davis, Jack; and Arzeno, Agustin, "Strategic and Scenario Planning in Ranching: Managing Risk in Dynamic Times" (2007). SDSU Extension Circulars. 488.
https://openprairie.sdstate.edu/extension_circ/488