Salt Lake City (often shortened to Salt Lake and abbreviated as SLC) is the capital and most populous city of the U.S. state of Utah, as well as the seat of Salt Lake County, the most populous county in Utah. With a population of 199,723 in 2020, the city is the core of the Salt Lake City metropolitan area, which has a population of 1,257,936 (as of the 2020 census). Salt Lake City is further situated within a larger metropolis known as the Salt Lake City–Ogden–Provo Combined Statistical Area, a corridor of contiguous urban and suburban development stretched along a 120-mile (190 km) segment of the Wasatch Front, comprising a population of 2,606,548 (as of 2018 estimates), making it the 22nd largest in the nation. It is also the central core of the larger of only two major urban areas located within the Great Basin (the other being Reno, Nevada).
Salt Lake City was founded July 24, 1847, by early pioneer settlers, led by Brigham Young, who were seeking to escape persecution they had experienced while living farther east. The Mormon pioneers, as they would come to be known, entered a semi-arid valley and immediately began planning and building an extensive irrigation network which could feed the population and foster future growth. Salt Lake City's street grid system is based on a standard compass grid plan, with the southeast corner of Temple Square (the area containing the Salt Lake Temple in downtown Salt Lake City) serving as the origin of the Salt Lake meridian. Owing to its proximity to the Great Salt Lake, the city was originally named Great Salt Lake City. In 1868, the word "Great" was dropped from the city's name.
Immigration of international members of The Church of Jesus Christ of Latter-day Saints, mining booms, and the construction of the first transcontinental railroad initially brought economic growth, and the city was nicknamed "The Crossroads of the West". It was traversed by the Lincoln Highway, the first transcontinental highway, in 1913. Two major cross-country freeways, I-15 and I-80, now intersect in the city. The city also has a belt route, I-215.
Salt Lake City has developed a strong tourist industry based primarily on skiing and outdoor recreation. It hosted the 2002 Winter Olympics. It is known for its politically liberal and diverse culture, which stands at contrast with the rest of the state's conservative leanings. It is home to a significant LGBT community and hosts the annual Utah Pride Festival. It is the industrial banking center of the United States. Salt Lake City and the surrounding area are also the location of several institutions of higher education including the state's flagship research school, the University of Utah. Sustained drought in Utah has more recently strained Salt Lake City's water security and caused the Great Salt Lake level drop to record low levels, and impacting the state’s economy, of which the Wasatch Front area anchored by Salt Lake City constitutes 80%.Source
Strategic Management is the preparation of a business's sources in order to reach its goals and purposes in one of the most reliable fashion feasible. It is an activity program to make certain that the firm remains to establish, and that ideal efficiency targets are attained. Strategic management supplies overall management by creating plans as well as plans developed to complete goals and afterwards assigning resources to properly execute those plans. The techniques of executing these plans make use of many different approaches including financial, people, modern technology, process, as well as interior controls. One crucial idea of critical monitoring is that it attends to the balanced demand of all elements of the organization.
All supervisors need to be devoted to the success of the organization, as they are each responsible for the development of the firm's future. Consequently, everybody needs to be included in the solution of the method as well as execution of the approach. This likewise involves liability. A company that does not have sufficient methods in place might not just fall short to achieve its brief and long-term goals, however may additionally be incapable to achieve long-lasting goals. The business that takes on a well-developed and carried out calculated management plan can expect to attain its goals over a period of time as well as remain affordable. Strategic Management requires the application of management skills. Those managers that welcome critical management and also develop a powerful management design can properly develop value by implementing sound strategies and also techniques. This enables them to address the basic requirements of their customers, construct partnerships with vital clients, obtain new customers, broaden markets, and decrease costs.
One of the main jobs in the advancement of a business is the company critical planning procedure. This includes the recognition of what strategic objectives the company have to achieve in a provided time period, as well as the ways to attain those objectives. It is important for the company to have a plainly defined collection of goals in place, to ensure that the people associated with the company know where they are headed. However, while a company can develop a variety of excellent goals, it may be necessary to customize the firm critical planning procedure to satisfy certain needs of business. As an example, some business will certainly call for a prolonged evaluation and also research study before they can generate a solid strategic plan.
Others, such as those which have sales oriented requirements, will intend to create the process faster, so that they can make changes to their technique as the marketplace modifications. While each business will have its own demands, there are a number of points that everybody involved in the firm calculated preparation process can take into consideration. Every person needs to understand the firm's demands in terms of the calculated planning procedure itself.
The emphasis of the business calculated planning process must be to recognize what the business needs to complete in the future, along with what it should do in the distant future. Every person requires to have a clearly defined plan that describes what is required to do these 2 points, and also just how lengthy it will take. Everybody needs to realistically specify their expected result and to spending plan for this end result. By thinking about every one of these facets, a firm can create an audio strategic plan that will certainly aid it do well in the future.