New division of the existing business

Assignment Help HR Management
Reference no: EM13725207

Identify key trends, assumptions, and risks in the context of your final business model.

Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks.The strategic objectives are measures of attaining your vision and mission. As you develop them, consider the vision, mission, and values for your business and the outcomes of your SWOTT analysis and supply chain analysis.

Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:

  • Shareholder Value or Financial Perspective, includes strategic objectives in areas such as:
  • Market share
  • Revenues and costs
  • Profitability
  • Competitive position
  • Customer Value Perspective, includes strategic objectives in areas such as:
  • Customer retention or turnover
  • Customer satisfaction
  • Customer value
  • Process or Internal Operations Perspective, includes strategic objectives in areas such as:
  • Measure of process performance
  • Productivity or productivity improvement
  • Operations metrics
  • Impact of change on the organization
  • Learning and Growth (Employee) Perspective, includes strategic objectives in areas such as:
  • Employee satisfaction
  • Employee turnover or retention
  • Level of organizational capability
  • Nature of organizational culture or climate
  • Technological innovation

Develop at least three strategic objectives for each of the four balanced scorecard areas identified (Financial, Customer, Process, Learning and Growth). Your objectives should be selected, in part, based on an evaluation of a number of potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis paper and table you completed in Week 3.

Base your solutions on a ranking of alternative solutions that includes an identification of potential risks and mitigation plans, and a stakeholder analysis that includes mitigation and contingency strategies. You should also incorporate the ethical implications of your solutions into your selection.

  • For each strategic objective, develop a metric and target using a balanced scorecard format. (For example, a strategic objective in the shareholder or Financial Perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, "The percentage of increase in market share." The target is the specific number to be achieved in a particular time period. The target for the metric of "Increase market share" could be "Increase market share by 2% for each of the next 3 years" of an increase of 2% per year for 3 years.)

Outline a brief communication plan discussing how you will communicate the company's strategic objectives that includes the following:

  • Define the purpose.
  • Define the audience.
  • Identify the channel(s) of communication and why you selected that channel.

Write a 1,050- to 1,400-word strategic objectives summary.  Include your balanced scorecard and its impact on all stakeholders, and the communication plan.

Reference no: EM13725207

Questions Cloud

Find an equation of the line : Find an equation of the line that passes through the point (0,4) and is (a) parallel to and (b) perpendicular to the line 5x+2y=3.
Corporate and individual responses : Identify the Systemic, Corporate and Individual issues relating to the business scenario in your selected company. Were the Systemic, Corporate and Individual responses to the scenario ethical or not, in your view?
Display customers table and its fields in sql : Display all the LastNames from the Customers table and any associated OrdersIDs from the Orders Table. Show the LastName even if they do not have any associated orders. Order the results by LastName in ascending order.
Bond issuer will not be able to make timely payments : Which of the following terms is the chance that the bond issuer will not be able to make timely payments?
New division of the existing business : Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks.The strategic objectives are measures of attaining your vision and mission. As you ..
Assumes that inflation rate is running : You deposit a sum of $10,000 today in your bank safe deposit box and leave it there. You learn nothing in your bank account as the money is sitting inside the safe deposit box. Assumes that inflation rate is running at 14% a year. How much will your ..
Explain the film noir bringing darkness to light : View: Film Noir: Bringing Darkness to Light. View at least four of the following Film Noir feature films and document them in the Film Diary Discussion Forum.
What will be the opportunity cost of the machine : In your new project, you are going to use a machine which has been put into operation for a couple of years. The original investment on these machines was $120,000 and cumulative depreciation is $80,000. If you sell it at its fair market value now, y..
Problem of select command in sql : Write a SELECT statement that returns these columns from the Products table: The ListPrice column A column that uses the CAST function to return the ListPrice column with 1 digit to the right of the decimal point A column that uses the CONVERT fun..

Reviews

Write a Review

 

HR Management Questions & Answers

  Discretionary employee benefitsshow your views about

discretionary employee benefitsshow your views about whether discretionary employee benefits should be an entitlement

  Impact of corporate culture diversity and

impact of corporate culture diversity and multiculturalismdo issues such as corporate culture diversity and

  Organizational behavior at southwest airlineswrite a

organizational behavior at southwest airlineswrite a research paper on the successful andor unsuccessful application of

  Hr team reportyou are the hr team for a company that has

hr team reportyou are the hr team for a company that has recently moved into a new country. you have been asked to

  The nature of staffing

The process of acquiring, deploying, and retaining a workforce of sufficient quantity and quality to create positive impacts on the organization's effectiveness is called.

  Employment laws which affect hr decisions and actions

Employment laws which affect HR decisions and actions - the Human Resources Department, and the HR manager asks you to review the employee handbook

  Discuss how the changes in flsa were enacted and describe

explain how the changes in the flsa were enacted and discuss the opinions and concerns that different associations

  Implementation of the balanced scorecard approach

Based on my review of [XYZ Corporation's] implementation of the Balanced Scorecard approach and review of recent BSC-related literature, I believe it would (or would not) be worth implementing the Balanced Scorecard approach in my SLP organization..

  How do we motivate and does it have to be monetary

Human Resource Management - How do we motivate and Does it have to be monetary?

  Provide a comprehensive research review of significant

give a comprehensive research review of the significant principles of management communications used to successfully

  Even though most hrd professionals agree that hrd

even though most hrd professionals agree that hrd evaluation is valuable why isnt it practiced more frequently by

  What legal requirements might apply to family leave policy

What legal requirements might apply to Family Leave Policy and Suggest how you as a HR staff member would set-up this Program to meet legal and ethical requirements.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd