Prepare a streamlined version of the key elements of a plan

Assignment Help Strategic Management
Reference no: EM131432450

Assignment: Formulation and Processes

You have just been hired by (your selected company) as its new vice president of strategic planning. The corporation's performance in recent years as well as the changes with business and economic conditions will be a central focus of your new job.

Given the size of the corporation and the fact that it is in a highly competitive industry, the chief executive officer (CEO) to whom you report has already given you permission to hire a staff of recent Master of Business Administration (MBA) graduates to assist you in your efforts.

You recently completed the interviewing and hired four people with minimal real business experience.

In coming months, you and your team will be creating a completely new-and, presumably, more effective-strategic plan. You plan to begin by holding a kick-off meeting with your team.

Deliverable Length: 1,000-1,250 words in APA format. Provide an outline of the assignment prior to submitting the final paper.

To feel confident that all of the employees in your strategic planning team understand all that you have taught them, you require each to prepare a streamlined version of the key elements of a strategic plan. You require each employee to prepare the following sections of a strategic plan for the corporation's next 3-5 years:

• Mission and Vision Statements (Simply copying from an existing real company is unacceptable.)
• Specific, Measurable, Achievable, Realistic, and Time-Bound (SMART) Goals and Objectives
• Industry Analysis
• Strengths, Weaknesses, Opportunities, Threats, and Trends (SWOTT) Analysis
• A Perceptual Map

o Choose any criteria that you think are important to plot.
o Explain why you picked the criteria.

Your task is to create a plan, following the same parameters, which will be the sample standard that your employees' submissions should match.

Reference no: EM131432450

Questions Cloud

Identify two of the common problems that are associated : Identify at least two of the common problems that are associated with managing virtual teams. After identifying the problems, describe a team-building method that could be applied to each situation.
How will ports accommodate this increase in cargo : As world trade continues to increase due to supply and demand, how will ports accommodate this increase in cargo? What are the issues facing ports as they promote themselves and increase cargo? What are some specific solutions that address these i..
Assess the importance of a systems development life cycle : Assess the importance of a systems development life cycle as it pertains to both the development of a custom application, coupled with the selection of proprietary systems. Provide an example to support the response
Explain what clifford is saying here in your own words : Our words, our phrases, our forms and processes and modes of thought, are common property, fashioned and perfected from age to age; an heirloom which every succeeding generation inherits as a precious deposit and a sacred trust to be handled on to..
Prepare a streamlined version of the key elements of a plan : To feel confident that all of the employees in your strategic planning team understand all that you have taught them, you require each to prepare a streamlined version of the key elements of a strategic plan.
Best-of-breed cloud infrastructure : If you were building a private cloud would you use a best-of-breed cloud infrastructure or a cloud-ready converged infrastructure? What goes into making this decision?
Find the probability of a type ii error : Is there any evidence to suggest that the true mean weight of passengers and gear is greater than 496 pounds? Use a = 0.01.
Demonstrate new learning that has occurred : The Reflective Paper must: Identify the main issues in the chosen area, Demonstrate new learning that has occurred and Include class activities or incidents that facilitated learning and understanding
How the kabre diaspora came to exist in southern togo : According to Charles Piot Kabre society may be seen to be living in the remote past, a society that is characterized by ritual practice and the exchange economy but it is also a society that is very much modern and was central to the construct..

Reviews

Write a Review

 

Strategic Management Questions & Answers

  Critical analysis of a region from business perspective

Critical Analysis of a Region from Business Perspective

  Summarize the importance of the purchasing functions

Summarize the importance of the purchasing functions and how they can contribute to the profitability of a firm.

  Real estate agent is considering changing her phone plan

A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a monthly service charge of $20. Plan A has a cost of $.38 a minute for daytime calls and $.17 a minute for evening calls. If ..

  Strategic managerial communications

Strategic Managerial Communications

  The recommended production rate

What is the recommended production rate if a level strategy is adopted with no back orders or stockouts? What is the ending inventory for month 4 under this plan?

  Define what training and development tools

1.Define what training and development tools are essential to coach and develop management employees who live hundreds, or even thousands of miles from headquarters.

  Review your own organizational successes and failures

Discuss, contiguously cite, and later fully reference at least three academically sound sources. Please use enough concurrent discussion so that the purpose of each citation is apparent to the reader

  Analyze the appropriate pricing strategy for your product

Analyze the appropriate pricing strategy for your product or service and the price you will set at launch. Include at least four sources of research that support your analysis.

  Compare between a trend-moving and centered-moving average

Compare between a trend-moving average and a centered-moving average.

  What role company culture plays in executing managerial task

Discuss what is involved in performing the eight key managerial tasks that shape the process of implementing and executing strategy. Explain what role a company's culture plays in executing these managerial tasks.

  Describe the change control process that will be employed

Describe the Change Control Process that will be employed on the project to properly manage any disruptions to the progress of the project.

  How would you change strategy that resulted from bankruptcy

Read the case history and discuss the Management strategy that resulted in Reader's Digest's bankruptcy. How would you change the strategy that resulted from the bankruptcy?

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