Reference no: EM131441373
Assignment
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.
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 SWOT analysis and supply chain analysis.
Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:
• Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as:
o Market share
o Revenues and costs
o Profitability
o Competitive position
• Customer Value Perspective, which includes strategic objectives in areas such as:
o Customer retention or turnover
o Customer satisfaction
o Customer value
• Process or Internal Operations Perspective, which includes strategic objectives in areas such as:
o Measure of process performance
o Productivity or productivity improvement
o Operations metrics
o Impact of change on the organization
• Learning and Growth (Employee) Perspective, which includes strategic objectives in areas such as:
o Employee satisfaction
o Employee turnover or retention
o Level of organizational capability
o Nature of organizational culture or climate
o Technological innovation
Evaluate potential alternatives to the issues and/or opportunities identified in the SWOT Analysis paper and table you completed in Week 3.
Create at least three strategic objectives for each of the four balanced scorecard areas. Base your solutions on a ranking of alternative solutions that includes the following:
• Identify potential risks and mitigation plans
• Analyze a stakeholder and include mitigation and contingency strategies.
• Incorporate ethical implications
Develop a metric and target for each strategic objective using a balanced scorecard format.
• 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.
Format paper consistent with APA guidelines.
|
Compute the current break-even sales
: Currently, the unit selling price of a product is $200, the unit variable cost is $160, and the total fixed costs are $336,000. A proposal is being evaluated to increase the unit selling price to $220. Compute the current break-even sales (units).
|
|
Advantages and disadvantages of arbitration and mediation
: This week's lesson compared the advantages and disadvantages of arbitration and mediation. Consider and comment on the following question:
|
|
Knowledge management assessment
: Using the company case history provided, carry out a knowledge management assessment in order to identify areas where knowledge management interventions would be both appropriate and beneficial. Please address the following questions:
|
|
What is the crsp
: Focus on the daily log returns, in percentages, of EXXON-Mobil stock and the S&P composite index used in Example. Fit a BEKK(1,1) model to the innovations of log returns. Write down the fitted model and obtain mean, standard error, minimum, and ma..
|
|
Analyze a stakeholder and include mitigation strategies
: Identify potential risks and mitigation plans. Analyze a stakeholder and include mitigation and contingency strategies. Incorporate ethical implications
|
|
Analysis of social network sites
: COMC102: FINAL PROJECT. Corporate Social Responsibility: analysis of the advantages and disadvantages. Should your company, workplace, organization adopt such a policy? (this excludes Starbucks) Analysis of Social Network Sites as a viable option t..
|
|
Discuss about the mandatory access control
: Imagine you are an Information Systems Security Specialist for a medium-sized federal government contractor. The Chief Security Officer (CSO) is worried that the organization's current methods of access control are no longer sufficient. In order t..
|
|
Firm designs training materials for computer training class
: Your firm designs training materials for computer training classes, and you have just received a request to bid on a contract to produce a complete set of training manuals for an 8-session class. What is the Total Price? This is what you would charge..
|
|
What can you infer from the test about your strengths
: What can you infer from this test about your strengths and weaknesses? How does my personality type affect my career and effectiveness at my job?
|