Develop your ability to use strategic planning tools

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Reference no: EM132544909 , Length: word count:800

Company name is ABX PVT LTD

Overview
Though flexibility and adaptability are often required in today's business world, organizations still require a roadmap that encompasses the parameters against which they will make managerial decisions as well as the steps they plan to take to ensure they get from point A to point B. This assignment will ask you to develop a 3-year strategic plan for an organization with which you are affiliated. It could be your place of employment, a volunteer organization, a sports team, a religious organization, or even your child's day care facility. The assignment will ask you to develop your strategy in three phases: strategy formulation, strategy implementation, and strategy evaluation.

Instructions

This assignment is designed to expose you to the complexity of a strategic plan and the measures required for properly implementing and evaluating a plan. It will allow you to:
1. Expand your knowledge of strategic planning within an organization.
2. Develop your ability to use strategic planning tools.
3. Contribute to your ability to assess the strategic directions and plans for an organization with which you are affiliated.
4. Create a fully implementable strategic plan.

The assignment will be submitted in four parts throughout the semester. The staged approach is designed to allow you to submit drafts of the three main areas of the project so that early feedback can be incorporated into your final project submission at the end of the course.

Instructions
Prepare a draft document for review by your professor that includes the following:
• Auditing Plan/Balanced Scorecard that will define how objectives are going to be tracked over the next three years.
• Contingency plan that outlines what steps can be taken to address unforeseen changes to internal or external environments over the coming three years.

Attachment:- Strategic planning tools.rar

Reference no: EM132544909

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