Reference no: EM131151753
Strategic Plan: Balanced Scorecard and Communication Plan for kim woods only
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:
- Market share
- Revenues and costs
- Profitability
- Competitive position
-Customer Value Perspective, which includes strategic objectives in areas such as:
- Customer retention or turnover
- Customer satisfaction
- Customer value
-Process or Internal Operations Perspective, which 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, which 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
Evaluate potential alternatives to the issues and/or opportunities identified in the SWOT Analysis paper.
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.
|
Secure funding for a neuroscience investigation
: For your project, you will finalize your grant proposal to secure funding for a neuroscience investigation. This assignment will involve integrating information covered.
|
|
Article that focuses on the economic risks
: Select a peer-reviewed article that focuses on the economic risks, political risks, or corruption issues an organization has dealt with engaged in global business
|
|
What is the federal register and code of federal regulations
: What is the Federal Register? What role does it play in rulemaking? What is the difference between the Federal Register and the Code of Federal Regulations? The Federal Register contained the following provision from the Environmental Protection Agen..
|
|
Predict the future of venture capital investment activity
: Discuss the results of investing based on the stage of growth. Analyze the trends that you believe influenced the investing and the results. Predict the future of venture capital investment activity.
|
|
Identify potential risks and mitigation plans
: 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 and Analyze a stakeholde..
|
|
Two exit strategies available to the entrepreneur
: In a three- to four-page paper (not including the title and reference pages): Identify and discuss at least two exit strategies available to venture capitalists. Include example scenarios (one for each strategy) discussing why that strategy would be ..
|
|
Incentive problems arise in the course of firm operations
: Incentive problems arise in the course of the firm’s operations. Firm managers have many opportunities to take actions that benefit themselves at the expense of outside investors. What actions can outside investors take to ensure reward equity?
|
|
What is the implication of the accounting misconducts
: What is the implication of the accounting misconducts for corporate governance? What have standard-setters done to address the accounting problems of your company?
|
|
What are the revisions to the IEEE Patent Policy
: What are the revisions to the IEEE Patent Policy and do you believe the revisions to the IEEE Patent Policy will reduce innovation? State your opinion and support it with a criteque or argument and external evidence. How would you use marginal analys..
|