Bachelor’s Capstone Seminar Week 1

May 12, 2010

Key Elements of a Strategic Plan:

1) Communication Strategy
2) Planning Task Force
3) Vision Statement
4) Mission Statement
i. Who we are
1) Values
i. Beliefs and how we operate
1) Goals
i. Strategies used to reach vision
1) Objectives
2) Tasks
i. Specific actions assigned to specific people in the organization
1) Implementation Plans
i. How to implement the plan
1) Monitoring the Strategic Plan
i. Monitor success and challenges
ii. Define goals and objectives

Realign goals every two years

Strategic plan: keeping things the same

Dynamic plan: making changes in your plan

Resources:

Financial
a) Where you are now and where you want to be in the future
Operations
b) lean operations
Quality of organization
c) increase quality
Core Competencies
d) understand how you’re doing and doing it right
Good example is Dell

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 Bachelor’s Capstone Seminar Week 1
May 12, 2010

CTQ-CRITICAL TO QUALITY ITEMS

Cost time and quality
Tools-SWOT Analysis, PDCA Cycle
Benchmarking
Partnerships
Co-opetition (Brandenburger & Nalebuff, 1996)
Developing a Capacity to deal with Change
External Environment
Internal Base
Managing for Change
Continuous Learning
Continuous Improvement

Kotter’s 8-Step Model for Change

Set the Stage

1. Create a sense of urgency

2. Pull together the guiding team

Decide What to Do

3. Develop the change vision and strategy

Make It Happen

4. Communicate for understanding and buy in

5. Empower others to act
6. Produce short term wins
7. Don’t let up

Make It Stick

8. Create a new Culture

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 Bachelor’s Capstone Seminar Week 1
May 12, 2010

Global Corporate Social Responsibility

Denver International Airport

Renewed Commitment to Community Service

What other forms of Global Corporate Social responsibility exist?

EXTRA EXTRA TAB TO REVIEW TIMELINE FOR FINAL PROJECT

http://www.bplans.com/sample_business_plans.cfm