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BUS 475 Week 5 Individual Assignment Final Strategic Plan and Presentation
What is strategic management? What are the roles of mission and vision statements
in strategic management? Can an organization have a successful strategic plan
without effective mission and vision statements? Why or why not?
Select a small business that you may want to start. What is strategic management
and planning? Why would a strategic plan be important to the success of this
business? How are the four functions of management relative to creating and
implementing a strategic plan?
What is a SWOTT analysis? What is its purpose in strategic planning? Must you
conduct a SWOTT analysis to have an effective strategic plan? Why or why not?
Write a 1,050- to 1,400-word paper in which you explain the importance of your
selected businesss vision, mission, and values in determining your strategic
direction. Please do not write about an existing business. Create a new business and
include the following:
Define your business, products or services, and customers by developing a mission
statement. Ensure that you are differentiating your product or service.
Create a vision for this organization that clearly demonstrates your decision on what
you want your business to become in the future.
Define your guiding principles or values for your selected business considering the
topics of culture, social responsibility, and ethics.
Analyze how the vision, mission, and values guide the organizations strategic
direction.
Evaluate how the organization addresses customer needs and critique how they
achieve competitive advantage.
Format your paper consistent with APA guidelines.
Discuss an existing organization with which you are familiar that is different than
the one you used for the Conceptualizing a Business paper.
Write a 700- to 1,050-word paper in which you analyze the individual values and the
organizations values as reflected by the organizations plans and actions. Include the
following in your paper:
Analyze the origin(s) and subsequent evolution of your personal and workplace
values. Explain how your individual values drive your actions and behaviors, and
analyze the alignment between your values and actions and behaviors.
Analyze the degree of alignment between the organizations stated values and the
organizations actual plans and actions.
Explain the differences and analyze the degree of alignment between your values and
the organizations values as reflected by the organizations plans and actions.
Format your paper consistent with APA guidelines.
What are strategic objectives? What is the purpose of strategic objectives? What
makes an effective strategic objective? What are examples of strategic objectives for
you organization or one with which you are familiar?
What is the difference among strategic, long-term, and short-term objectives? What
is the relationship between objectives and goals? What are examples of this
relationship?
Competitive analysis
2. Internal forces and trends considerations:
Strategy
Structures
Processes and systems
Resources
Goals
Strategic capabilities
Culture
Technologies
Innovations
Intellectual property
Leadership
Write a 1,400- to 1,750-word synopsis in which you analyze at least seven of the
forces and trends from the list above. Your analysis must include the following:
1. Include economic as well as legal and regulatory forces and trends.
2. Critique how well the organization adapts to change.
3. Analyze the supply chain operations of the organization.
4. Identify issues and/or opportunities:
Identify the major issues and/or opportunities that the company faces based on your
analysis above.
Generate a hypothesis surrounding each issue and research questions to use for
conducting analysis.
Identify the circumstances surrounding each issue; classify the circumstances;
attribute the importance of each classification; and test the accuracy of the
importance for each classification.
Format your paper consistent with APA guidelines.
Select one organization of the Virtual Organizations from the student website.
Write a 1,400- to 2,100-word paper in which you complete the following:
State the primary reasons for the organizations existence from an analysis of the
mission, vision, values, and goals.
Analyze the reason for the type of organizational structure employed by the
organization, and identify the key positions that support that organizational
structure.
Identify and explain the steps of the collaboration process among the functional
areas that must be employed to achieve organizational goals, and prepare an action
plan to implement the collaboration process.
Identify and provide an example of the use of lateral collaboration and vertical
collaboration within the organization, and prepare an action plan to use lateral and
vertical collaboration.
Identify the key stakeholders and their roles needed to achieve the organizational
goals, and recommend the collaborative interactions among the key stakeholders to
facilitate the organizations success.
What things should be taken into consideration in the creation of a roadmap for a
strategic plan? What are examples of external and internal change agents? What
role do change agents play in the execution of a road map for a strategic plan?
For each strategic objective, develop a metric and target using a balanced scorecard
format. (For 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.)
Write a 700- to 1,050-word summary that explains your critical thinking on how you
derived your objectives from your vision, mission, values, and SWOTT analysis.
Format paper consistent with APA guidelines.
Develop a generic communications plan and template. This template will be used to
develop a communication plan for your Final Strategic Plan, due in Week Five.