Part 1.
1. Can you explain the Five Steps to a Strategic plan according to the Forbes article and how could they help large organizations? Is it too simplistic for Medium or Large size companies? http://www.forbes.com/sites/aileron/2011/10/25/five-steps-to-a-strategic-plan/#7c3d39a661af
400 words
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- 2. After reading the article in the link below, which talks about the risk and impact that big organizational changes could have in an organization, please answer the question below.
http://www.forbes.com/sites/kevinready/2013/07/24/a-hidden-risk-of-big-organizational-change/#7fd4f8c59e3d
What gives you the energy to roll out of bed every morning, put our shoes on, and show up at the office with your game face on? 400 words
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- 3. After reading the information below regarding Blue Oceans, please answer the following question.
It is sometimes hard to find the actual application of concepts that we are exposed to in our books could be confusing. Think of opportunities for creating your Blue Oceans and how to apply the theory to make it a reality.
Can you think of a product/service that could take advantage of the creation of a Blue Ocean?
http://www.forbes.com/sites/danschawbel/2014/02/14/w-chan-kim-how-entrepreneurs-can-find-their-competitive-edge/#6a000fd8457d
400 words
4. Recall the readings and activities you have completed this week, and describe the one or two points that were least clear to you. What questions do you have that would help you understand these points better?
Part B
Final Strategic Plan
Create a Word Document with the Final Strategic Plan. The Final Strategic Plan contains the elements of all the previous weeks’ components and incorporates instructor feedback. The strategic recommendations will be evaluated and the best options chosen for recommendation. The final strategic plan contains:
- Table of Contents
- Executive Summary (350 to 700 words)
- Company Background
- Mission Statement
- Vision Statement
- Value Statement
- Environmental Scan (week 3)
- Internal and External Environmental Analysis ( week 4)
- Strategic Recommendation ( week 4)
- Implementation Plan ( week 5)
- Organizational Change Management Strategies ( week 5)
- Risk Management Plan ( week 5)
- Conclusion
- References ( combine all weekly references)PLUS – Create a 25- to 35-slide Microsoft® PowerPoint® presentation with speaker notes to present the strategic plan, combining all relevant elements from previous weeks. The objective is to sell the strategic plan to investors or company directors.
