Business Model and Strategic

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First Part:

Resources: University of Phoenix Material: Business Model and Strategic Planning Outline; Innovation Business Model, Vision, Mission, Values; Supply and Value Chain; SWOTT Analysis; Balanced Scorecard; Communication Plan (the papers you already did about samsung’s new product and division)


Write a 900 word section for your business model and strategic plan in which you add your strategies and tactics to implement and realize your objectives, measures, and targets.


Include marketing and information technology strategies and tactics.


Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally.


Explain the ethical issues faced by the organization, summarize the legal and regulatory issues faced by the organization, and then summarize the organization’s corporate social responsibility.

 
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Critical thinking assignment

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Write minimum of 160 words on each of the following topics:

  • Describe a situation of public interest in which critical and/or creative thought could have been used for a better outcome. Describe why it is important to think critically and creatively in similar situations.
  • Define free will, truth, knowledge, and opinion. Explain how we use them to form thoughts. What role does each play in critically assessing situations?
  • Identify three hindrances to the critical thinking process. Determine methods for overcoming these hindrances. Identify a time in which you experienced a hindrance in critical thinking. Describe a method you could use to overcome the hindrances.
  • Identify a message in advertising. Describe how you perceive the message of the advertisement. Try to determine the reality of the advertisement. Distinguish between your perception and the reality of the message.
 
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Critical and creative thinking Presentation

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The assignment is a team one. My part is the yellow one. The format we choose is an editorial article. The information to use for is attached. Using the attached presentation you will proovide 2-3 slides with speaker notes and references about my topic that is the one highlighted in yellow.

Use the issue addressed in your previous Learning Team. (attached is the presentation and information of the issue)

Select the most appropriate format to persuade your intended audience of the resolution to your issue. Possible formats include a political campaign, a city council proposal, an editorial article, a commercial, a radio-style podcast, a comprehensive political pamphlet, an interactive game, a website, and so forth. Focus on creativity and on solid persuasive technique.

Explain why you chose your format for your intended audience.

Create a presentation of your message as you would present it to your intended audience. Include the following in your presentation:

  • Consider possible reasons your audience might reject your ideas. Address anticipated audience objections to your proposal.
  • Devise strategies for persuading your audience to accept your proposal and incorporate that persuasion in your presentation of the message.
  • Strategically organize your material to deliver your message with the ultimate effect.



Present your Persuasive Communication Presentation in class. Your presentation must be 15 to 20 minutes in length.

 
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Business Model and Strategic Plan Part II: SWOTT Analysis Paper

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Conduct an internal and external environmental analysis, and a supply chain analysis for your proposed new division and its business model.


Create a SWOTT table summarizing your findings. Your environmental analysis should consider, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table.

  • External forces and trends considerations:
  •  
  • Legal and regulatory
  • Global
  • Economic
  • Technological
  • Innovation
  • Social
  • Environmental
  • Competitive analysis
  • Internal forces and trends considerations:
  •  
  • Strategy
  • Structures
  • Processes and systems
  • Resources
  • Goals
  • Strategic capabilities
  • Culture
  • Technologies
  • Innovations
  • Intellectual property
  • Leadership

Write a synopsis of no more than 1,050 words in which you analyze relevant forces and trends from the list above. Your analysis must include the following:

  • Include economic and legal and regulatory forces and trends.
  • Critique how well the organization adapts to change.
  • Analyze and explain the supply chain of the new division of the existing business. Share your plans to develop and leverage core competencies and resources within the supply chain in an effort to make a positive impact on the business model and the various stakeholders.
  • Identify issues and/or opportunities:
  •  
  • Identify the major issues and/or opportunities that the company faces based on your analysis.
  • 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.

 
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Strategic objectives summary

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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 (an example is attached in the presentation) 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 SWOTT analysis and supply chain analysis.


Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:

  • Shareholder Value or Financial Perspective, includes strategic objectives in areas such as:
  •  
  • Market share
  • Revenues and costs
  • Profitability
  • Competitive position
  • Customer Value Perspective, includes strategic objectives in areas such as:
  •  
  • Customer retention or turnover
  • Customer satisfaction
  • Customer value
  • Process or Internal Operations Perspective, 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, 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

Develop at least three strategic objectives for each of the four balanced scorecard areas identified (Financial, Customer, Process, Learning and Growth). Your objectives should be selected, in part, based on an evaluation of a number of potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis paper and table you completed in Week 3.


Base your solutions on a ranking of alternative solutions that includes an identification of potential risks and mitigation plans, and a stakeholder analysis that includes mitigation and contingency strategies. You should also incorporate the ethical implications of your solutions into your selection.

  • 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.)

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.

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.

 

Format paper consistent with APA guidelines.

 
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Assignment for Basic Nutrition-Final Project

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This will include observations and a paper. You are to observe on three separate occasions the following age groups: a child, a young adult, and a senior citizen (but not a nursing home resident). Include the date and time of the observations, where you are observing, food choices, potential calories of each meal, environmental factors such as noise level, distractions, busy family style, pace of eating, age of person. Each observation is to be for a minimum of 30 minutes.

This can be a journal format, a word processing paper, etc. that allows you to summarize:

Who – who is being observed and why did you select that person. Do you know if the person is a vegetarian? Do they have special dietary needs?

What – what are they doing while eating and what are the environmental factors. What are they eating, how much, is disproportionate as to carbohydrates versus fruits and vegetables. What about protein? What are they consuming as a beverage?

When – time of day, day of week, etc.

Why – why is it important to know the basic nutrition habits of these 3 age groups.

The written summary is to be a minimum of 5 pages double spaced, Times New Roman 12 font not including the title page or the reference page. Submit in the Final Project drop box.

 
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MGT411 Innovative and Creative Business Thinking

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Innovative Technology Worksheet

Your company, a large online high school, is planning to implement a new innovative social networking technology for their students. The technology would allow students to get to know one another, network, and participate in school activities, such as having virtual student body elections and virtual student committees. The company feels that the ability to have this type of interaction and involvement among students will set the school above the competition.

As the Chief Innovation Officer, you are responsible for the implementation and evaluation of the chosen technology. The company must decide between developing their own social networking system or acquiring a small online high school that has already started development on a similar type of system and is struggling financially. Your director, the company CEO, has come to you with some specific concerns and questions regarding which technology to select.

Submit a one-page response to your director answering all of the following questions:  

  1. What factors must be considered when implementing an innovative technology internally? What factors must be considered when implementing an externally acquired innovative techology? How do the implementaion issues differ? How are they the same? 
  • What factors must be considered when evaluating an internally implemented innovative technology? Why?
  • What factors must be be considered when acquiring an innovative technology externally? Why?
 
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MGT411 Innovative and Creative Business Thinking

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Organizational Ecosystem Case Study

Wal-Mart Stores, Inc. is a leading company in its industry and a widely recognized name, both domestically and internationally. Additionally, Wal-Mart has taken steps to ensure the success of not only its company but also their business ecosystem.

Wal-Mart Stores, established in 1969, is the largest retail company in the world, with over 4,000 stores in 12 countries. Wal-Mart has three types of retail stores: discount stores, supercenters, and neighborhood markets, as well as Sam’s Club warehouse stores. Between the various types of Wal-Mart and Sam’s Club stores, Wal-Mart Stores, Inc. offers merchandise and services that range for grocery goods and household supplies to tire and lube service, clothing, and vision centers. Additionally, Wal-Mart has an online music store, a private label cosmetics brand, and pre-paid debit cards for low-income US customers. Some of the company’s private-label brands are Sam’s Choice, Equate, No Boundaries, Mainstays, and Parent’s Choice. Wal-Mart also stocks several licensed brands, including General Electric, Disney, McDonalds, and Mary-Kate and Ashley. For the fiscal year ending in January 2008, Wal-Mart reported over $375 billion in revenue (Wal-Mart Stores, Inc. Company Profile, 2008).

Wal-Mart has dominated its market, in part, due to the way it approached its business ecosystem (Iansiti & Levien, 2004). There are many examples of Wal-Mart’s ecosystem approach, including their procurement system and their recent focus on more specialized stores.

Keeping its ecosystem in mind, Wal-Mart has built a procurement system that not only enhances its performance, but the performance and operation of businesses within its ecosystem. Wal-Mart Stores, Inc. requires that all of its suppliers operate the RetailLink® system (Requirements, 2008). RetailLink® is a one-of-a-kind system that allows suppliers to receive real-time data regarding their product in individual stores. Such real-time data allows suppliers to effectively plan for and execute distribution, while also personalizing their product supply by store. According to Iansiti & Levien (2004), “Wal-Mart’s procurement system offers it’s suppliers invalueable real-time information on customer demand and preferences, while providing the retailer with a significant cost advantage over its competitiors” (p. 69).

Stankevich (2002) noted the success of Wal-Mart’s system in terms of micromarketing and efficiency. Jon Ragsdale, vice president of marketing at Dickies, discussed with Stankevich the way RetailLink® brought to light the differences in demand for different sizes and colors of products in different markets. Ragsdale noted, “Before RetailLink®, we were using pretty much a cookie cutter approach to stores” (para. 10).      

In recent years, Wal-Mart has begun to take a more specialized approach by offering different goods and adjusting the layout of the stores based on location demographics. Once a one shop fits all store, Wal-Mart now has several stores that cater to the needs of a specific location. One store in Plano, TX has been adapted to appeal to the higher number of affluent customers in that area. The store now offers consumer-electronic specialists, that are more versed in the specifics of electronics than a typical sales associate. Also, that particular store adapted the sporting goods section to have more of a child focus, based on the notion that more affluent individuals purchase their sporting goods from country clubs (Zimmerman, 2006).

In terms of competition, Wal-Mart plays an interesting role. While the most obvious conclusion is that Wal-Mart is the biggest competition for small businesses and retailers, it is apparent that their approach to a business ecosystem is also positive for small business owners. “For small manufacturers and small consumer-goods companies, Wal-Mart is the customer they pray for and the one that can propel their company into big-time sales. Wal-Mart is the ‘elephant’ they dream of bagging” (Campbell, 2005, para. 5).

Questions

After reading the case study on Wal-Mart, use the case study and information from your weekly readings to answer the following questions in 200 words each.

  1. What is a business ecosystem? Do all businesses function within an ecosystem? Why or why not?
  • What potential role does the ecosystem play in Wal-Mart’s innovation efforts? Provide examples.
  • In terms of innovation and creativity, what are the advantages and disadvantages of functioning within an ecosystem?


References

Campbell, A. (September 19, 2005). On Wal-Mart, small businesses and business ecosystems. Small Business Trends. Retrieved June 13, 2008 from http://www.smallbiztrends.com/2005/09/on-wal-mart-small-businesses-and.html/

Iansiti, M. and Levien, R. (March 2004). Strategy as ecology. Harvard Business Review. 82(3). 68-78. Retrieved on June 13, 2008 from Ebscohost database.

Requirements. (2008). Wal-Mart. Retrieved on June 16, 2008 from http://walmartstores.com/Suppliers/248.aspx

Stankevich, D. (March 1, 2002). Sizing the market: Wal-Mart masters the micromarketing of clothing. Velocity Company. Retrieved on June 16, 2008 from http://www.velocity.biz/company/pr_sizing_walmart_retaillink.htm

Wal-Mart Stores, Inc. Company Profile. (May 2008). Datamonitor Business Information Center. Retrieved on May 30 from Marketline Business Information Center.

 

Zimmerman, A. (2006, September 7). Thinking local: To boost sales, Wal-Mart drops one-size-fits-all approach. The Wall Street Journal. p. A1. Retrieved on June 13, 2008 from ProQuest database.

 
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Business Proposal

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Part I- Only the highlighted part, attached is the other part of the paper so you can use it.

You are a management team in a selected virtual organization. Your business is shifting its focus and has indicated innovation as a high priority. To integrate innovation into the culture of the company even further, an employee measurement and reward system is being developed by your team.

Access the Virtual Organization web page to Huffman Trucking as the basis for your team assignment.

Write a business proposal. Determine how you might measure and reward employees for innovative thinking and write an informal proposal of your ideas to the organization’s CEO or founder Your proposal must be at least 500 words and include the following:

  • Define how success will be measured.
  • Describe how the system will affect the hiring process.
  • Describe how employees will be rewarded for innovative thinking.
  • Describe how the system might affect financial management, investor relations, and market perceptions among shareholders.
 
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Competitive advantage

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Use your organization and research from last week’s Environmental Scan Paper for this assignment.

  • Decide which competitive advantages your organization has in common with the companies researched last week, and estimate which competitive strategies your organization could use to improve innovation and sustainability of business operations both in the United States and in the global market.
  • Explain why you chose these competitive strategies and estimate how they might affect sustainability of long-term organizational performance.
  • Explain how the global market would affect the business strategy of your organization.
 
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