Scenario: The board of directors of Target has asked your
team to create a strategic plan for the organization.
Create a 2,500- to 3,500-word strategic plan for the
selected organization starting from what you learned in Week One and using a
similar strategic management process as Concepts in Strategic Management and
Business Policy. You may also use information from the team project you
completed in Week Four to create the strategic plan.
Cover thoroughly the areas of environmental scanning,
strategy formulation, strategy implementation, and evaluation and control.
Address the following questions in your strategic plan:
- Why does your organization need a strategic
plan?
- What role should ethical and social
responsibility considerations have in your organization’s strategic
management plan?
- What competitive advantages does
have, and which competitive strategies should your organization utilize to
improve innovation and sustainability in both domestic and international
applications?
- What measurement guidelines should be used
to verify strategy effectiveness?
- What internal dynamics along with cultural
and structural leadership considerations should be used in implementing
business strategy for your organization?
- How do they influence business continuity?
- What assessment and
feedback controls should be used to determine the direction to take your
organization? If the strategy of your organization does not go according
to plan, at what point would you consider altering the strategic plan you
have suggested?
Explain and justify all of the
decisions you have made for your strategic plan, using research and
understanding learned from the reading material.
Format your paper consistent with APA guidelines.
Present a completed strategic plan to the board of directors
for the selected organization.
Outline your strategic plan for the sected organization in a 20- to 30-slide presentation using Microsoft® PowerPoint®.
Describe why the selected organization needs a plan, and walk the
audience through every step in the strategic management process.
Include ethical considerations, environmental scanning for
competitive advantages, innovation and sustainability considerations,
measurement guidelines, internal dynamic and resource considerations for
strategy implementation, and what feedback considerations your organization
should put into place to ensure the success of the company.
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