Homework: Strategic Management Plan
Complete your strategic plan. Note that you only need to submit these as part of the final completed plan.
Part 1: Implementation
Write a 700 to 1,050 words report describing how you plan to implement your strategic plan. In your report:
a. Determine the potential barriers you anticipate and how you plan to overcome them.
b. Create a plan for communicating your plan to all the organization's employees.
c. Describe market entry strategy and the procedure you plan to use to implement your strategic plan.
d. Choose methods and strategies to support implementation processes.
Part 2: Evaluation and Control
Write a 700 to 1,050 words evaluation plan in which you:
a. Determine what measurement guidelines should be used to verify strategy effectiveness.
b. Explain when you would consider altering the strategic plan you have suggested if implementation does not go according to plans.
c. Determine what tolerance range should be in place that would call for corrective action if exceeded.
d. Determine what corrective action you would need to make if the organization's performance fell outside the tolerance range.
Compile Parts 1 through 5 into strategic plan as follows:
Describe the strategic planning model you have chosen for your organization.
Part A: Organizational Structure
a. Analyze the framework of a strategic plan.
b. Evaluate the relationship between the strategic plan and organizational mission, vision, and values.
Part B: Environmental Analysis and Setting Strategic Goals
a. Include your SWOT Analysis.
b. Evaluate the significance and implications of an external environmental analysis in the development of a strategic plan.
c. Analyze evolving external issues that can have an impact on the strategic plan.
d. Evaluate benefits of competitive analysis as part of the strategic planning process.
Part C: Financial Plan
a. Evaluate the impact of internal resources and financial capabilities on the business model implementation.
b. Create a financial plan that includes the key elements needed to support the implementation of a strategic plan.
c. Include your projected budget.
Part D: Implementation
a. Develop a communication plan that supports and manages the implementation strategy.
b. Choose methods and strategies to support implementation processes.
Part E: Evaluation and Control
a. Determine what measurement guidelines should be used to verify strategy effectiveness.
b. Explain when you would consider altering the strategic plan you have suggested if implementation does not go according to plans.
c. Determine what tolerance range should be in place that would call for corrective action if exceeded.
d. Determine what corrective action you need to make if the organization's performance fell outside the tolerance range.
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.