Problem:
To complete the assignment you MUST submit the followings:
I. External Environment (Requires EFAS table)
II. Internal Environment (Requires IFAS Table)
III. Analysis of Strategic Factors (Requires SFAS table): Use the information from above sections (I &II) to complete SFAS.
IV. Alternatives & Recommendation: The recommendation should be your own suggestions and original based on the outcome of SFAS and should not be based on what the company has been doing. Each strategic option must have pros and cons. Additional research is required on supporting your position/recommendation. The research should be from business and peer review publications. Implementation (How to implement Alternative Strategies/Recommendations): Additional research is necessary to support steps necessary to implement the strategies recommended in section IV.
V. Evaluation & Control (What measures to be used for evaluate the outcome and control the implementation of strategies): Additional research is necessary to support steps necessary to evaluate and control the implementation stage (section V).
Important: ALL sources must be cited per APA guidelines.
Research the site of Bank of America (https://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-govhighlights).
Using your readings, the Library, and the Internet, and any additional resources necessary, you are being asked to complete the following sections of a Strategic Audit (See examples starting on page 78 and pages 179-185 following appendix 11.C):
Analysis of Strategic Factors. Since you are aware that your analysis of strategic factors or SFAS (Strategic Factor Analysis Summary) is based on IFAS and EFAS tables, and since we will need to understand your choices, you are required to submit the three tables in Excel format in one separate file from your written Word assignment. No submission of an Excel file or submission of a table in a Word file will cause you to lose half of the points of this assignment. No comments are needed on the IFAS and the EFAS tables, but comments are needed on the SFAS table, which is the foundation for this assignment (You will submit one Excel file that will include three separate sheets, one for the IFAS, one for the EFAS and one for the SFAS). As a reminder, two files are to be submitted: One Excel file (counting for three pages) and one Word file (five to seven pages double-spaced). You will be graded on your knowledge of the software and math in building the MS Excel tables, and on your ability to communicate in writing and present your arguments.
Strategic Alternatives and Recommended Strategy Here you will be graded on your ability to analyze economic, socio-cultural, political-legal, technological, and financial data to justify your available strategies and the one(s) you recommend.
Implementation: Describe the implementation of the strategy(ies) you recommended.
Evaluation and Control How do you evaluate the performance of your implemented strategy(ies)? For a sample outline of a Strategic Audit, review examples starting on page 78 and appendix 11.C.