Details
Due
Points
Objectives
1.1 Define strategic management and planning.
1.2 Create an organizational mission and vision statement.
1.3 Analyze an organization in terms of its structure, culture, and purpose.
1.4 Develop a strategic plan.
12/17/13
Read Ch. 7 of Strategy: Winning in the Marketplace.
Review this week’s Electronic Reserve Readings.
12/17/13
Participation
Participate in class discussion.
12/17/13
2
Final Examination Preparation
The Final Examination in this course is a comprehensive examination that covers content from the core courses in the BSB program. The Sample Examination in this week should prepare you for the Final Examination you complete in Week Five. You are encouraged to complete this Sample Examination as practice prior to completing the Final Examination.
12/17/13
Week Two: Internal and External Environment
Details
Due
Points
Objectives
2
2.1 Conduct a SWOTT (Strengths, Weaknesses, Opportunities, Threats, and Trends) analysis.
2.2 Analyze the effect of the external and internal environments on an organization’s strategic plan.
1/7/14
Readings
Read Ch. 4–6 of Strategic Management.
Read Ch. 3 of Strategy: Winning in the Marketplace.
Review this week’s Electronic Reserve Readings.
1/7/14
Participation
Participate in class discussion.
1/7/14
2
Individual
Strategic Plan, Part I: Conceptualizing a Business
Write a 1,050- to 1,400-word paper in which you explain the importance of your selected business’s vision, mission, and values in determining your strategic direction. Include the following:
Define your business, products or services, and customers by developing a mission statement. Ensure that you are differentiating your product or service.
Create a vision for this organization that clearly demonstrates your decision on what you want your business to become in the future.
Define your guiding principles or values for your selected business considering the topics of culture, social responsibility, and ethics.
Analyze how the vision, mission, and values guide the organization’s strategic direction.
Evaluate how the organization addresses customer needs and critique how they achieve competitive advantage.
Format your paper consistent with APA guidelines.
Prepare to discuss this assignment with the class.
1/7/14
10
Learning Team
Value Alignment
Discuss with your Learning Team an existing organization with which you are familiar that is different than the one you used for the Conceptualizing a Business paper.
Write a 700- to 1,050-word paper in which you analyze the individual values and the organization’s values as reflected by the organization’s plans and actions. Include the following in your paper:
Analyze the origin(s) and subsequent evolution of your personal and workplace values.
Explain how your individual values drive your actions and behaviors, and analyze the alignment between your values and actions and behaviors.
Analyze the degree of alignment between the organization’s stated values and the organization’s actual plans and actions.
Explain the differences and analyze the degree of alignment between your values and the organization’s values as reflected by the organization’s plans and actions.
Format your paper consistent with APA guidelines.
Prepare to discuss this assignment with the class.
1/7/14
10
Week Three: Strategy Development
Details
Due
Points
Objectives
3
3.1 Develop strategic objectives.
3.2 Create organizational objectives and goals.
1/14/14
Readings
Read Ch. 7 of Strategic Management.
Read Ch. 4 of Strategy: Winning in the Marketplace.
Review this week’s Electronic Reserve Readings.
Participation
Participate in class discussion.
1/14/14
2
Individual
Strategic Plan, Part II: SWOTT Analysis
Conduct an internal and
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Strategic Planning MT460: Management Policy and Strategy Strategic planning is a critical part of running a successful business. By anticipating environmental changes and unexpected internal and competitive demands, a strategic management team can plan for company’s long-term goals. “Different from classic business planning, the strategic variety involves vision, mission and outside-of-the-box thinking”, (Evans, 2010). Formulating a strategic plan helps executives to make…
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It is fundamentally clear that a combination of planning types and planning techniques establishes the core foundation of a company’s’ goal in achieving success. McDonald’s is no other different; however their focusing approach applies to areas that may differ from other companies. They incorporate long-range plans with budget plans by using a foresight of expansion of more franchises domestically and international. Their long term objective is the highlight of their motto “the plan to win”. The…
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Strategic Management Assignment 1 Table of contents Page 1. Introduction 2 2. Advantages of Strategic Planning 2.1. Financial Advantage 2 3. Disadvantage of Strategic Planning 3.1 Distortions and Deceptions 3 4. Friedman view of business social responsibility 3 5. Having a look at Sasol’s Social contribution 5 6. References 6 1. Introduction There are a number of advantages and disadvantages of strategic…
Conventional Strategic Planning, Strategic Intent and Skill-based Strategic Thinking Stephanie Robinson Walden University Conventional strategic planning is define as tend to be oriented toward looking at problems based on current understanding, or an inside-out mind set. Strategic plan is essentially a plan or guide created by a business or organization to map out how it will reach goals, and set a foundation so the entire company knows what will happen and what is expected of them. This…