Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | Jul 2017 |
Last Sign in: | 307 Weeks Ago, 5 Days Ago |
Questions Answered: | 5023 |
Tutorials Posted: | 5024 |
Purpose of AssignmentÂ
Students will have the opportunity to develop a Balanced Scorecard. This, in turn, will allow them to create effective strategic objectives to be included as part of their overall strategic plan. They will also be presented with the task of creating a brief communication plan that will be used by their proposed division to efficiently distribute information with regard to their strategic initiatives.Â
Assignment StepsÂ
Resources:Â Strategic Planning Outline and Week 4 textbook readingsÂ
Create a minimum 1050-word and maximum of 1400-word strategic objectives summary.Â
Include your balanced scorecard and its impact on all stakeholders, and the communication plan in one single paper.
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 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.Â
Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:
Evaluate potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis assignment and table you completed in Week 3.
Create at least three strategic objectives for each of the four balanced scorecard areas. Base your solutions on a ranking of alternative solutions including the following:
Develop a specific metric and target for each strategic objective using a balanced scorecard format.Â
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 including the following:
Format paper consistent with APA guidelines including an introduction, APA headings, and a conclusion. Cite any reference material used. Ensure any tables are embedded in the paper. I expect one single artifact to be turned in for this assignment.
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I HAVE ATTACHED A SAMPLE PAPER PROVIDED TO SHOW AN EXAMPLE OF WHAT MY TEACHER IS LOOKING FOR. PLEASE BE SURE TO INCLUDE ALL REQUIREMENTS!!
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