Reference no: EM133671724

Strategy Formulation, Recommendation, and Implementation Plan

This module application is focused on formulating and articulating a recommendation for Medtronic, the Medical Device Sales company, as well as establishing a plan for implementing the recommendation. There should be less research than in prior weeks and more effort on analysis and reporting; so:

Review the THE major problem OR opportunity facing the company today.

Develop an ethical and implementable recommendation using theories and tools. Demonstrate, using the organization's structure, leadership, culture, and mission/vision, how your recommendations can be applied to the company, leveraging the organization's strengths.

Provide an overview of the major implementation activities, estimated timeline and any resource investments necessary (i.e. a budget, which is required) for your recommendation. In other words, you should be able to discuss what would be needed for managers to implement your recommendations: steps for implementation, a timeframe for each of those steps, budget estimates for each step, and feasibility of the plan (e.g., costs, acceptance by employees, training needed, expertise of employees, capabilities, etc.).

Create a Balanced Scorecard to demonstrate the goals and measures that could be used to gauge success in the implementation of your recommendation. Using the criteria from the Key Results Areas (KRAs; from assignment 2), show how your recommendation would impact these key areas of success for their industry.

Include an organizational chart for your selected company. Note: A chart demonstrates the structure of the organization; a list of executives does not achieve this visual. If you cannot find a copy of an official organizational chart, then ask for one. There are also free resources online that may have your organization's chart, such as theorg.com, Links to an external site.or you can create one based on what you know about the organization from your research.

Finally, note any significant organizational considerations, including board of directors structure and membership changes, organizational structure changes, and leadership demands or impact. Think about the ethics involved in your recommendation. Be sure that all major stakeholders are considered and that you communicate potential impact on these stakeholders.

Note: How your recommendation will impact the organization's competitive advantage over the long term.

Additional notes: You need to establish your a recommendations based on your analysis to help the organization address their weaknesses and threats and/or take advantage of opportunities, so that they can sustain competitive advantage in the future. Remember your organization is NOT perfect. I will be looking for thoughts on how the company could do this, NOT what they are already doing or someone else's ideas.

Suggested outline for the report:

Introduction
Problem or Opportunity identification- be clear and succinct
Proposed solution (all remaining aspects of this report must be analyzed in relation to a proposed solution)
Implementation activities (each topic is required):
Steps needed for successful implementation
Estimated timeline
Estimated budget
Organizational Considerations- Organizational chart plus demonstrated impact of recommendation on structure
Applied BSC
Impacts on KRAs
Feasibility analysis
Conclusion