Reference no: EM131157069
Write a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.
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 SWOT analysis and supply chain analysis.
Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:
-Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as:
- Market share
- Revenues and costs
- Profitability
- Competitive position
-Customer Value Perspective, which includes strategic objectives in areas such as:
- Customer retention or turnover
- Customer satisfaction
- Customer value
-Process or Internal Operations Perspective, which includes strategic objectives in areas such as:
- Measure of process performance
- Productivity or productivity improvement
- Operations metrics
- Impact of change on the organization
-Learning and Growth (Employee) Perspective, which includes strategic objectives in areas such as:
- Employee satisfaction
- Employee turnover or retention
- Level of organizational capability
- Nature of organizational culture or climate
- Technological innovation
-Evaluate potential alternatives to the issues and/or opportunities identified in the SWOT Analysis paper.
-Create at least three strategic objectives for each of the four balanced scorecard areas. Base your solutions on a ranking of alternative solutions that includes the following:
- Identify potential risks and mitigation plans
- Analyze a stakeholder and include mitigation and contingency strategies.
- Incorporate ethical implications
Develop a metric and target for each strategic objective using a balanced scorecard format.
- 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 that includes the following:
- Define the purpose.
- Define the audience.
- Identify the channel(s) of communication and why you selected that channel.
Format paper consistent with APA guidelines.
|
What is the order of the overall transfer function
: What are the zeros of G(s)? Where arc they located? Under what condition(s) will one or more of the zeros be located in the right-half s-plane?
|
|
Leading agile development model for completing projects
: To help manage projects, project managers often employ industry standard frameworks to streamline the processes within the project. Which of the following is the leading agile development model for completing projects with a complex innovative scope ..
|
|
Explain in details on theory
: Classical Theories were developed through several streams or approaches, one of these approaches was through "The Administrative theory" by Fayol.
|
|
Does your organization have a pto bank or several categories
: Does your current (or previous) organization have a strategy in place to communicate its benefits plan to employees? If so, how effective is it, and what can be done to improve it? If not, what are your thoughts on putting a benefits communication..
|
|
Develop the strategic objectives for your new division
: 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
|
|
Growing a company by international acquisition
: Describe two major ways in which acompanycan grow. Give examples to illustrate the two ways of growing. Businesses grow when they have the resources to expand and opportunities exist for growth. Explain how the acquisition of Berendsen provided suc..
|
|
Corporate parenting strategies implemented
: Submit a two-page description of at least three corporate parenting strategies implemented within the company JETBLUE AIRLINES. Provide clear examples of how corporate level executives are involved in these strategies and how they support the comp..
|
|
A man sold a chair and a table together for 1520 thereby
: A man sold a chair and a table together for 1520, thereby making a profit of 25% on chair and 10% on table. By selling them together for 1535, he would have made a profit of 10% on chair and 25% on the table. Find the cost price of each.
|
|
Execute stress testing under scenarios of likely adversity
: Perform stress testing under scenarios of likely adversity and value your firm using appropriate valuation techniques on the pro forma financial data analysis you constructed earlier in the course.
|