Reference no: EM133724147

Question: Now that your business consulting plan is complete you need to consider how to measure its success and determine changes moving forward.

Discuss two strategies to evaluate the success of your plan.

Predict one possible risk that could impact the success of your consulting plan and a strategy to mitigate that risk.

Discuss two strategies for responding to stakeholder feedback, including a plan to address stakeholder concerns.

Provide a substantive response to one or more of your classmates.

Classmate post:Hello Everyone,

STRATEGIES TO MEASURE THE SUCCESS OF MY CONSULTANT PLAN
Set a goal - This can be yearly, monthly, or daily depending on the size of the company. In my case, since my company is Bath and Body Works, a very large chain. After my plan has been put in place I will set monthly goals with continuous monitoring. This will allow me to make the necessary adjustments to reach the goal if needed. For example, one of the key areas of concern was customer service and communication. Now necessary training has been given to all employees. Store traffic and sales should increase if this is not the case then I can see who or what is not working. This makes it easier to prioritize tasks and make a better decision.
SWOT Analysis- This will help determine the strengths, weaknesses, opportunities, and threats of my consultant plan. Clear insight into all areas of my plan and gives me room to mediate the threats while capitalizing on strengths and opportunities. For example, giving customers daily discounts to where it is hurting profits. This is a threat to sales and to keep this from happening I can increase the original price and give customers discounts where it looks like they are saving but the company is the one making a profit. This is where continuous monitoring takes place because some customers will wait on sale and promotion days to purchase so they never pay the asking price.