Identify a strategic goal within your sphere of influence

Reference no: EM131968359

Assignment

UNIT 5

Topic: Tactical Planning

Strategic Planning: Strategy Map

Details:

The Strategic Planning: SWOT Analysis assignment completed in Topic 4 helped you identify a strategic goal within your sphere of influence. This assignment asks you to visually represent the cause-and-effect relationship among goals, operations, and stakeholders. In addition, this assignment seeks to examine the impact on various operational processes within the selected organization

According to your Management textbook, a strategy map "is a visual representation of the key drivers of an organization's success, showing the cause-and-effect relationship among goals and plans." Refer to Exhibit 7.4 in the textbook. A strategy map seeks to align organizational goals into strategy and provide clear direction for the organization.

Review the mission statement of your selected organization. Prior to creating a strategy map, identify your stakeholders. Complete a stakeholder analysis to identify and prioritize the various stakeholders. Refer to the "Stakeholder Analysis" resource from Mindtools and complete all steps.

Based on your strategic goal, create a strategy map using Microsoft Word, Microsoft PowerPoint, Microsoft Visio, or other software. Include only the required perspectives (financial, customer, internal, and learning and growth) that pertain to the strategic goal in your map. The cause-and-effect relationships are described by connecting arrows.

APA format is not required, but solid academic writing is expected.

RESOURCES

Textbook

1. Management

Read Chapter 11 in Management. Review Chapters 7 and 8.

Electronic Resource

1. Business Model Innovation in Practice

Read "Business Model Innovation in Practice," by Euchner and Ganguly, from Research Technology Management (2014).

2. Stakeholder Analysis

Read "Stakeholder Analysis," located on the Mind Tools website. In addition, view the video "Stakeholder Analysis Video: Stakeholder Management and Power Interest Grid Example" that accompanies the article.

3. Strategy Mapping Overview

Watch "Strategy Mapping Overview," by Knowles (2013), located on the YouTube website.

e-Library Resource

1. Business Ethics and the Development of Intellectual Capital

Read "Business Ethics and the Development of Intellectual Capital," by Su, from Journal of Business Ethics (2014).

2. Corporate Social Responsibility: A Real Options Approach to the Challenge of Financial Sustainability

Read "Corporate Social Responsibility: A Real Options Approach to the Challenge of Financial Sustainability," by Bosch-Badia, Montilor-Serrats, and Tarrazon-Rodon, from PLoS One (2015).

3. Innovation Agendas: The Ambiguity of Value Creation

Read "Innovation Agendas: The Ambiguity of Value Creation," by Daniel and Klein, from Prometheus (2014)

4. Intellectual Capital Approach to Modern Management Through the Perspective of a Company's Value Added

Read "Intellectual Capital Approach to Modern Management Through the Perspective of a Company's Value Added," by Survilate, Tamosiuniene, and Shatrevich, from Business: Theory and Practice (2015).

5. Stakeholder Analysis

Read "Stakeholder Analysis," by Gilstein, from Salem Press Encyclopedia (2013).

Reference no: EM131968359

Questions Cloud

How mission and vision are translated into implementation : Explain how the mission and vision are translated into implementation of strategy. Be sure to provide specific examples.

Create a genogram that reflects the narrative : Create a genogram that reflects the narrative shared in chapter 8. Be creative in giving a visual representation of the family dynamic.

Describe consumerism : Describe consumerism. Describe a specific context and explain what consumerism means in the setting.

What do competitors do better than your identified area : What do competitors do better than your identified area? What is the competition doing that may have an impact on your identified area?

Identify a strategic goal within your sphere of influence : The Strategic Planning: SWOT Analysis assignment completed in Topic 4 helped you identify a strategic goal within your sphere of influence.

What is this inheritance worth : What is this inheritance worth to you today if you can earn 4.1 percent interest, compounded annually?

Print the given daily bar charts : BCOM 220, PROJECT PLANNING & CONTROL Exercise. Print the following Daily Bar Charts, list the activities in ES/EF sequence

What is the amount of producer surplus : The good can be produced at a constant cost of $10 for the first 20 units. After the first 20 units, the marginal cost equation is MC = 12Q.

Create a developmental plan outlining how you intend : Your supervisor at the agency where you work has become increasingly insistent that you work many hours over and above your required working hours.

User Account

All Pages