Reference no: EM132570750
Hershey Step 1 Identify Hershey firm's existing vision, mission, objectives, and strategies.
Step 2 Develop your own vision and mission statements for the organization.
Step 3 Identify the organization's external opportunities and threats.
Step 4 construct a competitive Profile Matrix (cPM).
Step 5 construct an external Factor evaluation (eFe) Matrix.
Step 6 identify the organization's internal strengths and weaknesses.
Step 7 construct an internal Factor evaluation (iFe) Matrix.
Step 8 recommend specific strategies and long-term objectives. Show how much your recommendations will cost. clearly itemize these costs for each projected year.compare your recommendations to actual strategies planned by the company.
Step 9 Specify how your recommendations can be implemented and what results you can expect. Prepare a forecast ratios and projected financial statements. Present a timetable or agenda for action.
Step 11 recommend specific annual objectives and policies.
Step 12 recommend procedures for strategy review and evaluation.
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