Strategic Plan Draft Michael Sunnaa Strategic Planning & Implementation/ STR 581 March 12‚ 2012 John Pang Summarize It! is a new company in the works which will summarize deposition transcripts for attorneys. To help ensure the success of the company‚ a strategic plan has been developed. In doing so‚ it is essential to incorporate an implementation plan. The implementation plan will outline steps such as identifying objectives‚ functional tactics‚ action items‚ milestones and deadlines‚ tasks
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with the textbook used in this course. • Review the Strategic Plan and Presentation Student Information. Course Materials All electronic materials are available on your student website. Week1 Mission‚ Vision‚ and Values Tasks • Review the Week One Study Guide. • Review the Capstone Examination Study Materials. Jul‚ 09 - Jul‚ 15 Objectives Mission‚ Vision‚ and Values 1.1 1.2 1.3 Identify major components of a strategic management process. Evaluate the organization’s motivation strategy
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CLICK TO DOWNLOAD ANSWERS STR 581 Week 1 Quiz 1. The strategic decision makers in the firm are responsible for 2 .Judging the appropriateness of a particular action based on a goal to provide the greatest good for the greatest number of people is what ethics approach? 3. Which level of strategy uses a portfolio approach? 4 . For the past 28 years‚ ABC‚ Inc. has made a significant investment of time‚ money‚ and other resources to increase the literacy rate in adult Americans. This represents
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STR 581 Salt Consulting LLC’s Environmental Scan According to Business Dictionary‚ “environmental scanning is the careful monitoring of a firm’s internal and external environments for detecting early signs of opportunities and threats that may influence its current and future plans.” A major objective of Salt Consulting LLC is to predict accurately the influences of these internal and external factors. The long-term goal is to create a profitable organization that recognizes and
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CLICK TO DOWNLOAD STR 581 WEEK 2 QUIZ 1. This environment in the strategic planning process comprises factors in the competitive situation that affect a firm’s success in acquiring needed resources or in profitably marketing its goods and services. 2. The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to 3. Because the quantity‚ quality‚ price‚ and accessibility of financial‚ human‚ and material resources
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CLICK TO DOWNLOAD STR 581 Week 3 Quiz 1. This type of organization or structure is one that identifies a set of business capabilities central to high-profitability operations and then builds a virtual organization around those capabilities. 2. One of the limitations of SWOT analysis is that it can do this to a single strength or element of strategy. 3. Twenty-first-century corporations reflect 4. The structure of a simple organization 5. One of the limitations of the SWOT analysis is
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CLICK TO DOWNLOAD STR 581 Week 4 Quiz 1. Which of the following is a generic strategy developed by Michael Porter? 2. Firms that enjoy higher profit margins are using which of Michael Porter’s generic strategies? 3. Which matrix involves a framework that can help ensure that businesses’ strategies are consistent with strategies appropriate to their strategic environment? 4. For the ABC Company‚ the Alpha business is in a dominant market share position in a mature market. As per the
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Growth Realization Alternatives Distinguishing one ’s firm from the alternatives is a major concern for any business. Strategic analysis provides the starting point in the strategic management process organizations use to evaluate and choose the competitive advantages that distinguish them from other organizations within the market. Dominating businesses should also "choose among alternative grand strategies to guide the firm ’s activities‚ particularly when they are trying to decide about broadening
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Target Stores Strategic Choice and Evaluation The first Target Store was opened in 1962 by the Dayton Company. Though there were other discount chains in the US at that point of time‚ many of them do not exist today. Target was able to adapt itself to the changing environment and by 2002; it was the second largest discount retailer in the US (Target.com‚ 2012) http://www.icmrindia.org/casestudies/catalogue/Business%20Strategy/BSTR164.htm] In June 2002‚ Target Corporation (Target) had 1‚330
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Alaskan Airlines – Strategic Choice and Evaluation Recognizing an organization’s alternatives for growth is an important process for companies. By evaluating and selecting the competitive advantages within a market a company can distinguish themselves from their competition. For an organization the “grand strategies indicate the time period over which long-range objectives are to be achieved. Thus‚ a grand strategy can be defined as a comprehensive general approach that guides a firm’s
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