Strategic Planning Process
Strategic Planning Process
(Strategic Planning Process)
Question description
Please take note of the following info since the papers will all be in a way connected. The bolded information directly below is just for FYI for this week, and weeks to follow, the actual assignment follows. If any confusion please reach out to me.
Citation: Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2015). Strategic Management: Competitiveness & Globalization: Concepts and Cases (11th Ed.). South-Western College Pub. (Please use at least two references)
I have attached the grading guide for this week for further clarity and the APA formatted paper
During Week 1 or in Workshop 1, be prepared to commit to the development of a detailed and comprehensive strategic plan for a real-world organization that you research and study during this capstone course.
You will choose an organization according to the following:
- Current employer
- Most recent or former employer
- Place of business that you have patronized or have been familiar with over a long period of time.
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- Avoid choosing an organization that is so large that historical data would be difficult to apply. Firms in the Russell 2000® index may fit well, whereas firms in the Dow 30 Industrial index probably do not.
Each week, you will develop a portion of the Strategic Plan including a Microsoft® PowerPoint® presentation. You will develop all the individual parts week by week and assemble them for the Week 6 Strategic Plan and Implementation Paper and PowerPoint® presentation.
Week 1 Assignment Info:
Choose an organization that you would like to study and ultimately create your own strategic plan for. Consider using:
- Current employer
- Most recent or former employer
- Place of business that you have patronized or have been familiar with over a long period of time
- Organization that you want to work for once you complete your MBA
- The organization can be a start-up that you or a significant other may create in the future. For a start-up, focus on an entrepreneurial idea that is of substantive interest, so this project leaves you with a product you may leverage in the future.
Write a 1,050-word paper in which you address the following:
- Identify the major components of the strategic management process.
- Discuss how these components work together to create value for the organization.
- Evaluate the company’s mission statement, vision statement, motivation strategy, innovation strategy, and people strategy. If the organization does not have one or more of these, how does that affect the organization and its people?
- Explain the role of ethics and corporate social responsibility in strategic planning. How does this direct their strategy? How does the organization’s vison and mission align with your own values and vision? If you are currently working for the organization, how does your role influence this and vice versa?
