Analyze in 350 to 525 words the:
·Purpose of the strategic plan
·Market development and how your ideas fit
·Development of people
·Product/service – How do you deliver? Is there a way to improve quality over time to differentiate?
·Key performance indicators (KPIs) to measure performance over time
Recommend initiatives to support your objectives to improve the strategic plan.
Identify ways to adapt to the changing business environment.
Research and select a sample strategic plan in an industry with which you are familiar or interested. Be sure it includes the various components of a typical strategic plan. Reference Figure 1.1 “Identifying a Company’s Strategy—What to Look For” in Ch. 1 of your text. This is your opportunity to create your own company – be an entrepreneur!!!!
Identify in 350 to 525 words what the plan does well, in addition to areas for improvement.
Discuss whether the plan:
·Clearly states where the organization is going and how it will get there
·Evaluates the organization’s external and internal environments
·Includes a people plan and addresses achievement of a diverse workforce
·Includes corporate social responsibility and environmental sustainability