Strategic Management Plan Discussion
Strategic Management Plan Discussion
Complete Parts 4 and 5 of your strategic plan. Note that you only need to submit these as part of the final completed plan.
See Attached Parts 1 – 3
Part 4: Implementation
1. Write a 700- to 1,050-word report describing how you plan to implement your strategic plan. In your report:
Determine the potential barriers you anticipate and how you plan to overcome them.
Create a plan for communicating your plan to all the organization’s employees.
Describe market entry strategy and the procedure you plan to use to implement your strategic plan.
Choose methods and strategies to support implementation processes.
Part 5: Evaluation and Control
2. Write a 700- to 1,050-word evaluation plan in which you:
Determine what measurement guidelines should be used to verify strategy effectiveness.
Explain when you would consider altering the strategic plan you have suggested if implementation does not go according to plans.
Determine what tolerance range should be in place that would call for corrective action if exceeded.
Determine what corrective action you would need to make if the organization’s performance fell outside the tolerance range.
3. Compile Parts 1 through 5 into one final strategic plan as follows:
Describe the strategic planning model you have chosen for your organization.
Part 1: Organizational Structure
Analyze the framework of a strategic plan.
Evaluate the relationship between the strategic plan and organizational mission, vision, and values.
Part 2: Environmental Analysis and Setting Strategic Goals
Include your SWOT Analysis.
Evaluate the significance and implications of an external environmental analysis in the development of a strategic plan.
Analyze evolving external issues that can have an impact on the strategic plan.
Evaluate benefits of competitive analysis as part of the strategic planning process.
Part 3: Financial Plan
Evaluate the impact of internal resources and financial capabilities on the business model implementation.
Create a financial plan that includes the key elements needed to support the implementation of a strategic plan.
Include your projected budget.
Part 4: Implementation
Develop a communication plan that supports and manages the implementation strategy.
Choose methods and strategies to support implementation processes.
Part 5: Evaluation and Control
Determine what measurement guidelines should be used to verify strategy effectiveness.
Explain when you would consider altering the strategic plan you have suggested if implementation does not go according to plans.
Determine what tolerance range should be in place that would call for corrective action if exceeded.
Determine what corrective action you need to make if the organization’s performance fell outside the tolerance range.
Submit the assignment as a complete plan, including Parts 1 through 5.
Cite and reference at least 5 peer-reviewed, scholarly, or similar references to support your information.
Format your plan according to APA guidelines.
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StrategicPlanPart3FinancialPlan.docx
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StrategicPlanPart3ProjectedBudget.xlsx
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StrategicPlanPart2SWOTAnalysis.xls
Strategic Management Plan Discussion
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