Individual Assignment: Implementation, Strategic Controls, and Contingency Plans
· Continue updating the strategic plan for your target firm.
· Write a draft of the strategic plan for your target firm
You are to include the following:
Implementation Plan: Create a Work Break-down Structure (WBS) and Gantt chart for the new strategy (source free chart templates on Internet-avoid use of Excel) including objectives, functional tactics, action items, milestones, tasks, resource allocation, and deadlines.
Key success factors for the plan implementation, as well as forecasted financials discussion in your analysis (financial discussion can be a general discussion of financial conditions, factors and impacts-doesn’t have to include heavy financial charts)
Risk management plan, including contingency plans for identified risks
· Format your paper consistent with APA guidelines and include a full and complete citations list, i.e. course text, references for target firm used in treatment, additional research, etc.
Special Note: Week 5 and Final Strategic Plan Guidance.
– Implementation Plan
You are asked to develop an Implementation Plan with critical success factors for your target firm. This effort should be at least 1,200 words. Be sure to distinguish paragraph title breaks between the plan and the critical success factors. Include at least two paragraphs that summarize the forecasted financial results for the firm that align with the direction of your strategic plan. In other words, you are addressing the question: “If the firm follows the strategies and tactics included in your strategic plan, it will likely achieve these financial results”.
Create a WBS (Work Breakdown Structure-do an Internet search to identify templates for construction) and Gantt chart-do an Internet search to identify templates for construction-try to stay away from Excel as foundation. Also, integrate both charts into your MS Word document-not separate files) for the new strategy including objectives, functional tactics, action items, milestones, tasks, resource allocation, and deadlines.
-Risk management plan
Identify target firm risks (consider your Learning Activity #3 response for help with this element. Including contingency plans for identified risks. This effort should be at least 600 words. Make sure there is clear distinction for this plan from the Implementation Plan and other elements. Be sure that there is distinction between the identified risks and the contingency plans and are not blurred (include distinct section label). Do not include elements from any previous assignment (you will do that when you assemble your final plan).
So, in total you are preparing major components of the final strategic plan that you will assemble in the final week. This week’s assignment has a deliverables length threshold of at least 1,800 words plus the charts.
In the final week, you will merely assemble all the elements you have already created, i.e. mission, vision, values, environmental scan, strategic choice analysis (Learning Team), add a few minor elements, refine previous work and submit a document that is at least 2,800 words and could approach 3,500 words. That constitutes an appropriate level of documentation for a strategic plan.
This guidance should clarify what is expected in the final assignment.
has been added to your cart!
have been added to your cart!
You must log in and be a buyer of this download to submit a review.