Competency
- Critique strategic thinking to achieve organizational goals.
- Evaluate the impact of globalization on an organization.
- Evaluate the inclusion of an organization's infrastructure in strategic planning.
- Assess organizational deficiencies based on gap analysis.
- Determine the effectiveness of strategic planning.
- Justify the inclusion of risk management in strategic planning.
Student Success Criteria
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Scenario
You are a consultant who has been asked to create a Strategic Plan presentation that both explains how to improve strategic risk management and provides a corporate governance framework for a business of your choosing.
Instructions
Create a PowerPoint presentation with speaker notes and voiceover narration. Your Strategic Plan should outline how the business can reorganize and survive during an economic downturn. Include the following:
- An executive summary
- A synopsis of the importance of strategic planning and its impact on organizational goals
- An outline of the steps in the strategic planning process
- A description of the impact of a downturned economy on operating globally—discuss how organizations must alter their business operations
- An explanation of organizational infrastructure and how it relates to the strategic plan: How does organizational infrastructure affect strategic planning, and what's the difference between a strategy and a policy?
- A discussion of assessing the need for improvement, using a gap analysis to aid in assessing the opportunities in an organization
- A description of risk management: How does risk management fit into the overall strategic plan?
- Attribution for credible sources