#4 I NEED THESE ALL IN SEPARATE FILES PLEASE
. Create a flip chart with alternative strategies that could benefit your organization. List 10 possible strategies. Summarize your findings in a 2–3 page memo. In this assessment, you will learn appropriate business strategies and consider ways to engage employees in strategic prioritization and implementation. The hope of any strategic planning activity is that it will enhance organization performance. Through involvement in strategic planning, employees achieve a better understanding of the organization's operation. The process allows for proactive decision making. It is important to anticipate and respond to issues and to understand that sometimes a philosophical change will surface. There are 12 general strategies an organization might follow when implementing change. Adopting one or more of these strategies might mark a new beginning for an organization, especially if the employees understand and support the plan of action. The 12 strategies are: Forward integration. Increase control of distributors or retailers. Backward integration. Increase control of firms' suppliers. Horizontal integration. Increase control of competitors. Market penetration. Increase market share for current products in current markets. Market development. Introduce current product in new geographic areas. Product development. Increase sales through improved or new product. Concentric diversification. Add new but related products. Conglomerate diversification. Add new unrelated products. Horizontal diversification. Add new, unrelated products for current customers. Retrenchment. Cost reduction to reverse declining profit and sales. Divestiture. Sale of part of the organization. Liquidation. Sale of the company's assets. This assessment gives you experience recommending strategies to increase the effectiveness of your selected organization. Gather representatives from different functions to discuss alternative strategies. Notice the learning and understanding that occurs as people express differences of opinion. Keep the focus on the process, which is more important than the document. Using the opportunity/threat and strength/weakness factors you have identified, create a flip chart (using a whiteboard tool, PowerPoint, or another tool of your choice) with alternative strategies that could benefit your organization. List 10 possible strategies. Your list should include a description and possible outcomes of the strategy if implemented. Ask your gathered group to rate each of the strategies on a scale of 1 to 3, where 1 equals no support, 2 is neutral, and 3 equals support for implementation of the strategy. Sum the scores and prioritize the strategies. Discuss how this process could help organizations achieve understanding and commitment from employees. Share the results with an organization leader. Ask for comments about the process and the top strategies. When you have completed your assessment, summarize your findings in a 2–3 page memo. Attach the list of the 10 possible strategies with ratings to your memo. Your assessment should also meet the following requirements: Written communication: Written communication is free of errors that detract from the overall message. APA formatting: If you use sources, ensure that resources and citations are formatted according to current APA style and formatting guidelines. Font and font size: Times New Roman, 12 point. By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria: Competency 1: Evaluate key elements of the strategic planning process. Evaluate the rationale for these recommendations, based on strengths, weakness, opportunities, and threats. Summarize feedback and potential plans of action as a result of shared recommendation with organizational leaders. Competency 2: Analyze issues associated with stakeholders in the strategic planning process. Describe options for how to engage employees in a dialogue about these strategies to gain understanding and commitment. Summarize the scores and priorities of the strategies based on the group discussion. Competency 3: Apply a sequential process for developing and implementing strategies, goals, objectives, and tactics as part of the strategic plan implementation. Apply a sequential process by identifying 10 recommended strategies with descriptions and outcomes. Reflect on and incorporate your learning from having engaged a group in reviewing these strategies.
#5 SEPARATE FILE.
Complete a growth-share (BCG) matrix for an organization of your choice, along with a preparation worksheet in which you assess information for the matrix.
Create a grand strategy matrix for an organization of your choice, write a summary of whether the organization's strategies are aligned with the matrix, and make recommendations for changes to the organization's strategy based on your observations.
In this assessment, you will learn how to evaluate your chosen organization's relative market share versus the industry sales growth rate. Strategy formation is an assessment of whether the organization is doing the right things, and how it can be more effective. Organizations can become obsolete by following a strategy outdated by market changes. Objectives should be consciously developed and coordinated and not just extensions of day-to-day operations.
Every organization needs to communicate clear objectives. Analytical tools like BCG, a Boston Consulting Group evaluation of relative market share position and industry sales growth rate, and grand strategy matrix, a four-block model that recommends strategies based on competitive position and industry market growth, can improve the quality of strategic decisions. But leaders must make these choices. Behavioral, cultural, and political aspects of the process and selection are important to manage. Boards of directors are assuming a more active role in strategy because of legal pressures.
- SWOT matrix: The SWOT analysis is a matching tool that allows managers to gauge external and internal factors affecting the organization. The SWOT matrix is typically set up with quadrants that lend to SO, WO, ST, and WT strategies.
- SPACE matrix is also a four-section matching tool that helps managers determine if an aggressive, conservative, defensive, or competitive strategy is most appropriate for the organization.
- BCG matrix is another quadrant-based matrix that focuses on profit centers for an organization. The focus is on the market share versus industry sales growth rate and helps managers determine the company's business portfolio based on how products fall in the matrix.
Part 1
Complete Part 1 of this assessment using BCG Matrix Template [DOCX].You may wish to review the suggested readings as well as do your own research into completing a BCG matrix to prepare for this assessment.Complete the following:- Select an organization with multiple divisions or product lines to analyze. For example, Apple would likely be considered to have multiple divisions, such as those associated with iTunes, iPods, iPhones, iPads, and Mac computers.
- Assess your chosen organization's key divisions. To do this, place five column headings at the top of a worksheet. Title the columns as follows: Divisions, Revenues, Profits, Market Share Position, and Industry Growth Rate. Assess your organization's key divisions in each of these five categories. This information will help provide the foundation necessary to successfully complete a BCG matrix. Submit this worksheet as one of the deliverables for this assessment.
- Use the BCG Matrix Template [DOCX] to complete a BCG matrix for your chosen organization. You might find it interesting and useful to compare and discuss your results with people from the organization.
Part 2
Complete Part 2 of this assessment using Grand Strategy Matrix Template [DOCX].Create a grand strategy matrix for an organization of your choice. Ideally, the company you choose will be a familiar one and one to which you have easy access, such as your place of employment or a company close to where you live. You may use the same organization for other assessments in this course.You may wish to review the suggested readings as well as do your own research into completing a grand strategy matrix to prepare for this assessment.Complete the following:- Answer the following questions:
- Is your chosen organization in a weak or strong competitive position?
- Is the market growth rapid or slow?
- Complete a grand strategy matrix for your chosen organization using the Grand Strategy Matrix Template [DOCX].
- Compare whether the organization's strategies are aligned with the relevant quadrant strategies, and write a half-page summary on the differences and changes you identify. Make recommendations for changes to the organization's strategy based on your observations.
- Written communication: Written communication is free of errors that detract from the overall message.
- APA formatting: If you use sources, ensure that resources and citations are formatted according to current APA style and formatting guidelines.
- Font and font size: Times New Roman, 12 point.
- Competency 1: Evaluate key elements of the strategic planning process.
- Assess the key divisions of an organization.
- Develop a BCG matrix of an organization.
- Analyze whether the selected organization has a weak or strong competitive position.
- Identify whether an organization's strategy is aligned with the relevant quadrant strategies
- Competency 3: Apply a sequential process for developing and implementing strategies, goals, objectives, and tactics as part of the strategic plan implementation.
- Describe whether the market growth rate is rapid or slow.
- Recommend changes based on final observations.
In this assessment, you will learn why implementation is sometimes more difficult than strategy formulation. You will also learn how annual objectives, the organizational chart, and organization culture can be used to increase the probability of implementation. A good strategy does not guarantee successful implementation. Although they are interdependent, they are different in nature. Strategy implementation means change. The real work begins after the strategies are created. Implementation requires the support and hard work of employees, and resistance can sabotage implementation. Managers and employees must be motivated to implement strategies. Implementation requires matching structure to strategy, linking performance to pay, creating a change climate, managing political relationships, creating a strategy-supportive culture, adapting key processes, and managing human resources. Establishing objectives and policies, and allocating human resources are also important to implementation.
Altering organization charts is an important skill. This assessment will improve your ability to alter a hierarchical structure to respond to new strategies. Based on your organization, complete a one-page organizational chart that you believe would best suit the organization's needs. Be sure to take into account the strategy recommendations you have put forth in previous assessments.
An example for changes to the organizational chart might include moving to a division structure by product, or moving to a matrix structure.
Be sure to provide as much detail as possible in your organizational chart, including the names of the individuals and the titles of the positions. Include a two-paragraph description and rationale about why this organization chart will help implement your new strategy recommendations.
Your assessment should also meet the following requirements:
- Written communication: Written communication is free of errors that detract from the overall message.
- APA formatting: If you use sources, ensure that resources and citations are formatted according to current APA style and formatting guidelines.
- Font and font size: Times New Roman, 12 point.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:
- Competency 1: Evaluate key elements of the strategic planning process.
- Provide rationale for changes in the organizational structure that help support and implement new strategies.
- Describe the impact of organizational restructuring on developing and implementing new strategies.
- Competency 3: Apply a sequential process for developing and implementing strategies, goals, objectives, and tactics as part of the strategic plan implementation.
- Create an organizational chart that includes the major roles in the organization.
#7 SEPARATE FILE.
Create a positioning map for an organization of your choice and analyze the results.
In this assessment, you will learn how to map product position in comparison to your competitors and based on market segments. Successful strategy implementation depends on the cooperation of all the functional managers:
- Marketing is frequently required to increase sales revenue with new products.
- Finance managers must find implementation approaches at low cost and minimum risk.
- R&D has to transfer complex technologies or develop new technologies to implement strategies.
- Information systems is tasked to provide leadership and training for employees.
It is clear that these requirements—and more—determine an organization's success.
Complete the assessment using Positioning Map Template [DOCX].
Create a positioning map for an organization of your choice. Select an organization to analyze. Ideally, the company you choose will be a familiar one and one to which you have easy access, such as your place of employment or a company close to where you live. You may use the same organization for other assessments in this course. Assess your chosen organization against potential competitors.
Complete the following:
- Using the Positioning Map Template [DOCX], determine two important factors and descriptors for the ends of the continuums, such as capacity, customer service, convenience, et cetera.
- Include your organization's competitors in your map for the same two factors you chose for your selected company.
- Analyze the results.
- Discuss issues that leaders face when interpreting these results.
Your assessment should also meet the following requirements:
- Written communication: Written communication is free of errors that detract from the overall message.
- APA formatting: If you use sources, ensure that resources and citations are formatted according to current APA style and formatting guidelines.
- Font and font size: Times New Roman, 12 point.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:
- Competency 2: Analyze issues associated with stakeholders in the strategic planning process.
- Analyze an important factor for both the vertical and horizontal axes of the continuum.
- Compare an organization against the competition on the same two factors.
- Analyze issues leaders face when interpreting the results of the positioning map.
#8 SEPARATE FILE.
- Write a 300-word strategy evaluation report on a chosen company.
Research from the Internet and from printed information can enhance strategy evaluation. Competitors' performance information can help bring perspective to an organization's performance evaluation. It is also important to look at changes, externally and internally, as an indicator for the need to modify strategy.
A strategy evaluation framework can help achieve annual and long-term objectives. Evaluation allows an organization to use internal strengths and to capitalize on external opportunities as they surface, defending against market shifts and correcting internal weaknesses before they become a problem. Successful organizations formulate, implement, and evaluate strategies intentionally and continually evaluate their strategic position—shaping their future intentionally as opposed to being shaped by external forces. Strategic management allows an organization to make effective decisions, execute those decisions efficiently, and take corrective action. The key to effective strategy evaluation is the integration of intuition and analysis. Strategic management is first a people process and a mechanism for fostering organizational communication. The planning process is more important than the written plan. In fact, the written plan is only a snapshot and because of the rapid rate of change, leaders must plan continuously.
Strategic management also includes formulating, implementing, and evaluating organization-wide decisions that enable an organization to achieve its objectives (David et al., 2024). Formulation includes the organization's mission, internal and external assessments, and the establishment of strategies. Implementation includes the creation of short-term objectives and allocation of resources to achieve strategies. Evaluation reviews performance and recommends corrective action. There are many benefits to strategic planning, including financial and competitive sustainability in a global market. Globalization, e-commerce, and attention to the environment have become important strategic concerns. Engaging employees in the strategic management process can facilitate the implementation of a well-planned strategy and enhance competitive advantage. Through this course, you have learned about the importance of mission and involvement in a sequential planning process.
Reference
David, F. R., David, F. R., & David, M. E. (2024). Strategic management: A competitive advantage approach, concepts, and cases (18th ed.). Pearson.
Select an organization to analyze. Ideally, the company you choose will be a familiar one and one to which you have easy access, such as your place of employment or a company close to where you live. You may use the same organization for other assessments in this course.
- Use the Capella library and the Internet to locate three articles written in the last six months, or as current as possible, about the industry of your selected organization.
- Consider the following questions as you do your research:
- What new opportunities and threats, or strengths and weaknesses seem to be emerging in this industry?
- Do you feel that your selected organization is using effective strategies?
- What recommendations would you offer?
- Write a 300-word document titled "Strategy Evaluation Report" in which you:
- Summarize your organization's strategy and performance in the current year.
- Identify strategic information about your organization's competitors.
- Identify new opportunities, threats, strengths, and weaknesses that seem to be emerging in the selected organization's industry.
- Interpret the effectiveness of your company's strategies.
- Recommend strategies based on strategy evaluation research.
- Use APA-formatted in-text citations for information you take from the articles, and provide complete references for all articles.
- Written communication: Written communication is free of errors that detract from the overall message.
- APA formatting: Ensure that resources and citations are formatted according to current APA style and formatting guidelines.
- Number of resources: Include a minimum of three current articles.
- Required length: The body of your document should be 300 words.
- Font and font size: Times New Roman, 12 point.
- Competency 1: Evaluate key elements of the strategic planning process.
- Identify strategic information on competitors using appropriate research.
- Recommend strategies based on strategy evaluation research.
- Competency 3: Apply a sequential process for developing and implementing strategies, goals, objectives, and tactics as part of the strategic plan implementation.
- Identify new strengths and weaknesses and opportunities and threats.
- Interpret the effectiveness of a company’s strategies.
Complete the following:
Your assessment should also meet the following requirements:
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria: