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Analyze evolving external issues that can have an impact on the strategic plan.

01 / 10 / 2021 Essays & Coursework 1

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Resource: Strategic Plan Complete Part IV and V of your strategic plan. Note that you only need to submit these as part of the final completed plan. Part IV: Implementation 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 on overcoming them. Create a plan for communicating your plan to all the organization’s employees. Describe market entry strategy and the procedure you plan on using to implement your strategic plan. Choose methods and strategies to support implementation processes. Part V: Evaluation and Control 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 corrective action you would need to make if the organization’s performance fell outside the tolerance range. Compile Part I through V into one final strategic plan as follows: Describe the strategic planning model you have chosen for your organization. Part I: Organizational Structure Analyze the framework of a strategic plan. Evaluate the relationship between the strategic plan and organizational mission, vision, and values. Part II: 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 III: 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 IV: Implementation Develop a communication plan that supports and manages the implementation strategy. Choose methods and strategies to support implementation processes. Part V: 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.



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