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You have just been hired to the HBY company as its new Vice President
of Strategic Planning. The corporation is a conglomerate with divisions
in the film industry, theme park industry, digital music distribution
industry, and mass merchandiser industry. The corporation has seen
lackluster performance in recent years because its competitors seem to
have a more effective strategy, and, at the same time, business and
economic conditions have changed appreciably from what they were five
years earlier.
Given the multibillion dollar size of the corporation and the fact
that it is a conglomerate with a very diverse portfolio of companies in
varying industries, the CEO whom you report to has already given you
permission to hire a staff of recent MBAs to assist your efforts. You
recently completed the interviewing and hired four people with minimal
real business experience.
In coming months, you and your team will be creating a completely
new—and, presumably, more effective—strategic plan. You plan to begin by
holding a kick-off meeting with your team.
To feel confident that all of the employees in your strategic
planning team understand all that you have taught them, you require each
to prepare a streamlined version of the key elements of a strategic
plan. You require each employee to prepare the following sections of a
strategic plan for any one of the corporation’s four divisions:
- Mission and Vision statements (simply copying from an existing real company is unacceptable)
- SMART Goals and Objectives
- Industry analysis
- SWOTT analysis
- A perceptual map
- Choose any criteria that you think are important to plot.
- Explain why you picked the criteria.
The 4 corporate industries that each employee can pick from are the following:
- Film industry
- Theme park industry
- Mass merchandiser industry
- Digital music distributor industry
Your task is to create a plan, following the same parameters, that
will be the sample standard your employees’ submission should mat