Strategy Formulation and Processes
\nDue date: Tuesday \u2013 June 19, 2018
\nAt least 1700-1850 words, APA Format
\nFollow the key assignment outline<\/p>\n
Please follow the key assignment outline, include the criteria and plot the perceptual map. Also, please compare three other restaurants that are competing with your chosen fast food industry.<\/p>\n
RECOMMENDATIONS:<\/p>\n
\u00a0\u00a0\u00a0\u00a0Please add to the vision and mission statements. \u00a0How are we taking the old vision and mission statements and making them our own. \u00a0He wants elaborations on these too.<\/p>\n
Objective:
\nUnderstand strategic planning terminology, concepts, theories and models.
\nDevelop the capacity to think strategically about a company, its business model and position within the industry, and the attainment of a competitive advantage.
\nAcquire skills in conducting strategy, developing strategic options, analyzing action alternatives, making strategic decisions, and effective policy and strategy implementation.
\nDevelop the ability to manage the organizational process by which policies and strategies are formed.
\nEnhance the ability to create results-oriented action plans and effective business policy.<\/p>\n
Assignment Details
\nFor this assignment, select a real company in the fast food industry.
\n\u00a0
\nYou have just been hired by (your selected company) as its new vice president of strategic planning. The corporation\u2019s performance in recent years as well as the changes with business and economic conditions will be a central focus of your new job.
\n\u00a0
\nGiven the size of the corporation and the fact that it is in a highly competitive industry, the chief executive officer (CEO) to whom you report has already given you permission to hire a staff of recent Master of Business Administration (MBA) graduates to Help you in your efforts. You recently completed the interviewing and hired four people with minimal real business experience.
\n\u00a0
\nIn coming months, you and your team will be creating a completely new\u2014and, presumably, more effective\u2014strategic plan. You plan to begin by holding a kick-off meeting with your team.<\/p>\n
Length: 1,700\u20131,850 words<\/p>\n
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 the corporation’s next 3-5 years:<\/p>\n
— \u00a0Mission and Vision Statements (Simply copying from an existing real company is unacceptable.)\u00a0<\/p>\n
— \u00a0Specific, Measurable, Achievable, Realistic, and Time-Bound (SMART) Goals and Objectives\u00a0<\/p>\n
— \u00a0Industry Analysis\u00a0<\/p>\n
— \u00a0Strengths, Weaknesses, Opportunities, Threats, and Trends (SWOTT) Analysis\u00a0<\/p>\n
— \u00a0A Perceptual Map\u00a0<\/p>\n
— \u00a0Choose any criteria that you think are important to plot.\u00a0<\/p>\n
— \u00a0Explain why you picked the criteria.\u00a0<\/p>\n
Your task is to create a plan, following the same parameters, which will be the sample standard that your employees’ submissions should match.<\/p>\n","protected":false},"excerpt":{"rendered":"
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