Strategy Formulation and Processes
Due date: Tuesday – June 19, 2018
At least 1700-1850 words, APA Format
Follow the key assignment outline
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.
Please add to the vision and mission statements. How are we taking the old vision and mission statements and making them our own. He wants elaborations on these too.
Understand strategic planning terminology, concepts, theories and models.
Develop the capacity to think strategically about a company, its business model and position within the industry, and the attainment of a competitive advantage.
Acquire skills in conducting strategy, developing strategic options, analyzing action alternatives, making strategic decisions, and effective policy and strategy implementation.
Develop the ability to manage the organizational process by which policies and strategies are formed.
Enhance the ability to create results-oriented action plans and effective business policy.
For this assignment, select a real company in the fast food industry.
You have just been hired by (your selected company) as its new vice president of strategic planning. The corporation’s performance in recent years as well as the changes with business and economic conditions will be a central focus of your new job.
Given 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 assist you in 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.
Length: 1,700–1,850 words
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:
— Mission and Vision Statements (Simply copying from an existing real company is unacceptable.)
— Specific, Measurable, Achievable, Realistic, and Time-Bound (SMART) Goals and Objectives
— Industry Analysis
— Strengths, Weaknesses, Opportunities, Threats, and Trends (SWOTT) Analysis
— A Perceptual Map
— Choose any criteria that you think are important to plot.
— Explain why you picked the criteria.
Your task is to create a plan, following the same parameters, which will be the sample standard that your employees’ submissions should match.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more