Project #65373 - Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan

(PLEASE UNDERSTAND THE BASIC OF THE ASSIGNMENT BEFORE BIDDING

 

Identify key trends, assumptions, and risks in the context of your final business model.

 

Develop the strategic objectives for your new division of the existing business in a balanced scorecard format (Only use faculty posted Microsoft Excel Spreadsheet & embed it into your Microsoft Word paper) in the context of key trends, assumptions, and risks.The strategic objectives are measures of attaining your vision and mission. As you develop them, consider the vision, mission, and values for your business and the outcomes of your SWOTT analysis and supply chain analysis.

 

Balanced Scorecard


Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:


Shareholder Value or Financial Perspective, includes strategic objectives in areas such as:
Market share
Revenues and costs
Profitability
Competitive position
Customer Value Perspective, includes strategic objectives in areas such as:
Customer retention or turnover
Customer satisfaction
Customer value


Process or Internal Operations Perspective, includes strategic objectives in areas such as:
Measure of process performance
Productivity or productivity improvement
Operations metrics
Impact of change on the organization


Learning and Growth (Employee) Perspective, includes strategic objectives in areas such as:
Employee satisfaction
Employee turnover or retention
Level of organizational capability
Nature of organizational culture or climate
Technological innovation


SWOTT Analysis Summary
Develop strategic objectives for each of the four balanced scorecard areas identified (Financial, Customer, Process, Learning and Growth). Your objectives should be selected, in part, based on an evaluation of a number of potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis paper and table you completed in Week 3.

 

Base your solutions on a ranking of alternative solutions that includes an identification of potential risks and mitigation plans, and a stakeholder analysis that includes mitigation and contingency strategies.

Incorporate the ethical implications of your solutions into your selection.


For each strategic objective, develop a metric and target using a balanced scorecard format. (For example, a strategic objective in the shareholder or Financial Perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, "The percentage of increase in market share." The target is the specific number to be achieved in a particular time period. The target for the metric of "Increase market share" could be "Increase market share by 2% for each of the next 3 years" of an increase of 2% per year for 3 years.) (Be as specific as possible, utilizing numbers, percentatages, or some specific metrics in each case).


Communications Plan
Outline a brief Communication Plan (Using the instructor supplied Microsoft Excel Spreadsheet & (copy & paste) it into your Microsoft Word paper) discussing how you will communicate the company's strategic objectives that includes the following:


Define the purpose.
Define the audience.
Identify the channel(s) of communication and why you selected that channel.

 

Learning Team Help

Each Learning Team is to meet & discuss their input to the communication plan. during this process each student should learn how broadly every company differs relative to thier own idea of communication, and adapt others ideas into thier individual cmpany's communications plan! (Here's where you get to truly collaborate and help one another with your knowledge and suggestions)

Write a 1,050--word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.

Format paper consistent with APA guidelines, & use subheadings in the order of the assignment as your outline!

Subject Business
Due By (Pacific Time) 04/07/2015 05:00 pm
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