Project #86269 - Peer REview Part II

Instructions:

Business Model and Strategic Plan part III was reviewed by the entire team and below is individual feedback about the plan.  Write a synopsis of no more than 350 words summarizing what the team has learned from the review and discussion.

Original business model and strategic plan is attached for your review.

 

Peer Review 1

 

A strategic plan is essential in predetermining the current stand against the intended position of a business alongside the available resources. Of importance is the formulation of a balanced scorecard that offers a form of report card showing the current situation alongside the plans of the business. For instance, the Jewels Youth Program balanced score indicates the current stand and measures to be taken to achieve the strategic objectives within the set time spans. Besides, it outlines the viability of the business by reviewing the possible deficiencies and strengths that would either hinder the strategic plan or facilitate its achievement. Thus, it builds stakeholders confidence who in return increase their inputs and investment into the project.

 

Furthermore, the paper provides a communication plan that aims in increasing stakeholder’s awareness and engagement, providing access as well as reinforcing credibility and transparency within the business

 

Peer Review 2

  I thought overall you did an excellent job. You identified what your strategic objective was as well as what you hope to achieve. You also covered how it relayed to the business and the balance score card. The objectives supplied for each quadrant were sufficient enough but could have been more detailed. I particularly like how you executed your communication plan.

 

Peer Review 3

Valencia, you did a great job on the 3rd part of the business model and strategic plan for Jewels Youth Program; specifically for Jewels Online Child & Pet Sitter Referral Services. The introduction to the Balanced Scorecard was on point and each areas of measurement were well planned and thought out.  Remember, each area must have a target - Processes are usually tough to see but targets can be increasing on time delivery by a percentage or that all those involved in the program are trained on the knowledge base and case management tools by 3 months, etc.  Again, overall great paper.

 

Peer Review 4

Great job with this section overall. It was a good read and moved along smoothly. I like the idea for the new department of your chosen business. I like the detail in your communication plan, along with your communication channels. You took into consideration the internal and external environment of the business and who the key audiences are to your new department. I would give some detail on how the different communication channels will work for either external or internal parts of the business. Overall great job and really like the idea.

Subject Business
Due By (Pacific Time) 10/11/2015 05:00 pm
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