Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Suppose in a previous phase of the strategic plan, you developed long-term objectives Emirati Inc. Using these as a guide, document the short-term objectives

1. Suppose in a previous phase of the strategic plan, you developed long-term objectives Emirati Inc. Using these as a guide, document the short-term objectives and the subsequent functional tactics that will guide the implementation of your strategy. How this should be done and be sure to include the specific departments or people that will be responsible for each of the functional tactics.

2. Create a five-year timeline for implementing the strategies. Describe your organization's culture. pay particular attention to the management styles; the decision-making process; communication patterns, employee attitudes towards authority, work, productivity, and risk; territorial feelings; levels of cooperation between departments; attire; reward system; values; and deeply held beliefs within the organization. What stories, if any, has become part of the folklore of the organization, passed down to new employees?

3. Draft a budget for your organization estimating the costs and expected revenues from implementing the strategies that you have identified and use a five-year time horizon.

4. Also test your grand and functional strategies against the culture and based on this test, are all the strategies doable or will a change in strategy or culture is required?

5. Establish a structure for your organization and provide a diagram of the structure. Also, explain how the structure supports your grand strategy and select critical success factors for your organization. Why did you choose these factors?

6. Incorporate needed diagrams or illustrations within the master document.

Step by Step Solution

3.53 Rating (163 Votes )

There are 3 Steps involved in it

Step: 1

Executive Summery Emirati Inc is a jewellery store that is intended to be located in Toronto The business offers an extensive range of gemstone jewellery of different designs color and sizes The produ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing The Core

Authors: Roger A. Kerin, Steven W. Hartley, William Rudelius

5th edition

9780077517083, 78028922, 77517083, 978-0078028922

More Books

Students also viewed these Marketing questions

Question

What should be done to make sure that business finance is secure?

Answered: 1 week ago