Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Create a 5 - to 7 - slide Microsoft PowerPoint presentation, with speaker notes and visuals on each slide, that will sell your identified improvements
Create a to slide Microsoft PowerPoint presentation, with speaker notes and visuals on each slide, that will sell your identified improvements to the strategic plan, based on your Wk analysis.
Include the following:
Summarize the threats and challenges you have identified within the current strategic plan.
Determine how to execute the strategic initiatives in order to address the threats and challenges.
Explain proposed process improvements.
Assess whether additional resources are needed.
Describe how resources should be used in the application of the strategic plan.
Utilize KPIs to justify the financial investment and to measure the success of the proposed improvements to the strategic plan.
Justify your recommendations based on anticipated Return on Investment ROI
Toms Shoes strategic plan does several things well to guide the company going forward. The plan clearly lays out Toms Shoes mission to use business to impact lives and vision to inspire everyone who comes in contact with our brand to make a difference. It establishes four strategic goals: grow the brand, grow product lines, expand distribution channels, and achieve operational excellence.
For each goal, the plan outlines objectives, key initiatives, metrics, and owners to ensure accountability. This provides a roadmap for how Toms Shoes will achieve its ambitious growth targets. The plan also evaluates external factors like industry trends, competitors, and economic conditions that impact the business. It identifies opportunities like expanding into new product categories and risks like rising costs and potential supply chain disruptions.
While the plan covers many of the essential elements, there are some areas for improvement. First, the plan could provide more details on Toms Shoes internal strengths and weaknesses. A thorough analysis of capabilities, resources, and operational processes would help identify where the company needs to improve internally.
Second, the plan lacks specifics around achieving a diverse workforce and inclusion initiatives. Given Toms Shoes' mission of social impact, having a diverse team that represents its customer base is critical. The plan could outline specific goals, initiatives, and metrics to improve diversity, equity, and inclusion.
Finally, the plan mentions corporate social responsibility and sustainability at a high level but lacks details. Concrete goals, initiatives, and metrics around reducing Toms Shoes' environmental footprint and supporting social causes through its business operations would strengthen the plan's credibility and guidance for the future.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started