Question
Create a minimum 1,050-word strategic objectives summary. Consider the following strategic areas when developing your strategic objectives: Shareholder Value or Financial Perspective, which includes strategic
Createa minimum 1,050-word strategic objectives summary.
Considerthe following strategic areas when developing your strategic objectives:
- Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as:
- Market share
- Revenues and costs
- Profitability
- Competitive position
- Customer Value Perspective, which includes strategic objectives in areas such as:
- Customer retention or turnover
- Customer satisfaction
- Customer value
- Process or Internal Operations Perspective, which 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, which 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
Developaspecific metric and target for eachstrategic objective using a balanced scorecard format.
Example: a strategic objective in the shareholder or financial perspective is to increase market share. A metric to actually measure this strategic objective ofmarket 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.
Trends, Assumptions, and Risks of Hoosier Media, Inc's business model
Assess, in no morethan 350 words, trends, assumptions, and risks of Hoosier Media, Inc.'s business model after completing the strategic objectives for each area.
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