Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Create using generic manufacturing company Implementation Plan Describes how you intend to implement the chosen business strategy(s) Chart format of prioritized actions implemented over a
Create using generic manufacturing company
Implementation Plan
- Describes how you intend to implement the chosen business strategy(s)
- Chart format of prioritized actions implemented over a specific time frame that achieve stated Business Objectives and support achievement of the Vision Statement. Priorities down the left margin, timeline across the top margin.
- Priorities down the left margin, timetable across the top margin of the chart
Timeframe | ||||
Activity | Q1 | Q2 | Q3 | Q4 |
- Tie in any new procedures, organizational structural needs, information tools, rewards/ incentives, requirement for company leadership in the process
- Identify any ethics management issues- you want to track during implementation
Expansion Plan (optional if it applies to the goals of your strategic business plan)
- Identify only those actions that are reasonable to support sustainable growth. You may want to pilot some planned strategic changes in the business in a controlled environment before expanding more broadly within the company or more broadly geographically.
- Expansion alternatives:
- After business diversification- Figure 8.6, pg. 248
- Lowers risk
- Related/ unrelated business
- Supply chain integration
- Foreign Markets
- Five Attractive Paths: pg. 193 - 197
- Strategic alliances, Joint ventures
- Foreign Markets
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