Question
Though flexibility and adaptability are often required in today's business world, organizations still require a roadmap that encompasses the parameters against which they will make
Though flexibility and adaptability are often required in today's business world, organizations still require a roadmap that encompasses the parameters against which they will make managerial decisions as well as the steps they plan to take to ensure they get from point A to point B. This assignment will ask you to develop a 3-year strategic plan for an organization with which you are affiliated. It could be your place of employment, a volunteer organization, a sports team, a religious organization, or even your child's daycare facility. The assignment will ask you to develop your strategy in three phases: strategy formulation, strategy implementation, and strategy evaluation. Prepare a draft document for review by your professor that includes the following:
an analysis of current vision/mission and proposal for updated vision/mission, external Factor Evaluation Matrix and Porter's 5-Forces Analysis, Internal Factor Evaluation Matrix, SWOT Matrix, CG Matrix, and Strategic direction choice and rationalization: choose one (or two) of the strategic directions as defined in Chapter 5 that you feel will be best for your organization to pursue in the coming 3 years, and develop a rationalization for this choice. Ensure that the choice is driven by the matrices developed above.
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