STR581 Week 5 Implementation, Strategic Controls, And Contingency Plans

STR581 Week 5  Implementation, Strategic Controls, And Contingency Plans

Implementation, Strategic Controls, and Contingency Plans

·         Create an implementation plan.

·         Develop organizational change management strategies.

·         Analyze the key external environmental assumptions and internal metrics that must be monitored when implementing a business plan.

·         Create a risk management plan.

Readings

·         Read Ch. 8 of Gaining and Sustaining Competitive Advantage.

·         Read Ch. 10 & 13 of Strategic Management.

·         Read Ch. 6 & 8 of The Strategy Process.

Individual Assignment: Implementation, Strategic Controls, and Contingency Plans

Ø  Implementation/Project Plan for your Strategic/ Plan, which is delineated by a Work Breakdown Schedule (WBS) that the milestones, tasks, durations, resource allocation, and deadlines.

Although it is not mandatory I would recommend using Ms-Project for your implementation plan, or you can use Ms Excel but you have to create the template.

To access the Microsoft® Project tutorial click the Library tab and select Visit Element K website under Element K Tutorials. From that link, select Catalog, scroll down to Project Management and select Tools. Scroll down to search for Microsoft® Office Project tutorials.

 A link to the Microsoft® Office Online Help and How-to for Microsoft® Project is on the University of Phoenix student Web site. Click on Web Links, select Software Tutorials, and Microsoft® Project Assistance.

Ø  Identify and  analyze key success factors for your Implementation Plan

Ø  Functional tactics,

Ø  Action items (table)

Ø  Risk management plan (Identify 5  risk, for your implementation plan and for the success of your company e.g. likelihood of  happening and impact), with a Risk Assessment, Risk Response and Risk Matrix table/chart.

Ø  Detailed Contingency plans for identified three highest  risks for your implementation plan and the success of your company

Ø  Financing Strategy analysis/reasoning/detailing how you are going to raise the other 40% of the start-up capital you need, including analysis, e.g. Loans, Stocks, Bonds, Investor

Submit an Excel Workbook that includes the following for your strategic plan and company:

Ø  Implementation Budget,( Start-up  cost breakdown budget, from 0 to 100% operational)

Ø  Forecasted/Proforma financials for 5 years,

Ø  Income and Expense Statement,

Ø  Cash Flow Statement

Ø  Balance Sheet

Ø  A break-even chart

Ø  NPV

Ø  IRR

Ø  WACC 

Ø  Assumptions and analyzes used for your forecasts

I will accept only ONE each of Ms-Word, Excel and Project, unless you do your Implementation Plan in Excel then I will accept TWO Excel files. NO exceptions

Format your paper consistent with professional/business guidelines/standards or a business proposal.