BUS 475 101 1 Balanced Scorecard and Communication Plan Strategic Plan

• Write      a 1,050- to 1,400-word strategic objectives summary. Include your balanced      scorecard and its impact on all stakeholders, and the communication plan.

Identify key trends, assumptions, and risks in the context of your final business model.

Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks. The strategic objectives are measures of attaining your vision and mission. As you develop them, consider the vision, mission, and values for your business and the outcomes of your SWOT analysis and supply chain analysis.

Considerthe following four quadrants of the balanced scorecard 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

Evaluate potential alternatives to the issues and/or opportunities identified in the SWOT Analysis paper and table you completed in Week 3.

Create at least three strategic objectives for each of the four balanced scorecard areas. Baseyour solutions on a ranking of alternative solutions that includes the following:

• Identify potential risks and mitigation plans
• Analyze a stakeholder and include mitigation and       contingency strategies.
• Incorporate ethical implications

Develop a metric and target for each strategic 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 of market 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.)

Outline a brief communication plan discussing how you will communicate the company's strategic objectives that includes the following:

 

• Define the purpose.
• Define the audience.
• Identify the channel(s) of communication and why you       selected that channel.

Format paper consistent with APA guidelines.

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