STR581 Questions (2018).doc

WEEK 1

Choose an organization according to the following:

• Current employer
• Most recent or former employer
• Place of business that you have      patronized or have been familiar with over a long period of time.  
  • Avoid choosing an organization       that is so large that historical data would be difficult to apply. Firms       in the Russell 2000® index       may fit well, whereas firms in the Dow 30 Industrial index probably do       not. 
• The organization can be a      start-up that you or a significant other may create in the future. For a      start-up, focus on an entrepreneurial idea that is of substantive      interest, so this project leaves you with a product you may leverage in      the future. 

Write a 1,050-word paper in which you address the following: 

• Identify the major components      of the strategic management process.
• Discuss how these components      work together to create value for the organization.
• Evaluate the company's mission      statement, vision statement, motivation strategy, innovation strategy, and      people strategy. If the organization does not have one or more of these,      how does that affect the organization and its people?
• Explain the role of ethics and      corporate social responsibility in strategic planning.  How does this      direct their strategy? How does the organization's vison and mission align      with your own values and vision?  If you are currently working for      the organization, how does your role influence this and vice      versa?  

WEEK 2

You will perform an environmental scan for your target company. 

Choose an organization according to the following:

• Current employer
• Most recent or former employer
• Place of business that you have      patronized or have been familiar with over a long period of time.  
  • Avoid choosing an organization       that is so large that historical data would be difficult to apply. Firms       in the Russell 2000® index       may fit well, whereas firms in the Dow 30 Industrial index probably do       not. 
• The organization can be a      start-up that you or a significant other may create in the future. For a      start-up, focus on an entrepreneurial idea that is of substantive      interest, so this project leaves you with a product you may leverage in      the future. 

Note: You may use the same company from the Week 1 assignment; however, that is not a requirement.  You must use the same company for all of the Strategic Plan assignments.

Write a 1,050-word minimum environmental analysis in which you include the following: 

• Determine how to create value      and sustain competitive advantage using the environmental scanning      strategy.
• Evaluate the company's external      environment.
• Assess the company's general      environment.
• Evaluate the organization's      industry operating environment. 

WEEK 3

Note: You must use the same company for all of the Strategic Plan assignments.

Write a 1,400-word minimum internal environmental analysis in which you include the following: 

• Assess the organization's      internal environment.
• Identify the most important      strengths and weaknesses of your organization including an assessment of      the organization's resources.
• Identify the most important      internal environmental factors in the general, industry, and external      analysis in relation to the internal analysis.
• Perform competitor analysis.
• Assess the structure of the      organization and the influence this has on its performance.
• Determine the organization's      competitive position and the possibilities this provides. 

WEEK 4

In this section, you will be evaluating various strategies and making recommendations for the organization.  

Write a 1,050-word minimum strategic evaluation in which you include the following: 

• Evaluate potential business      level strategies for the organization.
• Assess potential corporate      level strategies for the organization.
• Assess potential global      strategies for the organization.
• Recommend a strategy or combination      of strategies the organization should implement, and include a rationale      for that recommendation. 

WEEK 5

About Your Signature Assignment

This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments may be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements. 

Write a 1,400-word minimum strategic implementation plan in which you include the following: 

• Create an implementation plan      including:
  • Objectives
  • Functional tactics
  • Action items
  • Milestones and deadlines
  • Tasks and task ownership
  • Resource allocation
• Recommend any organizational      change management strategies that may enhance successful implementation.
• Develop key success factors,      budget, and forecasted financials, including a break-even chart.
• Create a risk management plan      including contingency plans for the identified risks. 

WEEK 6

Create the Final Strategic Plan. The Final Strategic Plan contains the elements of all the previous weeks' components and incorporates instructor feedback. The strategic recommendations will be evaluated and the best options chosen for recommendation. The final strategic plan contains: 

• Table of Contents
• Executive Summary (350 to 700      words)
• Company Background
• Mission Statement
• Vision Statement
• Value Statement
• Environmental Scan
• Internal and External      Environmental Analysis
• Strategic Recommendation
• Implementation Plan
• Organizational Change      Management Strategies
• Risk Management Plan
• Conclusion
• References

Create a 25- to 35-slide Microsoft® PowerPoint® presentation with speaker notes to present the strategic plan, combining all relevant elements from previous weeks. The objective is to sell the strategic plan to investors or company directors. 

COMPANY: B&G Foods Inc