Financial Plan Home work

Resource: Strategic Plan located on the student website

Organize Parts I through III for your strategic plan as follows:

• Reason for your strategic plan
• Part I: Organizational Structure
• Part II: Environmental Analysis and Setting Strategic Goals
• Part III: Financial Plan

Complete Parts IV and V of your strategic plan and add them to Parts I through III.

• Part IV: Implementation
  • Similar to your Learning Team assignment last week, describe how you plan to implement your strategic plan. In 700 to 1,050 words, address the following:
• The potential barriers you anticipate and how you plan on overcoming them
• How you will communicate your plan to all the organization’s employees
• Your market entry strategy and the procedure you plan on using to implement your strategic plan
• Part V: Evaluation and Control
  • In 700 to 1,050 words, answer the following questions:
• What measurement guidelines should be used to verify strategy effectiveness?
• If your strategy does not go according to plan, at what point would you consider altering the strategic plan you have suggested?
• What tolerance range should be in place that would call for corrective action if exceeded?
• What corrective action would you need to make if the organization’s performance fell outside the tolerance range?
  • Submit the assignment as a complete plan, including Parts I through V.
  • Cite at least five sources to support your information.
  • Format your paper consistent with APA guidelines.

Present a completed strategic plan to the board of directors or funding source of your organization for approval.

• Outline your strategic plan in a 12- to 15-slide Microsoft® PowerPoint® presentation with extensive speaker notes and references.
• Describe why the organization needs a plan and walk the audience through every step in the strategic management process. Include the following:
  • How the plan fits with the company’s current mission, vision, and values
  • Environmental scanning for competitive advantages
  • Setting strategic goals
  • Internal dynamic and resource considerations for strategy implementation, including key budget information
  • Measurement guidelines
  • What feedback considerations the organization should put into place to ensure the success of the company
• Keep your audience in mind and make your strategic plan convincing.