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.

Pick a favourite film, Research as many facts about this as possible, Write a mini review of the film, aim for a page of A4.

summary of 1 – 2 pages

 

Discusion 4

 

Identifying and Mitigating Risks” Please respond to the following:

 

Imagine you are considering opening a business. Share the type of business you would open. Then, create a list of the five (5) most significant risks that you must address prior to making your decision regarding the viability of your venture. Justify the risks.

 

Discussion 5

 

“Risk Perception” Please respond to the following:

 

 

 

• Using the information presented in “Common Influences on Risk Perception” Figure 6-3 (Hillson and Simon text), determine the conscious factors, subconscious factors, and affective factors for this project. Examine how awareness of such factors influences the decision of hiring outside vendors. In addition, analyze how the stated factors help improve the overall facilitation and effectiveness of the risk management.

 

Discussion 6

 

Quantitative Risk Analysis” Please respond to the following:

 

Review the Monte Carlo Analysis method presented in Chapter 15 of the Hillson and Simon text. Then, determine whether or not you would recommend to a project manager the use of this methodology for a large, complex project. Include an example to support your response. If you would not recommend the use of a method such as Monte Carlo, explain what you would recommend as an alternative tool that would allow the project manager to make informed decisions. Provide a rationale for your recommendation.