Methods for collecting data and measuring the success of the strategic plan.

 

 

Develop a strategic plan for the company you have used throughout this course and share it with stakeholders.

Create a 10- to 15-slide presentation for key stakeholders to solicit their approval of your strategic plan. Address the following in your presentation:
An introduction with mission and vision statements
Core values, ethics, and social responsibility principles
Analysis of the company:
Internal environment (e.g. strengths and weaknesses related to resources, trademarks, patents, copyrights, or current processes)
External environment (e.g. opportunities and threats related to market trends, economic trends, demographics, or regulations)
An evaluation of the internal and external environment’s impact on achieving the company strategy
Create a strategic objective for the company.
Create short- and long-term goals for achieving the company’s strategic plan.
Determine methods for collecting data and measuring the success of the strategic plan.

Sample Solution

Slide 1: Title Slide

Strategic Plan Presentation

Company Name

Date

Slide 2: Introduction

Company Mission Statement

To provide high-quality products and services that meet the needs of our customers, while maintaining a commitment to ethical business practices and social responsibility.

Company Vision Statement

To be the leading provider of [products or services] in the [industry] industry.

Slide 3: Core Values, Ethics, and Social Responsibility Principles

Core Values

  • Integrity
  • Customer Focus
  • Innovation
  • Teamwork
  • Excellence

Ethics

  • We will conduct our business in a fair and honest manner.
  • We will respect the rights of our customers, employees, and stakeholders.
  • We will comply with all applicable laws and regulations.

Social Responsibility

  • We are committed to protecting the environment.
  • We are committed to supporting our communities.
  • We are committed to developing our employees.

Slide 4: Analysis of the Company

Internal Environment

Strengths

  • Strong brand recognition
  • Loyal customer base
  • Experienced and skilled workforce
  • Innovative products and services

Weaknesses

  • High operating costs
  • Limited product diversification
  • Reliance on a few key customers

External Environment

Opportunities

  • Growing demand for [products or services]
  • Expanding into new markets
  • Developing new products and services

Threats

  • Increased competition
  • Economic downturn
  • Changing customer preferences

Slide 5: Impact of Internal and External Environment on Company Strategy

The company’s internal strengths and weaknesses, as well as the external opportunities and threats, must all be considered when developing a strategic plan. For example, the company’s strong brand recognition and loyal customer base are internal strengths that can be leveraged to expand into new markets. However, the company’s limited product diversification and reliance on a few key customers are internal weaknesses that could put the company at risk if the market changes.

The company’s external opportunities and threats must also be considered when developing a strategic plan. For example, the growing demand for [products or services] is an external opportunity that the company can capitalize on by expanding its production capacity and developing new products and services. However, the increased competition and economic downturn are external threats that the company must mitigate by improving its efficiency and reducing its costs.

Slide 6: Strategic Objective

The company’s strategic objective is to become the leading provider of [products or services] in the [industry] industry.

Short-Term Goals

  • Increase market share by 5% in the next year.
  • Launch two new products in the next year.
  • Reduce operating costs by 10% in the next year.

Long-Term Goals

  • Increase market share to 25% within five years.
  • Expand into two new markets within five years.
  • Develop a new product line within five years.

Slide 7: Methods for Collecting Data and Measuring the Success of the Strategic Plan

The company will collect data on the following metrics to measure the success of its strategic plan:

  • Market share
  • Customer satisfaction
  • Employee engagement
  • Financial performance

The company will collect this data through a variety of methods, including:

  • Customer surveys
  • Employee surveys
  • Financial analysis
  • Benchmarking

The company will review this data on a quarterly basis and make adjustments to its strategic plan as needed.

Slide 8: Conclusion

The company’s strategic plan is designed to achieve its vision of becoming the leading provider of [products or services] in the [industry] industry. The plan is based on a careful analysis of the company’s internal and external environment. The company will collect data on a variety of metrics to measure the success of its strategic plan and make adjustments as needed.

Slide 9: Questions?

Additional Slides

In addition to the eight slides listed above, the presentation may also include the following slides:

  • A slide that provides more detail about the company’s products or services.
  • A slide that provides more detail about the company’s target market.
  • A slide that provides more detail about the company’s competitive landscape.
  • A slide that provides a timeline for achieving the company’s strategic goals.
  • A slide that provides a budget for achieving the company’s strategic goals.

Conclusion

This 10- to 15-slide presentation can be used to solicit the approval of key stakeholders for the company’s strategic plan. The presentation should clearly articulate the company’s mission, vision, core values, ethics, and social responsibility principles. It should also provide a thorough analysis of the company’s internal and external environment

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