you will work on creating a strategic plan aimed at boosting the performance of a company. The following case is based on a real company, Curtis & Associates, Inc. (The permission of Dean Curtis, President of the company, has been obtained for the use of his company.) While the case is based on a real company, many of the facts and events are fictional to facilitate the learning of management principles and concepts. Curtis & Associates was founded by Dean Curtis who had formerly taught Speech and Communications at the University of Nebraska at Kearney in Kearney, Nebraska.
Scenario
Dean Curtis formed Curtis & Associates when he was invited by an older student to bid on a contract for the Nebraska Department of Social Services. This student was the manager of the Kearney office of the Department of Social Services. Dean has now organized a company to conduct workshops to train welfare recipients in job search skills.
A year has passed, and thanks to your help, it has been a very successful year. Dean’s company has experienced a 70% placement rate for clients who have taken his workshops. This means that 7 out of 10 welfare recipients who have taken his company’s workshops have found jobs. Since this is now to be his line of work, Dean realizes he needs to think long-term about his goals for the business.
Instructions
Write a 3-4 page strategic plan in which you:
Develop at least three long-term strategic goals (3-5 years) for Curtis & Associates.
Make sure these goals meet the criteria for effective goals as outlined in the text.
Provide justification and your rationale for these goals.
Develop the tactical goals (or annual goals) for the company that support the long-term strategic goals.
Provide justification and your rationale for these goals.
Explain the importance of budgets in developing tactical goals, providing detailed support.
Develop operational goals (monthly, weekly, or daily) for reaching tactical goals.
Provide justification and your rationale for these goals.
Strategic Plan for Curtis & Associates
Long-Term Strategic Goals (3-5 Years)
Justification and Rationale for Long-Term Strategic Goals
Expanding into new markets, developing new programs and services, and becoming a recognized leader in the job training industry would all help Curtis & Associates to achieve its mission of helping people find jobs and become self-sufficient.
Expanding into new markets would allow Curtis & Associates to reach more people who need job training services. The company could also generate more revenue by expanding into new markets.
Developing new programs and services would allow Curtis & Associates to meet the needs of a wider range of clients. This would help the company to attract more clients and increase its market share.
Becoming a recognized leader in the job training industry would give Curtis & Associates a competitive advantage. The company would be able to attract more clients and generate more revenue by being seen as a leader in the industry.
Tactical Goals (Annual Goals) to Support Long-Term Strategic Goals
To expand into new markets:
To develop new programs and services:
To become a recognized leader in the job training industry:
Justification and Rationale for Tactical Goals
The tactical goals listed above are specific, measurable, achievable, relevant, and time-bound. They are also aligned with the long-term strategic goals of expanding into new markets, developing new programs and services, and becoming a recognized leader in the job training industry.
Importance of Budgets in Developing Tactical Goals
Budgets are important in developing tactical goals because they help to ensure that the company has the resources necessary to achieve its goals. Budgets also help to track progress towards goals and identify any potential problems early on.
For example, if Curtis & Associates has a goal of opening a new office in a new state within one year, the company will need to budget for the costs of renting office space, hiring staff, and marketing the new office. The company will also need to track its progress towards this goal and identify any potential problems early on, such as delays in finding office space or hiring staff.
Operational Goals (Monthly, Weekly, or Daily) for Reaching Tactical Goals
To expand into new markets:
To develop new programs and services:
To become a recognized leader in the job training industry:
Justification and Rationale for Operational Goals
The operational goals listed above are specific, measurable, achievable, relevant, and time-bound. They are also aligned with the tactical goals of expanding into new markets, developing new programs and services, and becoming a recognized leader in the job training industry.
By breaking down the tactical goals into smaller, more manageable operational goals, Curtis & Associates can make