Efficient Method Used for Tactical Planning
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
Efficient Method Used for Tactical Planning
Identify key trends, assumptions, and risks in the context of your final business model.
Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks. The strategic objectives are measures of attaining your vision and mission. As you develop them, consider the vision, mission, and values for your business and the outcomes of your SWOTT analysis and supply chain analysis.
Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:
Shareholder Value or Financial Perspective, includes strategic objectives in areas such as:
Revenues and costs
Customer Value Perspective, includes strategic objectives in areas such as:
Customer retention or turnover
Process or Internal Operations Perspective, includes strategic objectives in areas such as:
Measure of process performance
Productivity or productivity improvement
Impact of change on the organization
Learning and Growth (Employee) Perspective, includes strategic objectives in areas such as:
Employee turnover or retention
Level of organizational capability
Nature of organizational culture or climate
Develop at least three strategic objectives for each of the four balanced scorecard areas identified (Financial, Customer, Process, Learning and Growth). Your objectives should be selected, in part, based on an evaluation of a number of potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis paper and table you completed in Week 3.
Base your solutions on a ranking of alternative solutions that includes an identification of potential risks and mitigation plans, and a stakeholder analysis that includes mitigation and contingency strategies. You should also incorporate the ethical implications of your solutions into your selection.
For each strategic objective, develop a metric and target using a balanced scorecard format. (For example, a strategic objective in the shareholder or Financial Perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, “The percentage of increase in market share.” The target is the specific number to be achieved in a particular time period. The target for the metric of “Increase market share” could be “Increase market share by 2% for each of the next 3 years” of an increase of 2% per year for 3 years.)
Outline a brief communication plan discussing how you will communicate the company’s strategic objectives that includes the following:
Define the purpose.
Define the audience.
Identify the channel(s) of communication and why you selected that channel.
Write a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.
Format paper consistent with APA guidelines.
SWOT analysis is an efficient method used for tactical planning to classify possible, priorities and generating a common vision of accomplishing the expansion strategy for a company. SWOT should answer the question of where the company is involving the examination of the external and internal environment specifically and generally. It used to estimate the company’s environmental factors. Only by taking into contemplation the components of common environment : political environment, social environment, economic environment, legislation and stress groups, a corporation will be able to take on the particular way of achievement, which will guarantee its performance and advantages on current and latent competitors (Thompson, & Martin, 2010).
In today’s highly competitive and fast spaced marketplace, it is vital for organizations to be elastic enough to change, so that they can remain up to speed and profitable. Management of change has always been a concern of debate among scholars: how can employers make appropriate conditions for a victorious change process? And what can workers do to go through it. Strategic management mainly pertains to adjusting an organization to its business surroundings. The greatest agent for organizational change is the socialization feature of culture, which can be made powerful structurally. Waterboard Corporation takes on the individuality of learning, adapting and growing organization; these traits have become part of the structure of how it operates. Being aware of how and being capable of increasing this flexibility is essential to organizational success (Poole, & Ven, 2004). Waterboard Corporation implemented strategies of adaptation that have effects that ripple across a corporation. Raising an organization’s capability to adjust to change and reduce disturbance reduces costs and saves time. One approach that Waterboard has used for increasing adaptation is to select a person to back the changes, tackle and in the long run recruit opponents, and proactively spot and alleviate problems.
Economic forces refer to the direction and nature of the economy in which a business operates. Economic factors have an incredible impact on company firms. The common state of the economy for instance prosperity, recovery, recession and depression. The fiscal policy, monetary policy, payments balance, the stage of economic cycle and interest rate are main variables in pricing decisions, employment and corporate investment. The growth impact or turn down in gross national product and decreases or increases in the value of the dollar, inflation and interest rates are considered as chief examples of important impact on business processes. To assess the local condition, an organization may seek information relating to the economic stand and future of the area and the effects of this viewpoint on the transportation and commercial base, unemployment, disposable income and wage rates. The condition of world financial system is most vital for organizations working in such areas. Factors such as monetary and fiscal policies, demographic changes, rate of interests, inflation rates and level of employment which establish the state of aggressive environment in which Waterboard Corporation operates. These forces have an effect on the result of the firm’s marketing activities, by influencing the strength and volume of demand for its products.
Legal forces that affect Waterboard Corporation include court judgments, legislation and election outcomes as well as the decisions given by various agencies and commissions. The political sector of the surroundings presents potential and actual restrictions on the way a Waterboard corporation operates. Among the most significant government procedures are: takeover (creating a crown privatization and corporation), expenditure, taxation and regulation. The disparities among international, national and local subsectors of the political atmosphere are often rather dramatic. Political volatility in some regions makes the very type of government subject to radical changes.
Additionally, the basic scheme of government and the laws the system propagates, the political surroundings may include such concerns as examining government strategies toward revenue tax, relative pressure of unions, and strategies concerning employment of natural resources. The Political activities also have a noteworthy impact on three supplementary governmental roles influencing water board’s external environment. They include:
Supplier function. The decisions of the government regarding accessibility and creation of personal businesses to government owned usual resources and local stockpiles of agricultural products will intensely affect the feasibility of the strategies of Waterboard Corporation.
Customer function. Government demand for services and products can eliminate, enhance, sustain or create many market chances.
Competitor function. The government can function as an almost indomitable competitor in the marketplace; thus, information of government policies can help Waterboard Corporation to avoid adverse altercation with government as a competitor. Generally, the impact of government is increasing and far-reaching.
The opportunities that face the corporation’s new division include:
Specialized shipping demand increase
Favorable physical condition. Favorable market conjuncture.
Global maritime and river transport.
Growth predisposition for world export.
Positive economic growth.
Steady macro-economic environment.
The issues that face the corporation’s new division include:
Low possibilities to access money and capital markets
Material expense increase tendency. Aggressive market strategies for many countries
Tendency of national currency devaluation.
Lack of specialized banking system in shipping.
As a result of placing it in the SWOT model, the division for Cargo shipping of products across the globe was positioned in the first quadrant. The classification of the SWOT quadrant facilitates the move to the last analysis’s step which is to formulate the actual strategy. According to grand strategies of intricate companies’ common level, there are four key strategies equivalent to the first quadrant, which are attention on a market share; attention on a product; mergers and peaceful firms purchases; mergers and mandatory firms acquisitions. It is the accountable person’s problem to choose which one of these policies will be chosen. The policy which Waterboard Corporation must select is the attention on a market share.
Levy, A. & Merry, U. (1986). Organizational transformation approaches, strategies, theories. New York: Praeger.
Poole, M. & Ven, A. (2004). Handbook of organizational change and innovation. Oxford, UK New York, N.Y: Oxford University Press.
Thompson, J. & Martin, F. (2010). Strategic management : awareness & change. Andover: South-Western Cengage Learning.
Great orders on stock that are all addressed to lack of aggressive marketing strategy.
The export. Finance
Competitive prices hardships in getting financing.
Finance lack of cash liquidity
Financial stability and good profits. Technology production
Technology production steady increase in investments.
Good management low manual work costs.
Flexible organization sub utilization of current production
Specialized ship building abilities capacities.
Human resources organization management
Qualified workforce little labor productivity
Small level of subcontractors
Macro-economic situation Macro-economic situation
Steady macro-economic environment lack of specialized banking system in
Positive economical growth. Shipping.
Competitive situation tendency of national currency
�growth predisposition for world export and devaluation
Global maritime and river competitive situation
Transport. Aggressive market strategies for many
�favorable market conjuncture. Countries.
�favorable physical position. Material expense increase tendency.
�specialized ships demand increase. Low possibilities to access capital and
Efficient Method Used for Tactical Planning
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
CLICK ON THE LINK HERE: https://gradebasket.com/orders/ordernow
Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME] and Have It Done by Our PhD Qualified Writers!!