Topic

Final Strategic Plan (Star Appliances)

Instructions

Write a 700- to 1,050-word section for your business model and strategic plan in which you add your strategies and tactics to implement and realize your objectives, measures, and targets.

Include marketing and information technology strategies and tactics.
Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally.
Determine the best possible options for evaluating the strategic plan.
Explain the ethical issues faced by the organization, summarize the legal and regulatory issues faced by the organization, and then summarize the organization’s corporate social responsibility.
Include in this section the possible implications of the triple bottom line (people, planet, profit) on the strategic plan and its implementation.

Write a 350-word executive summary defining the new division of the existing business. Share your Vision, Mission, final business model, and value proposition, and list your key assumptions, risks, and change management issues. Quantify the growth and profit opportunity and planned impact on various stakeholders.

Note: Any investor should be eager to meet with you after reading your executive summary.

Using the University of Phoenix Business Model and Strategic Planning Outline as a guide, combine Parts 1, 2, and 3 of your completed business model strategic plan with your Final Business Plan Model assignment and Executive Summary. This includes the Business Model, Vision, Mission, Values, SWOT Analysis, Supply Chain Analysis, Balanced Scorecard, and Communication Plan from prior weeks. Your consolidated final strategic plan should be 4,200 to 5,250 words in length.

Format the paper consistent with APA guidelines.

Answer Preview

The final strategic plan for Star Appliances integrates the insights obtained from the vision, mission, balanced scorecard, and SWOT analysis. Notably, these initial stages have streamlined the entire process of developing strategic tactics and initiatives that keep a high level of performance in the fierce competitive electronics industry. As the plan is achieved, it is important to direct and monitor each of the tactics presented. In addition to this, Star Appliances must recognize weaknesses in the plan implementation and utilize mitigation tactics when it is necessary. In the next few decades, the strategic plan is anticipated to generate higher employee satisfaction, increased shareholder value, and an expanded overall customer base.

Word Count: 1200