Do not repeat companies. As a suggestion, you might want to reserve your company in a draft post.
Be sure to post at least 2 references in support of your explanations and conclusions.
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Begin by selecting two functional strategies from the list below:
In your initial post, explain the overall goals of each of the strategies that you selected, generally speaking. Then, expand on your choices by describing how each functional strategy may work together to potentially achieve economies of scope. Further develop your response by describing how the functional strategies that you selected operate either at your place or work, a place where you have worked in the past, or in a hypothetical "best" corporation scenario. Alternatively, you may research an actual corporation to further develop your response on your chosen functional strategies.
Be sure to post at least 2 references in support of your explanations and conclusions.
| Team Interim Strategic Planning Assignments Company: Toyota Motor | |
| Group Name | |
| Team Ford | |
| Instructions | |
| Each strategic team should write a professionally written strategy planning paper for their assigned corporation. A suggested outline for the final project is available to download. | |
Consider Current Mission & Vision Statements of Company
How to Communicate Mission & Vision to Current Insiders and Stakeholders
Identify major factors that will influence the company/industry over the next 1-5 years
Identify impact on stock performance and two strongest competitors over the past 18 months
Discuss Current Performance issues
Discuss key financial trends for self and two strongest competitors during the past 18 months
Assess Current Competitive Position
Identify Specific Corporate Performance Areas that should be Targeted
Identify New Products, Services, or Markets
Explain Rationale to Justify Strategic Targets
Explain appropriate Short-Term (1-3 Years) Strategic Proposals/Plans
Explain appropriate Long-Range (3-5 Years) Strategic Proposals/Plans
Identify appropriate Timelines for Next 1-3 & 3-5 Years
Identify appropriate Objectives/Tactics to Implement Plans in the following areas:
· Budgets
· Policies
· Procedures
Identify specific Current Resources to be impacted
Identify additional New Resources that will be required
Identify cost of New Resources Required to Implement Proposed Strategies
Discuss the Impact on Functional Areas (If Appropriate)
Project quantitative Outcomes of New Strategies
Project qualitative Outcomes of New Strategies
Prepare pro Forma Statements for the Next 1-3 & 3-5 Years
Identify Impact on Corporate Functional Areas (If Appropriate) and projected outcomes
Identify methods of Tracking Performance
Identify specific Targets of Accomplishment or Measurement
Identify specific responsibility Person(s) or Areas
Determine how the company would be impacted if strategies failed
Determine how internal functional areas/resources would be impacted
Discuss the quantitative and qualitative outcomes of the failed strategies
Include appropriate Appendix Sections to Support Written Report
Team Ford: Team Interim Strategic Planning Assignment 1 - EFAS Chart
Instructions
EFAS Chart
Collaborate with your teammates to research an assigned corporation from the following list to use for your Strategic Planning Project. Keep in mind, you will use this company for all 7 Team Interim Strategic Planning Assignments, as well as the Team Final Strategic Planning Assignment.
American Express (AXP)
Harley-Davidson (HOG)
Bristol-Myers Squibb Company (BMY)
Toyota Motor Corporation (TM)
International Business Machines Corporation (IBM)
Complete an EFAS chart for your assigned corporation.
Begin by selecting one of the following industries:
Conduct research to find articles or academic sources that explain the competitive forces driving your selected industry. List and explain at least 3 competitive forces, including global forces if applicable.
Additionally, select a specific corporation within your chosen industry and explain whether the competitive forces you identified for the industry apply specifically to your chosen corporation.
Individually, submit to the Dropbox a research paper on a strategic management topic of your choice. The paper will be formatted in APA style and must include references to at least 8 academic sources and provide for 10-12 pages of body (not counting title page, table of contents, abstract, and references page(s)). To be clear, this is not a team assignment. All papers should be original and will be checked for plagiarism.
Suggestions for Topic Selection
The topic for the individual paper should be a strategic concept of your choice. It could be for example, ethics in strategic management, or corporate governance and strategic management, or international issues in strategic management…or even a corporation's review of a particular issue related to strategic management. To add, do please provide examples/applications of the concept(s) where applicable, do not just write a Review of the Literature, per se.