Purpose of Assignment:A strategic management plan addresses the four primary components of the strategic management process: a) environmental scanning, b) strategy formulation, c) strategy implementation, and d) strategy evaluation and control. The individual assignments in Weeks 3, 4 and 5 are integrated to generate a complete strategic management plan.
Part one: Environmental Scanning paper
Part two: Strategy Formulation paper
Attached Course Supplements: Balanced Scorecard Description, and Creating an Implementation Timeline and Balanced Scorecard
Appropriate and relevant business and academic Websites
Assignment Requirements:Write a 550 word paper that includes the following:
1. Relevant overview of a company that you researched for this assignment (e.g., industry, age, size, scope, and market position) - note it should be the same company as in parts one and two of your strategic management plan, and the overview should be relevant to this part of the assignment, not merely a repeat of the overview from parts one or two.
2. Brief explanatory introduction and presentation of a 3-5 year implementation timeline that identifies at least 2 domestic and/or international milestones for each of the 3 or more strategies proposed for your selected company in part two of your strategic management plan (note the timeline should be presented within the paper as an APA-compliant table or figure; a table is highly recommended).
3. Examination of how each of your proposed strategies align with the global social, ethical, and legal considerations that may affect your selected company.
4. Brief explanatory introduction and presentation of an appropriate Balanced Scorecard, where each of your proposed strategies are measured by at least 2 viable metrics/targets, for a combined total of at least 6 metrics/targets; in addition, each of the Balanced Scorecard's 4 quadrants should contain at least 1 of the proposed metrics/targets (note the Balanced Scorecard should be presented within the paper as an APA-compliant table, separate from the implementation timeline specified above).
Formatthe paper according to 400-level APA standards. An abstract is not required, but the paper must include a Conclusion heading (other headings are recommended).
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