Complete Parts 4 and 5 of your strategic plan. Note that you only need to submit these as part of the final completed plan.
See Attached Parts 1 – 3
Part 4: Implementation
1. Write a 700- to 1,050-word report describing how you plan to implement your strategic plan. In your report:
- Determine the potential barriers you anticipate and how you plan to overcome them.
- Create a plan for communicating your plan to all the organization’s employees.
- Describe market entry strategy and the procedure you plan to use to implement your strategic plan.
- Choose methods and strategies to support implementation processes.
Part 5: Evaluation and Control
2. Write a 700- to 1,050-word evaluation plan in which you:
- Determine what measurement guidelines should be used to verify strategy effectiveness.
- Explain when you would consider altering the strategic plan you have suggested if implementation does not go according to plans.
- Determine what tolerance range should be in place that would call for corrective action if exceeded.
- Determine what corrective action you would need to make if the organization’s performance fell outside the tolerance range.
3. Compile Parts 1 through 5 into one final strategic plan as follows:
- Describe the strategic planning model you have chosen for your organization.
- Part 1: Organizational Structure
- Analyze the framework of a strategic plan.
- Evaluate the relationship between the strategic plan and organizational mission, vision, and values.
- Part 2: Environmental Analysis and Setting Strategic Goals
- Include your SWOT Analysis.
- Evaluate the significance and implications of an external environmental analysis in the development of a strategic plan.
- Analyze evolving external issues that can have an impact on the strategic plan.
- Evaluate benefits of competitive analysis as part of the strategic planning process.
- Part 3: Financial Plan
- Evaluate the impact of internal resources and financial capabilities on the business model implementation.
- Create a financial plan that includes the key elements needed to support the implementation of a strategic plan.
- Include your projected budget.
- Part 4: Implementation
- Develop a communication plan that supports and manages the implementation strategy.
- Choose methods and strategies to support implementation processes.
- Part 5: Evaluation and Control
- Determine what measurement guidelines should be used to verify strategy effectiveness.
- Explain when you would consider altering the strategic plan you have suggested if implementation does not go according to plans.
- Determine what tolerance range should be in place that would call for corrective action if exceeded.
- Determine what corrective action you need to make if the organization’s performance fell outside the tolerance range.
Submit the assignment as a complete plan, including Parts 1 through 5.
Cite and reference at least 5 peer-reviewed, scholarly, or similar references to support your information.
Format your plan according to APA guidelines.
