\nWrite a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.
\nIdentify key trends, assumptions, and risks in the context of your final business model.
\nDevelop 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 SWOT analysis and supply CHAIN analysis.
\nConsider the following four quadrants of the balanced scorecard when developing your strategic objectives:
\nShareholder Value or Financial Perspective, which includes strategic objectives in areas such as:
\nMarket share
\nRevenues and costs
\nProfitability
\nCompetitive position
\nCustomer Value Perspective, which includes strategic objectives in areas such as:
\nCustomer retention or turnover
\nCustomer satisfaction
\nCustomer value
\nProcess or Internal Operations Perspective, which includes strategic objectives in areas such as:
\nMeasure of process performance
\nProductivity or productivity improvement
\nOperations metrics
\nImpact of change on the organization
\nLearning and Growth (Employee) Perspective, which includes strategic objectives in areas such as:
\nEmployee satisfaction
\nEmployee turnover or retention
\nLevel of organizational capability
\nNATUREof organizational culture or climate
\nTechnological innovation
\nEvaluate potential alternatives to the issues and\/or opportunities identified in the SWOT Analysis paper and table you completed in Week 3.
\nCreate at least three strategic objectives for each of the four balanced scorecard areas. Base your solutions on a ranking of alternative solutions that includes the following:
\nIdentify potential risks and mitigation plans
\nAnalyze a stakeholder and include mitigation and contingency strategies.
\nIncorporate ethical implications
\nDevelop a metric and target for each strategic objective using a balanced scorecard format.
\nExample: 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.)
\nOutline a BRIEF communication plan discussing how you will communicate the company’s strategic objectives that includes the following:
\nDefine the purpose.
\nDefine the audience.
\nIdentify the channel(s) of communication and why you selected that channel.<\/p>\n","protected":false},"excerpt":{"rendered":"
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. Identify key trends, assumptions, and risks in the context of your final business model. Develop the strategic objectives Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-232833","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/232833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=232833"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/232833\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=232833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=232833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=232833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}