Description
Purpose of Assignment
Weeks 3, 4 and 5 Individual Assignments are integrated to generate a Strategic Management Plan. This is part three of the three part Strategic Management Plan addressing strategy implementation, evaluation and control. The purpose of the Week 5 individual assignment is to allow the student to discuss and explain how the strategies discussed in prior weeks are converted into implementation activities both domestically and internationally, in alignment with legal, social and ethical considerations. Furthermore, the student has an opportunity to explain and discuss how the strategic plan and implementation activities will be monitored.
Weeks 3, 4, and 5 Individual Assignments are integrated to generate a Strategic Management Plan. This is Part 3 of the three part Strategic Management Plan.
Assignment Steps
Write a 1,050-word report on the company you selected in Week 3, following up on the Individual Assignment of Week 3 (Environmental Scanning), and address the following:
- Strategy Implementation
- Discuss International Strategy.
- Discuss Strategic Implementation.
- Explain the influence of Governance and Ethics.
- Discuss the Company Social Value.
- Discuss Innovation and Diversification.
- Discuss Legal limitations.
- Evaluation and Control
- Explain Strategic Metrics.
- Discuss Key Financial Ratios.
Cite at least 3 scholarly references.
Format your paper and presentation consistent with APA guidelines.
Presentation
Weeks 3, 4, and 5 Individual Assignments are integrated to generate a Strategic Management Plan. Outline your strategic plan for the selected organization in a 5- to 10 slide presentation using Microsoft® PowerPoint® .
Include the appropriate speaker notes to explain the key points in your presentation.
Include ethical considerations, environmental scanning for competitive advantages, innovation and sustainability considerations, measurement guidelines, internal dynamic and resource considerations for strategy implementation, and what feedback considerations the selected organization should put into place to ensure the success of the company.
Keep your audience in mind and make your strategic plan convincing.
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Please find the attachments below and let me know in case of any edits required
Running head: STRATEGY IMPLEMENTATION, EVALUATION AND CONTROL
Strategy Implementation, Evaluation, and Control
Name:
Institutional Affiliation:
1
STRATEGY IMPLEMENTATION, EVALUATION AND CONTROL
2
Strategy Implementation, Evaluation, and Control
Strategy Implementation, evaluation, and control is the next important step once Amazon
does an environmental analysis. Strategy implementation refers to translating the strategy into
action so that strategic goals and objectives are achieved (Lasserre, 2017). Strategy
implementation is also the way an organization organizes its resources and chooses to use
strategies which lead to a competitive advantage and improved performance. Once strategic
implementation has happened, evaluation and control are essential. Strategic evaluation refers to
the assessment of the strategies to determine whether they are effective and leading to the
achievement of set goals and objectives. Strategic control includes putting the necessary
measures to ensure that the organization does not deviate from its strategy. Strategic evaluation
and control are the final steps of strategic management. Amazon will, therefore, carry out
implementation, evaluation, and control. These are discussed further below.
Strategy Implementation
Strategy implementation for Amazon will involve different factors. Implementation must
be done correctly otherwise the strategy may fail. It is therefore important that Amazon gets
strategy implementation right. The factors that affect strategy implementation are further
discussed below.
International Strategy
International strategies involve business taking place in different regions of the world.
There are three major types of international strategies that Amazon can employ to enter the
STRATEGY IMPLEMENTATION, EVALUATION AND CONTROL
3
international market. These methods include export, licensing, franchising, joint ventures or
having wholly owned subsidiaries (Lasserre, 2017). The best strategy that Amazon can employ is
franchising. Franchising will involve the parent organization, Amazon, giving rights to some
retailers to use the organization’s business name and operate under the same practices as the
parent company. The advantage of franchising is that they have a higher success rate and
Amazon will have people in charge of their businesses all over the world....