***I am including Projects 1 & 2 to facilitate project 3.***
In this project, you will complete Phase 3 of the Business Strategy Analysis. Drawing from the course material, you will
- Use the course material through week 7 and your research to complete Phase 3 of the Strategy Analysis.
- Learn and apply concepts concerning human resources. You will also write an Executive Summary.
You are also completing this project to help develop critical thinking and develop part of a management plan.
You will be required to research the infant formula industry as a continuation of Project 1 and Project 2. Do not take the research lightly as you are required to do significant research to answer the requirements of the project.
Skills: Research, Critical Thinking, Write a Strategy Analysis
Outcome Met by Completing This Assignment
- employ effective planning processes to develop strategies, goals, and objectives in order to enhance performance and sustainability
- organize human, physical, and financial resources for the effective and efficient attainment of organizational goals
- demonstrate leadership skills by communicating a shared vision, motivating and empowering others, and creating a culture of ethical decision-making and innovation
- develop measures and assess outcomes against plans and standards to improve organizational effectiveness
The Executive Director for the new Asia Division
, has been asked by Max Barney to put together, and present in a report to him, a business strategy that will be a guide for the next year as the new division moves forward. The Executive Director will be working with the consulting group and they will assist with putting together this plan. The final plan will be laid out as outlined below and developed in three phases.
You have successfully completed Phase I and Phase II and it is now time to complete Phase III. In the third phase, Section I and Section VII will be completed.
Section I – Executive Summary
Section II – Goals and Objectives
Section III – Competitive Analysis
Section IV – Description of Organizational Structure and Culture
Section V – Breakdown of Product and Services
Section VI – Communications Plan
Section VII – Human Resources Plan
The business strategy will provide the organization an opportunity to explain the goals and objectives of the new division and help with the development of the strategy to achieve them. The plan will allow the company to gain insight into the current status of the industry it is venturing into using internal and external analysis tools, and then use this analysis to design its division’s business environment. In addition, the plan will be used to form the team that will bring the vision for this division to reality.
Instructions for completing Phase III
These two sections will finalize the strategy the group from Expert Foods Consultants has been assisting the Executive Director with. Although you typically would be combining all three phases into one document, for the purpose of this work, you will on present the two parts identified above.
You will need the Biotech Company Profile (see attached) to complete the analysis.
Step 1: Human Resource Plan
A human resource plan will allow the director of the new Asia division to identify the future human resource needs for the organization. The director has asked Expert Foods Consultants to evaluate the product line identified and conduct market analysis to determine possible man power needs for the product manufacturing and all management and supervisory roles (to include all levels of management). The management levels should have been identified in the Description of Organizational Structure and Culture section of this strategy, but the resource needs in manufacturing will need to be considered. Remember the only person currently hired for the new facility is the Director so there will need to be Assistant Division Directors (ADD) for the other areas identified in the Structure such as Marketing, R&D, Sales, etc. Each of the ADD’s will need to have staff as well; you will need to identify how each ADD will be provided staff. Will they identify and interview themselves or will HR be a part of the hiring process. The Organizational Chart is also a part of the HR plan so ensure that a revised organizational chart is also placed in this section for reference.
Training is a key to retention in business today; employees like to feel they are important to the organization and investment in their competencies shows commitment to them. So, consider what the new division will need to do to ensure they are keeping the best talent they find.
Evaluation is another way organizations can show their commitment to employees. How will the new division conduct employee evaluations based on what is common in the area that the Expert Foods Consultants identified? This will require a level of research in common HR practices in that region.
You needs to remember that this is a brand new division that will be selling products that Biotech currently is not involved in so all aspects of business will need to be considered such as marketing, etc. Remember there is no perfect HR Plan, just plans that work and plans that do not. Good plans consider the employee and the culture around them just as important as the organization itself.
Step 2: Executive Summary
The Executive Summary will be the first section of the paper but should be written last since it will highlight what is intended for discussion in the rest of the strategy. A good executive summary is compelling. It reveals the company’s mission statement, along with a short description of the products Biotech will provide at the launch of the new division. It is also necessary to briefly explain why Biotech is starting the new division and include details about Biotech’s experience related to the industry the company is entering.
Step 4: Review the Paper
Read the paper to ensure all required elements are present. Use the grading rubric to ensure that you gain the most points possible for this assignment.
Proofread the paper for spelling and grammatical issues, and third person writing.
- Read the paper aloud as a first measure;
- Use the spell and grammar check in Word as a second measure;
- Have someone who has excellent English skills proof the paper;
- Consider submitting the memo to the Effective Writing Center (EWC). The EWC will provide 4-6 areas that may need improvement.
How to Set Up the Paper
Create a Word or Rich Text Format (RTF) document that is double- spaced. Use 12-point font. The final product will be 3-5 pages in length excluding the title page and reference page. Write clearly and concisely.