Business Finance
MGT660 Grand Canyon University Wk 1 Gaps in Alignment of Strategy Paper


Grand Canyon University

Question Description

Reviewing your Strategic Plan that you have developed anticipate any gaps in alignment of strategy for the organization.

Attached are powerpoint's of my strategic plan.

Please write atleast a paragraph with 3 sources used to support your argument.

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Donate for the Poor Mobile Application Anthony LaGrega Grand Canyon University- MGT660 November 12, 2019 Introduction ■ There are numerous people globally who are poor despite many strategies by charitable organizations to reduce the poverty levels. ■ Poverty can be in the form of basic resources or the lack of the needed income to buy the resources required for sustainability (Andreoni & Payne, 2011). ■ Due to globalization, the use of the internet and smartphones has been popular with the market continually expanding. ■ We are creating this app because we want to make a market entry to expand the capability of people donating through their smartphones and make the process easier to reduce the poverty levels globally. Vision, Mission, and Values of the Organization. ■ Vision: Our vision is of an energetic, expressive, inclusive and a sharing society across the world contributing to a thriving, poverty free and a stable international community. ■ Mission: To grow the recognition for donation for the poor, enable community participation and maximize the influence of volunteering ■ Values: 1. Inclusiveness 2. Integrity 3. Participation 4. Quality 5. Openness Driving the Culture through Core Values ■ The company culture forms the basis for the organization strategy and is the greatest asset ■ The core values will instill clear sense of purpose among the different shareholders in the community and form a footprint that will guide decision making across the organization (Huck et al., 2015). ■ The core values will be translated to behaviors which forms the culture of the organization ■ Through the core values; the employees will know what to do in every situation and implement the different strategies effectively (Kiger, 2017). The company culture The different aspects of the culture to implement in the organization include: ■ Caring ■ Innovative ■ Commitment to learning ■ Consistency ■ Connection and communication Competitive Advantage The competitive advantage will help the company to outperform the competition by introducing the latest mobile technology that is used by most of the people globally. 1. Economies of Scale: due to the funding we hope to receive, the organization will be able to reach most affected regions globally. 2. Variety: the organization will be able to accept different types of donations including physical commodities which will be exchanged in the platform for money (Andreoni & Payne, 2011) 3. Know-how: the organization will employ people who know the different aspects of charitable organizations to ensure smooth running. 4. Efficiency of the process- all the transactions will be made available online with confirmation on receipt from the different stakeholders to guarantee transparency Impacts of Globalization ■ Globalization is Key to the success of the organization due to reach of donors in every country to facilitate more revenue hence reaching numerous needy people (Kiger, 2017). ■ It further facilitates in tapping the latest technology in the market as well as talented employees to help in the development of better solutions to reduce the poverty levels across different continents (Huck et al., 2015) ■ Additionally, the number of charitable organizations is increased as the organization expands to new markets. This will lead to less revenue for the organization. References ■ Andreoni, J., & Payne, A. A. (2011). Is crowding out due entirely to fundraising? Evidence from a panel of charities. Journal of public Economics, 95(5-6), 334-343. ■ Huck, S., Rasul, I., & Shephard, A. (2015). Comparing charitable fundraising schemes: Evidence from a natural field experiment and a structural model. American Economic Journal: Economic Policy, 7(2), 326-69. ■ Kiger, J. (2017). Philanthropists and foundation globalization. Routledge. Strategic Viability of External and Internal Assessment Tools in Strategic planning. Internal assessment tools in Evaluating Organizations strength and weaknesses. Overview ■ Strategic planning is an organizations process of outlining and defining its strategies or directions the making decisions and later allocating resources to fulfill the outlined strategy. ■ Internal and external assessment will play a key role in implementing the success of the organization. ■ Though internal and external assessment has got some merit and demerits, both have been discussed in details. ■ Internal assessment analysis will touch on management, finance, accounting, production, research and management information system. Internal Assessment on management information systems. ■ It will help the management in decision making. ■ It will help the management achieve its managerial objectives and goals. ■ It will also help the management to asses the progress of the organizations and this will help the organization to know the areas to focus on. ■ On the other hand internal assessment will put the employees with a lot of pressure in their working places since supervision will be direct. Internal Assessment on marketing ■ Internal assessment of your organization will help you in expanding your market by identifying your internal strengths and weaknesses and this will help the organization on strategizing properly. ■ Again through SWOT analysis the organization will identify the best market to sell their products. ■ On the other hand it will help in coming up with promotion strategies within the organization. Internal assessment on accounting. ■ Internal assessment will help the company come up with a very god way of managing its books of accounts and also in preparing their various financial document. ■ This will again the company to know the profit it is making in a year and from this the projections can be calculated hence it can be used to predict the future. ■ It will also help in assessing the accounting the information to business owners and giving them chance to analyze the overall efficiency and effectiveness of their business operations. Internal assessment on production and research. ■ It will increase the production rate of the company and this will enable the company to make more profit. ■ It will also help in identifying the topics to research on. ■ It will also help the company to know what to produce and what not to produce. The company will identify its competitive advantage over others. ■ On the other hand internal assessment will may lead to a misleading data from research since one will only focus on data from their business. External assessment ■ External assessment involves assessing the organization from outside the firm. The assessors will be able to access information about the firma may be through communication or reading. ■ Though it is cost saving, it can lead into inappropriate results since there is no physical appearance needed. ■ It will involve sending experts into the organization to asses whatever is taking place in the company. ■ It will also help in identifying external market for the companies goods and services. References ■ David, F. R., & David, F. R. (2019). Strategic management: A competitive advantage approach, concepts and cases. Pearson. ■ Steiss, A. W. (2019). Strategic management for public and nonprofit organizations. Routledge. ■ Bryson, J. M., Edwards, L. H., & Van Slyke, D. M. (2018). Getting strategic about strategic planning research. ■ Kamariotou, M., & Kitsios, F. (2019). Strategic information systems planning. In Advanced Methodologies and Technologies in Business Operations and Management (pp. 535-546). IGI Global. ...
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Submission date: 02-Dec-2019 09:45AM (UTC-0600)
Submission ID: 1225172439
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