Part 1 Business Policies and Strategies
Write 500–700 words and references that respond to the
following questions with your thoughts, ideas, and comments. This will be the
foundation for future discussions by your classmates. Be substantive and clear,
and use examples to reinforce your ideas:
As the newly hired manager of the corporation strategic
planning department, you plan to hold an initial meeting with your new team of
strategic planners to make sure that they truly recognize the differences
between routine planning and strategic planning.
Discuss the following specific questions:
your own words, describe the difference between strategic and routine
planning; give an example of each.
could happen to an organization that does not use strategic planning or
uses poor strategic planning?
As part of your primary task response for this week's
discussion board assignment, you will reflect on your thoughts about taking the
comprehensive exam at the end of this course. The comprehensive exam is to
assess how much you have learned throughout the degree program. We use the
feedback from the exam to continue to improve our program to ensure the highest
quality for all students.
The comprehensive exam is 100 points and is worth 10% of
your grade. You will receive a series of multiple choice questions and you will
have three minutes to answer each question. You will need to have computer
Internet access but not additional application plug-ins will be required. The
exam works on all Internet browsers. When you receive your results you will
need to upload the copy as a submission file.
The comprehensive exam will cover the core business competencies
that you covered throughout your program. The topics covered include marketing,
finance, accounting, business law, management, leadership, etc. There
is no need to prepare for the exam. We want to determine what knowledge
was retained throughout the program. However you may want to develop strategies
in taking an exam.
What strategies do you have to be successful in taking exams
(how do you relax, make sure your stress level is down, etc.)? Share best
practices with your classmates on how they can best prepare.
Part 2 Business Policies and Strategies
1300–1600 words and references
There are a number of well-known strategic planning models.
To bring your team up to speed on the evolution of strategic planning itself,
write a white paper of 1300–1600 words, addressing the following specific
models of strategic planning:
Porter's Five Forces
Slywotzky's Value Migration
Chan Kim and Renee Mauborgne's Blue Ocean Strategy
Using the Web resources provided and any others you find,
make sure to address the following specific questions in your white paper:
premise underlying each of the three models of strategic planning and the
advantages each brings to the process
- How to
apply or implement strategic planning using each of the 3 methods
pros and cons of each strategic planning method
one of the models and respond to the following questions:
methods could be used to ensure continuous process improvement in the
organization from a production and operations management perspective?
a business finance/accounting perspective, how would you analyze the
business and measure the effectiveness of your strategy so you can make
the best decisions for the organization?
would you, as a leader, help the organizational structure and culture
adapt to the changes that would result from this strategy (how would you
empower teams, resolve conflicts, and motivate employees to support the
changes from this strategy)?
a marketing perspective, what effect will the strategy have your
marketing plan; product differentiation, positioning, life cycle, and
portfolio; and internet/retail marketing to your customers?
human resource management changes will be necessary because of the
strategy? Address each of the functions of HR including: staffing,
training and development, performance management, compensation, and