Coca Cola project

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ebovafba1306

Business Finance

Description

Please see attach file. Just give you a overview about the project.

PART 9

As you've learned this week, the control process is essential to the achievement of goals. It allows a business to track their progress, make adjustments, and stay on schedule for what they're trying to achieve. Your chosen goal from the strategic management project needs these same types of controls. This course project assignment will task you with creating a detailed control process for that goal. Think through all of the departments that might be involved in the completion of the goals and how they'll need to be tracked. The course content from this week can be very useful in providing details on strategies and ideas for control processes. Some additional research will also prove useful. This assignment should be at two pages in length and complete the following:

  • Identify four separate strategies that you will use to control your strategic goal.
  • For each strategy:
    • Identify which aspect or metric of the goal they're controlling.
    • Explain the reasoning and value behind the control choice.
    • Identify the control as feed forward, concurrent, or feedback.

As an example, if my goal is to "decrease the amount of defective parts made on my assembly line by 5%", I could control it through regular maintenance checks (feed forward), thorough employee training on the machines (feed forward), and a software system that monitors production while it's happening and can print off detailed reports after work is completed (concurrent and feedback). You will need to go into much more detail on the structure, process, and purpose of your control methods, but this should give you a good idea of how to complete this assignment. Really think through how you'll keep up to speed with company progress on your strategic management goal.


PART 10

Before you submit the final version of your Strategic Management Plan, the last piece you need to create is an Executive Summary. This should be the first page in the final version of your plan. It's meant to be something that an executive could quickly read in order to get a basic understanding of the overall strategic management plan. Due to its purpose, the executive summary should be a thorough and concise summary clearly depicting the content of the plan. Give an overview of the goal you're trying to accomplish, any major findings in your research, the reasoning behind the goal, and any major obstacles you foresee. It should be treated as a document ready to be turned into an executive director, board of advisors, investor, etc. Therefore, format and style (presentation) is very important. 1 PAGE

APA STYLE FOR BOTH PART

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Explanation & Answer

Attached.

Running head: COCA-COLA COMPANY

1

Coca-Cola Company
Institution Affiliation
Date

COCA-COLA COMPANY

2

Introduction
A control process entails the actions taken by the management of a firm following the
watchful gathering of information on its schemes, processes, people, or teams so as to come up
with appropriate decisions on each (Thompson and Martin, 2010). The executives tend to
establish control systems which comprise of setting principles to calculate productivity, calculate
the real output, have a comparison of productivity against the principles, and implement
undertakings meant to rectify the shortcomings. All these procedures should constantly be
reiterated occasionally while waiting for when the firm to accomplish its set objectives.
The Control Process
The significant objective of the Coca-Cola Company that we identified is to ensure that it
gains the ability to dominate the market by about 95%. This will be accomplished through the
implementation of the suggested tactics which are founded on its workers. Therefore, with an
aim of managing the strategic goal, the company should consider adopting some tactics. These
may comprise of ensuring that the discipline of the employees is sustained, maintaining the
fulfillment of the desires of their customers, sustaining its competitive advantage, and developing
long lasting relations with the customers. These control methods will be able to manage its
strategies which are meant to advance its position in the market.
The first tactic is on the maintenance of the disciple of the company's workforce. This
usually affects the firm significantly since the personnel is the representatives of the firm
(Wilkinson and Kannan, 2013). The management should ensure that all the staff possess good
conduct and refrain from those acts that would re...


Anonymous
I was having a hard time with this subject, and this was a great help.

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