Course Project - Executive Summary and Strategic Goal Controlling, management homework help

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Part 9 GE

Course Project - Executive Summary

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.


Part 10 GE

Course Project - Strategic Goal Controlling

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 least 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.

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Module 05 Course Project - Executive Summary 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. Submit your completed assignment to the drop box below. Please check the Course Calendar for specific due dates. Save your assignment as a Microsoft Word document. (Mac users, please remember to append the ".docx" extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below: Jstudent_exampleproblem_101504 Module 05 Course Project - Strategic Goal Controlling 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 least two pages in length and complete the following: • • Identify four separate strategies that you will use to control your strategic goal. For each strategy: o Identify which aspect or metric of the goal they're controlling. o Explain the reasoning and value behind the control choice. o 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. Submit your completed assignment to the drop box below. Please check the Course Calendar for specific due dates. Save your assignment as a Microsoft Word document. (Mac users, please remember to append the ".docx" extension to the filename.) The name of the file should be your first initial and last name, followed by an underscore and the name of the assignment, and an underscore and the date. An example is shown below: Jstudent_exampleproblem_101504 MAN 4900 CAPSTONE Project Overview Throughout this course your ability to draw upon current and prior business management knowledge is key. Using this knowledge, you will create a strategic management plan of an organization of your choosing, while focusing on developing an effective executive summary. Halfway through the project you will need to set original strategic goals for your chosen company to accomplish. The second half of the project will then focus on budgeting and planning for the completion of these goals. A strategic plan is really a road map for the future of a business. It provides guidance and direction for all aspects of an organization in support of the company's goals. It draws upon all areas of business including human resources, marketing, IT, and finance, and even looks at the external influences and the competitive marketplace. It requires you to pull together everything you learned throughout your course of study as well as incorporate current and relevant research. Due Date Your final project is due in Week 6. There will be individual assignments, sometimes two in a week, along the way. The week they are due is noted in the time line below. Time Line Week Assignment 01 Company Selection; Ethics and Creating a Mission Statement 02 Internal and External Analysis; Market Analysis 03 Human Resources Strategy; Budget Estimates 04 Technology Allocation; Implementation Timeline 05 Control and Evaluation Methods; Executive Summary 06 Reflection; Final Project Submission Requirements Your project is built in stages throughout the course as noted in the timeline above. As you move on to the next stage, be sure to revise your work based on instructor feedback. This is important because week 6 will require you to compile all the previous portions of the project, revise them, and then turn in a completed strategic management plan. For many stages of the project you will need to conduct additional research. As you do remember: • • Use statements and ideas that you have come up with on your own and blend these with your research. Do not plagiarize. If you want to use actual words from a source, put them in quotation marks and include the source. Follow APA format only for citing your sources. For APA guidelines, go to your college's Online Library which you can access through the Resources tab. Evaluation Each assignment leading up to the final paper is evaluated and graded independently. Your instructor will provide specific grading criteria for each step of the project prior to its due date. For Further Questions If you have any questions throughout this project, please ask your Instructor. Post ideas and questions for your classmates in the General Course Questions forum in the Getting Started folder of this course The following is a list of companies you can choose from for your course project. All of them are considered leaders in sustainability practices. You can also use your company or one you are very familiar with, as you use the IISD Business Sustainability Checklist as a basis for your project. General Electric PG &E H&M Nokia Unilever Vodafone Geberit Henkel Inditex(Zara) Toyota Conoco Phillips Diageo Embridge Nippon Your Company TNT Siemens Smiths Group Proctor & Gamble Westpac Bank Royal Dutch Shell Another Company You Know Well
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Hi,Find attached the completed work.Feel free to ask for any clarification or editing if need be.Looking forward to working with you in the future.Thank you.

Running head: STRATEGIC MANAGEMENT PLAN

Executive Summary
Student’s Name
Professor’s Name
Course Title
Date

STRATEGIC MANAGEMENT PLAN

2
Executive Summary

Strategic planning is all about the definition of an organization’s strategy and decisionmaking on how resources are to be allocated towards the achievement of the set objectives and
goals. It may also involve the control mechanisms to guide the strategy implementation process.
This strategic management plan relates to the General Electric Company (GE), which is among
the most successful corporations globally. It aims at identifying the best strategy GE can use in
order to not only grow its revenues but also increase its presence in the areas it has not been
established. In this plan, I review the company’s code of ethics, propose a revised mission
statement which is ‘To usher in the next industrial era and to build, move, power, and cure the
world by providing high-quality products and services while at the same time remaining socially
responsible’. To achieve this mission, GE has to strategize on what business segment they are to
improve or work on even better. After a thorough review, the plan settles on focusing on the best
performing and largest business segment among the various business segments in order to raise
more revenue for running the other business segments. This is the strategy that has been
discussed throughout the plan. Internal and external market analysis is conducted in regard to the
chosen segment which is the ...


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