Description
Use your completed strategy map to formulate functional-level strategy for the primary business functions included in your plan. Functional-level strategies are the action plans used by departments within organizations to support the execution of business-level strategy at the managerial level. Create a 750 -900 word action plan that addresses the following:
- Identify which management tactics and strategies you will implement to meet your strategic goals for each of the stakeholders, departments, or business functions impacted by your plan: MBO, MBM, single-use or standing plans, competitive advantage, contingency planning, building scenarios, crisis planning, and innovation.
- Provide an explanation of how you will apply managerial decision-making methods throughout your action plan.
- Which business functions will be impacted by your action plan? What tactics will you use to manage implementation across business functions? What can you do to enhance collaboration/cross-functionality to ensure the success of your plan?
- Identify leadership strategies you plan to implement throughout the execution of your action plan. In particular, explain which strategies you would implement to foster team collaboration among the multiple stakeholders who must collaborate to successfully implement the plan. Why do you think these will be successful?
While APA format is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

Explanation & Answer

Attached.
Strategic Planning
I.
Describing management tactics and strategies to implement to meet strategic
goals
II.
Explanation on how to apply managerial decision-making methods throughout the
action plan
III.
Identifying the business functions that will be impacted by the action plan
IV.
Describing the tactics to be used to manage implementation across business
functions
V.
How to enhance collaboration/cross-functionality to ensure the success of the
action plan
VI.
Identifying leadership strategies to implement throughout the execution of the
action plan
VII.
Describing the strategies to implement to foster team collaboration among the
multiple stakeholders who must collaborate to successfully implement the plan
Running Head: STRATEGIC PLANNING
1
Strategic Planning
Institution Affiliation
Date:
STRATEGIC PLANNING
2
Strategic Map
Vision
Maximizing the value of all
shareholders
Financial
Low Costs
Low prices
Customer
Internal Processes
Learning and growth
Increase
efficiency
Improve skills
in personnel
through
training
Maximize
profits
Increase
revenue
Increase
customer
loyalty
Exceed the
expectation
s of clients
Increase
quality of
products
Utilize
advanced
technology
Employ
quality
personne
l
STRATEGIC PLANNING
3
It is crucial for business owners to plan for the success of their businesses. Planning
involves defining the goals and objectives a business wishes to accomplish throughout its
development period (Samson and Daft, 2011). Additionally, the planning proc...
