Business Finance
MGT498 University of Phoenix Strategic Management Plan Paper

MGT498

University of Phoenix

Question Description

Purpose of Assignment

A strategic management plan addresses four different management functions: environmental scanning, strategy formulation, strategy implementation, evaluation and control. Weeks 3, 4 and 5 individual assignments (Part 1, Part 2 and Part 3) are integrated to generate a strategic management plan. The purpose of the Week 3 individual assignment is to evaluate the internal and external environments of Boeing, to analyze the competitive advantage of Boeing, to evaluate a set of suitable strategies, and to examine appropriate metrics.

This assignment provides students an opportunity to research the company as if they were involved in a company's actual strategic management planning process. It allows students to see which management planning process and management plan the company is currently using, allowing them to measure the effectiveness of current strategies.

A Strategic Management Plan addresses four different management functions: Environmental Scanning, Strategy Formulation, Strategy Implementation, Evaluation and Control.

The Week 3, 4, and 5 Individual Assignments (Part 1, Part 2, and Part 3) are integrated to generate a Strategic Management Plan. This is Part 1 of the three-part Strategic Management Plan.

Assignment Steps

Write a 1,050-word report on Boeing and do the following:

  • Evaluate the internal and external environments of your selected company using an environmental scan.
  • Analyze the competitive advantage of your selected company.
  • Evaluate the strategies your selected company uses to create value and gain competitive advantage.
  • Examine the measurement guidelines your selected company uses to verify its strategic effectiveness.
  • Evaluate the effectiveness of the measurement guidelines your selected company uses.

Cite 4 scholarly references, including at least one peer-reviewed reference from the University Library.

Format your paper consistent with APA guidelines.

Final Answer

Attached.

Strategic Management Plan–Outline
Thesis Statement: The analysis of Boeing strategic management is important in understanding
the positioning of the company to achieve its success in the environment.
I.

Boeing Internal and External Environment
A. Economic factors
B. Socio-cultural
C. Resources and capabilities
D. Expansion

II.

Competitive Environment
A. Commercial markets
B. Lean production

III.

Strategies Used To Create Value and Gain Competitive Advantage
A. Strategic alliances
B. Operating systems

IV.

Verification of Strategic Effectiveness

A. Sales analysis
B. Market ratings
V.

Effectiveness of Measurement Guidelines
A. Response analysis
B. Market expectations


Running head: STRATEGIC MANAGEMENT PLAN

Strategic Management Plan
Name
Institution

1

STRATEGIC MANAGEMENT PLAN

2

Strategic Management Plan
Strategic planning is important for an organization in the evaluation of the activities that
help in strengthening the operations of the company and guiding the employees towards the
achievement of the goals of the enterprise. It is important that there is focus on the procedures
and the decisions that affect the actions of the organization and in the case; it helps in improving
the progress of the organization in competing in the environment. The analysis of strategic
planning involves proper communication in the organization as it sets the elements that help in
executing the organizational strategies and the coordination of the processes contributing to the
alignment of the resources of the company to the strategies. The analysis of Boeing strategic
management is critical in understanding the positioning of the company to achieve its success in
the environment.
Boeing Internal and External Environment
The environment of operation makes it necessary for the company to make strategic
decisions and this involves the analysis of the internal and external factors and the making of
decisions that affect the company positively in positioning itself in the market. One of the
external factors that affect the company is the economic factors such as...

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