STR/581 Week 5 Individual Assignment

Anonymous
timer Asked: May 8th, 2018
account_balance_wallet $50

Question description

Hello I was hoping that you would be able to assist me with my assignment for this week. Attached is the Assignment and Requirements as well as the chapters for this week. Thank you.

WEEK 5 INDIVIDUAL ASSIGNMENT AND REQUIREMENTS • Student Supplemental Textbook Materials Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2015). Strategic management: Competitiveness and globalization (11th ed). Stamford, CT: Cengage. HERE IS THE ASSIGNMENT BELOW: About Your Signature Assignment This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments may be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements. Write a 1,400-word minimum strategic implementation plan in which you include the following: • • • • Create an implementation plan including: o Objectives o Functional tactics o Action items o Milestones and deadlines o Tasks and task ownership o Resource allocation Recommend any organizational change management strategies that may enhance successful implementation. Develop key success factors, budget, and forecasted financials, including a break-even chart. Create a risk management plan including contingency plans for the identified risks. Format your paper according to APA guidelines.

Tutor Answer

Cess
School: New York University

hey bff, i have posted the answers, kindly confirm. If you have any questions kindly contact me. thank you

Running head: STRATEGIC IMPLEMENTATION PLAN

Strategic Implementation Plan
Name
Institution Affiliation

1

STRATEGIC IMPLEMENTATION PLAN

2

Strategic Implementation Plan
Objective
Walgreen has been making aggressive efforts to expand geographically and increase its
revenue growth through patnerships and acquisition. Currently, the company is in a process of
acquiring stress from Rite Aid. The objective of the company is to enhance its cost structure, to
expand operating margins and increase earnings. Therefore, the acquisition and strategic
partnership with Rite Aid will enable Walgreen to earn from cross-selling of commodities and
procurement synergies. The acquisition of Rite Aid will increase the company's stock valuations,
its cash flow will improve as well hence allowing Walgreen to repay its debt and improve its
balance sheet.
Functional Tactics
To ensure the successfully achievement of the above set objective, Walgreen will have to
change its current functional tactics and adopt a new one. Walgreen will have to adjust to
operating in new geographical locations such as West Virginia, Kentucky, and Utah where the
company had no stores before. However, this does not mean that the company will alter all its
functional tactics. Some of the tactics such as provision of quality customer’s care will continue
being Walgreen's backbone as it acquires the new stores.
Action Items
The action items which are in line with the company's objective includes


Accept transfer of the 1932 stores from Rite Aid



Finalize the acquisition

STRATEGIC IMPLEMENTATION PLAN


3

Adopt effective marketing strategy for the existing stores as well as for the acquired ones.
Milestones and Deadlines

The following are the deadlines and milestones w...

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Review

Anonymous
Awesome! Exactly what I wanted.

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