BUS 4015 Capella University Strategic Planning Process Matrix Discussion
Complete a growth-share (BCG) matrix for an organization of your choice, along with a preparation worksheet in which you assess information for the matrix.A BCG matrix, also known as a growth-share matrix, identifies departments and divisions within an organization that should receive fewer resources than others. It may also identify divisions that can be divested. SHOW LESSBy successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:Competency 1: Evaluate key elements of the strategic planning process. Assess the key divisions of an organization.Develop a BCG Matrix of an organization.Competency MapCHECK YOUR PROGRESSUse this online tool to track your performance and progress through your course.Toggle DrawerContextEvery organization needs to communicate clear objectives. Analytical tools like BCG, a Boston Consulting Group evaluation of relative market share position and industry sales growth rate, and grand strategy matrix, a four-block model that recommends strategies based on competitive position and industry market growth, can improve the quality of strategic decisions, but leaders must make these choices. Behavioral, cultural, and political aspects of the process and selection are important to manage. Boards of directors are assuming a more active role in strategy because of legal pressures.Toggle DrawerResourcesRequired ResourcesThe following resources are required to complete the assessment.Capella ResourcesClick the links provided to view the following resources:BCG Matrix Template.SHOW LESSSuggested ResourcesThe following optional resources are provided to support you in completing the assessment or to provide a helpful context. For additional resources, refer to the Research Resources and Supplemental Resources in the left navigation menu of your courseroom.Library ResourcesThe following e-books and articles from the Capella University Library are linked directly in this course.Morden, T. (2007). Principles of strategic management. Abingdon, Oxon, GBR: Ashgate Publishing Group.Course Library GuideA Capella University library guide has been created specifically for your use in this course. You are encouraged to refer to the resources in the BUS-FP4015 – Strategic Planning and Implementation Library Guide to help direct your research.Bookstore ResourcesThe resources listed below are relevant to the topics and assessments in this course and are not required. These resources are available from the Capella University Bookstore. When searching the bookstore, be sure to look for the Course ID with the specific –FP (FlexPath) course designation.David, F. R., & David, F. R. (2017). Strategic management: A competitive advantage approach, concepts & cases (16th ed.). Boston, MA: Pearson.Assessment InstructionsYou may wish to review the suggested readings listed in the Resources as well as do your own research into completing a BCG matrix to prepare for this assessment.Complete the following:Select an organization with multiple divisions or product lines to analyze. For example, Apple would likely be considered to have multiple divisions, such as those associated with iTunes, iPods, iPhones, iPads, and Mac computers.Assess your chosen organization's key divisions. To do this, place five column headings at the top of a worksheet. Title the columns as follows: Divisions, Revenues, Profits, Market Share Position, and Industry Growth Rate. Assess your organization's key divisions in each of these five categories. This information will help provide the foundation necessary to successfully complete a BCG matrix. Submit this worksheet as one of the deliverables for this assessment.Use the BCG Matrix Template linked in the Resources under the Required Resources heading to complete a BCG matrix for your chosen organization. You might find it interesting and useful to compare and discuss your results with people from the organization.Be sure to submit both your completed BCG matrix and your preparation worksheet for this assessment.Additional RequirementsWritten communication: Written communication is free of errors that detract from the overall message.APA formatting: If you use sources, ensure that resources and citations are formatted according to APA (6th edition) style and formatting.Font and font size: Times New Roman, 12 point.