Final Strategic Plan, management assignment help

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Description

Follow the instructions based on decision to complete the Strategic Plan or Alternative Capstone Project:

Final Strategic Plan

Create the Final Strategic Plan. The Final Strategic Plan contains the elements of all the previous weeks' components and incorporates instructor feedback. The strategic recommendations will be evaluated and the best options chosen for recommendation. The final strategic plan contains:

  • Table of Contents
  • Executive Summary (350 to 700 words)
  • Company Background
  • Mission Statement
  • Vision Statement
  • Value Statement
  • Environmental Scan
  • Internal and External Environmental Analysis
  • Strategic Recommendation
  • Implementation Plan
  • Organizational Change Management Strategies
  • Risk Management Plan
  • Conclusion
  • References

Create a 25- to 35-slide Microsoft® PowerPoint® presentation with speaker notes to present the strategic plan, combining all relevant elements from previous weeks. The objective is to sell the strategic plan to investors or company directors.

Format the assignment according to APA guidelines.

Click the Assignment Files tab to submit your assignment.

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Explanation & Answer

Attached.

Running head: FINAL STRATEGIC PLAN

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Final Strategic Plan for Vivint Solar, Inc.
Name:
Institution:
Instructor:
Course:
Date:

FINAL STRATEGIC PLAN

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Table of Contents
Executive Summary ........................................................................................................................ 4
Company Background .................................................................................................................... 6
Mission Statement........................................................................................................................... 6
Vision Statement ............................................................................................................................. 6
Value Statement .............................................................................................................................. 7
Environmental Scan ........................................................................................................................ 7
Internal and External Environmental Analysis ............................................................................. 10
Internal Environment of the Organization ................................................................................ 10
Important Strengths and Weaknesses ....................................................................................... 11
Important Internal Environmental Factors ................................................................................ 12
Competitor Analysis ..................................................................................................................... 13
Internal Structure of the Organization ...................................................................................... 13
Organization's Competitive Position ........................................................................................ 14
Strategic Recommendation ........................................................................................................... 14
Potential Business Level Strategies for the Organization ......................................................... 14
Potential Corporate Level Strategies for the Organization ....................................................... 15
Potential Global Strategies for the Organization ...................................................................... 16
Recommended Strategies .......................................................................................................... 17
The Implementation Plan .............................................................................................................. 18

FINAL STRATEGIC PLAN

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Objectives ................................................................................................................................. 18
Functional Tactics ..................................................................................................................... 18
Action Items .............................................................................................................................. 19
Milestones and Deadlines ......................................................................................................... 19
Tasks and Task Ownership ....................................................................................................... 19
Resource Allocation .................................................................................................................. 20
Key Success Factors ................................................................................................................. 21
Budget ....................................................................................................................................... 21
Break-even Point ....................................................................................................................... 22
Forecasted Financials ................................................................................................................ 23
Risk Management Plan ................................................................................................................. 23
Conclusion .....................................................................................Error! Bookmark not defined.
References ......................................................................................Error! Bookmark not defined.

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Executive Summary

The goal of this report is to develop an analytical report of Vivint Solar, Inc. an American
solar corporation that designs, installs, and maintains domestic photovoltaic systems as well as
providing solar electricity at no costs. The report starts with the company background, the
mission, vison and the value statements of the corporation. It then addresses a detailed analysis
the environmental scan where internal and external operational environment is discussed. The
environmental scanning is vital for the company to address the rapid changes in the solar sector.
The environmental scan goes ahead to discuss the different measures that Vivint Solar, Inc. can
put in place so as to improve its internal affairs as well as have competitive edge in the solar
power industry.
The detailed analysis of the internal and external and environment highlights the different
strengths and weaknesses that affect the internal and external operations. Some of the important
internal strengths that have enabled Vivint Solar, Inc. to attain high profitability are reduced
labor costs and experienced business units. The internal weakness is overreliance on the stale
selling and marketing channels that can only attract a small number of consumers. The external
environment is the competitor analysis that highlights the key players in the solar sector such as
SolarCity and the percentage of the market that they control.
The strategic recommendation analyses the potential corporate strategy that focuses on
creating value strategies of business to gain control of competitors through achieving market
share value. This strategy boosts profits and reduces costs of organizational products by offering
more products and services to the consumers to dominate the entire market. The strategic
recommendation also evaluates the potential global strategies of Vivint Solar, Inc. According to
this recommendation, Vivint Solar, Inc. should enter the global market so as to expand to other

FINAL STRATEGIC PLAN

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locations and increase profitability. The recommended strategy is the use of technology. The
implementation plan involves the execution of strategic plans that will enhance the internal and
external environment of the business. These approaches will strengthen the competitive edge of
the company, giving it an opportunity to outmuscle market leaders like SolarCity. The
organization change management involves key success factors, the budget, and the forecasted
financials of implementing the recommended strategies. Lastly, the detailed report highlights the
risk management plan that mitigate and minimize potential risks in the planning.

FINAL STRATEGIC PLAN

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Company Background

Established in 2011, Vivint Solar, Inc. is an American solar corporation that designs,
installs, and maintains domestic photovoltaic systems as well as providing solar electricity at no
costs. The company went public in 2014 and is traded publicly on the New York Stock Exchange
and operates in 20 U.S states. Research conducted in 2013 by the GTM Research ranked the
company number second in the United States as a solar installer after SolarCity Inc. (Ideas,
2015). The company has fitted more than 40,000 solar panels in the residential homes as well as
offices in the country. The energy company is regarded as the green home technology
corporation and its a fast emerging solar energy provider that utilizes the power purchase
agreement model or leases.
Mission Statement
The company was established in 2011 with the mission of providing homeowners with
the simplest and highly affordable clean energy. The management believes that going solar
should always be a headache and hassle-free to its customers. For this reason, the company
supplies or distributes solar panels as well as take care of the installation and maintenance cost it
is associated with installation. The solar company is also able to offset the expensive electricity
costs since the solar panels produce clean energy which is much more efficient than the
traditional utilities.
Vision Statement
The vision of Vivint Solar Energy is to use solar power to simplify the life of a consumer,
decrease the energy bill, and conserve the environment.

FINAL STRATEGIC PLAN

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Value Statement

The value statement of Vivint is to offset expensive electricity since their solar panels
generate adequate energy than traditional utilities. This allows the consumers to save money by
paying for solar energy at a rate that’s lower than what the previous utility could deliver.
Environmental Scan
Vivint Solar, Inc. company supplies or distributes solar panels as well as take care of the
installation and maintenance cost it is associated with installation. The solar company is also able
to offset the expensive electricity costs since the solar panels produce clean energy which is
much more efficient than the traditional utilities. However, the efforts of the company’s
management to achieve its competitive edge in the industry have been compromised by the
external environmental factors. Therefore, there is need to conduct the environmental scanning
as a strategic approach to ensuring that the company regains its competitive advantage in the
highly competitive business environment. The evaluation of the company industry operating
environment and the assessment of the organization’s general environment will also be essential
in enhancing its competitiveness. Typically, environmental scanning enables companies to
identify or detect any new environmental shifts that may influence the business either positively
or negatively.
Notably, the organizational environment consists of both the external and internal
environmental factors which influence the performance of the business. The business climate
must always be scanned to identify development and forecasts of the various factors that usually
affect the success and productivity of the organization. Therefore, environmental scanning
involves the possession and usage of the information concerning the occasions, patterns, trends
as well as the relationships between an enterprise’s internal and external environment. The

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competitiveness of the Vivint Solar, Inc. in the industry demands that the management too
frequently and continuously conducts both the external and internal environmental scan with the
aim of identifying the potential opportunities. This in turn, will make sure that the company can
sustain their competitive advantage and also mitigate the possible potential threats which might
influence their attainment of the competitive edge.
The environmental scanning is essential because of the rapid and dramatic changes which
are taking place in the business environment. Vivint Solar, Inc. needs to create value and
enhance the sustainability of its competitive advantage through the use of environmental
scanning strategy. Hence, the environmental analysis or scanning will be essential in making the
firm acknowledge and understand whatever is happening both ...


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