Ensure that you have incorporated the feedback you received from your previous s

Ensure that you have incorporated
the feedback you received from your previous submissions.
In your Final Project this week,
you will pull the various elements you’ve created together to aid your creation
of a Strategic Plan. From the perspective of an executive with the firm, your
supervisor has tasked you with creating a strategic plan to grow the business
over the next three years using this
Strategic Plan Template Download
Strategic Plan Template and here is an Example Strategic Plan Download
Example Strategic Plan
Your strategic plan for IKEA must be
future-oriented and must
· Must
include an introduction and conclusion paragraph. Your introduction paragraph
needs to end with a clear thesis statement that indicates the purpose of your
paper
·
Describe the company, the company’s history and its 4Ps
(Product, Price, Place, and Promotion).
·
Examine the company’s mission statement and assess its impact on
the organization’s activities.
·
Explain the current situation of the organization in the market
(industry, market, and general environment analysis).
·
Add your SWOT analysis (strengths, weaknesses, opportunities,
and threats) of your chosen company here. Evaluate areas that offer
opportunities for
o Choose
three or four areas from your SWOT analysis and assess why the areas you have
chosen are essential to your strategic plan
·
Summarize the results of your Environmental Scan and Porter’s 5
Forces.
o Evaluate
the degree to which they aid in conceptualizing the company’s competitive
position in its marketplace.
·
Assess the company’s international performance in light of
Cultural Barriers, Monetary Exchange Rates, and Political Instability.
·
Assess the financial performance and condition of the
·
Operational budget: Research and assess the company’s
operational budget.
·
Assess the performance in terms of key performance indicators.
·
In your analysis, be sure to include profitability ratios
relevant to your analysis.
o Debt to
Equity ratio
o Debt to
Assets ratio
·
Based on the data, evaluate the overall current financial
condition of the company.
o Support
your analysis by referring to the company data
o Create a three-year
end trend analysis
·
Assess how your Operational Budget analysis affects your
three-year strategic plan.
·
Recommend an organizational structure in terms of the
organizational design as defined in Abraham (2012) section 2.6.
·
Assess the impact of the strategic plan on the organizational
culture.
·
Strategic Goals: Create measurable core strategic goals for each
of the three to four areas addressed from the SWOT analysis, addressing any
contingencies associated with the strategies you are recommending and
prioritizing them according to ease of achievement and time to completion.
·
Recommend marketing positions and opportunities for growth in
your strategic plan
·
Add specific language to the strategic plan that addresses the
company’s Corporate Social Responsibility
·
Explain your plan to measure the success of your strategic plan
·
Submit the Strategic Plan to the instructor.
The Final Paper
·
Must be 10 to 12 double-spaced pages in length (excluding title
and reference pages), and formatted according to APA style as
·
Must include a title page with the following:
o Title of
paper
o Student’s
name
o Course
name and number
o Instructor’s
name
o Date
submitted
·
Must use at least five scholarly and/or credible resources
(including a minimum of three from the University
·
Must document any information used from sources in APA style as
outlined
·
Must include a separate references page that is formatted
according to APA.
Required Resources
Text
Abraham, S. (2012). Strategic management for organizations. Retrieved from https://content.uagc.edu