MGT680: Strategic Management Paper
Requirements:
- Write 4-6 strong paragraphs for Main Posts and 2–3 strong paragraphs for Response Posts.
Unit 1:
- Review the Terminal Course Objectives, accessed by clicking on the “Course Information” tab at the top of your screen, scrolling down to the “Course Objectives” and then selecting View class objectives. How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain.
- What is the importance of current data in a SWOT analysis?
- How do you identify the SWOT factors in a fictitious firm?
- Which SWOT Factors must be specific to the firm and which can be Generic? Why?
Unit 2:
- What questions do you have about the overarching Unit 5 assignment? Although it is not due until the end of the class, it is important that you begin planning for this project early in the course. What are your initial thoughts about how you will approach this assignment? Explain.
- What are the most important elements of a Business Plan? Why?
- What other elements should be added to the Business Plan to encourage potential investors?
- How important is accurate financial data to the Business Plan? Why?
Unit 3:
This assignment has 5 parts.
- Collaboration in a business environment is a best practice that leverages the collective knowledge of the team that is assembled. Peer evaluation and support, provided in the spirit of continuous improvement and organizational success, result in higher quality deliverables than what are generally possible by the efforts of an individual.
- Describe the process that you plan to use to conduct research, identify findings, and develop the Comprehensive Project that is due in Unit 5.
- Present a preliminary outline that indicates how you intend to organize the project deliverable.
- Please review the process and outlines of other students, providing an objective assessment and constructive feedback that will help strengthen the effectiveness of their efforts and the quality of their finished products.
- What are the essential elements of a Mission Statement?
- What is the purpose of a Key Operating Principle?
- What sort of additional material would best ensure success of the project? Why?
Unit 4:
This assignment has 2 parts.
- Post an executive summary of your Comprehensive Project in the body of a post in this Discussion Board (do not use attachments). An executive summary is a 10% synopsis of a larger document that outlines the purpose, planned processes, actual processes, findings, and recommendations for the project. Chief executive officers (CEOs) often read and assess executive summaries before deciding to read entire reports. Consequently, the summary must be a high-quality narrative that demonstrates the significance of the work, addresses all the important issues being undertaken – the seven GP questions are important issues – shows, the objectivity of research and analysis underpinning the report, and establishes the credibility of the resulting conclusions.
- Please review the executive summaries of other students, and provide an objective assessment and constructive feedback that will help strengthen the effectiveness of their efforts and the quality of their finished reports.
Unit 5:
- What competencies were you able to develop in researching and writing the course Comprehensive Project? How did you leverage knowledge gained in the intellipath assignments (Units 1- 4) in completing the Comprehensive Project? How will these competencies and knowledge support your career advancement in management?
- What are the important elements of strategy? Why?
- What issues may arise if your do not identify all the potential disadvantages of your plan?
- Why is it crucial to provide both proactive (during the implementation) and reactive (after completing the implementation) feedback to management?