Strategic plans are essential to all entrepreneurial and intrapreneurial ventures. Strategic plans involve long term thinking (3-5 years). In this collaborative project, each team will use the resources and information from class discussions and readings to build a strategic plan for their venture.
Directions:
Please see below for the components that should be included in your team’s strategic plan.
Required elements of your plan include:
Three Strategic Goals
Clearly outline long-term goals of your venture and the associated objectives. Make sure your objectives are SMART as outlined in the course readings.
Market Review/Competitor Analysis
Provide information on your market and forecast market demand.
Analyze competitors from the lens of your strategic plan. (Similar to the requirements in pitch deck assignment; however, this review and analysis should be conducted from the lens of how it will impact your strategic plan activities.)
Discuss your competitive advantage.
Culture and Incentive Discussion
Describe the type of culture you will establish.
Discuss how this culture will impact your strategic plan implementation.
Discuss your incentive strategy to maximize strategic plan implementation.
Capabilities Analysis
Discuss your current capabilities.
Discuss your capabilities gap based on your strategic plan.
Key Performance Indicators (KPIs)
Provide clear, fully developed and well-defined key performance indicators for your strategic plan.
Tracking and Measurement Frequency
Communicate plan to track and measure the progress of your strategic plan.
Provide a clear and reasonable plan for the frequency of the tracking.
Change Management Strategy
Discuss your strategies for managing disruption and unplanned changes.
Risk Management Analysis and Strategy
Discuss the potential risks your venture might face.
Discuss the likelihood of the risks occurring.
Discuss the potential impact these risks could have on your venture
Deliverables:
Students will be work on this Strategic Plan with their assigned class team/venture. As a team, you will divide up the plan components and complete them independently while working as a team to ensure that the plan is complete and meets the assignment requirements. Your Strategic Plan should be no more than 7 pages. Students will also present a 10-15-minute oral presentation as a team. Please prepare a slide presentation (PowerPoint or similar program) using the written narrative submitted. Please upload a digital copy of your team presentation to Blackboard.
The assignment should follow the standard guidelines for American Psychological Association (APA) formatting for paper organization and references and use Times New Roman, 12-point font, 1-inch margins, and double-spaced text. The page limit does not include figures, graphs, tables, charts, and references.
The part I responsible for is Part 2(Market Review/Competitor Analysis) and Part 4 (Capabilities Analysis), the content should no more than one and a half page(1.5 pages). [No limitaion of number of citations, use whatever you want but the citation is needed]
I’ve put our past assignments in an attachment. You can find the info you need in the document like the introduction of company we design and the competitor analyze. Please write those two parts based on these info and the Direction offered, all the points in the direction should be covered. Also, there is no so much content you need to write, so please offer the PPT design(No graphic design, just text design) and the presentation script.
