300-word strategy evaluation report on a chosen company, business and finance homework help

Context

A strategy evaluation framework can help achieve annual and
long-term objectives. Evaluation allows an organization to use internal
strengths and to capitalize on external opportunities as they
surface, defending against market shifts and correcting internal
weaknesses before they become a problem. Successful organizations
formulate, implement, and evaluate strategies intentionally and
continually evaluate their strategic position—shaping their future
intentionally as opposed to being shaped by external forces. Strategic
management allows an organization to make effective decisions,
execute those decisions efficiently, and take corrective action. The
key to effective strategy evaluation is the integration of intuition
and analysis. Strategic management is first a people process and a
mechanism for fostering organizational communication. The planning
process is more important than the written plan. In fact, the written
plan is only a snapshot and because of the rapid rate of change,
leaders must plan continuously.

Strategic management also includes formulating, implementing, and
evaluating organization-wide decisions that enable an organization to
achieve its objectives (David, 2014). Formulation includes the
organization’s mission, internal and external assessments, and the
establishment of strategies. Implementation includes the creation of
short-term objectives and allocation of resources to achieve strategies.
Evaluation reviews performance and recommends corrective action.
There are many benefits to strategic planning, including financial and
competitive sustainability in a global market. Globalization,
e-commerce, and attention to the environment have become important
strategic concerns. Engaging employees in the strategic management
process can facilitate the implementation of a well-planned strategy and
enhance competitive advantage. Through this course, you have learned
about the importance of mission and involvement in a sequential
planning process.

Reference

David, F. R. (2014). Strategic management: A competitive advantage approach, concepts & cases (15th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

Preparation

Select an organization to analyze. Ideally, the company you choose
will be a familiar one and one to which you have easy access, such as
your place of employment or a company close to where you live. You may
use the same organization for other assessments in this course.

Deliverable

Complete the following:

• Use the xxxxxxx library and the Internet to locate three articles
  written in the last six months, or as current as possible, about the
  industry of your selected organization.
• Consider the following questions as you do your research:
  • What new opportunities and threats, or strengths and weaknesses seem to be emerging in this industry?
  • Do you feel that your selected organization is using effective strategies?
  • What recommendations would you offer?
• Write a 300-word document titled “Strategy Evaluation Report” in which you include the following:
  • Summarize your organization’s strategy and performance in the current year.
  • Identify strategic information about your organization’s competitors.
  • Identify new opportunities, threats, strengths, and weaknesses that seem to be emerging in the selected organization’s industry.
  • Interpret the effectiveness of your company’s strategies.
  • Recommend strategies based on strategy evaluation research.
• Use APA-formatted in-text citations for information you take from
  the articles, and provide complete references for all articles.

Additional Requirements

• Written communication: Written communication is free of errors that detract from the overall message.
• APA formatting: Ensure that resources and citations are formatted according to APA (6th edition) style and formatting.
• Number of resources: Include a minimum of three current articles.
• Required length: The body of your document should be 300 words.
• Font and font size: Times New Roman, 12 point.