\n<\/p>\n

<\/p>\n

Purpose of Assignment<\/strong> <\/strong><\/p>\n

Students will have the opportunity to develop a Balanced Scorecard.
\nThis, in turn, will allow them to create effective strategic objectives
\nto be included as part of their overall strategic plan. They will also
\nbe presented with the task of creating a brief communication plan that
\nwill be used by their proposed division to efficiently distribute
\ninformation with regard to their strategic initiatives. <\/strong><\/p>\n

Assignment Steps<\/strong> <\/strong><\/p>\n

Resources: <\/strong>Strategic Planning Outline and Week 4 textbook readings <\/strong><\/p>\n

Create<\/strong> a minimum 1,050-word strategic objectives summary. <\/p>\n

Include<\/strong> your balanced scorecard and its impact on all stakeholders, and the communication plan.<\/p>\n

Identify<\/strong> key trends, assumptions, and risks in the context of your final business model.<\/p>\n

Develop<\/strong> the strategic objectives for your new
\ndivision of the existing business in a balanced scorecard format in the
\ncontext of key trends, assumptions, and risks. The strategic objectives
\nare measures of attaining your vision and mission. As you develop them,
\nconsider the vision, mission, and values for your business and the
\noutcomes of your SWOTT analysis. <\/p>\n

Consider <\/strong>the following four quadrants of the balanced scorecard when developing your strategic objectives:<\/p>\n

\n
• Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as:\n
  \n
  • Market share<\/li>\n
  • Revenues and costs<\/li>\n
  • Profitability<\/li>\n
  • Competitive position<\/li>\n<\/ul>\n<\/li>\n
  • Customer Value Perspective, which includes strategic objectives in areas such as:\n
    \n
    • Customer retention or turnover<\/li>\n
    • Customer satisfaction<\/li>\n
    • Customer value<\/li>\n<\/ul>\n<\/li>\n
    • Process or Internal Operations Perspective, which includes strategic objectives in areas such as:\n
      \n
      • Measure of process performance<\/li>\n
      • Productivity or productivity improvement<\/li>\n
      • Operations metrics<\/li>\n
      • Impact of change on the organization<\/li>\n<\/ul>\n<\/li>\n
      • Learning and Growth (Employee) Perspective, which includes strategic objectives in areas such as:\n
        \n
        • Employee satisfaction<\/li>\n
        • Employee turnover or retention<\/li>\n
        • Level of organizational capability<\/li>\n
        • Nature of organizational culture or climate<\/li>\n
        • Technological innovation<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

          Evaluate<\/strong> potential alternatives to the issues and\/or
          \nopportunities identified in the SWOTT Analysis assignment and table you
          \ncompleted in Week 3.<\/p>\n

          Create<\/strong> at least three strategic objectives for each of the four balanced scorecard areas. Base <\/strong>your solutions on a ranking of alternative solutions including the following:<\/p>\n

          \n
          • Identify potential risks and mitigation plans.<\/li>\n
          • Analyze a stakeholder and include mitigation and contingency strategies.<\/li>\n
          • Incorporate ethical implications.<\/li>\n<\/ul>\n

            Develop<\/strong> a specific metric and target for each strategic objective using a balanced scorecard format. <\/p>\n

            Example: a strategic objective in the
            \nshareholder or financial perspective is to increase market share. A
            \nmetric to actually measure this strategic objective of market share
            \nincrease is, “The percentage of increase in market share.” The target is
            \nthe specific number to be achieved in a particular time period. The
            \ntarget for the metric of “Increase market share” could be “Increase
            \nmarket share by 2% for each of the next 3 years” of an increase of 2%
            \nper year for 3 years.<\/p>\n

            Outline<\/strong> a brief communication plan discussing how you will communicate the company’s strategic objectives including the following:<\/p>\n

            \n
            • Define the purpose.<\/li>\n
            • Define the audience.<\/li>\n
            • Identify the channel(s) of communication and why you selected that channel.<\/li>\n<\/ul>\n

              Format<\/strong> your assignment consistent with APA guidelines. <\/p>\n

              <\/p>\n

              ****I HAVE ATTACHED MY PART 1 AND PART 2 ASSIGNMENTS AS THEY ALL HAVE TO BE ON THE SAME TOPIC*****<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

              Purpose of Assignment Students will have the opportunity to develop a Balanced Scorecard. This, in turn, will allow them to create effective strategic objectives to be included as part of their overall strategic plan. They will also be presented with the task of creating a brief communication plan that will be used by their proposed […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/273408"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=273408"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/273408\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=273408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=273408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=273408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}