Strategic Planning Models
There are a number of well-known strategic planning models. To bring your team up to speed on the evolution of strategic planning itself, write a white paper of 1,200-1,500 words that addresses the following specific models of strategic planning:
Ø Michael
Porter's Five Forces
Ø Adrian
Slywotzky's Value Migration
Ø W.
Chan Kim and Renee Mauborgne's Blue Ocean Strategy
Using
the Web resources provided and any others that you find address the following
in your white paper:
o Discuss
the premise underlying each of the three models of strategic planning and the
advantages that each brings to the process.
o Discuss
how to apply or implement strategic planning using each of the methods.
o Discuss
the pros and cons of each strategic planning method.
Select
1 of the models, and respond to the following questions:
1. What
methods could be used to ensure continuous process improvement in the
organization from a production and operations management perspective?
2. From
a business finance or accounting perspective, how would you analyze the
business and measure the effectiveness of your strategy so that you can make
the best decisions for the organization?
3. As
a leader, how would you help the organizational structure and culture adapt to
the changes that would result from this strategy (e.g., how you would empower
teams, resolve conflicts, and motivate employees to support the changes from
this strategy)?
4. From
a marketing perspective, what effect will the strategy have on your marketing
plan; product differentiation, positioning, life cycle, and portfolio; and
Internet or retail marketing to your customers?
5. What
human resource management changes will be necessary because of the strategy?
Address each of the functions of human resources, including staffing, training
and development, performance management, compensation, and employee relations.
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