Create a 2,500- to 3,500-word strategic plan for your new organization starting using a similar strategic management process as Concepts in Strategic Management and Business Policy by Wheelen and Hunger. You may also use information from the team project you completed in week 4 to create the strategic plan.
The Strategic Plan should have the following sections:
- Vision and Mission
- Environmental Scanning - SWOT and /or other analysis
- Strategy formulation - what strategy are you going to use based on the Mission, Vision and Environmental Scan?
- Implementation Plan
- Measurement Plan
Address the following questions in your strategic plan:
- Why does your organization need a strategic plan?
- What role should ethical and social responsibility considerations have in the strategic management plan?
- What competitive advantages does your organization have, and which competitive strategies should it use to improve innovation and sustainability in both domestic and international applications?
- What measurement guidelines should be used to verify strategy effectiveness?
- What internal dynamics along with cultural and structural leadership considerations should be used in implementing business strategy for your company?
- How do they influence business continuity?
- What assessment and feedback controls should be used to determine the direction to take the organization? If the strategy of does not go according to plan, at what point would you consider altering the strategic plan you have suggested?
- Explain and justify all of the decisions you have made for your strategic plan, using research and understanding learned from the reading material.
Format your paper according to APA standards.