11 Jun Using your approved strategic plan from the Week 2 – Strategic Plan Research assignment, complete the following:? Create a 7 to 8- slide Microsoft? PowerPoint? presenta
Using your approved strategic plan from the Week 2 – Strategic Plan Research assignment, complete the following:
Create a 7 to 8- slide Microsoft® PowerPoint® presentation, with speaker notes and visuals on each slide, that will sell your identified improvements to the strategic plan, based on your Week 4 analysis.
Include the following:
- Summarize the threats and challenges you have identified within the current strategic plan.
- Determine how to execute the strategic initiatives in order to address the threats and challenges.
- Explain proposed process improvements.
- Assess whether additional resources are needed.
- Describe how resources should be used in the application of the strategic plan.
- Utilize KPIs to justify the financial investment and to measure the success of the proposed improvements to the strategic plan.
- Justify your recommendations based on anticipated Return on Investment (ROI).
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Strategic Plan Research
Rosiland Young
Dr. Shane Howell
Strategic Planning and Implementation 581
May 28,2024
Weekly Individual Assignment STR/581 Grading Rubric
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Met |
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Research and select a sample strategic plan in an industry with which you are familiar or interested. Be sure it includes the various components of a typical strategic plan. Reference Figure 1.1 “Identifying a Company’s Strategy—What to Look For” in Ch. 1 of your text. Identify in a maximum of 525 words or more what the plan does well, in addition to areas for improvement. |
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Clearly states where the organization is going and how it will get there. |
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Evaluates the organization’s external and internal environments. |
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Includes a people plan and addresses achievement of a diverse workforce. Includes corporate social responsibility and environmental sustainability. |
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Total Available |
Total Earned |
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7 |
7 |
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Additional comments: Rosiland, Well done, I have approved your selected industry strategic plan. |
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Writing Guidelines |
Met |
Partially Met |
Not Met |
Comments: |
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The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. |
X |
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Intellectual property is recognized with in-text citations and a reference page. |
X |
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Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. |
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Sentences are complete, clear, and concise. |
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Rules of grammar and usage are followed including spelling and punctuation. |
X |
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Total Available |
Total Earned |
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3 |
3 |
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Assignment Total |
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10 |
10 |
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Additional comments: Rosiland, You were able to meet this week’s assignment requirement as it relates to your selected industry. Please let me know if you need my assistance moving forward. |
Strategic Plan
A company that is looking to gain or strengthen its competitive edge should undertake the process of developing a strategic plan as it is an essential step. The coordinated measures that a corporation takes in order to outcompete its competitors and become more lucrative are essential components of a business strategy (Barney & Hesterly, 2019). The process of approaching new clients, achieving sustainable growth, and making the most of possibilities that are available are all components of strategic planning. The firm is able to adjust and adapt to changes in the market, which is a significant benefit of the approach. Apple is expanding the variety of sources in its supply chain by relocating production away from China. Lasarte (2023) reports that the corporation is constructing new manufacturing facilities in Vietnam with the purpose of producing Macbooks. Apple has commenced manufacturing iPhones and iPads in India. This business strategy is anticipated to mitigate supply chain interruptions that were widespread in China during the peak of the Covid-19 pandemic. The relocation is anticipated to reduce production expenses as Vietnam and India are burgeoning economies with lower labor costs compared to China. Furthermore, the implementation of this plan will enhance Apple's ability to negotiate more favorable terms with its suppliers and distributors.
Apple, Inc. holds the distinction of being the world's largest and most valuable business. The corporation is well-known for using innovative technologies in its personal computers and smartphones, which has earned them widespread recognition. Through the application of the SWOT model to the analysis of the company's internal environment, it was discovered that Apple possesses high levels of brand awareness, innovativeness, and quality products. In addition to this, it possesses the benefit of remarkable financial success and profitability. As an illustration, the business brought in more than 394 billion dollars in revenue in the year 2022 (Laricchia, 2023). But the prices of Apple's products are significantly higher than those of other brands. On the contrary, the research of the external environment reveals that Apple is facing an increasing amount of rivalry from technology companies such as Samsung. Likewise, the alterations in the political and economic environment are impacting the business's profitability and competitiveness.
Apple is dedicated to fostering an inclusive and diverse workforce in its organizational culture. This multinational technological corporation is aware of the significance of varied teams in the process of encouraging creativity and ingenuity. The number of female workers at Apple has climbed by 89% across the world, as indicated by the company's workforce data (Apple, Inc., 2023). In addition, there has been a rise in the number of individuals from marginalized groups, such as Blacks, who have risen to positions of authority in the workplace. Apple, Inc. aims to achieve carbon neutrality by the year 2030. In order to accomplish this ambitious goal, it aims to utilize clean energy and recycle materials extensively to minimize waste and environmental contamination in the production of its products. Furthermore, Apple has implemented many corporate social responsibility (CSR) projects, encompassing equity and fairness endeavors, educational endeavors, and disaster relief efforts. These projects are designed to support and improve communities in regions where Apple operates.
References
Apple, Inc. (2023) . Inclusion and diversity. https://www.apple.com/diversity/
Barney, J. B., & Hesterly, W. S. (2019). Strategic management and competitive advantage: Concepts and cases. Pearson.
Laricchia, F. (2023). Apple's global revenue from 1st quarter 2005 to 2nd quarter 2023. Statista, https://www.statista.com/statistics/263426/apples-global-revenue-since-1st-quarter-2005/#:~:text=In%20its%202022%20financial%20year,Apple%20has%20invested%20billions%20in
Lasarte, D. (2023). Apple wants to move its manufacturing out of China. Yahoo Finance, https://finance.yahoo.com/news/apple-wants-move-manufacturing-china-212300214.html#:~:text=The%20company%20cited%20supply%20chain,as%20reasons%20for%20the%20move.
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