- 2 papers i listed below are what i wrote to assist with the below
- Introduction – In the introductory paragraph briefly describe strategy formulation and how you are going to arrive at a recommended strategy.
- Strategic options – How they address issues raised in the strategic analysis. Prepare a list of strategic ideas (generic, corporate, and operational) that might be considered. From this list, narrow the alternatives to those you deem worthy of further consideration. Summarize these strategic options you are seriously considering and identify how they address issues raised in the strategic analysis. Specific items to address are:
- The strategies which are complementary and which might be mutually exclusive
- That strategies that would require a shift in mission and vision
- The cultural limitations that would make implementation difficult and how these issues might be addressed as part of the strategy
- Describe how the strategy addresses issues uncovered in your strategic analysis
Generic Strategy (2 paragraphs)
Give a brief overview of Porter’s 3 Generic strategies. (citation) What generic strategy do you think is most appropriate for StilSim. What is your rationale for selecting that particular generic strategy? How does it fit within current market dynmaics?Corporate Level Strategies (1-2 pages)Give a brief introduction describing Corporate Level strategies. List any corporate level strategies you are considering below.
- Corporate Level Strategy 1. (You supply the heading) Describe any Corporate-level strategy you are considering and how it would address SWOT findings and benefit StilSim.
- Corporate Level Strategy 2. (You supply the heading, add as many as needed). Describe the second Corporate-level strategy (if applicable) you are considering and how it would address SWOT findings and benefit StilSim.
- Operational Strategies (1-2 pages) Give a brief introduction describing Operational strategies. List the operational strategic options you are considering below. There may be 4-8 viable options.
- Operational Strategy 1. Describe each Operational strategic option you are considering and how it would address a SWOT finding and benefit StilSim.
- Operational Strategy 2. Describe each Operational strategic option you are considering and how it would address a SWOT finding and benefit StilSim.
- Operational Strategy #. (and so on, as needed)
- Balanced Scorecard (BSC) strategy map for StilSim Personnel – (1 page) Give a brief overview of the Balanced Scorecard approach to strategy. What are the key areas and how do they relate to each other. Insert Balanced Scorecard Strategy Map here. Describe how the selected strategies fit in the BSC map and complement or support each other. Are all four areas addressed? For this part of the paper, prepare a BSC strategy map that you believe capable of generating longterm value generation for StilSim Personnel. Where do your strategic alternatives fit on this strategy map? Include a discussion of how the key strategies considered in part “a” of this assignment align to the strategic drivers in the BSC for your vision for what StilSim Personnel might become. Also address the following:
- Whether all levels within the BSC are addressed within the strategy map
- Whether complementary strategies are identified through strategy linkages
- A description of how the strategy addresses issues uncovered in the strategic analysis
- Whether your earlier SWOT analysis identify gaps in your BSC strategy map that will need to be addressed
- Weighted Decision Matrix for narrowing the list of strategic alternatives – Give a brief explanation of why you are using a weighted decision matrix to narrow your and how it works. (1-2 paragraphs plus chart)List the decision matrix criteria and explain why you chose each criteria and the weighting you chose. Evaluate all Corporate Level and Operational strategies that you are considering. (You may want to group related strategies together for simplicity. Make sure you separate mutually exclusive strategies.) Include a Weighted Decision matrix chart here.Which strategies emerged as the best strategic options for StilSim?As needed, see the Multimedia Refresher page for a reminder on how to do a weighted decision matrix.
- Strategic objectives and goals – Describe the strategic objectives and goals that you would like to establish for StilSim Personnel. (2-4 paragraphs)
Describe a Strategic Outcome for each of your major selected strategies. A strategic outcome is a description of the desired end result that you would like each selected strategy to produce or achieve. What would the end result look like? How would it operate? How would it make a difference to StilSim? Describe whether or not other employees would feel the same way. Explain why these objectives would be important to you as an employee of StilSim. Also address the following questions:Do your strategic objectives and strategies address key issues identified in the strategic analysis?
- Is the objective obvious in any of the strategic alternatives?
- Are strategic objectives and goals aligned with the current mission that is in place?
- Do your strategic objectives and strategies address key issues identified in the strategic analysis and addressed in your strategy formulation?
- Recommended strategies – Summarize all of your recommended strategies in a coherent conclusion. How would everything work together to benefit StilSim? Explain how your recommendation is expected to address issues identified earlier and which considerations will have to be addressed in the strategic implementation. Include at least one go-to-market (business) strategy and at least one corporate strategy in your set of recommendations.
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