The objective is to complete a written plan that will suggest a practical Strategic Direction for a company.This course requires the completion of a comprehensive Strategic Plan.You have a choice to use either an existing company or a fictitious company. In either case, the Project is to complete a written plan that will suggest a practical Strategic Direction for the company.The Plan will have 7 sections. The 6 sections will reflect each of the 6 TCOs plus a bibliography. Each section will be 2 3 pages in standard business proposal format.The sections are:This is the most important part of the project, because it sets the direction for all other sections. In this section, you establish the strategy for an organization.Often people refer to this component as the Vision or Mission of a company, but it is not. The Vision for a company could be that you want to be a market leader. However, the technology strategy tells everyone how you will achieve that market leadership. The technology strategy tells the various stakeholders employees, customers, community, and stockholders what you are going to do to achieve that market leadership. This strategy should be very clear and easy to understand so that everyone will be on the same page when it comes to working together toward that goal.In this section, you should describe what SHOULD be the strategy of a technologically driven company. You should focus specifically on the technology strategy. You should think about all the things we learned in the class that will determine a strategy that will help the company succeed.Remember that you can use either an existing company or a fictitious company. If you choose to use an existing company, you can visit their web site to see if their strategy is listed. Or you can do a web search on their technology strategy to see if anyone has written any stories about their strategy. For a fictitious company, you should make up a technology strategy that fits that type of company.Examples of a Technology Strategy:The key is to be able to describe the strategy in a 1 or 2 sentence summary and in detail as well. The description should start or end with the simple sentence statement of the technology strategy. However, there must be sufficient detail to explain why that is the right strategy.Like all subsequent sections of the project, this section is based on the Strategy Section.Example:The best way to do this section is to apply the three tests of a core competency (page 123) to the strategy that you detailed in the Strategy Section.Here you should take the strategy identified in Section 1 and describe in detail why that is the right strategy based on what is occurring in the industry. Provide as much detail as possible as to the industry trends and why you think those trends are important.Here you would offer ideas as to what is the best way to Source the technology that supports the strategy. A complete discussion about how best to manage the innovative capabilities of the company being described is required.Product Development is very important to an organization. This section will describe how the company will structure its product development. Obviously, the kind of structure will be determined directly by the technology strategy stated in Section 1.Using the things learned in the class, describe how you would use patents, trade secrets, copyrights, etc. to protect the Intellectual Property (IP) required to support the strategy.See the Syllabus section Due Dates for Assignments & Exams for due date information. Submit your assignment to the Dropbox located on the silver tab at the top of this page.Dont forget to cite your sources properly, both parenthetically and in your bibliography/works cited. If you need assistance with proper citation, the following web site may be beneficial:Be certain to review the APA Style Guidelines Tutorial available from THE HUBs Library Port.