Answer & Explanation:Write a 1,050- to 1,400-word strategic objectives
summary. Include your balanced scorecard and its impact on all
stakeholders, and the communication plan.Identify key trends, assumptions, and risks in the context
of your final business model.Develop the strategic objectives for your new division of
the existing business in a balanced scorecard format in the context of key
trends, assumptions, and risks. The strategic objectives are measures of
attaining your vision and mission. As you develop them, consider the vision,
mission, and values for your business and the outcomes of your SWOT analysis
and supply chain analysis.Consider the following four quadrants of the balanced
scorecard when developing your strategic objectives:·Shareholder Value or Financial Perspective, which
includes strategic objectives in areas such as:oMarket shareoRevenues and costsoProfitabilityoCompetitive position·Customer Value Perspective, which includes strategic
objectives in areas such as:oCustomer retention or turnoveroCustomer satisfactionoCustomer value·Process or Internal Operations Perspective, which
includes strategic objectives in areas such as:oMeasure of process performanceoProductivity or productivity improvementoOperations metricsoImpact of change on the organization·Learning and Growth (Employee) Perspective, which
includes strategic objectives in areas such as:oEmployee satisfactionoEmployee turnover or retentionoLevel of organizational capabilityoNature of organizational culture or climateoTechnological innovationEvaluate potential alternatives to the issues and/or
opportunities identified in the SWOT Analysis paper and table you completed in
Week 3.Create at least three strategic objectives for each of the
four balanced scorecard areas. Base your solutions on a
ranking of alternative solutions that includes the following:·Identify potential risks and mitigation plans·Analyze a stakeholder and include mitigation and
contingency strategies.·Incorporate ethical implicationsDevelop a metric and target for each strategic
objective using a balanced scorecard format.·Example: a strategic objective in the shareholder or
financial perspective is to increase market share. A metric to actually measure
this strategic objective of market share increase is, The percentage
of increase in market share. The target is the specific number to be
achieved in a particular time period. The target for the metric of
Increase market share could be Increase market share by 2%
for each of the next 3 years of an increase of 2% per year for 3 years.)Write a brief communication plan discussing how you will
communicate the companys strategic objectives that includes the following:·Define the purpose.·Define the audience.·Identify the channel(s) of communication and why you
selected that channel.Format paper consistent with APA guidelines.Include the scorecard and communication plan templates provided
in your Student Materials.The paper must be written in 3rd person and thoroughly researched
with a minimum of four acceptable references. Examples of acceptable sources
include your selected organizations website and peer reviewed content from the
UOP library. Failure to research your assignment will result in a
significant loss of points.
lager__christy_bus_475_strategic_part_1.docx
