Final Strategic Plan and Presentation
Effective cross-functional teaming is vital to the success of a company. Successful companies possess common traits in how its employees execute on tactics. A common trait employees at prosperous companies have is the ability to collaborate and work well with other employees in different departments that they rely upon for support or assistance to complete a common goal or objective. “Functional tactics are the key, routine activities that must be undertaken in each functional area—marketing, finance, production/operations, R&D, and human resource management—to provide the business’s products and services” (Pearce & Robinson, 2009, p. 309, para 4). Functional managers who provide clear functional tactics enable their employees. Clear functional tactics and direction enable employees to understand what they need to do in their day-to-day work and thereby strengthens accountability.
In a present scenario, strategic direction plays a vital role in the overall success or failure of a business organization (Joyce & Woods, 2001). Key strategic elements guide the strategic direction of the organization. Alignment between strategic direction and business activities is essential to ensure the attainment of vision and mission.
Balanced scoreboard, and S.W.O.T.T. began in 2001, the brainchild of Lennart Norberg and Terry Brown.
STRENGTHS WEAKNESSES OPPORTUNITIES THREATS
FINANCIAL financial strengths financial weaknesses financial opportunities financial threats
CUSTOMER customer strengths customer weaknesses customer opportunities customer threats
INTERNAL PROCESSES internal strengths internal weaknesses internal opportunities internal threats
PEOPLE1 people strengths people weaknesses people opportunities people's threats
Objectives from vision, mission and value (statements), and the SWOTT analysis, it is imperative to locate objectives in entire process of Balanced Scorecard. BSC is a strategic planning and BSC is an initiative tool that helps managers achieves organization goals. A balanced Scorecard consists of several fields (usually 4), which lists the subject of interest and the steps that would let the company to achieve the desired results of a BSC, balanced scorecard. A BSC consists of financial, internal business procedures, learning, and growth and customers.
Financial- Managers list key steps and goals needed to achieve to succeed in their goal. Learning and growth- Outlines the process of training, growth strategies, and target market share. Internal business- Procedures-Innovation process, operations process, post-scale service, Growth & Customers-Customer retention, Customer Acquisition, Customer Satisfaction, Customer Profit, and Customer Perspective.
In conclusion, inconsideration of finance, procedures in the office, the office culture, ability to learn and adapt, and grow with your customer base, while expanding it. A...