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BUS 475 Grading Rubric Content Met The business model, strategies,
and tactics section includes the development of marketing and information technology strategies and
tactics.
Companies of all sizes (SMB to large ones) are finding the current economic environment challenging. Business growth is slow or almost stagnated, new customer gains are far and few, customer spend has become very unpredictable and hence managing capacities is posing a big challenges. Browne & Mohan consultants based on their experience of guiding companies have compiled strategies that can be adopted to successfully maneuver the low tides. We suggest product or service offering changes, organizational changes, employee engagement changes, partner and ecosystem changes, sales and marketing structure changes that are appropriate to most companies.
23 principles of successful product companiesBrowne & Mohan
In this paper, we present 23 principles of successful software product companies. These principles cover product development, organizational design, sales and other process that propel product companies to grow and excel in their domain both in domestic and international markets
Performance measurement system for startups and scaling upBrowne & Mohan
what measures should startups and scaling up firms use to direct and align their multi-functional activities. In this paper, Browne & Mohan consultants present a comprehensive performance system that not only guides startups and scale ups, but bind several functions within the organization towards common objective.
Trading companies add value by bringing suppliers and buyers together. To build a successful and growing trading company, there is much to be learnt by bench marking with successful ones, and working on some drivers that will enable the company to unleash growth. This paper discusses some of the drivers for improvement.
Companies of all sizes (SMB to large ones) are finding the current economic environment challenging. Business growth is slow or almost stagnated, new customer gains are far and few, customer spend has become very unpredictable and hence managing capacities is posing a big challenges. Browne & Mohan consultants based on their experience of guiding companies have compiled strategies that can be adopted to successfully maneuver the low tides. We suggest product or service offering changes, organizational changes, employee engagement changes, partner and ecosystem changes, sales and marketing structure changes that are appropriate to most companies.
23 principles of successful product companiesBrowne & Mohan
In this paper, we present 23 principles of successful software product companies. These principles cover product development, organizational design, sales and other process that propel product companies to grow and excel in their domain both in domestic and international markets
Performance measurement system for startups and scaling upBrowne & Mohan
what measures should startups and scaling up firms use to direct and align their multi-functional activities. In this paper, Browne & Mohan consultants present a comprehensive performance system that not only guides startups and scale ups, but bind several functions within the organization towards common objective.
Trading companies add value by bringing suppliers and buyers together. To build a successful and growing trading company, there is much to be learnt by bench marking with successful ones, and working on some drivers that will enable the company to unleash growth. This paper discusses some of the drivers for improvement.
The pervasiveness of digital technologies is reshaping aftermarket. e-tailing is gnawing away the market for spare parts as more people are buying online, social media is influencing the consumption of aftermarket services and customers are demanding deeper 24*7 experiences. In this article Browne & Mohan consultants showcase the drivers of digital transformation and adoption for aftermarket.
Aftermarket audit to Gain Competitive leadership Browne & Mohan
Industry experts opine that OEM’s and their dealers may be losing $9-15 Billion unqualified sales annually to competitors. Return after repair is a grouse which happens with the iconic brands at dealer level and OEM’s do not have complete visibility. OEM’s and dealers can bill billions of dollars more only if they knew how to constantly manage revenue leakages and manage cost of operations. In this paper, Browne & Mohan management consultants share aftermarket audit framework that can be used to assess current costs of service and operations and identify areas of improvement.
Category creation-how-to-build-a-brand-that-customers by letruongan.comAn Le Truong
Lê Trường An – Dịch giả – Tác giả – Marketer – chuyên thực hiện các dự án SEO, Social Media, Dịch thuật và xuất bản nội dung. Ngoài ra, Lê Trường An liên tục cập nhật nội dung blog với các chủ đề SEO, Marketing và nhiều hơn nữa…
---
Content Creator Lê Trường An
Chuyên viên Marketing – Tác giả - Dịch giả tại letruongan.com
Chuyên viên Marketing tại BrainCoach
Chuyên viên Content Marketing tại FoogleSEO
Dịch vụ Marketing – SEO – Content Marketing
Manufacturing is a major contributor to GDP and employment provider in many countries. Both large and MSME are facing effects of global downturn which has made survival a test for many. With customer gains becoming far and few many companies worried about growth and profitability. Browne & Mohan consultants in this paper present the approach manufacturing companies should use to turn around profitability and survival.
Mi0036 business intelligence & toolssmumbahelp
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Common Objectives Performance Management System for Not-for-profit and Public...Browne & Mohan
Designing Performance management system for government, public sector and not-for-profit organization is a daunting task. Many of these organizations pursue long-term programs and projects. Alignment of various groups, departments and individuals within each department is the need of the hour. However, many of these organizations suffer from functional silos and focus on financial measures only. Managing for results by directing right staff behaviour and initiative taking is not facilitated. In this paper Browne & Mohan consultants present a common objective approach that could be used to fix accountability, ownership and outcome based behaviour in public sector and non-profit organizations.
ENVIRONMENT - Overview
Macro Environmental Factors
Factors Specific to Business & Task
Industry Analysis: Analyzing the Task Environment
SWOT Analysis
Resource-Based View (RBV)
VRIO Analysis
Value Chain Analysis
Presentation of the article "Integrated Marketing Communications in U.S. Advertising Agencies: An Exploratory Study"
It is taken from September-October 1997 Journal of Advertising Research...
Hanging the shoes in style!!: Planning & Preparing SME family business for p...Browne & Mohan
Family run businesses are a significant segment of any nation’s industrial structure. Exit for family led small and medium businesses happen predominantly through three channels: M&A, IPO or natural death. Unfortunately, many SME family businesses are ill prepared for the ownership transition. Most companies change hands in emergency situations such as illness or death of an owner or partner. Consequently, many SME family businesses (or their heirs) are forced to accept a transaction that is less desirable. Preparing a business for ownership change may bring in many an upside benefits even if the business is not finally sold. The inadvertent benefits that emerge because of planned changes may unbundle the hidden value of the company. In this paper, Browne & Mohan consultants share the approach that could be used by SME family business owners to profit from planned exit.
Family businesses account for significant part of the UAE economy. Family businesses dominate automotive, retail, fashion, real estate and manufacturing sectors. Family owned enterprises represent 90% of the businesses community in UAE and they contribute about 75-90% of the $500 billion plus trading activity. However, they face challenges on business continuity, succession, diversification, and professionalization front. In this paper, Browne & Mohan consultants present the approach to transforming UAE family businesses.
Financial Services Employer Branding Research - Blu IvyBluIvy
The latest employer brand research from thousands of survey respondents in the Financial Services sector. Conducted by the leading employer branding agency, Blu Ivy.
Insights Success has shortlisted "20 Most Admired Companies of the Year 2019 with an intent to acknowledge & admire the novel approaches of these businesses
Building an outcome driven high ownership companyBrowne & Mohan
What does it take a build company where every employee owns the quality of their outcomes and productivity , every act is purpose driven. What elements of a workplace make an employee to willingly own and contribute more to her job?. In this paper Browne & Mohan consultants presents the mechanisms that can be used to build an high ownership and outcome driven company
Today news channels are not only providing information about the company but also avails different kind of knowledge. In such context, the present research report is being framed which is emphasizing on strategic analysis of MSNBC. It is the America’s largest broadcasting organization that facilitates different type of information to the customers about several aspects. The present research report is focusing on the strategic analysis of MSNBC in which the marketing strategies of its competitors are mentioned. The company is also provided with some recommendations for the purpose of building the brand image of the company in different markets. The company has been trying to expand the business in other countries in which they are framing different marketing strategies as that will also help in getting greater market share. Based on such analysis, the report is going to use strategic options for business development.
The pervasiveness of digital technologies is reshaping aftermarket. e-tailing is gnawing away the market for spare parts as more people are buying online, social media is influencing the consumption of aftermarket services and customers are demanding deeper 24*7 experiences. In this article Browne & Mohan consultants showcase the drivers of digital transformation and adoption for aftermarket.
Aftermarket audit to Gain Competitive leadership Browne & Mohan
Industry experts opine that OEM’s and their dealers may be losing $9-15 Billion unqualified sales annually to competitors. Return after repair is a grouse which happens with the iconic brands at dealer level and OEM’s do not have complete visibility. OEM’s and dealers can bill billions of dollars more only if they knew how to constantly manage revenue leakages and manage cost of operations. In this paper, Browne & Mohan management consultants share aftermarket audit framework that can be used to assess current costs of service and operations and identify areas of improvement.
Category creation-how-to-build-a-brand-that-customers by letruongan.comAn Le Truong
Lê Trường An – Dịch giả – Tác giả – Marketer – chuyên thực hiện các dự án SEO, Social Media, Dịch thuật và xuất bản nội dung. Ngoài ra, Lê Trường An liên tục cập nhật nội dung blog với các chủ đề SEO, Marketing và nhiều hơn nữa…
---
Content Creator Lê Trường An
Chuyên viên Marketing – Tác giả - Dịch giả tại letruongan.com
Chuyên viên Marketing tại BrainCoach
Chuyên viên Content Marketing tại FoogleSEO
Dịch vụ Marketing – SEO – Content Marketing
Manufacturing is a major contributor to GDP and employment provider in many countries. Both large and MSME are facing effects of global downturn which has made survival a test for many. With customer gains becoming far and few many companies worried about growth and profitability. Browne & Mohan consultants in this paper present the approach manufacturing companies should use to turn around profitability and survival.
Mi0036 business intelligence & toolssmumbahelp
Dear students get fully solved SMU MBA assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
Common Objectives Performance Management System for Not-for-profit and Public...Browne & Mohan
Designing Performance management system for government, public sector and not-for-profit organization is a daunting task. Many of these organizations pursue long-term programs and projects. Alignment of various groups, departments and individuals within each department is the need of the hour. However, many of these organizations suffer from functional silos and focus on financial measures only. Managing for results by directing right staff behaviour and initiative taking is not facilitated. In this paper Browne & Mohan consultants present a common objective approach that could be used to fix accountability, ownership and outcome based behaviour in public sector and non-profit organizations.
ENVIRONMENT - Overview
Macro Environmental Factors
Factors Specific to Business & Task
Industry Analysis: Analyzing the Task Environment
SWOT Analysis
Resource-Based View (RBV)
VRIO Analysis
Value Chain Analysis
Presentation of the article "Integrated Marketing Communications in U.S. Advertising Agencies: An Exploratory Study"
It is taken from September-October 1997 Journal of Advertising Research...
Hanging the shoes in style!!: Planning & Preparing SME family business for p...Browne & Mohan
Family run businesses are a significant segment of any nation’s industrial structure. Exit for family led small and medium businesses happen predominantly through three channels: M&A, IPO or natural death. Unfortunately, many SME family businesses are ill prepared for the ownership transition. Most companies change hands in emergency situations such as illness or death of an owner or partner. Consequently, many SME family businesses (or their heirs) are forced to accept a transaction that is less desirable. Preparing a business for ownership change may bring in many an upside benefits even if the business is not finally sold. The inadvertent benefits that emerge because of planned changes may unbundle the hidden value of the company. In this paper, Browne & Mohan consultants share the approach that could be used by SME family business owners to profit from planned exit.
Family businesses account for significant part of the UAE economy. Family businesses dominate automotive, retail, fashion, real estate and manufacturing sectors. Family owned enterprises represent 90% of the businesses community in UAE and they contribute about 75-90% of the $500 billion plus trading activity. However, they face challenges on business continuity, succession, diversification, and professionalization front. In this paper, Browne & Mohan consultants present the approach to transforming UAE family businesses.
Financial Services Employer Branding Research - Blu IvyBluIvy
The latest employer brand research from thousands of survey respondents in the Financial Services sector. Conducted by the leading employer branding agency, Blu Ivy.
Insights Success has shortlisted "20 Most Admired Companies of the Year 2019 with an intent to acknowledge & admire the novel approaches of these businesses
Building an outcome driven high ownership companyBrowne & Mohan
What does it take a build company where every employee owns the quality of their outcomes and productivity , every act is purpose driven. What elements of a workplace make an employee to willingly own and contribute more to her job?. In this paper Browne & Mohan consultants presents the mechanisms that can be used to build an high ownership and outcome driven company
Today news channels are not only providing information about the company but also avails different kind of knowledge. In such context, the present research report is being framed which is emphasizing on strategic analysis of MSNBC. It is the America’s largest broadcasting organization that facilitates different type of information to the customers about several aspects. The present research report is focusing on the strategic analysis of MSNBC in which the marketing strategies of its competitors are mentioned. The company is also provided with some recommendations for the purpose of building the brand image of the company in different markets. The company has been trying to expand the business in other countries in which they are framing different marketing strategies as that will also help in getting greater market share. Based on such analysis, the report is going to use strategic options for business development.
IMPLEMENTATION, STRATEGIC CONTROLS, & CONTINGENCY 2
IMPLEMENTATION, STRATEGIC CONTROLS, & CONTINGENCY 3
Implementation, Strategic Controls, and Contingency
STR/581
Running head: IMPLEMENTATION, STRATEGIC CONTROLS, & CONTINGENCY 1
Weight Loss Singles Dating Agency is an online dating service tailored to provide companionship services to individuals over the age of 18 who have undergone any form of weight loss surgery. For effective strategic formulation of implementing this new business, there is need for the implementation of an effective strategic plan to ensure the company maintains competitive advantage in the industry. The company’s strategic plan will comprise of various elements including:
· An implementation plan
· Objectives
· Functional tactics
· Action items
· Milestones and deadlines
· Tasks and task ownership
· Resource allocation
· Organizational change management strategies
· Key success factors
· Financial data including: budget, forecasted financials
· Risk management plan
Each of these elements of the strategic plan is discussed in enclosed detail.
Implementation Plan
The strategic plan intends to provide a road map for the company to benefit through both monetary and non-monetary strategies. The plan is also tailored around the corporate social responsibility business operations that in turn envision various benefits including increased sales and market share as well as establishment of brand positioning.
The strategic plan for Weight Loss Singles Dating Company also includes the SWOT analysis that will in turn play a critical role in the realization of implementation of the action plans and programs. There are also the specific activities that will be assumed to ensure advantageous positioning in this niche market.
The following chart exhibits analysis of implementation activities and when these action items will occur in the process:
Activities
Months
1st Mo
2ndMo
3rdmo
4thMo
Expected outcome/Comments
1
Personalized training: Development of a concept paper, TORs (online anonymity software), Report
X
X
Increased stakeholders and partnerships
2
Develop content for website, social media, advertising outlets
X
X
X
Capacity Building on Information Communications Technology (ICT) and its relevance
3
Form two online communities of practice on information mgmt on our blog
X
X
X
X
Increased number of stakeholders recruited and participating in the discussions
4
Development of marketing plans for each of our services
· Data collection, Data Research Data Analysis
· Peer review of report
Launch of the marketing plan with staff & management
X
X
Comprehensive marketing plans and concept paper
Peer review marketing plans
5
Created documentary on client success story – includes photography
X
X
Documentary to be shared with public when completed
6
Identify networks / stakeholders
X
X
X
Increased clientele base
7
Contributions and maintenance of the company Website, networks: blog, face-book, twitter.
INTEGRATIVE PROJECT BSC IMPLEMENTATION & THE INTERNAL BUSINESS PR.docxmariuse18nolet
INTEGRATIVE PROJECT: BSC IMPLEMENTATION & THE INTERNAL BUSINESS PROCESS PERSPECTIVE 2
INTEGRATIVE PROJECT: BSC IMPLEMENTATION & THE INTERNAL BUSINESS PROCESS PERSPECTIVE PAGE 6
INTEGRATIVE PROJECT: BSC IMPLEMENTATION & THE INTERNAL BUSINESS PROCESS PERSPECTIVE PAGE 5
REVIEW: BSC IMPLEMENTATION & THE INTERNAL BUSINESS PROCESS PERSPECTIVE
SESSION LONG PROJECT
STUDENT, TRIDENT UNIVERSITY INTERNATIONAL
INTEGRATIVE PROJECT: BSC IMPLEMENTATION & THE INTERNAL BUSINESS PROCESS PERSPECTIVE 1
PRINCIPLES OF ACCOUNTING: MANAGERIAL ACCOUNTING-BUDGETING PAGE 1
PRINCIPLES OF ACCOUNTING: MANAGERIAL ACCOUNTING-BUDGETING PAGE 3
Abstract
For Module 3, consider the organization's mission and strategy from the perspective of its internal business processes (from your work on the case, your previous course work, and your background reading, you should be reasonably clear what such business processes are). In this section of the assignment you’ll begin to identify objectives and measures relevant to that perspective. Refer back to Objectives, Measures, Targets & Action Plans if you need to.
Once you’re reasonably clear on what’s involved, think about your organization and its business processes, and then:
Identify at least three objectives for improving the organization's internal business processes, and show how they relate to the mission, vision, and strategy of the organization.
• For each objective, develop at least one meaningful performance measure (metric).
• For each objective, identify at least one expected level of performance (target).
• For each objective, identify at least one new action or program that needs to be developed to ensure successful implementation of the organization's strategy (initiative).
• Comment briefly on the relationships of the process objectives that you've identified here to the finance objectives that you identified in the Module 1 SLP assignment and/or the customer service objectives that you identified in the Module 2 SLP assignment. How do they help to fulfill those objectives? If they don't (and they don't have to), what makes them more important than objectives that would relate to finance or customer service?
• Finally, do you wish to make any changes to your Module 1 or Module 2 objective write-ups in light of your Module 3 experience?
Nike Organization
An organization’s internal business processes has to be improved by placing objectives which are aimed towards the success of the business through good customer relations and even producing quality products. The main objectives of Nike Company are aimed at increasing the total revenue of the organization, reducing the cost of revenue as well as reducing the operating expenses thereby sticking to its vision of using innovation as its key strategy to attain success by acquiring a competitive advantage in the industry. This has helped in achieving maximum satisfaction for its customers hence increasing loyalty thus the competitive advantage .
Running Head BUSINESS PLAN8Jason Simpson.docxsusanschei
Running Head: BUSINESS PLAN 8
Jason Simpson
Assignment 2: Business Plan Breakdown 4 – The Operations Plan
Argosy University
MSOL Consulting
Define the management team by drafting an organizational chart and a plan for hiring employees.
As a business is continually growing, it needs to keep on hiring new and competent employees. It can do so by hiring more specialized employees and it requires a more formal departmental organizational structure in order to optimize its level of productivity. A company should, therefore, be in a position to use a step-by-step plan for proper planning of employees in order to make sure that it has developed strong teams and groups that can help it to maximize the value of the company.
Organizational chart
An organization chart is much essential to a company as it shows the internal structure of a company; it shows various employees positions with respective positions which are either represented in terms of photos, boxes, shapes. They also take into account of links, emails and illustrations. An organization chart is basically essential in showing the hierarchy and ranks of different workers within an organization, jobs and the different departments that make up a company. For this, we would use this type of organization chart to show the various positions and jobs within the organization.
Draft the key employee policies and a code of ethics.
Employee’s policies and procedures are essential for the survival of a business as they are used to define how employees are expected to conduct themselves in order to ensure a harmonious relationship in the organization. In most case, employee’s policies and procedures are developed by the human resource department and distributed to the employees in the form of a handbook. This calls for employees to use a handbook as a guide to get the relevant information on a company. For example, they are in a position to get the necessary information on vacation, sick offs and on terms of pay. On the other hand, code of ethics is a document that is used to outline the mission and value of a business organization. It also outlines how professionals are supposed to approach a problem. Ethical principles are mainly based on the organizations outlined core values and also states how organization core values and standards are held within an organization.
Some of the employee policies and code of ethics would work out well for MSOL Consulting Company may include;
Violations of the Policy
These form the grounds for discharge or disciplinary action for employees, examples include;
B. Disciplinary action shall be taken will be taken not only to the employees who participate in the violation but also to those employees who;
1. Have failed to make a report on issues related to policy violation
2. Employees who have concealed deliberately concerning any form of violation of employees policies.
3. Employees should be aware that participating in product development activities m ...
Running head-STRATEGIC PLAN PART 3 BALANCED SCORECARD AND COMMU.docxtoltonkendal
Running head-STRATEGIC PLAN PART 3: BALANCED SCORECARD AND COMMUNICATION PLAN
1
STRATEGIC PLAN PART 3
2
BALANCED SCORECARD AND COMMUNICATION PLAN
Sharitza Bailey
BUS/475
October 17th, 2016
Prof. Linda Mc Kee
BALANCED SCORECARD AND COMMUNICATION PLAN
This is the balanced scorecard and communication plan for Amazon.com Inc. and its new web technology division. The balanced scorecard will analyze the strategic objectives in the context of key trends, assumptions, and risks. It will also show what the company is trying to achieve. For the communication plan, its primary purpose was to enable interaction both internally (staff) and externally (customers). The communication strategy allows each to know what the other is thinking hence helping in improving efficiency and coordination. Communication with stakeholders ensures they have access to information about the company and the company has their feedback to enhance service delivery. The main channels will include meetings, emails, phone calls and discussions between both staff members and customers.
Some of the key trends include; increase in the use of online shopping as more people have access to the internet and devices such as computers and smartphones. Also, most customers want to interact with the companies they are doing business with to enhance their experience and satisfaction and also customer focus such that the clients get what they want quickly. The assumptions made include; the company has a large enough market share that will sustain this new division, it will generate the required revenue to ensure profitability, it will enhance customer value and satisfaction, it will improve the companies efficiency and effectiveness and it will improve learning and growth among employees and increase innovation. Risks involved include the market share not being big enough to sustain the new division and make the company profitable, the customer not responding well to the new product, not meeting performance standards and a decrease in productivity.
They must also consider the ethical implications that their product may have on members of the society. They should have high ethical standards to protect its reputation ensuring that the operational moves they do work towards improving the lives of people and maintain environmental sustainability. Unethical practices may have an adverse effect in the opinion of customers as well as negative effect on market share.
Strategic Objectives
The first will be the financial target whereby the goal would be to increase revenue. We would do this by increasing market share by ensuring that it grows by 10% annually for the next three years which will also enhance its competitive advantage especially after the introduction of the new web technology. The division is based on customer focus, co ...
The second presentation in a 3 part series on Fast and Sustainable Business Growth - how to thrive, not just survive regardless of the economy.
The Course Forward is hazardous, but staying put is worse. …Applied Knowledge is Power
Access The Science of Small Business Growth to maximize your current operations.
This document brings together a set
of latest data points and publicly
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We are very excited to share this
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[Fabernovel study] New economy, new KPI: the customer eraFabernovel
By creating some disruption in value chains and favouring the emergence of new models, the digital revolution has induced deep changes in the way value is created and shared. It is more and more decorrelated from short term financial performance. That should push organizations and investors to review their monitoring and valuation of innovative projects, as well as pay attention to the value of some intangible assets, such as customer capital, talent capital, ecosystem, software or societal and environmental impact.
Customer centricity was at the heart of the digital revolution, which explains why among these assets, customer capital is the easiest to value by investors. However, if we’ve focused our analysis in this presentation on this asset, this should not overshadow the other key levers that organizations need now for their transformation to be more and more systemic.
Digital native economic models have been built by design according to an extra-financial approach with monitoring and communication already focused on customer KPIs, and sometimes on talent or ecosystem metrics. By contrast, if players other than digital natives have initiated a deep transformation of their model, they have not yet adapted their reporting styles, even though this would enable them to better allocate resources and value the customer acquisition strategy.
Combined with this document, we are launching a new index dedicated to testing your own maturity regarding customer capital (how you’ve integrated this approach, how customer-centric your reporting is, how you use it). Once this assessment has been completed, this presentation will help drive you along the path towards a new reporting approach. Additionally, it will help you harness your organization's potential, which we've identified at both the internal and external levels, while focusing on stakeholder engagement and value creation levers.
Keith turner quick silver funding solutions the role of finance in the stra...keithturnerquicksilverfun
A good strategic plan includes metrics that translate the vision and mission into specific end points. This is critical because strategic planning is ultimately about resource allocation and would not be relevant if resources were unlimited.
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1. BUS 475 Explain the ethical issues
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BUS 475 Grading Rubric Content Met The business model, strategies,
and tactics section includes the development of marketing and
information technology strategies and
tactics.
The strategies and tactics section
includes the development of at least
three methods to monitor and control your proposed strategic plan,
being sure to analyze how the measures will advance organizational
goals financially and operationally.
The strategies and tactics section
includes a determination of the best
possible options for evaluating the
strategic plan. 2 The strategies and tactics section
includes an explanation of the ethical issues faced by the organization,
summarize the legal and regulatory issues faced by the organization, and
then summarize the organization's corporate social responsibility.
The strategies and tactics section
includes the identification of the
possible implications of the triple
bottom line (people, planet, profit)
on the strategic plan and its implementation.
The executive summary includes
the definition of the new division of
the existing business. Include the
mission, vision, final business
model, value proposition, and list
your key assumptions, risks, and
2. change management issues. 1 Partially
Met Not Met Comments: BUS/475: Week Five – Grading Rubric The
final Strategic Plan will be compiled using the Strategic Plan Outline as
a guide. The final plan will
contain Parts 1-3 along with the final business plan model assignment
and executive summary. 4 The strategies and tactics section is
700 to 1,050 words in length. The
executive summary is 350-words in
length. The cumulative assignments is 4,200- to 5,250- words in
length.
Total
Available Total
Earned 7
Writing Guidelines Met The paper—including tables and
graphs, headings, title page, and
reference page—is consistent with
APA formatting guidelines Comerica incorporated as a financial
providing company aims at developing a new division of an already
existing business. Using the balanced scorecard, the new division is to
be
monitored by considering trends, assumptions and risks. The strategic
objectives will be followed to ensure the new division is concurrent to
the four areas. The business organization focuses on three segments:
business bank, the retail bank, and wealth management (Simons, 2013).
There are key trends in the market that affect the business model. The
trends include changes in
trade, monetary, and fiscal policies.
Mission and Vision
The mission is to develop a business strategy that involves anticipated
performance of
new banking centers and utilization of technology effectively and
efficiently. The vision is to develop a widely accepted banking products
and services to promote sustainability of financial systems in the society.
The key trend involves the improvement of the retail banking. The
business
3. improves this by using a segment-aligned operating model in the
provision of service in differentiated levels (Tjader et al., 2014). The
risks involved arise from the changes in the market. The
business model fulfils the mission and vision of the business in attaining
the strategic objectives.
The balanced scorecard will have impact on the stakeholders in the
organization. The
scorecard is used to attain measurements, initiatives, goals, and
objectives. The stakeholders are
covered by the scorecard, in its four areas. In the area of customer value,
the customers are impacted. The employees are influenced and catered
by the area of learning and growth (Hansen & STRATEGIC
OBJECTIVES SUMMARY 3 Schaltegger, 2016). The communication
plan is impacted in the area of customer value and the
internal operations perceptive. Comerica Incorporated is a company
dealing with financial services that involves business bank, retail bank,
and wealth management. The company’s mission and vision is to use the
talents of its people to provide exciting possibilities to the success of
their clients. The company
has realized changes in consumer expectations and that technology is
advancing pressuring the
company to innovate. The proposed factoring services is useful in
promoting the cash flow of the
organizations (Hill, Jones, & Schilling, 2014). Factoring will offer a
high level of quality on the
customer’s credit. However, the clients should understand factoring is
not likely a loan. Innovation in the financial sector requires the
promotion of new products and services, and the development of new
processes that facilitate financial activities. As a result, it is important for
Comerica
Incorporated to create new innovative products, the factoring services to
capture a new market
segment.
New Products and Services
Based on the range of innovation of financial solutions and services, the
4. proposed new
products and services for Comerica Incorporated is factoring services.
The factoring services IMPORTANCE OF INNOVATION 3 would be a
useful product for the businesses and corporations. Factoring services
will involve
funding the short-term debts and debts of the organizations, which is
highly beneficial(Galpin,
Whitttington, & Bell, 2015). Ensuring that business can meet their
debt obligations is appropriate
in promoting the financing of the services, which is useful.
The development of factoring offerings will be useful in Comerica
Incorporated to attract
new clients in the small and medium-sized enterprises. The new
company division is factoring
services offerings, which will be oriented in addressing the challenges
facing the clients. It is
useful to expand the factoring services which helps in funding debts of
the clients to promote
long term success and progress in the society. Based on the new product
of factoring services, it
will seek to achieve the mission of gaining higher level of financial
planning and aspects.
Differentiation Strategy
Unlike other companies, the introduction of factoring services division
will be conducted
through social network sites and marketing. The use of digital marketing
approach in social media is different from other companies. Comerica
Incorporated can expected to gain additional
customers through the use of social media. Social networks present a
new innovation through the
company could offer financial services. The social networks benefit the
company in a variety of
ways. The social networks increase the interaction of customers with the
company.
The company is also able to collect new and diverse ideas from outside
5. the institution.
The use of social networks is a new way of doing business in the
financial services sector.
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6. the institution.
The use of social networks is a new way of doing business in the
financial services sector.
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