QUESTION
WMBA 6990 Week 7 Validating the Strategy. For this week’s Assignment, you will continue in the role of a consultant who has been hired by the CEO of your selected company to lead a tiger team tasked with addressing issues the organization is facing.
This week, you will continue to compile Section 3 of your playbook. Be sure to address the requirements for Part 2, and include specific examples (where appropriate) and relevant citations from the Learning Resources, the Walden Library, and/or other appropriate academic sources to support your work.
To prepare for this Assignment: (Tesla Motors)
· Return to your WMBA 6990 Assignment Template to complete Section 3—Part 2 of your strategy playbook.
Submit your approximately 2-page (plus Appendix) strategy validation for the organization, to include the following: (Tesla Motors)
Part 2: Validating the Strategy
· Explain how strategic planning can provide a sense of direction and help develop measurable goals.
· Analyze your strategy using the following validation tools. (Provide the notes for each analysis in the Appendix of your document.)
· Strategy map for your selected organization
· PEST analysis
· Five forces analysis
· Key success factor analysis
· Stakeholder analysis
· Synthesize the results of the analyses you performed using the validation tools in the narrative section of your playbook.
**** I will not approve Walmart, Amazon, or Apple since these companies have been used so often in previous classes that Academic Integrity issues arise.
Please Note DO NOT USE: Be sure to select an organization other than Walmart, Amazon, or Apple, Pepsico, UPS, Starbucks, or CVS. Do not use any of these if another organization is called for.
References:
Leadership teams need to be able to set the direction for their organizations, which can include setting the priorities, determining how resources are allocated, ensuring that goals are getting met, and so on. To assist with this process, managers and leaders can rely on strategic planning tools, such as strategy maps, P.E.S.T. analysis, and Porter’s Five Forces analysis. Using these resources, you will examine these tools and consider their role in an organization’s strategy.
· Athuraliya, A. (2021, September 24). What is a strategy map? A comprehensive guide with templatesLinks to an external site.. Creately. https://creately.com/blog/diagrams/what-is-a-strategy-map/ Time Estimate: 8 minutes
· Emerald Works Limited. (n.d.). Porter’s five forces: Understanding competitive forces to maximize profitability Download Porter’s five forces: Understanding competitive forces to maximize profitability. MindTools. https://www.mindtools.com/community/pages/article/newTMC_08.php Porter’s Five Forces: Understanding Competitive Forces to Maximize Profitability by MindTools.com. Copyright 2021 by Mind Tools Ltd. Reprinted by permission of Mind Tools Ltd. via the Copyright Clearance Center. Note: Please disregard any reference to an embedded video in this reading. Time Estimate: 7 minutes
· Emerald Works Limited. (n.d.). PEST analysis: Identifying “big picture” opportunities and threats Download PEST analysis: Identifying “big picture” opportunities and threats. MindTools. https://www.mindtools.com/community/pages/article/newTMC_09.php?route=pages/article/newTMC_09.php PEST Analysis: Identifying “Big Picture” Opportunities and Threats by MindTools.com. Copyright 2021 by Mind Tools Ltd. Reprinted by permission of Mind Tools Ltd. via the Copyright Clearance Center. Note: Please disregard any reference to an embedded video in this reading.
When a strategy is developed, it can act as a guide for an organization. It can map out the vision and direction for where that organization wants to go moving forward. When everyone in an organization—from top-level leadership to entry-level employees—has clear goals and can follow a clear mission, the organization can function better as a cohesive unit to achieve its goals. Through these resources, you will explore how to choose a strategy to increase the likelihood of success.
· Emerald Works Limited. (n.d.). Critical success factors: Daniel and Rockart’s guide to meeting strategic goals Download Critical success factors: Daniel and Rockart’s guide to meeting strategic goals. MindTools. https://www.mindtools.com/community/pages/article/newLDR_80.php Critical Success Factors: Daniel and Rockart’s Guide to Meeting Strategic Goals by MindTools.com. Copyright 2021 by Mind Tools Ltd. Reprinted by permission of Mind Tools Ltd. via the Copyright Clearance Center. Time Estimate: 5 minutes
· Emerald Works Limited. (n.d.). Stakeholder analysis: Winning support for your projects Download Stakeholder analysis: Winning support for your projects. MindTools. https://www.mindtools.com/community/pages/article/newPPM_07.php Stakeholder Analysis: Winning Support for Your Projects by MindTools.com. Copyright 2021 by Mind Tools Ltd. Reprinted by permission of Mind Tools Ltd. via the Copyright Clearance Center. Note: Please disregard any reference to an embedded video in this reading. Time Estimate: 6 minutes
· GreggU. (2018, June 1). Key success factorsLinks to an external site. [Video]. YouTube. https://www.youtube.com/watch?v=LxJJ7Mw7rmQ Note: The approximate length of this media piece is 2 minutes.
· McLeod, L. E. (2020, December 1). 3 mistakes that stymie corporate purpose initiatives. Harvard Business Review Digital Articles, 2–4. http://hbr.org Time Estimate: 4 minutes
· ProductPlan. (2020, January 13). What is a stakeholder analysis? – Leading successful projectsLinks to an external site. [Video]. YouTube. https://www.youtube.com/watch?v=PXCo92Iag3g
When validating a strategy, managers might consider the semantics of the strategy. They may ask about what the strategy says, how it relates to other plans, and how it connects to business outcomes and goals. Through these resources, you will examine tactics for designing and validating strategies.
· Githens, G. (2011, March 29). Validation: How to get strategy right Links to an external site. . Leading Strategic Initiatives. https://leadingstrategicinitiatives.com/2011/03/29/validation-how-to-get-strategy-right/
Template
Strategy Playbook for Exceptional Results
Report prepared by: Replace this text with your name.
Date: Replace this text with the submission date.
Walden University
WMBA 6990: Capstone: Sustainable Business Practices and Strategies
Executive Summary
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Section 1: The Organizational Profile
Part 1: Analyzing the Organizational Culture
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Part 2: Analyzing the Social and Economic Climate
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Part 3: Analyzing the Purpose of the Organization
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Section 2: Organizational Readiness for Change
Part 1: Evaluating the Health of the Organization
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Part 2A: Evaluating the Need and Opportunity for Change
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Part 2B: Evaluating the Need and Opportunity for Change
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Part 3: Evaluating Organizational Readiness
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Section 3: The Organizational Strategy
Part 1: Developing the Strategy
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Part 2: Validating the Strategy
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Part 3: Implementing the Strategy
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References
[Please delete this note before submitting your Assignment. For more information about formatting your reference list, please visit the following: https://academicguides.waldenu.edu/writingcenter/apa/references .]
Include appropriately formatted references to support your Assignment. Refer to the Assignment guidelines for further information on the requirements.
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