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MGT 401 Week 1 Strategic Management Worksheet//tutorfortune.com<br><br>Click on below link to buy<br>https://tutorfortune.com/products/mgt-401-week-1-strategic-management-worksheet<br><br>MGT 401 Week 1 Strategic Management Worksheet<br> <br><br>Complete the Strategic Management Worksheet.<br><br>Click the Assignment Files tab to submit your assignment.<br><br>Strategic Management Worksheet<br><br>Complete each section below. Be sure to cite your sources when necessary (including all uses of the textbook).<br><br><br>Strategic Management Process<br> <br><br>Identify how each of the nine steps of the Strategic Management Process applies to your business or the one you plan on starting. This should be a total of no more than 700 words.<br><br>Step<br>Application to your current or future business <br><br> <br>Step 1: Develop a Clear Vision and Translate it into a Meaningful Mission Statement (What problem will you be solving? What is the purpose of your business?)<br><br> <br>Step 2: Assess the Companyu2019s Strengths and Weaknesses (What solutions will you provide? What products or services will you offer?)<br> <br>Step 3: Scan the Environment for Significant Opportunities and Threats Facing the Business (What is your target market? Who are your ideal customers? What will the current market support?)<br> <br>Step 4: Identify the Key Factors for Success in the Business (What performance metrics will you use to measure success?)<br> <br>Step 5: Analyze the Competition (Who are your competitors? What makes what they do better or different than what you do?)<br><br> <br>Step 6: Create Company Goals and Objectives (What outcomes do you hope to achieve? What makes your business better or different than the competition?)<br><br> <br>Step 7: Formulate Strategic Options and Select the Appropriate Strategies (What can your business do to take advantage of this market opportunity?)<br><br> <br>Step 8: Translate Strategic Plans into Action Plans (What milestones will you need to meet to stay on track?<br> <br>Step 9: Establish Accurate Controls (What processes or controls need to be put into place to ensure that you mitigate risk and meet your goals?)<br>MGT 401 Week 1 Strategic Management Worksheet<br><br>Click on below link to buy<br>https://tutorfortune.com/products/mgt-401-week-1-strategic-management-worksheet<br>
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MGT 401 Week 1 Strategic Management Worksheet//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/mgt-401-week-1-strategic-management-worksheet MG T 4 0 1 We e k 1 S t r a t e g i c Ma n a g e me n t Wo r k s h e e t C o mp l e t e t h e S t r a t e g i c Ma n a g e me n t Wo r k s h e e t . C l i c k t h e A s s i g n me n t F i l e s t a b t o s u b mi t y o u r a s s i g n me n t . S t r a t e g i c Ma n a g e me n t Wo r k s h e e t C o mp l e t e e a c h s e c t i o n b e l o w . B e s u r e t o c i t e y o u r s o u r c e s w h e n n e c e s s a r y ( i n c l u d i n g a l l u s e s o f t h e t e x t b o o k ) . S t r a t e g i c Ma n a g e me n t P r o c e s s I d e n t i f y h o w e a c h o f t h e n i n e s t e p s o f t h e S t r a t e g i c Ma n a g e me n t P r o c e s s a p p l i e s t o y o u r b u s i n e s s o r t h e o n e y o u p l a n o n s t a r t i n g . T h i s s h o u l d b e a t o t a l o f n o mo r e t h a n 7 0 0 w o r d s . S t e p A p p l i c a t i o n t o y o u r c u r r e n t o r f u t u r e b u s i n e s s S t e p 1 : D e v e l o p a C l e a r V i s i o n a n d T r a n s l a t e i t i n t o a Me a n i n g f u l Mi s s i o n S t a t e me n t ( Wh a t p r o b l e m w i l l y o u b e s o l v i n g ? Wh a t i s t h e p u r p o s e o f y o u r b u s i n e s s ? ) S t e p 2 : A s s e s s t h e C o mp a n y ’ s S t r e n g t h s a n d We a k n e s s e s ( Wh a t s o l u t i o n s w i l l y o u p r o v i d e ? Wh a t p r o d u c t s o r s e r v i c e s w i l l y o u o ff e r ? ) S t e p 3 : S c a n t h e E n v i r o n me n t f o r S i g n i fi c a n t O p p o r t u n i t i e s a n d T h r e a t s F a c i n g t h e B u s i n e s s ( Wh a t i s y o u r t a r g e t ma r k e t ? Wh o a r e y o u r i d e a l c u s t o me r s ? Wh a t w i l l t h e
c u r r e n t ma r k e t s u p p o r t ? ) S t e p 4 : I d e n t i f y t h e K e y F a c t o r s f o r S u c c e s s i n t h e B u s i n e s s ( Wh a t p e r f o r ma n c e me t r i c s w i l l y o u u s e t o me a s u r e s u c c e s s ? ) S t e p 5 : A n a l y z e t h e C o mp e t i t i o n ( Wh o a r e y o u r c o mp e t i t o r s ? Wh a t ma k e s w h a t t h e y d o b e t t e r o r d i ff e r e n t t h a n w h a t y o u d o ? ) S t e p 6 : C r e a t e C o mp a n y G o a l s a n d O b j e c t i v e s ( Wh a t o u t c o me s d o y o u h o p e t o a c h i e v e ? Wh a t ma k e s y o u r b u s i n e s s b e t t e r o r d i ff e r e n t t h a n t h e c o mp e t i t i o n ? ) S t e p 7 : F o r mu l a t e S t r a t e g i c O p t i o n s a n d S e l e c t t h e A p p r o p r i a t e S t r a t e g i e s ( Wh a t c a n y o u r b u s i n e s s d o t o t a k e a d v a n t a g e o f t h i s ma r k e t o p p o r t u n i t y ? ) S t e p 8 : T r a n s l a t e S t r a t e g i c P l a n s i n t o A c t i o n P l a n s ( Wh a t mi l e s t o n e s w i l l y o u n e e d t o me e t t o s t a y o n t r a c k ? S t e p 9 : E s t a b l i s h A c c u r a t e C o n t r o l s ( Wh a t p r o c e s s e s o r c o n t r o l s n e e d t o b e p u t i n t o p l a c e t o e n s u r e t h a t y o u mi t i g a t e r i s k a n d me e t y o u r g o a l s ? ) MG T 4 0 1 We e k 1 S t r a t e g i c Ma n a g e me n t Wo r k s h e e t Click on below link to buy https://tutorfortune.com/products/mgt-401-week-1-strategic-management-worksheet
