Jht2 Task Instructions Essay

663 words - 3 pages

JHT2 Task 3
Introduction:

Two management capabilities most sought after by employers are the ability to think strategically and the ability to drive results. The purpose of this task is to have you bring your focus to bear on these two capabilities.

Scenario:

Assume that you are employed in a company providing service in a healthcare, lodging, or retail trade industry. The president of your company has expressed concern about the company’s ability to remain competitive and has asked you to develop a program to improve the strategic management activities within the company. The president feels that the planning must be more sophisticated and should utilize the most current planning ...view middle of the document...

B. Develop a strategic plan for your company by doing the following:
1. Develop an effective vision statement that fits your industry.
2. Develop a mission statement.
3. Develop a distinctive competency to distinguish your company from competitors.
4. Describe an example how your company could capitalize on a market opportunity.
5. Analyze one external threat to your company.
a. Recommend actions to address the threat.
6. Propose one business-level financial objective that fits your company and situation. Include the following in your proposal:
• How you would measure achievement of the objective
• A strategy for achieving the objective
7. Propose one functional-level strategic objective that fits your company and situation. Include the following in your proposal:
• How you would measure achievement of the objective
• A strategy for achieving the objective
C. Discuss how you would execute your company’s strategic plan by doing the following:
1. Explain how each of the following 10 principal managerial components can be used in the strategy execution process.
• Staff the organization with managers and employees capable of executing the strategy well.
• Build the organizational capabilities required for successful strategy execution.
• Create a...

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