Strategic Plan Research

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  1. Using your analysis of the strategic plan from the Wk 2- Strategic Plan Research assignment, complete the following:
    Analyze in 350 to 525 words the:

    Recommend initiatives to support your objectives to improve the strategic plan.
    Identify ways to adapt to the changing business environment.
    Submit your assignment.RubricWeek#4 – Rubric1. Purpose of the strategic plan (13%) 2. Key objectives – Explanation of core values, ethics, and social responsibility principles (12%)3. Market development and how your ideas fit – Marketing Plan & target? Market strategy, implementation, and monitoring –(what part of your SWOT analysis (from week#2, will your market plan target?) (20%)1. Process improvement-Work Flow / Training/Production/Scale-up (20%) Process improvement-Work Flow / Training/Production/Scale-up Product/service – How do you deliver? Is there a way to improve quality over time to differentiate? (10%) 7. Development of people-HR/Labor Needs/Skills/Policies (10%)5. Strategic objective AND Metrics for measuring the success of strategic plan(10%)8. Mechanics & grammar(3%)9. Information literacy(2%)-referencesTOTAL 25 points

Requirements: meet requirements

Answer preview

One of the initiatives to support my objectives and improve the strategic plan is developing a program. It should assess whether staff members adhere to the core values, code of ethics, and social responsibility principles that drive environmental sustainability. The program will communicate the policies and regulations of social responsibility and core values to employees, which will promote its strategic plan.

Identify ways to adapt to the changing business environment.

The way that Walmart can adapt to the changing business environment is by embracing technology. New advancements in technology should be examined and implemented to enable the company to adjust to changes (Saebi, Lien, and Foss, 2017). The business should also frequently learn and understand its niche.  The needs and preferences of customers are also changing. It will ensure the company engages in constant improvement of quality and cost for clients.

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Strategic Plan Research