Week 5 – Assignment: Compare/Contrast Different Strategies
Imagine that you are leading a strategic retreat in which your diverse leadership team will make key decisions about your strategic plan. It is your job to lead the discussion, stimulate healthy debate from diverse points of view, and leave with a strategy that is right for your business. The strategic plan will not be performed yet; however, you will have chosen a strategy by the end of the retreat. In the first 4 weeks of this course, you reflected on how to think strategically, and you analyzed your customers and competition based on solid data that you have gathered. You also performed key analyses using that data and you reflected on your company’s mission, vision, and values and how this relates to the strategic plan. Now it is time to use that data and analyses to choose a strategy that best fits your company.
This assignment has two parts. In the first part, you will summarize your approach to the workshop. In a 2 to 3-page essay, include the following:
Setting expectations: What are your key expectations for this workshop?
Managing status: How will you minimize the status effect so all can contribute?
Setting ground rules: What are the most important ground rules for how people should make comments and how decisions will be made?
Managing conflict: What will be your approach to conflict resolution?
Getting started: How will you begin the workshop?
In the second part of this assignment, choose the three most critical of the many criteria Tracy discusses in Chapter 7, and then detail your expected results of the analysis once the meeting has been conducted by SWOT analysis for the three criteria selected. Use your professional judgment or experiences to predict what you believe the meeting participants concluded for strengths, weaknesses, opportunities, and threats. As Peter Drucker said, “Errant assumptions lie at the root of every failure.” Part 2 should be approximately 3 to 4 pages. You may want to review the following SWOT analyses from the library, found in the Week resources:
Support your paper with a minimum of three scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 5-7 pages, not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.
External Resource (S): Books and Resources for this Week
1. Tracy, B. (2015). Business strategy (The Brian Tracy success library). New York: AMACOM.
Read Chapters 7, 8, 9, and 10
2. American Airlines Group Inc. SWOT Analysis. (2015).
3. Cisco Systems, Inc. (2016). Cisco Systems, Inc. SWOT Analysis.
4. Denney, R. (2014). Walk on water: How to have a successful retreat.
5. Ebara Corporation. (2016). Ebara Corporation SWOT Analysis
6. Kolbina, O. (2015). SWOT Analysis as a strategic planning tool for companies in the food industry.
7. Lewis, D. (2013). Decision making in complex situations.
8. Sysco Corporation SWOT Analysis. (2016).
Supplemental (External) Resource
NB: PLEASE BE SURE TO USE THESE RESOURCES (FIRST) ABOVE, IN ADDITION TO OTHERS YOU MAY FIND IMPORTANT