Answer Discussions. You worked on my strategic plan (Avon) and it was excellent.
Discussion1: Triggers and Contingencies
Prior to beginning this discussion, review section 7.4 Contingency Planning in your textbook. Strategic plans are focused on current and future company goals, therefore changes in the environment must be detected and monitored. Changes in the environment that impinge on the company’s strategic plan are known as external triggers and triggers are paired with plans to successfully deal with them. These paired actions are known as contingency plans. What qualities make a future issue a “trigger”?
As an example, consider you are on the strategic planning team for a soft drink company. A merger of two major competitors next year would constitute a future trigger. For this discussion, consider the Environmental Scan and SWOT analysis you conducted in Week 2. Formulate a trigger/contingency pair in the form of a three-part sentence similar to the example in the textbook. Examine it in terms of the three guidelines that good contingency plans should follow.
Post a summary of your selected company and risks that you perceive based on your prior Environmental Scan and SWOT analysis. State the three-sentence trigger/contingency pair and justify your choice of contingency plan using information from the week’s readings and/or other scholarly or credible resources, using the scholarly, Peer Reviewed, and Other Credible Sources document guidance.
Discussion2: Porter’s Five Force
Please review Chapter 4’s section concerning Porter’s 5 Forces, read the Forbes article Porter or Mintzberg: Whose View of Strategy Is the Most Relevant Today? (Links to an external site.)Links to an external site. (Moore, 2011) and view the required You Tube video Five Competitive Forces That Shape Strategy (Links to an external site.)Links to an external site., regarding Porter’s five forces. In the video, Mr. Porter discusses how Porter’s Five Forces Analysis is an important tool for assessing the potential for profitability in an industry. As an example, Mr. Porter applied these five forces to the airline industry. Think of another industry where profitability is low. In an initial post, apply the five forces to your chosen industry and demonstrate how those forces can lower profitability.
Discussion3: Stragetic vs. Operational Planning
Prior to entering this discussion, review Chapters 8 and 9 in the Abraham’s textbook several required web-based resources on the subject for this week. Strategic planning and operational planning are both important in the overall planning process, but are distinctly different. Succinctly define each and summarize the key differences between them. Who are the typical participants in each process? How does an organization benefit from operational planning? Provide an example of a company which has been successful in implementing Strategic and Operational planning and a company that has failed in implementing both.
Discussion4 – Interactive: Operating Budget
Review the sections of Chapters 5, 8, and 9 in the Abraham’s textbook on Assessing the Company and Operational and Budget Planning. Also read the online articles Analyze Investments Quickly With Ratios (Links to an external site.)Links to an external site. (Elmerraji, 2017) and What Is an Annualized Budget? (Links to an external site.)Links to an external site. (Ashe-Edmunds, n.d.).
Using the same publicly traded company you used in the Environmental Scanning (I used Apple) assignment, and this downloadable Operating Budget Template, yp research the company online by accessing the Mergent University Library online database which offers company financials, descriptions, history, property, subsidiaries, officers and directors. Also, access the Business Insights: Global University Library online database which offers information on global companies, and industries. It includes SWOT reports, market share data, financial reports, case studies, business news, and company comparison charts. (View the Mergent tipsheet and Business Insights tipsheet documents for suggested methods of searching University Library databases generally as well as specific advice for searching these two databases). You can always conduct research using credible online sources of corporate financial information, just be sure that wherever you obtain financial information that you cite your source.
For this Assignment, you are going to look at the financial statements for the company you selected and, using the previous quarter’s financial data, interpret the data and propose a budget for the next Quarter based on your current and previous analysis of company performance. Complete the budget template using this Operating Budget Template.
• List your current sales, discounts and allowances, net sales, margins, operating costs, and earning before and after taxes.
• Choose a minimum of two financial ratios (below) and include in your analysis.
• Prepare the next quarter’s budget based on your interpretation of past data.
Include at least two of the following types of relevant financial ratios in your analysis. Review the online article Analyze Investments Quickly With Ratios (Links to an external site.)Links to an external site. (Elmerraji, 2017) and Chapter 5 in the Abraham’s textbook to help with this portion of the budget:
• Liquidity Ratio
• Solvency Ratio
• Valuation Ratio
• Leverage Ratio
Initial Post: In your initial post, provide a brief description of your company and provide a summary of your Operating Budget along with a rationale that supports suggested budgetary changes. Attach your Operating Budget Template to your initial response for review .
Discussion5: Corporate Social Responsibility
In your own words, explain what CSR is. Name two examples of socially responsible companies you know and explain why you consider them so.
It is important for companies to incorporate social responsibility into their strategic plans. Give a brief summary of the company you chose in Week 1. What aspects of corporate social responsibility would you recommend they incorporate into its strategic plan? Support your rationale from your research.
Discussion6: International Strategies
Prior to beginning this discussion, review Chapter 11 in the Abraham’s textbook on Diversified, Global, and Other Types of Organizations and listen to this audio snippet covering International Strategies. When companies expand into the international arena, they do so either because their home market has matured or because they see real opportunities in the foreign market.
Increasing the number of strategic business units requires a more complex business strategy. Sometimes the road to success in a foreign market can be a bumpy one. For insights into some of the more extreme cultural challenges posed when entering foreign markets as experienced by one of the United States’ largest fast food chains, read How McDonald’s conquered India (Links to an external site.)Links to an external site. (Kannan, 2014) and McDonald’s Settles Beef Over Fries (Links to an external site.)Links to an external site. (Grace, 2002).
For this discussion, determine whether or not the company operates in the international marketplace. If so, research the company’s international strategy and evaluate it in terms of effectiveness in regards to one of the issues below. If your company is not involved internationally, then choose one that is and evaluate that company’s international strategy in terms of effectiveness in regards to one of the following issues:
• Cultural Barriers
• Monetary Exchange Rates
• Political Instability
• Assess how your chosen issue potentially affects the strategic considerations of your organization involved in a global economic environment.
• Propose language to add to the organization’s strategic plan that addresses the potential impacts to the organization’s global strategy.
Discussion2: Porter’s Five Force