Question: Designing an Implementation Strategy In this Assignment, you will culminate one Course Outcome ba…

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Jun 13, 2022

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Question: Designing an Implementation Strategy In this Assignment, you will culminate one Course Outcome ba…

by | Jun 13, 2022 | Questions & Answers


Designing an Implementation Strategy In this Assignment, you
will culminate one Course Outcome based on your design of a plan to
implement a future-oriented strategic plan of your Capsim Core
simulation company: MT460-5: Design a plan to implement a business
strategy throughout an organization. Once a strategy is developed,
it must be implemented. If a sound strategy fails, it is usually
due to poor implementation planning, monitoring, measurement and a
lack of corrective action. Essentially, a strategic implementation
plan is an action plan, enhanced with tools to monitor and measure
how effectively and efficiently business activities are aligned
with strategic goals and objectives. In this Assignment, you will
design an implementation plan that monitors and measures the
alignment of your business unit and functional level business
activities with your enterprise and corporate level strategies for
your Capsim Core simulation company. You will develop two
deliverables in this Assignment as follows: Implementation Action
Plan Design Document The implementation action plan you design will
be a detailed document outlining processes and procedures for your
chosen Capsim Core simulation company at the business and
functional levels (Research and Development, Marketing, Production,
or Finance) of strategy. The initiatives and activities related to
the functional level of strategy are carried out through the
creation and enforcement of standardized processes and procedures.
Policies and systems must also be reviewed and modified as needed
to ensure success, but should remain aligned with the enterprise
and corporate level strategies. You will use the Balanced Scorecard
(BSC) methodology and Key Performance Indicators (KPI’s) to ensure
all business initiatives and activities are linked directly to the
enterprise and corporate level strategies to manage, monitor and
measure performance of the implementation plan. The data and
metrics from your Capsim Core Reports and Star Summaries will be
useful in the design of your implementation strategy. Use the
following guidelines to design your implementation action plan:
Develop an action plan to implement your strategy, to include the
following components: Objectives: list of corporate (departmental)
goals and objectives. Strategic Initiatives: list of strategic
initiatives planned to achieve goals and objectives. Balanced
Scorecard: an overview of how objectives will be achieved using the
BSC methodology. Critical Success Factors: identify elements vital
to successfully achieving objectives. Key Performance Indicators:
list the key performance indicators for each objective. Time Frame:
establish timeframes and deadlines for each initiative and task.
Guiding Policies: list of policies needed to guide strategic
initiatives. Enforcement Policies: list of policies needed to
enforce accountability. Systems: what systems are necessary to
support strategic initiatives. Processes: list of processes that
will facilitate strategic initiatives across functional areas.
Procedures: list of standard operating procedures that inform on
task execution. Resources Needed: list common and uncommon
resources needed to complete each initiative. Accountability:
identify teams and roles that are held accountable for results and
outcomes of strategic initiatives. Your action plan will be
supported by intensive evaluation and analysis of your strategies,
company’s core competencies, tactics, and strategic controls. You
will need to complete the following before developing your action
plan matrix. You should use the Review and refine the goals and
objectives at the enterprise and corporate levels of your Capsim
Core simulation company. Pay special attention to the goals and
objectives of your chosen department (Research and Development,
Marketing, Production, or Finance). At this stage, you should have
developed an entire organizational and departmental strategy to use
for this assignment. Ensure your goals and objectives are designed
appropriately using SMART principles. Review and refine strategic
initiatives for your chosen Capsim Core simulation company
department (Research and Development, Marketing, Production, or
Finance). Ensure the strategic initiatives are aligned with the
organizational and departmental goals and objectives before moving
forward. Develop and Illustrate a Key Performance Indicator tree,
including each component: Enterprise level strategic goals
Corporate level (departmental) strategic goals Strategic
Initiatives Critical Success Factors Key Performance Indicators In
the format of a Balanced Scorecard strategy map, illustrate the
relationship between dimensions of the Balanced Scorecard
Methodology and your organizational and corporate strategy.
Illustrate the alignment of organizational goals and objectives
with the corporate (departmental) goals and objectives. Create and
align critical success factors and key performance indicators with
each corporate goal and objective. Relate the critical success
factors and Key Performance Indicators with each dimension of
performance in the BSC methodology. Be specific and avoid using
generalizations when creating Critical Success Factors and Key
Performance Indicators. Explain the relationship between the
dimensions of the BSC methodology and your organizational and
departmental strategy. Thoroughly explain the Balanced Scorecard
strategy map you created. In a core competency diagram, illustrate
the connectivity between your Capsim Core simulation company’s
enterprise and corporate level goals and objectives, company’s
strategic core competencies, and Key Performance Indicators. Be
very specific and avoid using generalizations when establishing and
aligning Key Performance indicators with your company’s core
competencies. Explain how your company’s core competencies and the
Key performance indicators are aligned with the enterprise and
corporate level goals and objectives. Thoroughly explain how the
Key Performance Indicators will measure achievement of the higher
level goals and objectives. Use a minimum of three peer-reviewed
research resources to substantiate your strategic
decision-making.

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