Question: . Critical Problem or Potential Critical Problem: Narrow down to ONE strategic problem. Start with The problem is . . . . ( Example: High

. Critical Problem or Potential Critical Problem:
Narrow down to ONE strategic problem.
Start with The problem is....(Example: High oil prices is frequently considered a problem,
but it really is the cause of problems like low profit margin).
Follow by Its a problem because...(what, why where and how it is a problem)
End with Not addressing this problem would ...( the consequences of negligence)
2. SWOT Analysis:
Use the SWOT matrix to present a summary of your internal and external assessments, and your
alternative solutions to the problem. Interpret the results of your analysis, precisely and concisely.
Specifically:
o Use both qualitative and quantitative data to produce a SWOT analysis
Identify 6+ major Strengths in the internal environment
Identify 6+ major Weaknesses in the internal environment
Identify 6+ major Opportunities in the external environment
Identify 6+ major Threats in the external environment
Generate 6+ alternatives
3. Alternative solutions and decision:
Use the QSPM to select the most attractive of your top 3 alternative solutions. Discuss why it is
better than the other solutions, precisely and concisely.
4. Implementation:
o Produce a 3-year plan to implement the selected strategy, by specifying:
Which group(s) of stakeholders will be affected by your choice of strategy?
What stakeholder resistance do you anticipate?
What would a step-by-step implementation plan look like for your strategy, with the
stakeholder resistance considered?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!