Team Strategic Plan (one from each team due in class on Feb 25) Team # Team members (names) Intended Strategy Work Sheet The purpose of this document is to show what the team intends to do. Of course the team's strategy may change as more is learned about the Keep in mind two basic strategies for having adequate margins on a product: simulation and the team begins to see the actions of competitors Low cost approach - Firm has an acceptable product but primary focus is on keeping costs per unit and administrative costs lower than the competition. i) 2) Differentiation approach - Firm focuses on products that delight customers more than the competitors' offerings so that a premium price can be charged. Less emphasis is put on keeping costs per unit and administrative costs low Before completing this, you may want to review your Situation Analysis to know where market segments will be in how big markets will be, what constitutes good, fair and poor accessibility, ete. In four years, we would like our firm to have the following products. A team can plan on having anywhere from 1 to 8 products. Name Primary segment Position relative l see perceptual to fine cut and map on next sweetspot- page Design age and how we will manage design | See perceptual map on next | See perceptual | See perceptual | See perceptual |map onnen See percepu- map on sest pen mapor, next |map on next -e"ext.ponmi Quality rating MTB Price Accessibility rating for Customer Unit sales Plant size Capacity) Plant automation level Perceptual Map FOUNDATION FASTTRACK Round: 4 Show where the market segments wil be in round 4 and where you plan to have products Performance Human Resources Decisions (Begin round 2) doing the on-line sutorial on Human Resources (or reading Section 7.2 in the Team Member Guide + the handout) How will your actual complement compare to your needed complement? What will be your approach to spending money on recruiting? What will be your approach to training hours? TQM/Sustainability decisions (Begin round 4) doing the on-line tutorial on TQM Initiatives (or reading Secticn 7.1 in the Team Member Guide + the handout) What will be your approach towards spending money on the foll CPI Systems Vendor/JIT Quality Initiative Training Channel Support Systems Concurrent Engineering UNEP Green Programs Benchmarking Quality Function Development Effort CCE/6 Sigma Training GEMI TOEM Sustainability Initiatives intend to use the following performance measures -The team will lock in" the we the simulation in round 4. No single measure can be given a weighting greater than 50%. Market Share and Aset Tumever combined cannot exceed 50%. team will "lock in" the performance messures they will be assessed on Measure e Cumulaive Profit (edded up over the S roundsy 2. Market Share (average for the 8 rounds, low lech and high lech segnvernts combined 3.Return on Sales (average for the8 rounds) Net Income/Sales 4. Asset Turnover (average for the 8 rounds) Sale/Assets 5. Return on Assets (average for the 8 rounds) Net Income/ Assets 6. Return on equity (average for the S rounds) -Net Income/Total Equity 7. Stock Price (at the end of round 8) 8. Ending Market Cap (at the end of round 8) Number of Shares Outstanding Market Price Per Share 100% Team Strategic Plan (one from each team due in class on Feb 25) Team # Team members (names) Intended Strategy Work Sheet The purpose of this document is to show what the team intends to do. Of course the team's strategy may change as more is learned about the Keep in mind two basic strategies for having adequate margins on a product: simulation and the team begins to see the actions of competitors Low cost approach - Firm has an acceptable product but primary focus is on keeping costs per unit and administrative costs lower than the competition. i) 2) Differentiation approach - Firm focuses on products that delight customers more than the competitors' offerings so that a premium price can be charged. Less emphasis is put on keeping costs per unit and administrative costs low Before completing this, you may want to review your Situation Analysis to know where market segments will be in how big markets will be, what constitutes good, fair and poor accessibility, ete. In four years, we would like our firm to have the following products. A team can plan on having anywhere from 1 to 8 products. Name Primary segment Position relative l see perceptual to fine cut and map on next sweetspot- page Design age and how we will manage design | See perceptual map on next | See perceptual | See perceptual | See perceptual |map onnen See percepu- map on sest pen mapor, next |map on next -e"ext.ponmi Quality rating MTB Price Accessibility rating for Customer Unit sales Plant size Capacity) Plant automation level Perceptual Map FOUNDATION FASTTRACK Round: 4 Show where the market segments wil be in round 4 and where you plan to have products Performance Human Resources Decisions (Begin round 2) doing the on-line sutorial on Human Resources (or reading Section 7.2 in the Team Member Guide + the handout) How will your actual complement compare to your needed complement? What will be your approach to spending money on recruiting? What will be your approach to training hours? TQM/Sustainability decisions (Begin round 4) doing the on-line tutorial on TQM Initiatives (or reading Secticn 7.1 in the Team Member Guide + the handout) What will be your approach towards spending money on the foll CPI Systems Vendor/JIT Quality Initiative Training Channel Support Systems Concurrent Engineering UNEP Green Programs Benchmarking Quality Function Development Effort CCE/6 Sigma Training GEMI TOEM Sustainability Initiatives intend to use the following performance measures -The team will lock in" the we the simulation in round 4. No single measure can be given a weighting greater than 50%. Market Share and Aset Tumever combined cannot exceed 50%. team will "lock in" the performance messures they will be assessed on Measure e Cumulaive Profit (edded up over the S roundsy 2. Market Share (average for the 8 rounds, low lech and high lech segnvernts combined 3.Return on Sales (average for the8 rounds) Net Income/Sales 4. Asset Turnover (average for the 8 rounds) Sale/Assets 5. Return on Assets (average for the 8 rounds) Net Income/ Assets 6. Return on equity (average for the S rounds) -Net Income/Total Equity 7. Stock Price (at the end of round 8) 8. Ending Market Cap (at the end of round 8) Number of Shares Outstanding Market Price Per Share 100%