Using your approved strategic plan from the Wk 2 - Strategic Plan Research assignment, complete the following:

Create a 5- to 7- slide Microsoft PowerPoint presentation, with speaker notes and visuals on each slide, that will sell your identified improvements to the strategic plan, based on your Wk 4 analysis.

Include the following:

• Summarize the threats and challenges you have identified within the current strategic plan.
• Determine how to execute the strategic initiatives in order to address the threats and challenges.
• Explain proposed process improvements.
• Assess whether additional resources are needed.
• Describe how resources should be used in the application of the strategic plan.
• Utilize KPIs to justify the financial investment and to measure the success of the proposed improvements to the strategic plan.
• Justify your recommendations based on anticipated Return on Investment (ROI).

  STRATEGIC PLAN USED IS PASTED BELOW PLEASE USE - Why do organizations use strategic planning? Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals. Strategic planning is used as a tool and is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward. The car industry is no different when it comes to this kind of planning. Its because a strategic plan establishes a direction for your business to take, it will help it sharpen its focus in order to get there. Strategic planning can therefore help your organization develop the right goals and targets and help everyone focus their efforts into meeting them. My focus is on the car industry and I will be using Toyota as an example because of my preference of vehicle. Sakichi Toyoda, the founder of Toyota Industries, set certain Guiding Principles that reflect Toyotas organizational culture and values, and are the basis for the corporate management philosophy. These were revised in 1992, and again in 1997, to help with the support of its operations in multicultural environments. They were modified in response to the societal changes and the companys business structure, in line with its global vision, strategies, and operations worldwide as a company in its entirety.

• Toyotas divisional organization structure is based on varied business operations, but is linked to the traditional Japanese organizational structures. In 2013, as a response to the safety issues and corresponding product recalls crisis of 2009, the centralized hierarchical structure underwent significant changes to become more decentralized. After the re-organization, Toyotas new organizational structure has the following main characteristics: global hierarchy, geographic divisions, and product-based divisions.

  The company is now more capable of responding to regional market conditions and is empowered to speedily respond to issues and to provide higher quality products. However, the increased decision-making power of regional heads has reduced headquarters control over the global organization. Still, this organizational structure facilitates business resilience and continued growth

  Thailand, 1997, a regional hub of Toyotas auto manufacturing industry, faced an economic crisis resulting from over-investment in real estate and a liberal financing policy. Toyota Motor Thailand Co. ultimately dealing with huge losses. To get through this, actions had to be taken. The organization received two capital bailouts, totaling $200 million US dollars, from Toyota Motor Corporation in Japan. Since the automotive market was down by about 75% at that time. The organization, had to use a job-sharing approach to retain its skilled, but redundant, workforce. Together with this measure, the company observed a no lay-off policy by sending about 200 idle associates to Japan for training, while others assisted their local dealers. To avoid further losses, they focused on 100% localization of parts and took advantage of export opportunities.

  No matter the corporation, corporate social responsibility and environmental sustainability should be on the minds of us all. Toyota is no different from any organization. In fact, they have to commit more being cars cause pollution. While Toyota develops competencies in clean energy vehicles, its consolidating its position in hybrid vehicles. Toyota makes some of the most reliable green cars in the market. Until the reliance on fossil fuels can be eliminated, Toyotas hybrids will be an attractive option for environmentally conscious buyers. Toyota is also actively researching and developing technology for electric vehicles. Toyota is unveiling its revolutionary solid-state battery in 2021. The company claims the new battery pack will extend the maximum EV range to 500 km on a single charge. Plus, it charges from 0 to 100% in 10 minutes. Whats even more impressive Toyota developed the technology four years ahead of schedule.

  Toyotas operations follow the principles of continuous improvement and respect for people. These principles boost productivity and foster innovation. They also inspired the concept of lean management. For many decades, these principles have formed the core strength of Toyota.