Use one of the Companies on the attached list
Write a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.
Identify key trends, assumptions, and risks in the context of your final business model.
Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks. The strategic objectives are measures of attaining your vision and mission. As you develop them, consider the vision, mission, and values for your business and the outcomes of your SWOT analysis and supply chain analysis.
Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:
•Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as:
◦Market share
◦Revenues and costs
◦Profitability
◦Competitive position
•Customer Value Perspective, which includes strategic objectives in areas such as:
◦Customer retention or turnover
◦Customer satisfaction
◦Customer value
•Process or Internal Operations Perspective, which includes strategic objectives in areas such as:
◦Measure of process performance
◦Productivity or productivity improvement
◦Operations metrics
◦Impact of change on the organization
•Learning and Growth (Employee) Perspective, which includes strategic objectives in areas such as:
◦Employee satisfaction
◦Employee turnover or retention
◦Level of organizational capability
◦Nature of organizational culture or climate
◦Technological innovation
Evaluate potential alternatives to the issues and/or opportunities identified in the SWOT Analysis paper and table you completed in Week 3.
Create at least three strategic objectives for each of the four balanced scorecard areas. Base your solutions on a ranking of alternative solutions that includes the following:
•Identify potential risks and mitigation plans
•Analyze a stakeholder and include mitigation and contingency strategies.
•Incorporate ethical implications
Develop a metric and target for each strategic objective using a balanced scorecard format.
•Example: a strategic objective in the shareholder or financial perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, “The percentage of increase in market share.” The target is the specific number to be achieved in a particular time period. The target for the metric of “Increase market share” could be “Increase market share by 2% for each of the next 3 years” of an increase of 2% per year for 3 years.)
Outline a brief communication plan discussing how you will communicate the company’s strategic objectives that includes the following:
•Define the purpose.
•Define the audience.
•Identify the channel(s) of communication and why you selected that channel.
Format paper consistent with APA guidelines.
Companies Companies
United States International
LKQ Corporation Ebara Corporation
Hess Corporation Achmea BV
Quintiles Transnational Corp. The Shizuoka Bank, Ltd.
World Fuel Services Corporation The Toronto-Dominion Bank
Waste Management, Inc. Veolia Environnement
Coca-Cola Enterprises, Inc. HellaKGaAHueck& Co.
The Southern Company Tingyi (Cayman Islands) Holding Corp.
Dairy Farmers of America, Inc. LVMH Moet Hennessy Louis Vuitton SA
BJ Services Company JS Group Corporation
Marsh & McLennan Companies, Inc. Technip
The Charles Schwab Corporation FUJIFILM Holdings Corporation
American Financial Group, Inc. Sharp Corporation
Brown-Forman Corporation Nippon Suisan Kaisha, Ltd.
Weyerhaeuser Company Reliance Communications Limited
Inergy, L.P. Gas Natural Fenosa
WESCO International, Inc. HCL Technologies Limited
NovelisInc Metso Corporation
AutoNation, Inc. CNP Assurances SA
AK Steel Holding Corporation Tata Consultancy Services Limited
The Pep Boys–Manny, Moe & Jack SvenskaCellulosaAktiebolaget
Exelon Corporation Bank of China Limited
McDonald’s Corporation Shoppers Drug Mart Corp
Holly Corporation Mitsubishi Heavy Industries, Ltd.
Coty Inc. West Japan Railway Company
The Pep Boys–Manny, Moe & Jack SvenskaCellulosaAktiebolaget
Emerson Electric Co. National Bank of Canada
Amgen, Inc. FLSmidth& Co A/S
Casey’s General Stores, Inc. UniCredit Group
Experian plc Fiserv, Inc.
Amkor Technology, Inc. Carso Global Telecom S.A.B. de C.V.
McDermott International, Inc. NTN Corporation
#50e of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.