The is a 5-part
assessment. Each part follows the other. For highest grade finish each part and
end with reference page and then start the next part in the same file. You can associate 3-4 pages for each part and make at least 15-17 pages worth of content.
Part 1. Mission Statement
Develop and write your personal mission statement.
Introduction
A well-written mission statement can provide the momentum and motivation to take a company to the next level. The same is true of personal mission statement. If you thought about yourself as a company, what would you say about yourself? What values drive you? What is your marketing message? What is your reason for doing what you do?
While many organizations have mission statements, few individuals do. What is the purpose of a mission statement? How is it created? What types of things should go into a mission statement?
Note: Developing a strategic plan requires specific steps that need to be executed in a sequence. The assessments in this course are presented in order and should be completed in sequence.
Develop and write your own personal mission statement. Be clear about your passion, values, goals, and philosophies. Once you have your mission statement articulated, explain how it:
Expresses your image of yourself.
Expresses your values and philosophies.
Identifies what you have to offer.
Explain how your mission statement answers the following questions:
What are your economic goals?
What is your philosophy in terms of quality and image?
What are your core competencies and competitive advantages?
What “customers” do you serve best?
How do you view your responsibilities to those who rely on you?
Format this assessment as a research paper, following current APA guidelines for both style and citing sources, making sure that you also use correct grammar and mechanics. There is no required minimum or maximum page length; however, you should strive to be as detailed as possible in addressing each bullet point while also being as clear and concise as possible.
Part 2. SWOT Analysis
Conduct an environmental scan and write an assessment in which you focus on both the internal and external factors that could affect your success within your chosen industry.
Introduction
After an organization has completed a SWOT analysis, it will carefully monitor both the internal and external environments to detect signs of opportunities and threats that could affect current and future plans. This environmental scanning can help an organization identify trends that are most likely to affect the industry, thereby allowing the development of a strategy for change. The right information, at the right time, can determine the future of an organization.
Note: Developing a strategic plan requires specific steps that need to be executed in a sequence. The assessments in this course are presented in order and should be completed in sequence.
Conduct a personal strengths, weaknesses, opportunities, and threats (SWOT) analysis. In your analysis, consider the following:
Strengths
What advantages do you have that others do not (skills, education, experience, certifications)?
What achievements are you most proud of?
What do you do better than anyone else?
What do you think others would see as your strengths?
Do you have special connections that others may not have?
What personal resources do you have available?
Be sure to consider how others see younot just how you see yourself.
Weaknesses
Are there tasks you avoid doing because you do not feel confident doing them?
Do you have any negative work habits (often late, disorganized, easily stressed)?
Do you feel confident about your skills, experience, and education?
Do you have any personality traits that might hold you back? For example, do you have a fear of public speaking, yet work where you are expected to conduct regular meetings?
Again, consider how others see you.
Opportunities
Do you have a network of influential contacts that can help or offer advice?
Is there a need in your company or industry that no one else has been able to fill?
Are there trends in your company that you can use to your advantage?
Can you offer solutions to problems within your company?
Threats
What kind of obstacles are you facing at work?
Are there co-workers/colleagues competing with you for positions or projects?
Has the nature of your job changed?
Does technology pose a threat to your position?
Do any of your weaknesses pose a threat?
What threats to your overall plan are there?
Once you have completed your SWOT analysis, identify strategies that you can use to capitalize on your strengths and open up opportunities, and address ways you can minimize areas of weakness and eliminate threats. Consider asking a trusted peer or friend to review your SWOT analysis and provide you with honest feedback. Analyze the feedback you receive and include that analysis in your assessment. Were there aspects of the feedback that surprised you?
Part 3. Environmental Scan
Conduct an environmental scan and write an assessment in which you focus on both the internal and external factors that could affect your success within your chosen industry.
Introduction Part 3. Environmental Scan
An environmental scan allows you to identify the trends (technical, social, political, economic, and so on), issues, and other factors that are most likely to affect a given industry, thereby helping you determine a strategy for dealing with potential changes.
Note: Developing a strategic plan requires specific steps that need to be executed in a sequence. The assessments in this course are presented in order and should be completed in sequence.
Conduct an environmental scan in which you focus on both the internal and external factors that could affect your success within your chosen industry. Include in your scan responses to the following. Be sure to use the information from your SWOT analysis to explain how you will address both the internal and external issues.
Internal Factors: What specific things do you need to do in order to achieve the position you would like to have? In other words, what do you need to do to climb the corporate ladder in your industry?
External Factors: Examine the state of the current market or industry. What issues currently exist? How might these issues influence the future state of the industry? How will these issues affect your long-term and short-term goals?
Part 4. Long-Term and Short- Term Plan
Note: Developing a strategic plan requires specific steps that need to be executed in a sequence. The assessments in this course are presented in order and should be completed in sequence.
Success in any endeavor requires focus, long-term planning, and effort. Most long-term objectives require short-term achievements.
Use what you have learned about yourself through the SWOT analysis and environmental scan you completed to develop a long-term and a short-term plan for yourself. Complete the following:
Start by describing your 5-year professional and financial objectives.
What title or position would you like to have?
Where would you like to be financially?
Based on the results of your SWOT analysis and environmental scan, determine the following:
What skills do you need to develop to achieve your 5-year objectives?
Is your industry changing? What do you need to do to grow with it?
What resources do you have to help you achieve your 5-year objectives? (Hint: Resources can mean more than financial; are there people you know who can help you achieve your objective?)
Now develop a short-term plan that will help you achieve your long-term objectives:
What will you need to accomplish each year to achieve your 5-year objectives?
What monthly/weekly/daily steps will help you reach your long-term objectives?
How will you address obstacles that occur along the way?
Part 5. Strategic Plan
Develop a strategic action plan for yourself.
Introduction
The final step in developing your strategic plan is to translate your strategy into action. A robust action plan contains four elements:
Identification of specific actions to be undertaken in the next year or less.
Establishment of a clear time frame for the completion of each action.
Creation of accountability by identifying who is responsible for each action.
Determination of one or more specific, immediate objectives that the action should achieve.
Functional tactics and monetary ramifications are the underlying details of your strategic action plan. Functional tactics are short-term, narrow-scoped plans that detail the activities you will use to achieve your short-term objectives. The monetary ramifications of your strategic plan will likely be expressed in both income and expenses, for example, the amount of increased income anticipated by climbing the corporate ladder and the amount of money you may need to spend on education or professional development.
Note: Developing a strategic plan requires specific steps that need to be executed in a sequence. The assessments in this course are presented in order and should be completed in sequence.
In the previous assessments, you have developed your mission statement, conducted a personal SWOT analysis and environmental scan, and laid out your long-term and short-term objectives. Now, you will create a strategic plan to achieve your objectives.
Your completed Strategic Action Plan will be based on the information from your mission statement, your SWOT analysis, environmental scan, and your long-term and short-term plans; however, you do not need to include these items in this assessment.
Develop a strategic action plan in which you address the following:
Specific steps you will need to take in the next year to achieve your 5-year objectives.
A time frame for completing each action.
The scorecard you will use to measure the success of each action.
The functional tactics you will use to achieve your short-term objectives.
The resources (financial, human, and other) you will use to complete each action.
An analysis of the monetary ramifications of each action.
A plan for monitoring the progress of the action plan.
A plan for handling obstacles or roadblocks.
An explanation of how your overall strategic plan reflects your mission statement.
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