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).
Submit your assignment.
ANSWERS
Introduction:
Hello and thank you for giving me the opportunity to present to you my recommendations for improving our current strategic plan. As we know, our strategic plan is critical to the success of our organization, and it is important that we regularly assess and improve it to ensure that it is effective in meeting our goals and addressing any threats and challenges that may arise.
Slide 1: Summary of Threats and Challenges
One of the key threats and challenges that we have identified within our current strategic plan is the changing market landscape. As our competitors continue to innovate and introduce new products and services, we need to ensure that our strategic plan is able to adapt and stay ahead of the curve. Additionally, the economic climate is uncertain, and this presents a threat to our organization’s financial stability.
Slide 2: Execution of Strategic Initiatives
To address these threats and challenges, we need to execute our strategic initiatives in a more effective and efficient manner. This will require us to be more agile and responsive to changes in the market, as well as to carefully monitor and manage our financial resources. We will also need to foster a culture of innovation and continuous improvement within our organization, in order to stay ahead of our competitors and adapt to changes in the market.
Slide 3: Proposed Process Improvements
In order to execute our strategic initiatives more effectively, we will need to make some improvements to our current processes. This may involve streamlining and simplifying our current processes, as well as introducing new technologies and tools to help us better manage and monitor our progress. We will also need to improve our communication and collaboration across departments and teams, in order to ensure that everyone is working towards the same goals.
Slide 4: Additional Resources
In order to implement these process improvements, we may need to invest in additional resources. This could include hiring new employees with the necessary skills and expertise, as well as purchasing new technologies and tools. We will need to carefully assess our budget and allocate our resources wisely in order to maximize our return on investment.
Slide 5: Use of Resources
Once we have identified the resources that we need, we will need to ensure that they are used in the most effective and efficient way possible. This may involve training our employees on new technologies and tools, as well as implementing new processes and systems to help us better manage and monitor our progress. We will also need to regularly review and assess our use of resources to ensure that they are aligned with our strategic goals and objectives.
Slide 6: KPIs and Financial Investment
In order to justify our financial investment in these improvements to our strategic plan, we will need to use key performance indicators (KPIs) to measure our progress and success. This may include metrics such as revenue growth, customer satisfaction, and market share. By regularly tracking and monitoring these KPIs, we will be able to demonstrate the value and effectiveness of our proposed improvements.
Slide 7: Return on Investment (ROI)
Ultimately, our goal is to achieve a positive return on investment (ROI) from these proposed improvements to our strategic plan. This will require us to carefully balance the costs of implementing these improvements with the potential benefits that they will bring. By using KPIs to measure our progress and success, we will be able to assess whether our proposed improvements are delivering the expected ROI.
Conclusion:
In conclusion, by addressing the threats and challenges that we have identified within our current strategic plan, and by implementing process improvements and investing in additional resources, we will be able to improve the effectiveness and efficiency of our strategic plan. By using KPIs to measure our progress and success, and by achieving a positive ROI, we will be able
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