[1]NAME: SECTION: Q TEAM #
- Demonstrate your ability to apply the PLAN OF ACTION to your assigned Wall Street Journal article. Suppose the firm named in the article has hired you as a consultant and asked you to study the situation described in the article. Detail how would you advise the firm to proceed by doing the following:
(1a) identify the complete title of your assigned article.
Title:
(1b) identify the firm, the industry in which it operates and its industry code.
Firm Name:
Industry Name:
Industry Code:
(1c) briefly identify some of the CRITICAL ISSUES the firm is, and will be, facing in the next five years.
Critical Issues:
(1d) offer one RECOMMENDATION for the firm that would address one of the issues you identified in (1c).
Recommendation:
- Justify your RECOMMENDATION by explaining:
(2a) how it will enable the firm to address the identified issue and be prepared for the future
Answer:
(2b) how it is consistent with any important internal factors: (1) Strengths AND (2) Weaknesses
(2b1) Strength(s):
(2b2) Weakness(es):
(2c) how it is relevant to any critical external factors: (1) Opportunities AND (2) Threats that you foresee
(2c1) Opportunity(ies):
(2c2) Threat(s):
Working from the RECOMMENDATION that you have offered above (in 1d) and using the charts provided below, develop a detailed PLAN OF ACTION that includes each of the required elements for:
- planning your recommendation’s IMPLEMENTATION (3a1-3f4),
| PLAN OF ACTION for [firm name] |
| 3. IMPLEMENTATION PLAN: |
| RECOMMENDATION:
3a1. Re-state the recommendation: 3a2.Responds to which critical issue: |
| OBJECTIVE for Recommendation:
3b1.Explain what the recommendation is intended to accomplish: 3b2.How will success be measured? |
| TIME FRAME for Recommendation:
3c1.What is the expected length of time required (ST, MT, LT)?[2] 3c2.Milestones to indicate progress (measure & time frame)? 3c3.Deadline? |
| RESPONSIBILITY for Recommendation:
3d1.Who is responsible for leading/delegating this project? 3d2.Who will be appointed to do the required work? |
| RESOURCES REQUIRED for Implementation:
3e1.What critical resources are needed for this project? 3e2.Why are they needed? 3e3.How will they be used? 3e4.How will they be acquired? |
| CAPABILITIES REQUIRED for Implementation:
3f1.What skills/capabilities are required to accomplish this project? 3f2.Why are they needed? 3f3.How will they be used? 3f4.How will they be acquired? |
| PLAN OF ACTION for [firm name] |
| 4. EXECUTION PLAN: |
| PROJECT MANAGER’S ACTION AGENDA for RECOMMENDATION: (restate):
4a1. |
| 4b1. Projected Start Date:
4b2. Projected End Date: |
| 4c1a.Task #1:
4c2a. Start Date: 4c3a. Completion Date: |
| 4c1b.Task #2:
4c2b. Start Date: 4c3b. Completion Date: |
| 4c1c.Task #3:
4c2c. Start Date: 4c3c. Completion Date: |
| Continue as needed |
- planning your recommendation’s EXECUTION (putting it into action) (4a1 – 4c3c and more if needed)
and …
| PLAN OF ACTION for [firm name]
|
||
| 5.STAKEHOLDER IMPACT
STAKEHOLDER 1: STAKEHOLDER 2: |
||
| STAKEHOLDER
TYPE (BSC)[3] |
5a1.
|
5b1.
|
| STAKEHOLDER
NAME
|
5a2. | 5b2. |
| ANTICIPATED IMPACT | 5a3. | 5b3. |
| LIKELY RESPONSE
POSITIVE/ NEGATIVE |
5a4. | 5b4. |
| POSSIBLE THREAT FROM STAKEHOLDER | 5a5. | 5b5. |
| PLANNED RESPONSE TO THREAT | 5a6. | 5b6. |
- predicting your recommendation’s effects on at least two important STAKEHOLDERS (identified by Balanced Scorecard type) and by name) (5a1-6 and 5b1-6).
[1] Submissions lacking required identification information will not be accepted; grade of zero will be recorded.
2ST-less than 1 year; MT-1-4 years; LT-5 years or more
[3] Capital Market (stockholders & lenders), Marketplace (customers & suppliers), Internal (employees), Sustainability (innovation and future preparation)