BUS 475 Week 4 Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan
University of Phoenix
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 SWOTT analysis and supply chain analysis.
Consider the following four quadrants of the balanced scorecard when developing your strategic objectives:
Develop at least three strategic objectives for each of the four balanced scorecard areas identified (Financial, Customer, Process, Learning and Growth). Your objectives should be selected, in part, based on an evaluation of a number of potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis paper and table you completed in Week 3.
Base your solutions on a ranking of alternative solutions that includes an identification of potential risks and mitigation plans, and a stakeholder analysis that includes mitigation and contingency strategies. You should also incorporate the ethical implications of your solutions into your selection.
Outline a brief communication plan discussing how you will communicate the company's strategic objectives that includes the following:
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.
Format paper consistent with APA guidelines.
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