Executing Strategy for Glo Bus Camera Co
Read the questions posed in the Key Points for the Week 2 Overview see below. Answering these questions will help you complete this assignment (see below).
Create a framework for executing strategy for your Glo-Bus company (Camera production). Write a 1?- to 2-page draft business brief that include the following.
Write a strategic vision statement with a plan for communicating to employees.
Determine financial and strategic objectives
- prepare a strategic vision statement for your company. It should be at least one sentence long and no longer than a brief paragraph. What would be a good slogan that captures the essence of your strategic vision and that could be used to help communicate the vision to company personnel, shareholders, and other stakeholders?
- What are your company’s financial objectives? What are your company’s strategic objectives?
- How would you describe your company’s strategic intent?
- What are the 5-6 most important elements of your company’s strategy in entry-level and multi-featured cameras? Have any of these strategy elements been fine-tuned or radically changes since the Year 6 decision round when you and your co-managers first took over the company and assumed strategy-making responsibility?
To assess your ability to:
prepare a strategic vision for a company
develop a plan to communicate the vision to all company employees
determine a company?s financial objectives
establish a company?s strategic intent
It is a great reflective piece. It allows you to look at what you initially thought and then
after discussing with others who may have other viewpoints, think how those viewpoints might
improve what you initially thought. Yes, occasionally you may have an outstanding product the
first time and not need any changes but again you should be able to reflect and articulate why
you did not need to make any changes.
It will allow you to reflect and capture some of your thinking processes and why you
made the decisions you did throughout the team project. This will flow into your Comparative
Analysis paper due in Week 6.
Read the questions posed in the Key Points for the Week 2 Overview. Answering these
questions will help you complete this assignment (see below).
Create a framework for executing strategy for your Glo-Bus company (Camera
production). Write a 1?- to 2-page draft business brief that include the following.
Write a strategic vision statement with a plan for communicating to
Determine financial and strategic objectives.
For these objectives, you must incorporate the five-performance objectives established by your
Board of Directors. Refer to the GLO-BUS Participant?s Guide (page 23.Link to globus
participants guide: https://www.glo-bus.com/users/ParticipantsGuide.pdf ), ?What Your Board of
Directors Expects.? You must translate these performance objectives into specific, concrete
targets. For example, you are charged to increase your company?s EPS by 8% each year
through year 10 and 4% thereafter; then you should state the actual dollar amount you are
expected to achieve in year 7, 8, 9, 10, 11, and 12. This approach gives you a performance
trajectory and concrete numbers with which to compare your company?s actual performance
Describe the strategic intent.