Strategy Composition
2-3 Pages not including title and reference pages
3 Reference in APA format with in text citations.
Deborah enters your office ready to discuss the project. She discusses her feedback on the plan thus far. She states that your team is doing an excellent job researching and you’ve been keeping her up-to-date on your findings. She commends you for your focus on effective management strategies because your team has been looking at every aspect of the company and considering both internal and external pros and cons. She asks that your team now apply the findings to develop a strategic framework so that the company can begin its global expansion programs. You decide that Deborah has brought up another good point and decide that the balanced scorecard would make a good part of strategic framework.
A balanced scorecard suggests that we view the organization from four perspectives (the learning & growth perspective, the business process perspective, the customer perspective, and the financial perspective). Create a 2-3 page paper that discusses the following:
Briefly discuss the four perspectives of the balanced scorecard and analyze what each means to your organization.
In addition to the balanced scorecard, provide an overview of two other strategies that would be part of your company’s strategic framework for global expansion.
Why is it important to combine different strategies when pursuing global expansion?
In addition to your textbook material, here are a few resources that may help you learn more about the basics of the balanced scorecard:
http://balancedscorecard.org/Resources/About-the-Balanced-Scorecard
http://ap-institute.com/kpi-white-papers/what-is-a-modern-balanced-scorecard.aspx
Additional reference materials.
Please try and use China as the country of study/reference for this assignment.
additional file as reference
20191129203626phase_1_individual_project
Solution Preview
Strategic Planning Methods
Successful businesses often endeavor to develop a clear strategic plan that informs business activities in the course of the business. According to Wolf and Floyd (2017), different scholars have established the existence of a positive relationshipbetween strategic planning and firm outcomes. Hence, management teams that invest in a strategic plan to determine their actions
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