Please provide guidance and recommendations on how I should develop a 2 to 3 pages paper based on the scenario provided below.
Details: In six months you are to present a complete business plan for Able Corporation to the Strategic Officers Steering Committee (SOS-C). Able Corporation is a US manufacturing company located in Tennessee that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. All products are manufactured locally and sold through large retailers like Sears, Best Buy, and Wal-Mart. They have sale papers inserted in every Wednesday and Sunday paper. Although they have a thriving business in the US and Canada, Able is trying to break into the global marketplace.
You are to provide a mission statement, operating principles, market analysis, company strengths and weaknesses analysis, one-year, five-year and ten-year strategic objectives, sales forecasts, financial and operational objectives, and pro forma financials.
As a preliminary step in the preparation of the business plan, brainstorm the major elements of the strategic management process. Using the questions below as a guide, provide several bullet points for each major step in the process. These can include insights, issues that need to be addressed, questions that need to be asked, etc.
1. How would you go about defining the identity of Able Corporation and creating its mission statement? Where would you look for the information? What do you already know about Able that can help?
2. What principle would you use in order to prioritize the implementation steps needed to accomplish the strategic objectives?
3. What post implementation and feedback mechanisms would you have in place to evaluate the effectiveness of the process? 4. What measures would you use?
5. What legal or ethical issues, if any, need to be considered?
By exploring the case questions for the Able Corporation and with supplementary resources, this solution provides guidance and recommendations on how to develop a 2 to 3 page paper based on the scenario.
Critical Analysis of Three Case Studies
AOL AND TIME WARNER: FRAGILE PROMISES
. Why did the media refer to the merger as the deal of the century?
. Why was Time Warner eager to merge with AOL?
. What challenges did AOL and Time Warner face as a merged company?
. How is the company doing financially? How much turnover has occurred among high-level executives? If any parts of the business have been sold off, what has the acquiring company said about future prospects?
THE AX FAILS ON SUNBEAM'S CHAINSAW AI.
. Why were Dunlap's goals unrealistic for Sunbeam?
. Was Dunlap's slice-and-dice plan a long-term or short-term strategy. PLEASE EXPLAIN.
. Why did Dunlap's turnaround strategy backfire?
HARLEY-DAVIDSON FROM DYSFUNCTIONAL TO CROSS-FUNCTIONAL.
. During Teerlink's tenure as Harley's Chief Financial Officer, was the organization structure flat or tall? Centralized or decentralized? EXPLAIN YOUR ANSWER
. As Chief Executive Officer, how did Teerlink change the organizational structure?
. Why does Harley-Davidson include outside suppliers on its cross-functional teams?