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Action Plan

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Using all documents attached an action plan needs to be developed

Action Plan has 4 Elements
• Identification of specific actions to be undertaken in the next year or less.
• Establishment of a clear time frame for the completion of each action.
• Creation of accountability by identifying who is responsible for each action.
• Determination of one or more specific, immediate objectives that the action should achieve.

Based on the elements answer the following:
1. Specific steps you will need to take in the next year to achieve your 5-year objectives. Analyzes the steps and associated time frame needed to achieve long-term objectives.
2. A time frame for completing each action.
3. The scorecard you will use to measure the success of each action. Develops a scorecard to measure the success of steps needed to achieve long-term objectives.
4. The functional tactics you will use to achieve your short-term objectives. Analyzes functional tactics used to achieve short-term objectives.
5. The resources (financial, human, and other) you will use to complete each action.
6. An analysis of the monetary ramifications of each action.
7. A plan for monitoring the progress of the action plan.
8. A plan for handling obstacles or roadblocks.
9. An explanation of how your overall strategic plan reflects your mission statement.

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The response addresses the query posted in 741 words with APA references

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The response addresses the query posted in 741 words with APA references

//Every organization develops certain strategies and plans to achieve its objectives. The strategies developed by the organization should be well-aligned with its goals. In the following section, we shall discuss the specific action plan taken by the company to achieve its five-year objective. Along with this, the time frame for completion of each action plan will also be discussed.//

1. Specific steps, you will need to take in the next year, to achieve your 5-year objectives. Analyze the steps and associated time frame needed to achieve the long-term objectives.

1) In order to achieve 5 years objective, an important element is the availability of human resources as it helps in effective utilization of talent management. Time period recruiting human resources could be 4 months.

2) Formal training should be provided to the human resources so that they are able to meet the objectives. Time period for this could be 6 months

3) Financial resources are another important element as salary will have to be ...

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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