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Capella University Strategic Action Plan Discussion

Capella University Strategic Action Plan Discussion

Capella University Strategic Action Plan Discussion

  • Overview

    Develop a strategic action plan for yourself.

  • Note: Developing a strategic plan requires specific steps that need to be executed in a sequence. The assessments in this course are presented in order and should be completed in sequence.

  • Context

    The final step in developing your strategic plan is to translate your strategy into action. A robust action plan contains four 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.

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      Functional tactics and monetary ramifications are the underlying details of your strategic action plan. Functional tactics are short-term, narrow-scoped plans that detail the activities you will use to achieve your short-term objectives. The monetary ramifications of your strategic plan will likely be expressed in both income and expenses, for example, the amount of increased income anticipated by climbing the corporate ladder and the amount of money you may need to spend on education or professional development.


  • Questions to Consider

    To deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of the business community.

    • What does it take to advance in the corporate world?

  • Resources

    SUGGESTED RESOURCES

    The following optional resources are provided to support you in completing the assessment or to provide a helpful context. For additional resources, refer to the Research Resources and Supplemental Resources in the left navigation menu of your courseroom.

    Library Resources

    The following e-books and articles from the University Library are linked directly in this course.

  • Assessment Instructions

    Note: Developing a strategic plan requires specific steps that need to be executed in a sequence. The assessments in this course are presented in order and should be completed in sequence.

  • In the previous assessments, you have developed your mission statement, conducted a personal SWOT analysis and environmental scan, and laid out your long-term and short-term objectives. Now, you will create a strategic plan to achieve your objectives.
  • Your completed Strategic Action Plan will be based on the information from your mission statement, your SWOT analysis, environmental scan, and your long-term and short-term plans; however, you do not need to include these items in this assessment.
  • Develop a strategic action plan in which you address the following:
    • Specific steps you will need to take in the next year to achieve your 5-year objectives.
    • A time frame for completing each action.
    • The scorecard you will use to measure the success of each action.
    • The functional tactics you will use to achieve your short-term objectives.
    • The resources (financial, human, and other) you will use to complete each action.
    • An analysis of the monetary ramifications of each action.
    • A plan for monitoring the progress of the action plan.
    • A plan for handling obstacles or roadblocks.
    • An explanation of how your overall strategic plan reflects your mission statement.

    To successfully complete this assessment, you may need to do some research on strategic action plans. Format this assessment as a research paper following current APA guidelines for both style and citing sources, making sure that you also use correct grammar and mechanics. There is no required minimum or maximum page length; however, you should strive to be as detailed as possible in addressing each bullet point, while also being as clear and concise as possible.

    Strategic Action Plan Scoring Guide

    CRITERIA DISTINGUISHED
    Write coherently to support a central idea in appropriate format with correct grammar, usage, and mechanics. Writing is coherent, using evidence to support a central idea in a consistently appropriate format with correct grammar, usage, and mechanics.
    Describe the steps and associated time frames needed to achieve long-term objectives. Analyzes the steps and associated time frame needed to achieve long-term objectives.
    Explain how to measure the success of the steps needed to achieve long-term objectives. Develops a scorecard to measure the success of steps needed to achieve long-term objectives.
    Describe functional tactics used to achieve short-term objectives. Analyzes functional tactics used to achieve short-term objectives.
    Describe the resources needed to complete the steps of a strategic plan. Evaluates the resources needed to complete steps of a strategic plan.
    Explain the financial ramifications associated with a strategic plan. Analyzes the financial ramifications associated with a strategic plan.
    Describe a plan for monitoring the progress of a strategic plan. Develops a plan for monitoring the progress of a strategic plan and proposes an implementation plan to ensure success.
    Explain strategies for addressing roadblocks and obstacles to a strategic plan. Evaluates strategies for addressing roadblocks and obstacles to a strategic plan.
    Explain how a strategic plan reflects a mission statement. Analyzes how a strategic plan reflects a mission statement.