Jht 2 Essay

378 WordsMar 25, 20152 Pages
Requirement Locked JHT Task 1 Help on this Page link opens in new window Click to Show/Hide Directions Directions Print SUBDOMAIN 329.1 - PLANNING FOR STRATEGIC COMPETITIVENESS SUBDOMAIN 329.2 - EXECUTING ORGANIZATIONAL STRATEGY Competency 329.1.1: Environmental Scanning and Competitive Analysis - The graduate assesses the environment and the competitive situation for the purpose of developing a strategic plan. Competency 329.1.2: Strategic Thinking and Planning - The graduate utilizes strategic thinking to evaluate opportunities and to develop a strategic plan. Competency 329.2.1: Strategic Thinking and Execution - The graduate applies strategic thinking to the challenge of executing a strategic plan and demonstrates the ability to manage strategically. Introduction: For this task, you will use a business simulation. You will need to complete participation in the simulation prior to completing this task. In the simulation, you will develop a strategic plan and will meet the challenges of implementing it successfully in an interactive setting that closely mirrors a real-world environment. Implementing the strategic plan successfully achieves the firm’s objectives and mission. After completing the simulation, you will prepare an analytical report to discuss with your company’s management team as you review the company’s performance in the simulation. Task: A. Submit your company’s final cumulative balanced scorecard, income statement, and balance sheet. B. Discuss the generic competitive strategy that you selected for your company. Include the following in your discussion: • What actions were built into your strategic plan to achieve competitive and financial success with that strategy • Why you selected the strategy you used 1. Evaluate the effectiveness of your strategy. C. Evaluate your ability to identify

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