Your final project should be a complete, polished, artifact containing all of the critical elements below;
Your presentation must address the following prompt: Construct a high-level strategy for success based on the various economic, competitive, and management challenges faced by Deep Roots Destiliry.
To accomplish this task, you will describe the organizationâ€™s mission, vision, and values; perform a TOWS analysis on the organization; and recommend a strategy that uses the organizationâ€™s strengths to capitalize on available market opportunities, identifies its organizational weaknesses, and prescribes appropriate actions to address the threats that it faces.
Additionally, you will identify metrics that will serve as key performance indicators to track the success of your recommended strategy, and develop a risk mitigation plan to minimize any adverse consequences.
Specifically, the following critical elements must be addressed:
I. Introduction: In this section, characterize the organization you have chosen for your final project.
A. Identify the organizationâ€™s mission, vision, and values.
B. Explain the challenge(s) facing the organization. Support with specifics from the case.
II. Business Environment: Analyze the internal and external setting of your chosen organization.
A. Perform a TOWS analysis to determine a strategic approach to threats, opportunities, weaknesses, and strengths for your chosen organization.
B. Based on the TOWS analysis, ascertain strategic areas for improvement in the organizationâ€™s approach to doing business. Support with specifics
from the case.
C. Prioritize the areas to address by how well they align with the organization mission and values.
III. Financials: Examine the companyâ€™s financial statements to assess organizational health.
A. Explain what the balance sheet, income statement, and cash flow statement reveal about how the company is functioning.
B. Calculate financial ratios and interpret what those say about the organizationâ€™s financial health. Support with specifics.
C. Identify the potential problem areas in the company as reflected in the financials.
IV. Strategy: What does the company need to do to change direction?
A. Devise a basic strategy to move the organization in a new direction based on the environmental analysis.
B. Identify the key players in implementing the strategy (marketing, operations, accounting, sales, HR, etc.) and describe how it affects them.
C. Develop a basic (high-level) plan to improve organizational performance.
1. Define goals for profitability based on specifics from analyses.
2. Explain in detail how the goals are in alignment with the company mission, vision, and values.
D. Describe in detail how this plan affects the organizationâ€™s departments (marketing, operations, HR functions, etc.).
V. Key Performance Indicators: What does success look like?
A. Determine the specific KPIs you will use to effectively measure the success of the strategy and explain how/why these KPIs align with the
identified strategy and with the organizationâ€™s mission, vision, and values.
B. Identify at least one KPI for each profitability goal identified previously.
A. Explain why your basic strategy is the most appropriate for meeting the organizationâ€™s goals. Support with specific details from the case.
B. Identify departmental risks associated with your strategy and develop a risk mitigation plan.
C. Predict what other factors may affect your ability to implement the mitigation plan (costs, regulations, unions, etc.).
Guidelines for Submission: Your strategy and change management plan must be 9â€“12 pages in length (plus a cover page and references section) and must be written in APA format. Use double spacing, 12-point Times New Roman font, and one-inch margins. All references must be cited in APA format.