Strategy Formulation and Processes

Key AssignmentYou have just been hired to the HBY company as its new Vice President of Strategic Planning. The corporation is a conglomerate with divisions in the film industry, theme park industry, digital music distribution industry, and mass merchandiser industry. The corporation has seen lackluster performance in recent years because its competitors seem to have a more effective strategy, and, at the same time, business and economic conditions have changed appreciably from what they were five years earlier.Given the multibillion dollar size of the corporation and the fact that it is a conglomerate with a very diverse portfolio of companies in varying industries, the CEO whom you report to has already given you permission to hire a staff of recent MBAs to assist your efforts. You recently completed the interviewing and hired four people with minimal real business experience.In coming months, you and your team will be creating a completely new—and, presumably, more effective—strategic plan. You plan to begin by holding a kick-off meeting with your team.Deliverable Length: 1,000–1,250 wordsTo feel confident that all of the employees in your strategic planning team understand all that you have taught them, you require each to prepare a streamlined version of the key elements of a strategic plan. You require each employee to prepare the following sections of a strategic plan for any one of the corporation’s four divisions:Mission and Vision statements (simply copying from an existing real company is unacceptable)SMART Goals and ObjectivesIndustry analysisSWOTT analysisA perceptual mapChoose any criteria that you think are important to plot.Explain why you picked the criteria.The 4 corporate industries that each employee can pick from are the following:Film industryTheme park industryMass merchandiser industryDigital music distributor industryYour task is to create a plan, following the same parameters, that will be the sample standard your employees’ submission should match.Please submit your assignment.For assistance with your assignment, please use your text, Web resources, and all course materials.

 
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