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ASSIGNMENT DETAILS

• Subject – Strategic Management
• Words: 3000

Organizational Audit

Objectives:

This assignment aims to create a strategic plan for the organization by analyzing its background, services, and ability to stay competitive. It involves reviewing and improving the vision and mission statements, assessing internal strengths and weaknesses, and identifying external opportunities and threats through IFE and EFE Matrices. A SWOT analysis will guide the development of strategies, divided into those to continue and new ones to adopt. The implementation will include projected financial statements to show feasibility and outcomes. Finally, a Balanced Scorecard will outline key objectives, and recommendations will be made for the organization’s future growth and success.

ASSIGNMENT WRITTEN REPORT 

Task Instruction:

The assignment for this course is to research the aspirations of any organizations and to prepare a report detailing the steps the organization of your choosing has taken to realise its goals. You can prepare a written analysis by following these guidelines, which correspond to the steps in the strategic management process.

The Write Up: Vision/Mission: a)      Company background and nature of service. b)      Describe how the organization can best gain and sustain its competitive advantage. c)      Show organization existing vision and mission. d)      Show “improved” vision and mission and justify why it is improved.

Internal & External Assessment: a)    Evaluate the organization strengths and weaknesses by constructing Internal Factor Evaluation (IFE) Matrix. b)    Evaluate the organization opportunities and threats by constructing External Factor Evaluation (EFE) Matrix.

Strategy Formulation: a)      Evaluate the SWOT Matrix of the organization. b)      Assess the strategies into two groups: Existing strategies to be continued New strategies to be started

Strategy Implementation: a) Construct the projected income statement/projected balance sheet and expected result to show the implementation process of your recommendation.

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