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Demonstrate your ability to apply the PLAN OF ACTION to your assigned Wall Street Journal article. Suppose the firm named in the article has hired you as a consultant and asked you to study the situation described in the article.

[1]NAME:                      SECTION: Q             TEAM #

 

 

  1. Demonstrate your ability to apply the PLAN OF ACTION to your assigned Wall Street Journal article. Suppose the firm named in the article has hired you as a consultant and asked you to study the situation described in the article. Detail how would you advise the firm to proceed by doing the following:

 

(1a) identify the complete title of your assigned article.

Title:

 

(1b) identify the firm, the industry in which it operates and its industry code.

Firm Name:

Industry Name:

Industry Code:

 

(1c) briefly identify some of the CRITICAL ISSUES the firm is, and will be, facing in the next five years.

Critical Issues:

 

(1d) offer one RECOMMENDATION for the firm that would address one of the issues you identified in (1c).

Recommendation:

 

  1. Justify your RECOMMENDATION by explaining:

 (2a) how it will enable the firm to address the identified issue and be prepared for the future

Answer:

 

(2b) how it is consistent with any important internal factors: (1) Strengths AND (2) Weaknesses

 

(2b1) Strength(s):

 

(2b2) Weakness(es):

     

(2c) how it is relevant to any critical external factors: (1) Opportunities AND (2) Threats that you foresee

 

(2c1) Opportunity(ies):

 

(2c2) Threat(s):

 

Working from the RECOMMENDATION that you have offered above (in 1d) and using the charts provided below, develop a detailed PLAN OF ACTION that includes each of the required elements for:

 

  1. planning your recommendation’s IMPLEMENTATION (3a1-3f4),

 

 

 

 

PLAN OF ACTION for [firm name]
3. IMPLEMENTATION PLAN:
RECOMMENDATION:

3a1. Re-state the recommendation:

3a2.Responds to which critical issue:

OBJECTIVE for Recommendation:

3b1.Explain what the recommendation is intended to accomplish:

3b2.How will success be measured?

TIME FRAME for Recommendation:

3c1.What is the expected length of time required (ST, MT, LT)?[2]

3c2.Milestones to indicate progress (measure & time frame)?

3c3.Deadline?

RESPONSIBILITY for Recommendation:

3d1.Who is responsible for leading/delegating this project?

3d2.Who will be appointed to do the required work?

RESOURCES REQUIRED for Implementation:

3e1.What critical resources are needed for this project?

3e2.Why are they needed?

3e3.How will they be used?

3e4.How will they be acquired?

CAPABILITIES REQUIRED for Implementation:

3f1.What skills/capabilities are required to accomplish this project?

3f2.Why are they needed?

3f3.How will they be used?

3f4.How will they be acquired?

 

 

 

PLAN OF ACTION for [firm name]
4. EXECUTION PLAN:
PROJECT MANAGER’S ACTION AGENDA for RECOMMENDATION: (restate):

4a1.

4b1. Projected Start Date:

4b2. Projected End Date:

4c1a.Task #1:

4c2a. Start Date:

4c3a. Completion Date:

4c1b.Task #2:

4c2b. Start Date:

4c3b. Completion Date:

4c1c.Task #3:

4c2c. Start Date:

4c3c. Completion Date:

Continue as needed

 

  1. planning your recommendation’s EXECUTION (putting it into action) (4a1 – 4c3c and more if needed)

 

 

 

 

 

 

 

 

 

 

and

PLAN OF ACTION for [firm name]

                                       

5.STAKEHOLDER IMPACT

                                     STAKEHOLDER 1:               STAKEHOLDER 2:

STAKEHOLDER

TYPE (BSC)[3]

5a1.

 

 

5b1.

 

STAKEHOLDER

NAME

 

5a2. 5b2.
ANTICIPATED IMPACT 5a3. 5b3.
LIKELY RESPONSE

POSITIVE/

NEGATIVE

5a4. 5b4.
POSSIBLE THREAT FROM STAKEHOLDER 5a5. 5b5.
PLANNED RESPONSE TO THREAT 5a6. 5b6.
  1. predicting your recommendation’s effects on at least two important STAKEHOLDERS (identified by Balanced Scorecard type) and by name) (5a1-6 and 5b1-6).

[1] Submissions lacking required identification information will not be accepted; grade of zero will be recorded.

2ST-less than 1 year; MT-1-4 years; LT-5 years or more

[3] Capital Market (stockholders & lenders), Marketplace (customers & suppliers), Internal (employees), Sustainability (innovation and future preparation)

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