Strategic Planning Assignment You may choose to work in pairs OR do the assignment on your own. NO groups of 3! If you choose to work in pairs, you only get marked for what YOU complete (which must be clearly indicated). If you work in pairs, I also expect FAR more research and detail than someone who works on their own- be warned! Assignment Information You will be picking a company from ONE of the following industries to do strategic planning: *energy drinks (example: Monster) *movie theatres (example: Famous Players) *cell phone (example: Apple) *breakfast cereal (example: Nabisco) *your own suggestion- must be approved by Ms. Boseovski *You may choose to present your information in any format you want- report, presentation – Prezi/Power Point, website, video, etc. Remember- it is the content, not the format that is important! Oral Presentations & Video lengths: 8 – 12 min Section 1- Part 1 of the Strategic Planning Process- Mission and Objectives *If you are working in pairs, you must split the 4 sections up- 2 sections each! 1. What is the company’s mission statement? Evaluate it based on all of the criteria for a mission statement- refer to note about what a mission statement needs to be. 2. Re-write the company’s mission statement. How did you improve upon the mission statement? Give two criteria that you improved upon it and how you did this. 3. Find the company logo. Do you feel that the logo fits with the mission statement? Explain. Would you improve it anyway to make it align better? 4. (Do NOT do this section if you are working ALONE). See if you can find any financial or strategic objectives for the company. If you find them, explain how they fit with the mission and vision of the company. If you can’t, make up one financial and one strategic objective and explain how they fit with the mission and vision of the company. Section 2- Environmental Scanning Part 1- SWOT Analysis Complete a full SWOT analysis of your company- refer to your notes and homework on how to complete this. If you are working in groups, you are to divide it so that one person does two sections of the SWOT (example- strengths and opportunities) and the other partner does the remaining two sections. Section 3- Environmental Scanning Part 2- PEST Analysis a) Complete a full PEST analysis of your company- refer to your notes and homework. If you are working in groups, you are to divide it so that one person does two sections of the PEST (example- political and social) and the other partner does the remaining two sections. b) Complete a Competition analysis. a. If you are working on your own, find ONE direct competitor and fully analyze them. b. If you are working in pairs, find TWO direct competitors, each of you will choose one and fully analyze them. Section 4- Environmental Scanning Part 3- Porter’s Five Forces Analysis Complete a Five Forces analysis. One partner will complete: buyer power, supplier power, and threat of new entrants. One partner will complete: competitive rivalry and threat of substitutes. Section 5- Strategy Decisions *Everyone completes this section INDIVIDUALLY. a) What generic strategy do you feel this company is following? Why do you think this is the strategy they chose? b) Does the strategy they chose fit with their strengths? Explain. c) Is there another strategy that would work better? Why? d) Give at least THREE suggestions as to how to support and implement their strategies to ensure success. Timelines and Due Dates: Class Periods to work on project (3.5 periods): Wednesday November 11th – Assignment Overview & Work Period Tuesday, November 17th – Work Period Wednesday, November 18th & Thursday, November 19th – Work Periods **Will review progress & provide feedback to individuals/pairs in 5-10 minute meetings. This is what class time allows, however please notify me if you would like additional time outside of class to discuss assignment** Please confirm report format in our meeting. DUE DATE: Monday, November 23rd Rubric: Knowledge/Understanding: SWOT Knowledge/Understanding: PEST Knowledge/Understanding: Five Forces Thinking/Inquiry: Communication: Application: Level 4 Level 3 Level 2 Level 1 Excellent knowledge and usage of the SWOT analysis. Excellent knowledge and usage of the PEST analysis. Excellent knowledge and usage of the Five Forces analysis. Excellent ability to critically evaluate the mission and objectives of a company. Excellent ability to communicate their results using research. Statements are backed up and explained fully. Excellent ability to apply the generic strategies and make suggestions. Good knowledge and usage of the SWOT analysis. Good knowledge and usage of the PEST analysis. Good knowledge and usage of the Five Forces analysis. Good ability to critically evaluate the mission and objectives of a company. Good ability to communicate their results using research. Most statements are backed up and explained fully. Good ability to apply the generic strategies and make suggestions. Some knowledge and usage of the SWOT analysis. Some knowledge and usage of the PEST analysis. Some knowledge and usage of the Five Forces analysis. Some ability to critically evaluate the mission and objectives of a company. Some ability to communicate their results using research. Some statements are backed up and explained fully. Some ability to apply the generic strategies and make suggestions. Little knowledge and usage of the SWOT analysis. Little knowledge and usage of the PEST analysis. Little knowledge and usage of the Five Forces analysis. Little ability to critically evaluate the mission and objectives of a company. Little ability to communicate their results using research. Very few statements are backed up and explained fully. Litte ability to apply the generic strategies and make suggestions. **You must submit a list of ALL websites used in the completion of your project** Suggested Links to help find information: http://www.ottawacitizen.com/index.html - local region newspaper- economy, political, current events The company’s website- obviously this will help you with the SWOT information http://www5.statcan.gc.ca/bsolc/olc-cel/olc-cel?catno=11-008-X&CHROPG=1&lang=eng – social trends Statistics Canada- general information about demographics http://www.canadabusiness.ca/eng/page/2826 - Canadian economic factors http://www.fin.gov.on.ca/en/budget/fallstatement/2012/ecotables.html - Ontario economic factors http://www.canadabusiness.ca/eng/page/2855 - regulations that relate to businesses and industries http://www.ic.gc.ca/eic/site/icgc.nsf/eng/h_07063.html - industry information, competitor research, economy information http://www.theglobeandmail.com/ - lots of business information and articles https://news.google.ca/ - you can search your company to see all published news articles