To correct this problem, the company will implement a more robust benefits plan and put a focus on improving corporate culture.
Methodology in Business Ethics Research: Highly trained management teams will also provide an effective way to utilize risk mitigation plans when necessary. A Review and Critical Assessment. Measuring the changes created by strategic choices will provide the fundamental information needed to control their outcomes.
However, Microsoft could improve on its efforts by encouraging its employees to participate in charitable events Galbreath Conclusion The elements outlined in this strategic plan will contribute to the continued dominance of Microsoft Corporation in the software industry.
For example, if the company makes an effort to outsource additional engineering work to India, this decision should be accompanied by a reduction in labor costs in the next quarterly report to investors.
Classics from the Journal of Business Ethics pp. This growing niche in the software market will be highly lucrative as more and more people choose to Strategic planning implementation str 581 final paper smart phones. Companies like Google, Apple, and Facebook have been successful at attracting world-class talent while Microsoft has fallen behind.
The company has provided its software programs, such as the Office Suite, to non-profit organizations completely free of charge. If a reduction in labor costs it not demonstrated, the company must audit the plan to find the source of this contradiction.
The management structure will maintain a strong leadership presence for each strategic initiative, which will help control the outcome in a way that is favorable to Microsoft. Software is a highly competitive industry and there are many small and large companies fighting over market share.
Section for your strategic plan in which you add your strategies and tactics to implement and realize your strategic objectives, measures, and targets.
This policy helps reduce expenses for these organizations and allows them to focus on their primary missions. Treating each strategic tactic as a single project will allow multiple employees to contribute their efforts simultaneously.
This will ensure that there are several individuals who are held accountable for the results of the plan. The balanced approach to the strategy ensures that all members of the organization will be benefited by the strategic initiatives.
Microsoft will become more competitive financially by increasing the market share of its mobile operating system. A team of high performing managers will lead every strategic initiative.
Drivers of corporate social responsibility: Retrieved from Pearce, J. In fact, the company has a universal policy to allow non-profit organizations access to discounted or free software Microsoft This goal will be achieved by re-branding its software and inviting 3rd party software developers to submit their own applications.
The strategic plan for Microsoft provides a comprehensive guide for success with its future operations. An internal audit of technology assets will be able to identify projects that can be scrapped. This will allow the company to divert its research and development expenses to more profitable areas of the company.
Leaders will have the ability to distribute information to their subordinates in a very short amount of time. Develop at least three methods to monitor and control your proposed strategic plan, Strategies and Tactics The strategic plan has determined the following tactics based on the conditions of the external and internal environment.
Although the results can be reasonably predicted, the risk mitigation plan provides a method for reacting to unexpected occurrences. It will take several years before the results of the plan can be fully measured, but performance targets will be constantly tracked during the execution of the plan.
This tactic is expected to greatly improve the user experience of this mobile software and create a gradual increase in market share.
First, the company must measure the changes that are experienced as a result of strategic choices. An effective strategy for this goal would be funding group trips for its employees to participate in these charitable activities.
This objective can be achieved by eliminating low performing projects that do not show a high potential for future success. This program would keep all employees focused on the corporate citizenship of Microsoft and continue to improve its public image.
Mapping the results graphically on charts will also help individuals gain a visual understanding of the overall performance of the strategic plan.
Include marketing and information technology strategies and tactics. Improving Corporate Citizenship Microsoft has a strong reputation for its environmental friendly practices and efforts to support charitable causes.Below is a free excerpt of "Str Week 6 Strategic Plan" from Anti Essays, your source for free research papers, essays, and term paper examples.
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Essays, General Business, Premium, Strategy. Leave a comment. Final Strategic Plan Introduction. The final strategic plan for Microsoft Corporation incorporates the insights gained from the mission, vision, SWOTT analysis, and the balanced scorecard.Download