Discussion:
There are a number of well-known strategic planning models. To bring your team up to speed on the evolution of strategic planning itself, write a white paper of 1200-1500 words, addressing the below specific models of strategic planning:
• Michael Porter's 5 Forces
• Adrian Slywotzky's Value Migration
• W. Chan Kim and Renee Mauborgne's Blue Ocean Strategy
1. The premise underlying each of the three models of strategic planning and the advantages each brings to the process
2. How to apply or implement strategic planning using each of the 3 methods
3. The pros and cons of each strategic planning method
4. Select one of the models and respond to the following questions:
a. How can you use this tool to ensure continuous process improvement in the organization
b. From a managerial perspective, how would you use financial/accounting/statistical metrics to analyze the business and measure the effectiveness of your strategy so you can make the best decisions for the organization?
c. How would you as a manager help the organization adapt to the changes that would result from this strategy (how would you engage teams around the strategy, how would you motivate employees to support the changes from this strategy)