Create a detailed plan for implementation, evaluation, and control of the ‘recommended’ strategic alternative for Amazon. The recommended strategy is one from the stability, growth, and retrenchment alternatives.
Exhibit 6 supports sections VII and VIII of your Strategic Audit. It is very important you follow the writing structure of sections VII and VIII when completing Exhibit 6.
Implementation, Evaluation and Control Plan:
This plan highlights the actions needed to implement the recommended strategy at the corporate, business, and functional levels. For each action, the who, what, and how are specified. In terms of evaluation, who and how often the action plan will be evaluated is also determined. Finally, metrics are developed for objective and easy control and evaluation plans.
How to create an Implementation, Evaluation and Control Plan table
Download TemplateSA-EXH6-Implementation.docx and use it to build your own Exhibit 6.
In Section VI of your Strategic Audit, you have already identified the recommended strategy with its corporate, business, and functional hierarchy. The template illustrates a plan applied to the Olallieberry Pie Company’s (OPC) recommended strategic alternative (growth-concentration-expand into international arena by forging strategic alliances).
Notice the template has six columns with headings: Strategic Alternative Element, Action Plan, Priority System, Who Will Implement, Who Will Review, How Often Reviewed, and Metrics/Criteria.
The first element is at the corporate level action, then there are business level actions, and then 3 to 4 important functional level actions. All these action lines or rows should be expanded into good complete discussions in Sections VII and VIII of your Strategic Audit.
Where the elements and actions come from? Review your recommended strategy ideas at the corporate, business, and functional areas in Section VI to find key elements you would like to incorporate in the implementation plan. Review your TOWS matrix to find key actions you would like to include in this plan too. Not all elements and actions mentioned in Section VI and TOWS matrix should be included, only few that you consider most relevant.
