Peer Review of Strategic and Implementation Plans Essay

Team members provided feedback on the individual draft papers posted. The assignment was to provide a strategic plan for our chosen organization. The plan needed to include implementation for objectives, functional tactics, action items, milestones and deadlines, tasks and task ownership, and resource apportionings. Organizational and management changes, financial forecasts, and risks with chance plans also needed to be processed.One of the draft papers contained excellent breakdowns on the financials for a startup company along with specifics on which participating individuals would be responsible for key action items. The budget and sales forecast were realistic for what would be expected with a new business. The identified risk of low participation volume from clients was identified, but there was no contingency plan for this in terms of additional marketing.Another team members paper was acquire in how customer needs could impact the success of the strategic plan. Internal a nd external factors addressed employee relations and shareholder expectations. The approach the company needs to light upon with delivering service to customers is identified as factor that needs to change as the plan is implemented. A SWOT analysis would be conducted and contingency plans made on an as-needed basis. The company may want to develop several contingency plans for common issues within its industry to be prepared for these scenarios.The third draft reviewed focused on short and long-term objectives and the use of a balanced scorecard approach to evaluating and monitoring the plans implementation. The critical components for objectives, functional tactics,action items, and resource allocation were identified. Major changes to the organizational structure and management positions were key factors to the companys plan. ConclusionAlthough all team members did not post drafts or offer feedback those that did provided expand pertinent to the assignment. Team members identif ied the items outlined in the assignment and appear to have strong knowledge of what a strategic plan needs to address to be successful in meeting goals.