Your Chief Executive Officer (CEO) calls you into his or her office and wants yo
ID: 331435 • Letter: Y
Question
Your Chief Executive Officer (CEO) calls you into his or her office and wants you to take on a valuable project related to the upcoming 5-year strategic plan. You will work directly under the auspices of the Chief Financial Officer in developing the SWOT (Strengths, Weaknesses, Opportunities and Threats) of the exogenous (external) macro-economic factors that will need to be considered in developing micro based revenue, expense and profitability forecasts for your company or any organization you are familiar with.
The CEO takes out a piece of scratch paper and provides the outline and expectations. These notes include:
1. Meet with the Corporate Sales Manager and ask for the drivers of your own corporate revenue streams. What about elasticity /sensitivity analysis?
2. Meet with the production or expense managers and determine the drivers of expenses; for example, labor cost, unemployment rate, raw materials cost if you are a manufacturing facility.
3. Identify the positive economic data; the situation of a selection of no more than 4 key series of data and sources of drivers of micro performance. This could include time series data on consumption, consumer price index, consumer confidence, interest rates, inflation, and productivity (for example) as outlined from your interviews. He asks that you include the URL or sources
4. Your deliverable is to provide a check list in a memo form on your findings and how the economic data series you selected is needed to assess sales and resource needs over the next 5 years and the relationship between the data as inputs into your company sales and expense forecasts.
5. Consider listing any ethical implications of the forecast to the wider community.
6. Take a breath and note the deliverable below
The purpose of this assignment in addition to discovery of the link between exogenous economic data to your own industry is to find and network with subject matter experts in your own company.
As you write this strategic planning 2-page memo, consider including the following components that include an introduction to your business audience, clarification of terms via definitions. Discuss why you think the series is valuable to your firm and the result of your interviews. This is a MEMO; therefore, it needs to look professional. You need the From and to designations, etc. This is NOT an essay where you are going to need references, cover page etc. A Note that this needs to be as professional as possible.
-any help with ideas or outlines or anthing would be helpful! thanks. I work for a bicycle company. what else would you want to know?
Explanation / Answer
To : Chief Financial Officer
From : Christopher Bentley, SPM
Date : 17.04.2018
Subject : Internal Research Findings for The Project.
With reference to the SWOT project plane, after conducting an internal research study and analysis I hereby come to the some findings which would be very beneficial for formulating the project planning & setting its objectives & benchmarks are as below in checklist
By going through the details associated with the above factors I came to the knowing that inspite of our better product specifications & availability we need to concentrate more upon the reduction of the cost & overhead charges occur due to the inefficient machinery, so by optimizing the cost & wastage of resources we can invest more upon the improvement of our R & D and purchase of the latest & efficient machinery hereby enabling us to compete in international market.
Thus by applying the above mentioned strategies with good ethical practices and employees customer goodwill oriented behaviour we can sustain for a very long time in the current market and also our mission to be the global market leader in next 5 years that too with no compromisation with the cultural values can be fulfilled.
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