Develop at least three methods to monitor and control your proposed strategic pl
ID: 459568 • Letter: D
Question
Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally.
My Strategic Plan Our target audience will be our current suppliers, distributors and customer, or potential customer looks to do business with John Deere. Our marketing strategy is to launch the App by creating a buzz about the new division of John Deere. In addition to social media and our website, we will advertise in trade publications to ensure that our target audience sees the ads. Once we have captured the attention of our target audience we will offer a 30 day free trial this will enable our potential customers to become familiar with the App.
Explanation / Answer
Some of the methods to monitor and control a proposed strategic plan are as follows.
One of the methods to monitor the progess of the proposed strategic plan to have specific review dates for the plan. The review dates should be arranged in such a way that the short term the long term targets are achieved. This could be monthly, bimonthly, quarterly or a annual review dates.
Having a tracking system in place. The tracking system must be able to identify whether all the measureable goals are tracked in the tracking system. If one of the business target is reaching a certain amount of revenue in the specific month, the tracking system must be able to cross check the same, whether the the revenue is on track. If the usage of the app is to be monitored then that particular tracking system must have this cross checked.
A proposed business plan is not an unchangeable document. As and when the business requirements change, the plan has to be modified accordingly. The app management system also needs to be tweaked as and when required according to the business requirement. Whether a 30 day free trial is required or this free trial needs to be extended to have an impact in the current market.
These are the various methods to monitor the and control the proposed plan.
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