Application of management principles for creation of plans

This is a paper that focuses on the application of management principles for creation of plans. The paper also provides various questions to focus on the topic of the paper.

Application of management principles for creation of plans

T‌‌‍‌‌‍‍‍‌‍‍‌‍‍‍‌‌‌‍he purpose is for you to apply management principles to create management plans. They include strategy formulation, business analyses, industry trends, and organizational characterization. Deliverables one (1) through four (4) focus on preparing you for the final capstone project. You will apply skills, experience, and knowledge that you have gained through the completion of prerequisite courses throughout each deliverable. The intent of the Capstone project is for you to use the same case / company throughout the course. Select one (1) out of the three(3) recommendedcases listed below. Each case is located in the Cases to Accompany Contemporary Strategy Analysissection of the textbook. Based on the case, you will perform an industry analysis and develop a strategy for the CEO of your chosen company to help shape the company’s future. Write a three (3) page paper in which you:

Firstly, define strategy and examine how the definition of strategy fits your chosen company and its situation. Support your response. Secondly, summarize the main strategies that your chosen company’s management took leading up to this company’s recent development. Thirdly, identify your chosen company’s industry and determine its main competitors. Next, select two to three (2-3) strategies that the competitors use, and analyze whether or not the selected strategies are‌‌‍‌‌‍‍‍‌‍‍‌‍‍‍‌‌‌‍ successful. Support your response. Additionally, perform an industry analysis for the CEO of your chosen company in order for him / her to develop strategy for the company. Next, evaluate the company’s current standing in this industry taking into account the company’s resources and capabilities. Lastly, propose at least three (3) performance goals for the company for the next one (1) and five (5) year period respectively. Provide a rationale for your response.

Application of management principles for creation of plans

Use at least three (3) quality references. Note: Wikipedia and also other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA format. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and also the reference page are not included in the required assignment page length. Case 13: Tesla Motors: Disrupting the Auto Industry The project contents will address the following materials: Deliverable 1: Strategy Development. In this deliverable, you will perform an industry analysis and also develop a strategy for the CEO of your chosen company to help shape the company’s future. Submission Requirements 3 page paper (MS Wo‌‌‍‌‌‍‍‍‌‍‍‌‍‍‍‌‌‌‍rd)