Overview Though flexibility and adaptability are often required in today’s business world, organizations still require a roadmap...

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General Management

Overview
Though flexibility and adaptability are often required intoday’s business world, organizations still require a roadmap thatencompasses the parameters against which they will make managerialdecisions as well as the steps they plan to take to ensure they getfrom point A to point B. This assignment will ask you to develop a3-year strategic plan for an organization with which you areaffiliated. It could be your place of employment, a volunteerorganization, a sports team, a religious organization, or even yourchild’s day care facility. The assignment will ask you to developyour strategy in three phases: strategy formulation, strategyimplementation, and strategy evaluation.
Overall Instructions
This assignment is designed to expose you to the complexity of astrategic plan and the measures required for properly implementingand evaluating a plan. It will allow you to:
1.Expand your knowledge of strategic planning within anorganization.
2.Develop your ability to use strategic planning tools.
3.Contribute to your ability to assess the strategic directionsand plans for an organization with which you are affiliated.
4.Create a fully implementable strategic plan.
The assignment will be submitted in four parts throughout thesemester. The staged approach is designed to allow you to submitdrafts of the three main areas of the project so that earlyfeedback can be incorporated into your final project submission atthe end of the course.
Instructions
Prepare a draft document for review by your professor thatincludes the following:
Analysis of current vision/mission and proposal for updatedvision/mission.
External Factor Evaluation Matrix and Porter’s 5-ForcesAnalysis.
Internal Factor Evaluation Matrix.
SWOT Matrix.
BCG Matrix.
Strategic direction choice and rationalization – choose one (ortwo) of the strategic directions as defined in Chapter 5 that youfeel will be best for your organization to pursue in the coming 3years, and develop a rationalization for this choice. Ensure thatthe choice is driven by the matrices developed above.

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Introduction and Background of the company The company discussed in the case is Saudi Aramco They are a world leader in exporting crude oil and natural gas liquids They have a well setup supply chain with has used latest technologies in reengineering the value chain for creating better supplier and customer experiences and optimize their own performance The major products sold by Saudi Aramco are Oil Gas Refined chemicals base oils and converge They produce 5 variants of oil as per the market need Natural gas is another major component provided by them and during the production of natural gas ethane natural gas liquids and condensate are obtained as byproduct which are sold as feedstock to other major petrochemical companies The refined products include LPG Naptha gasoline jet fuel diesel etc Apart from this they also produce aromatics olefin and synthetic rubber among host of other chemical products Vision Statement The vision statement of Aramco is to be the worlds leading integrated energy and chemicals company focused on maximizing income and helping in increasing the kingdoms economy The current vision statement clearly shows the intention the leadership team is having towards See Answer

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