STR 581 Implementation Plan

Topics: Management, Strategic management, Strategy Pages: 9 (1506 words) Published: May 11, 2015


Implementation, Strategic Controls, and Contingency Plans
STR 581
May 6, 2015

Implementation, Strategic Controls, and Contingency Plans
Dollar General is one of the United States leading small-box-retailer and has grown tremendously with over 75 years of retail experience. Adding continued success to the organization is imperative to incorporate an implementation, strategic controls, and contingency plans to add value and structure to the business. This paper is structured to suggest options for implementation and strategic controls plans of action for contingency plans. Include key success factors of budget, forecast financials, and a break-even chart. Also, included is a risk management and contingency plan for identified risk for the Dollar General Corporation. Implementation Plan

Objectives
“Strategic implementation is the action phase after the formulation of the strategy. Leader links the strategy to the practice and the personnel who are going to implement it by communicating effectively how the organization benefits from the implementation.” In my plan, I offer the introduction of a new exclusive product sports line by a designer of apparel and shoes. The main objectives are to incorporate broader business goals in the organization and to communicate with all levels of the organization the objectives are in line to better serve others as stated in the mission plan of the organization. The objectives are as follows:

(1) Incorporating a name brand sports designer in the new Maine store of the stores as part of the genetic strategy. (2) The store will be a focal point to the members and management for future presence in growth in the North East (3) Communicate with sales and marketing on the new exclusive product line (4) Forecast the performance of the new product line as value to the company (5) Monitor the function of overseeing financial operations in the finance department Functional Tactics

The goal of implementing functional tactics is to align tactics strategically to comply with companies mission. It includes implementing short-term strategies that will offer a gateway to the grand strategy of growth. The suggested strategy for this paper will be to implement perishable items in our new store in the state of Maine. The Maine store only offers home goods and refrigerated and frozen groceries. The Dollar General organization will use this store as the focal point for expanding in the Northeast and surveying other areas in the state for future grown. The organizations must fully support the strategy of the business for strategic goals, innovation, and growth. Consumers of Dollar General Stores most value the convenient location of the stores, product differentiation and offer a shopping experience with a large variety of merchandise. The specialty of the Dollar General store is the location and products offered customer base and atmosphere. It is important for the organization to contain an in-depth communication with stakeholders how the implementation of the new stores will add value and profit to the Dollar General Corporation. Ensure stakeholders understand the value at all levels to in investing in the strategy. The resources for the new implementation will benefit from equity from stores we plan to sell. The implementation strategy is not simply based on market conditions, for the market condition are flexible, but fundamental strategies to continue growth in the brand of Dollar General Stores. Action Items

The goal of the implementation is to launch a new sports product line and grow market share by 10% per year for the next five years. The product sports line expansion will be convenient since the average price of all the items will be priced range of $10 to $20. Also, the reputable brand and quality of the new product line will not lose focus of affordability for our customers. We will position the new line of apparel and shoes while...


References: Dollar General Stores (2013). Profile and Mission Retrieved from http://www.dollargeneral.com
Pearce, J. A. & Robinson, R. B. (2013). Strategic Management: Planning for Domestic and Global Competition (13th ed). New York, NY: McGraw Hill.
Author unknown, (2013) Leadership Role in Strategic Implementation: Pakistan & Gulf Economist, 32(50), 20-21. Retrieved from http://search.proquest.com/docview/1471980749?accountid=458
Adler, M. S. (2000). Avoiding the perils of imaging system implementations. Information Management Journal, 34(4), 4-22. Retrieved from http://search.proquest.com/docview/227755439?accountid=35812
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