MGT 411 Week 5 Innovative Thinking in a Business Theory-Based Strategic Experiment Powerpoint Presentation

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Create a 7- to 10-slide Microsoft® PowerPoint® presentation, with detailed slide notes, on your strategic experiment. Incorporate the following into your presentation:  Present two innovative ways to solve the problem.

Address the following six changes involved with theory-based planning in your process and presentation:

Level of detail: Focus on the most critical market, technology, and unknown costs.

Communication of expectations: Base your predictions on theory and include a description of the theory used to generate your predictions.

Nature of predictions: Predict the trends, rather than the specific numbers.

Frequency of strategic reviews: Set a strategic review schedule.

Perspective in time: Consider the history of the organization when devising the experiment. Focus on long-term history, rather than just recent changes in the organization. Use information available through the virtual organization to gain insight on the historical background of the organization. Some examples of helpful documentation are a strategic plan, company history, employee handbook, sales plan, or internal memos.

Nature of measures: focus on leading indicators  Based on your theory-based planning, state what other factors need to be analyzed and what other steps must be completed to determine the best solution for the organization.

Include three to four scholarly references.

MGT 411 Week 5 Innovative Thinking in a Business Theory-Based Strategic Experiment Powerpoint Presentation

Innovative Thinking in a Business: Theory-Based Strategic Experiment
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Issue Analysis- Rising Food CostsRise in food productionDecrease in mid-year revenueNegative Impact on over-all budget
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Proposed SolutionsPropose fix rate for raw goodsoAllows more control over spendingoEliminates unexpected costs spikesDevelop a new line of productsoNew target audienceoSupplemental funding source
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The Level of Detail Increase Loyalty and Profitability of Consumers Advertising Forecasting
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More Levels of DetailMerchandise selection and pricingIncreased efficiencyReduced cost Meeting customer expectations
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Forecasting Price increase for whole grainoDrought conditionsoWheat bread now leads white in salesDemand rise for seafoodoDiet consciousoPopularity of sushi
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The Nature of PredictionsProtect Profit MarginsBudget for the future more effectiv,……………;

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