Assignment Content
Project plans outline the intended course of events; however, things don’t always happen as intended. Organizations need to consider risks and develop a contingency plan. This plan is typically presented to management.
Addthe following 2 columns to the project plan table you created inWk4 – Apply: Project Plan:
- Potential Risk Factors
- Contingency Plans
Based on your prior research,determinepotential risk factors for not meeting each of the project objectives.Developa contingency plan for each of the potential risks.Addthe potential risks and contingency plan to yourWk4 – Apply: Project Plan.
UseMicrosoft PowerPoint® ,Prezi® , or another softwaretocreatea 12-to14-slide executive presentation—withappropriate images and diagrams—thatsummarizes the following information:
- The organization’s information presented inWk1
- SWOT analysis and market trend research
- Project objectives
- How success will be measured
- The value this project will bring to the organization
- Project metrics
- Timelines
- Responsibleparties
- Potential risk factors
- Contingency plans
Includedetailed speaker notes within the presentation.Convertthe speaker notes to a Microsoft Word document and add it to the citations slide.
Note:
Review
the Strategic Management-8Most Popular Cases located in the Course Resources folder at the top of course.
Citeall sources according to APA guidelines.
Insert Title BUS/475 v10 Wk 1: Advanced Organizer BUS/475 v10 Page 2 of 3 Wk 1 Apply: Degree of Alignment Advanced Organizer Review the companies listed in the case studies portion of the textbook. Choose 1 of the companies to use for all weekly assessments. Complete the chart below with information provided in the textbook and other resources. Provide your analysis below the chart. Selected Organization:Netflix, Inc. Describe the organization in the follow chart: Element Description Mission Netflix Inc.’s corporate mission is “To entertain the world.” This mission statement is based on the nature of the company in providing on-demand movie streaming services. Vision Netflix Inc.’s corporate vision is “To continue being one of the leading firms of the internet entertainment era.” Values Netflix's core values comprise "judgment, communication, curiosity, courage, passion, selflessness, innovation, inclusion, integrity, and impact." Structure According to Anderson (2019), "Netflix Inc. has a U-form or unitary organizational structure that involves a hierarchy for maintaining executive control and direction throughout the organization." Netflix's corporate structure characteristics: 1. Functional groups for online and non-online operations 2. Geographical divisions for managing regional markets 3. Divisions fo various product types and operation types Culture Netflix, like many other companies, strives to be the best company in its industry. They also want to hire the best of the best. They value integrity, excellence, respect, inclusion, and collaboration. The Netflix culture emphasizes individual initiatives, the sharing of information, and focus on results rather than being constrained with processes. According to Netflix Culture (2020), "what is special about Netflix, though, is how much we: 1. Encourage independent decision-making by employees 2. Share information openly, broadly, and deliberately 3. Are extraordinarily candid with each other 4. Keep only our highly effective people 5. Avoid rules Our core philosophy is people over process. More specifically, we have great people working together as a dream team. With this approach, we are a more flexible, fun, stimulating, creative, collaborative, and successful organization." Analysis Based on your advanced organizer and further research, analyze the degree of alignment between what the organization is currently doing (actions) and its mission, vision, values, structure, and culture. Netflix Inc. is a significant competitor in the global media streaming industry. Netflix is continuing in the path of the mission and vision they set out to accomplish; they are entertaining the world. The company is conscious of its customer's needs and therefore incorporates dynamics in the entertainment industry to make themselves better and stand out amongst their competitors. Netflix is a global international company. Netflix makes content available to various different cultural backgrounds. Netflix has written commendable values for its employees. Their values are not only set to hold each person accountable for their actions but also to help them strive to do and be better. Communication is a fundamental value for Netflix; they believe in providing constant constructive feedback throughout the organization from the top level to the bottom and across. They believe that giving continuous feedback to colleagues builds trust, even when its uncomfortable to do so. At Netflix, they actively coach employees on how to give and receive feedback. Inspiring passion to others with your thirst for excellence. Netflix, through curiosity, to take risks is what has leveraged the company to make an impact in the entertainment industry on a global level. The structure of any organization is vital. Netflix’s goal is to continue to establish a structure that will guarantee future company success and minimize deficiencies. At Netflix, all the leading business executives directly report to the CEO. This type of structure reduces the number of issues going to top-level management. In conclusion, corporate culture is essential to the success of any company. The company’s culture, mission, vision, and values are what sets you apart from your competitors. At Netflix, their culture provides employees with autonomy, open communication with continuous feedback, a work environment that focuses on productivity and effectiveness. Employees are motivated to take a risk and deliver innovative ideas that help the company grow in a diverse global market. Netflix maintains a corporate culture that keeps its organization flexible, creative, and responsive to market and consumer demand. Citations Anderson, D. (2019). Netflix Inc.'s Organizational Structure & Its Strategic Implications. https://www.rancord.org/netflix-organizational-structure-design-organizational-chart-characteristics Farfan, B. (2019). Mission Statements of Technology Companies. https://www.thebalancesmb.com/tech-companies-mission-statements-4068549 Netflix Culture. (2020). https://jobs.netflix.com/culture Copyright 2019 by University of Phoenix. All rights reserved. Copyright 2019 by University of Phoenix. All rights reserved. Insert Title BUS/475v10 Project Plan BUS/475 v10 Page 2 of 2 Wk 4 – Apply: Project Plan Project Title: Netflix Expansion Opportunity Project Objectives: · Diversify the Netflix portfolio Operational Step Responsible Person Timeline Review areas that Netflix can expand into, to include possible acquisitions. Work with the Mergers and Acquisitions and Legal departments to determine if purchasing other streaming services with exclusive TV shows and movies is possible. Claudia (Mergers and Acquisitions Manager) with assistance from John (Marketing and Research Director) and Wendy (Legal Representative) 10/01 (4 weeks) Determine geographical areas that Netflix can expand into and offer streaming services John (Marketing and Research) 10/31 (2 weeks) Negotiate terms and conditions with cable companies and direct to home (DTH) services in international geographical areas that are new to Netflix Sarah (Sales Executive) 11/15 (5 weeks) Work with screenwriters to review original screenplays for all audiences (all demographics) to include the international audience. Paige (Head of Screenplay) 11/29 (2 weeks) · Increase profitability by adding subscribers Operational Step Responsible Person Timeline Purchase survey platforms to survey potential new subscribers. Find out how they prefer to watch movies. Do they prefer going out to the movie theater or staying home? What movies or shows would they like to see on Netflix? John (Marketing and Research Director) 10/01 (4 weeks) Share survey feedback with the Marketing and Research Team and Operations Team John (Marketing and Research Director) and Phil (Operations Director) 10/31 (2 weeks) After reviewing, analyzing, and discussing the potential new subscriber's survey, focus on the types of movies and shows that need to be added to lure new subscribers. Shows will be selected based on popularity. John (Marketing and Research Director) and Paige (Head of Screenplay) 11/15 (5 weeks) Work with the sales team to determine special 6-month special offers for new subscribers. Sarah (Sales Executive) 11/29 (2 weeks) · Increase subscribers by lowering subscription cost Operational Step Responsible Person Timeline Conduct a competitive analysis of all streaming services similar to Netflix to find out what they offer and their monthly subscription cost. Sarah (Sales Executive) 10/01 (4 weeks) Review the data from competitive analysis and determine the differences between what other streaming services and what Netflix offers and the difference in the monthly subscription cost. Create a strategic approaching, offering lower monthly subscription cost and still offer premium service above competition Sarah (Sales Executive) 10/31 (2 weeks) Share approach with Finance and Operations on the new strategy to reduce monthly subscription costs but not reducing revenue but increasing revenue. Sarah (Sales Executive), Eleanor (Finance), Phil (Operations Director) 11/15 (5 weeks) Negotiate special offers and subscriptions with all Cable and DTH (Direct to Home) Service Providers to provide to existing and new subscribers. Work with Advertising Manager and Social Media Manager to create a buzz in all media platforms to increase monthly subscriptions. Sarah (Sales Executive), Julie (Advertising Manager), and Caden (Social Media Manager). 11/29 (2 weeks) Copyright 2019 by University of Phoenix. All rights reserved. Copyright 2019 by University of Phoenix. All rights reserved. Assignment Content 1. Top of Form Project plans outline the intended course of events; however, things don’t always happen as intended. Organizations need to consider risks and develop a contingency plan. This plan is typically presented to management. Add the following 2 columns to the project plan table you created in Wk 4 – Apply: Project Plan: 1. Potential Risk Factors 2. Contingency Plans Based on your prior research, determine potential risk factors for not meeting each of the project objectives. Develop a contingency plan for each of the potential risks. Add the potential risks and contingency plan to your Wk 4 – Apply: Project Plan. Use Microsoft PowerPoint® , Prezi® , or another software to create a 12- to 14-slide executive presentation—with appropriate images and diagrams—that summarizes the following information: . The organization’s information presented in Wk 1 . SWOT analysis and market trend research . Project objectives . How success will be measured . The value this project will bring to the organization . Project metrics . Timelines . Responsible parties . Potential risk factors . Contingency plans Include detailed speaker notes within the presentation. Convert the speaker notes to a Microsoft Word document and add it to the citations slide. Note: Review the Strategic Management- 8 Most Popular Cases located in the Course Resources folder at the top of course. Cite all sources according to APA guidelines. Bottom of Form