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Assignment 5Instructions:Note: Developing a strategic plan requires specific steps that need to be executed in a sequence. The assessments in this course are presented in order and should be completed in sequence.In the previous assessments, you have developed your mission statement, conducted a personal SWOT analysis and environmental scan, and laid out your long-term and short-term objectives. Now, you will create a strategic plan to achieve your objectives.Your completed Strategic Action Plan will be based on the information from your mission statement, your SWOT analysis, environmental scan, and your long-term and short-term plans; however, you do not need to include these items in this assessment.Develop a strategic action plan in which you address the following:•Specific steps you will need to take in the next year to achieve your 5-year objectives.•A time frame for completing each action.•The scorecard you will use to measure the success of each action.•The functional tactics you will use to achieve your short-term objectives.•The resources (financial, human, and other) you will use to complete each action.•An analysis of the monetary ramifications of each action.•A plan for monitoring the progress of the action plan.•A plan for handling obstacles or roadblocks.•An explanation of how your overall strategic plan reflects your mission statement.Guideline: To successfully complete this assessment, you may need to do some research on strategic action plans. Format this assessment as a research paper following current APA guidelines for both style and citing sources, making sure that you also use correct grammar and mechanics. There is no required minimum or maximum page length; however, you should strive to be as detailed as possible in addressing each bullet point, while also being as clear and concise as possible.
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