For this assignment you must first select an actual company that employs a low-cost strategy. Options include: Aldi, Wal-Mart, Spirit Airlines, Motel 6, IKEA, Nucor Steel. Once you have selected the company this assignment involves two parts:
1. Objectives – Develop objectives that will help support the companies mission/vision as it relates to that particular area. There may be more than one in some areas. (FedEx example in the “business process perspective”: To deliver more FedEx basic ground delivery packages on time.)
2. Measures – Develop measures for each objective. (For the above FedEx example this would be % of basic ground packages delivered on time)
3. Targets – Develop Targets for each measure. (For the above FedEx example this might be to reach the following on-time delivery goals: FY 1– 96% on-time delivery, FY 2 96.5% on-time delivery, FY 99% on-time delivery)
4. Initiatives – Develop at least one real-world implementable initiatives for each objective that will help employees reach the targets and ultimately reach the objective, which ultimately makes the company live out its mission/vision. (For the above FedEx example this might be: Offer financial incentives of $100 bonuses to any delivery driver who delivers all packages on-time for an entire month.)
The purpose of this assignment is to demonstrate that you absorbed the knowledge presented in your text and can thoughtfully articulate and apply that knowledge. All answers should be in your own words and any use of specific language used in the text must be properly cited to avoid plagiarism.
30.0 to >24.0 pts (30pts total)
Answers or responses are accurate and complete and include personal anecdotes and evidence of deeper comprehension.