Developing and Leading Strategy

This assignment is based on the SPOT framework (Situation, Problem, Opportunity, Tactic).

In this reflection paper (and in your reflections for each core MBA course), you will identify a situation, problem, or opportunity related to your work with the Audio Partners case. Once identified, you will then recommend a tactic to address the situation, problem, or opportunity. At this stage in the program, you may not yet have an appropriate tactic to fix or address the issue but don’t let that stop you from pointing it out. As you progress through the program you may eventually find the right tactic to address it.

Here are definitions that can help you with the differences between situations, problems, and opportunities:

• Situation: a state of affairs that cannot be defined immediately as either good or bad but requires attention
• Problem: a matter or situation regarded as requiring immediate attention as it is unwelcome and will cause harm if not dealt with.
• Opportunity: a set of circumstances that make it possible to do something
• For this reflection paper a Tactic is defined as an action or strategy planned to achieve a desired end.

As you read the story, it will become clear that the founders need competent business advice to transform their concept from an idea into a viable business plan—one with a high likelihood of operational viability, attractiveness to investors, and sustainable competitive success. You are to be that advisor.

Instructions

Please use the attached document and provide an introduction and conclusion as well as three credible sources and no AI content. The topics to base the paper on are below.

1. People and teams (finding the right person for the job, best practices in building an effective team, and social and emotional intelligence) 2. Communication and Developing Critical Thinking Skills 3. Decision-Making Tools 4. Strategic Planning Process 5. External Tools in Strategic Planning 6. Strategic Planning Process 7. Selecting and Implementing Strategy 8. Implementation Goals and Policies List at least two situations, two problems and two opportunities