Assignment Directions Part 1: Learning Organizations and Value Creation Review the 6 key elements of a learning organization (Ch. 11 of Strategic Management by Dess). Evaluate the extent to which—high, medium, or low—the Target Corporation, company you selected epitomizes each of the 6 elements. In 1-3 sentences, justify the rating you assigned to each key element with examples. Recommend at least 1 step the organization’s leaders could take to enhance 1 of the elements and explain how that could help the organization create more value. Cite references to support your assignment. Part 2: Strategic Recommendations Memo – Target Corporation Write a 4- to 6-page memo to the CEO of Target Corporation, the company you’ve been assessing throughout the course, outlining your plan to create economic, social, and environmental value. In your memo, include the following items: • An executive summary of the memo • A summary of the organization’s strengths and weaknesses from Competency 1 Assessment, Part 1, and recommendations for converting weaknesses into strengths • A summary of your findings on Porter’s five forces from Competency 2 Assessment, Part 1 • A summary of your findings on the diamond of national advantage from Competency 2 Assessment, Part 2 • A summary of your analysis of the firm as a learning organization from Part 1 of this assessment • Strategic recommendations based on your previous work in this course. Include the opportunity identified in Competency 1 Assessment, Part 2, the move into the country identified in Competency 2 Assessment, Part 2, and any recommended moves toward being a learning organization. Provide a rationale for each recommendation. Cite references to support your assignment.
Review the assessment via the Competency 3 – Overview and Assessment Information.
- Make sure you have addressed all the parts of the grading rubric.
You may use the format in the attached UOPX Business Memo Template as guide. Remember to include the required sections.
UOPX Business Memo Template.docxPart 1 note:
The 6 key elements of a learning organization:
1) Inspiring and motivating people with a mission or purpose
2) Developing leaders
3) Empowering employees
4) Accumulating and sharing internal knowledge
5) Gathering and integrating external information
6) Challenging the status quo and enabling creativity
The Latest version of Dress. (2021), only lists five Key Elements to Developing a Learning Organization (p. 342). It does not include Developing Leaders. Be sure to include this element.
Part 2 notes:
Write a memo to the CEO of the company you’ve been assessing throughout the course, outlining your plan to create economic, social, and environmental value. In your memo, include the following items:
- An executive summary of the memo that includes a description of he company and situates it in its sector.
- A summary of the organization’s strengths and weaknesses, and recommendations for converting weaknesses into strengths. What are the industry’s critical success factors?
- A summary of your findings on Porter’s Five Forces.
- A summary of your findings on the Diamond of National Advantage. Note: Be sure to Identify a country for the Diamond of National Advantage: You can only do this analysis by explaining the interaction between the company’s actions and abilities and the specific country’s attributes .
- A summary of your analysis of the firm as a learning organization. (part 1 needs to be summarized here.).
- Strategic recommendations based on your previous work in this course. Include all opportunities identified, the move into the country identified (identify the country and relate the company to the country), and any recommended moves toward being a learning organization. Provide a rationale for each recommendation.
Support your Statements. Make sure to include at least two independent reference and in-text citations in all your work.
Use APA format for in-text citations and references.