ABC’s Strategic Plan Assignment | Top Essay Writing

Answer the following question by identifying at least three decisions/actions that you, as the CEO, will take in order to overcome this unexpected reality.

Question: What would you do over the next remaining 8 periods in order to keep your team motivated and engaged with ABC’s strategic plan? Identify at least three actions, be specific.

It is the month of April and your CFO just told the CEO (you) that due to a sudden government agency shutdown your company (ABC Inc.) will no longer meet the year-end (YE) forecast. As of period 3 (March), your company was ahead of budget by 7% and now is forecasting to miss the YE budget between 10% – 20%. While this government contract was only one of ABC’s dozens of contracts, it represented 17% of ABC’s revenue and profit.

Needless to say, it was ABC’s portfolio jewel and everyone is understandably depressed over this unexpected termination.
Your site managers and regional executives are now facing the reality of missing out on their Annual Incentive Plan (AIP). The AIP is a self-funding program. This program becomes funded once the actual YE results reach 105% of the annual predetermined budget for revenues and profits. No payout is issued unless this requirement is met.

The maximum payout is 25% of each individual base salary. In recent years, the payout norm had been 23%. Based on April’s results (Pd. 4 of 12), the entire company will not be eligible to earn AIP incentives and yet you as the CEO need to keep your company (Over 70 site managers and 15 regional executives) focused on your strategic plan. Otherwise, YE results can deteriorate even further. Get Operations Management homework help today