BackgroundToolsCorp Corporation is a fictitious company that does not exist anywhere. For the purpose of this course, it is located it in Tennessee. As members of the senior management team of ToolsCorp Corporation, your group has been asked to prepare a neat and organized report for the Strategic Officers Steering Committee (SOS-C) of ToolsCorp Corporation. The purpose of this paper is to obtain permission from them to go forward with the next step (developing a full-blown business plan) for ToolsCorp’s strategic initiative to break into the global marketplace.Part to be completed¥ The one-year, five-year, and ten-year strategic objectives of the strategic initiatives presented as one strategic proposal for each time frame (3 strategic proposals in all), complete with implementation plans, potential ramifications, and feedback mechanisms¥ balance sheet¥ a general ledgerObjectiveThe Objective of the Unit 5 Group Project Assignment will involve the following the course outcomes and grading criteria with their respective percentages for the grading rubric:¥ Identify examples of good and bad business practices in the use of strategy design components (30%).¥ Research and discuss some of the changes occurring in the way that organizations structure themselves and their work (30%).¥ Develop plans to improve business operations (20%).Use effective communication techniques (20%).
 
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