NAIT Strategic PlanWeek 5 Individual Planning and Implementation Assignment STR/581 is to provide a strategic plan for the Northern Alberta Institute of Technology (NAIT). The document includes an implementation plan, strategic controls and contingency plans.Grand StrategyThe NAIT Grand Strategy, as recommended in the Fourth Individual Strategic Planning and Implementation Mission STR/581: Strategic Choice and evaluation, is to focus on product development. The products offered by NAIT are educational programs tailor-made to provide training to NAIT customers and students, to enable them to enter the industry with training that will allow them to thrive. The generic strategy supports this grand strategy. of differentiation and the value proposition of customer intimacy. To this end, NAIT intends to implement a strategic plan that will focus the organization's energies on developing and delivering innovative, world-class customized programs to prepare students for the demands of modern industry. Implementation Plan Once the organization's strategy is clear, the next step in the strategic plan is to begin implementing the plan. Implementation has five parts which include identifying short-term goals, initiating specific functional tactics, outsourcing non-core functions, communicating policies that will empower individuals in the organization, and an effective system of rewards. Objectives The objectives of an implementation plan are a redefinition of the long-term product development strategy into a series of short-term objectives which, over the coming year, will provide clarity on the long-term objectives ...... middle of document ...... in support of the grand strategy and then the development of short-term objectives which, in turn, support the long-term objectives. Change management in the form of a policy that empowers employees to make decisions regarding product development and ensures that decision-making direction aligns with overall strategy. The key success factors are maintaining high product quality, high performance and keeping up with what competitors are doing. The risk is quite low and manageable through practices that include ensuring that market needs and wants are met and that quality control is applied during program development and delivery. After implementation as presented in this document, NAIT will successfully implement the grand product development strategy. Successful implementation will strengthen NAIT's position as Western Canada's leading polytechnic.