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Governmental Procurement Restrictions, Deficit Reductions, and the Sustainability of Alaska Native CorporationsFondren, Paul O. 01 January 2015 (has links)
Alaska Native Corporations (ANCs) came under political scrutiny in the United States in 2009 during a climate of economic recession and governmental spending reductions. Since then, ANCs have faced increased governmental regulations that immediately changed the ways that their leaders previously achieved growth and success. The purpose of this explanatory case study was to identify elements of ANC strategic plans that lead to success and growth when operationally implemented. The central research questions investigated what executable strategic plans ANC leaders need to ensure sustainable business growth and what practices have led to success and failures. Data were collected from interviews with 4 ANC executives, monthly marketing reports, division status reports, and corporate strategic plans. The analysis included examining word frequency and comparative phrases in the semistructured interviews. Interpretive-constructivist case study analysis and logical reasoning of coded data revealed 2 main themes. The first theme consisted of the essential elements of strategic plans: corporate analysis, market analysis, customer analysis, competitor analysis, and resource allocation. The second theme was the importance of strategic planning as a formalized process. Specific implications for positive social change include leaders of ANCs instituting a formalized planning process and incorporating each essential element into the strategic plan to achieve short-term success and long-term sustainability to provide for Native Alaskan Shareholders in perpetuity. Broader implications for positive social change include leaders of small or disadvantaged businesses gaining competitive advantages by incorporating the results of this study into their strategic planning practices.
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