...DESCRIPTION This course focuses on creating the value proposition as a driver of sustainable competitive advantage. Topics include translating key emerging trends into business opportunities; strategic challenges of global expansion; opportunities and constraints posed by regulatory change; competitor intelligence; scenario planning/planning for multiple futures; maximizing core business value; differentiating the value proposition; distribution channel development and integration; tailoring the value chain; building successful strategic alliances; and off-shoring models and approaches. Week 1 - Topic 1: Mission, Vision, and Values Objectives Distinguish between strategy and tactics. Explain the essential components of the strategic management process. Analyze the relationship among leadership, culture, stakeholder interests, and strategic outcomes. Create vision, mission, and values statements. Materials MIND MAP Mind Map Concept Outline EBOOK EBOOK COLLECTION: Chapter 1 - Pearce & Robinson. (2005). Strategic management (9th ed.). New York: McGraw-Hill. EBOOK COLLECTION: Chapter 2 - Pearce & Robinson. (2005). Strategic management (9th ed.). New York: McGraw-Hill. EBOOK COLLECTION: Chapter 10 - Pearce & Robinson. (2005). Strategic management (9th ed.). New York: McGraw-Hill. ARTICLES ARTICLE: Required Articles for Week One Assessment Mission, Vision, and Values Paper Submit a 700-word to 1,050-word...
Words: 1984 - Pages: 8
...walmart strategic plan × Advanced search Page 3 of about 476,000 results (0.10 seconds) Everything Images Videos News Shopping More Cambridge, MA Change location Search Options All results Related searches More search tools Search Results Strategic Planning Thoughts: Why Wal-Mart is not invincible simplifiedstrategicplanning.blogspot.com/.../why-wal-mart-is-not-in... - CachedFeb 7, 2011 – Labels: business strategic planning, commodity strategy, dollar stores, economics and strategy, retail strategy, Wal-Mart ... ► Wal Mart Hypothetical Strategic Marketing Plan - Daniel Millsap danielmillsap.com/.../wal-mart-hypothetical-strategic-marketing-pla... - CachedThe following is a hypothetical strategic marketing plan written from the point of view of executive management at Wal Mart. 60 Free Essays on Walmart Strategic Plan - AllFreeEssays.com www.allfreeessays.com/topics/walmart-strategic-plan/0 - CachedCheck out our top Free Essays on Walmart Strategic Plan to help you write your own Essay. walmart strategic plan - eBook Downloads www.bitlib.net/ebook/walmart+strategic+plan/ - Cachedwalmart strategic plan pdf, walmart strategic plan ebook, walmart strategic plan downloads. Strategic Vision www.au.af.mil/au/awc/awcgate/ndu/strat-ldr-dm/pt4ch18.html - CachedThat's where a strategic plan, discussed later in the chapter, comes in. .... Wal-Mart is very clear about their vision, and has focused on specific areas ... Sudden Impact | Wal-Mart's new strategic plan...
Words: 468 - Pages: 2
...this presentation is to convey the importance and purpose of managerial accounting, how the managerial accountants support the strategic decisions, ways strategies can be implemented by management and strategy implementation steps that managers can take. As the Board of Directors you will be charged with interpretation of information provided by the accountants. As a board using the financial and managerial accountants’ reports and feedback will assist with the planning and execution of decision that will strategically allow all employees from management down to the front line to operate efficiently. The purpose of managerial accounting is to take historical information, such as financial statements, budgets and operations reports to create a plan focus inwardly within the company. Managerial accounting is a system of providing and measuring financial and operational information. The system is designed to motivate behaviors, guides managerial action, and support and create necessary cultural values needed to achieve an organization’s strategic objectives (Geense, 2005). Managerial accounting is comprised of 4 ideas that are the key to its definition. The ideas capture the purpose, scope, attributes and nature of managerial accounting. Cost and operational information, including some financial information define the scope. Reaching the key strategic objectives is managerial accounting's purpose. Managerial accounting by nature is a measurement process. The best managerial...
Words: 831 - Pages: 4
...Strategic Planning and the Nursing Process In any healthcare organization, the nursing process works hand in hand with the strategic planning procedure. Nurses are therefore required to be involved in the strategic planning process. The two processes are rather similar. Strategic planning is the process the organization uses to define its direction and make decisions allocating its resources, whereas, the nursing process is a 5 step method used by nurses to ensure the quality of patient care. These processes require the use of informatics as an instrument to achieve the goals of the organization. Strategic Planning and Nursing Process Strategic planning is used to ensure that both short and long term goals of the organization are in tune with the mission of the organization and to ensure that the goals are achievable. The steps of strategic planning are: identification of goals, assessing external and internal environments, analysis of collected data, identification of potential solutions, choosing next steps, implementation of actions, and ongoing evaluation in the perspective of bench marks (Hebda & Czar, 2013). Informatics is an important part of strategic planning and helps to guide the direction and execute the goals set by the organization. Similar to strategic planning, the nursing process is used to administer patient care in a manner that is goal targeted and methodical. Although the five step process of assessment, diagnosis, planning, implementation and evaluation...
Words: 716 - Pages: 3
...Company Notes * Cangos an online entertainment Co. focused on selling music and books * Considering branching into online gaming and ebooks * Liz paasion is reading and musc * its operations to include CDs, DVDs, and audio and video tapes * Goal is set on the Internet entertainment market * CanGo IPO Raises $130 Million in IPO * CanGo is an online business that e-tails books, music, and movies (CEO) * CanGo purchased Webjouster, a company whose specialty is online gaming * Though the company has had a meteoric rise in the e-commerce world and a very successful IPO last spring, its recent advance into online gaming has not generated the level of profits anticipated * We target customers who enjoy the latest in online entertainment and games with the majority of our customers being Gen-Xers and Gen-Yers Strategic Management Process * Formulating company vision and mission statements (A mission statement defines why the organization exists and what it does. A vision statement describes the organization's vision of its future.) * Conducting a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis to assess the company's internal and external environment. * Making a strategic choice-identifying the most desirable options given the company's SWOT and mission and selecting long-term goals and grand strategies that would achieve those goals. * Implementing the plan through the development of short-term goals and tactics...
Words: 783 - Pages: 4
...Book: Be Different or Be Dead by Roy Osing ISBN: 9781626753150 http://www.amazon.com/dp/1894694694/?tag=sounexecbooks-20 This book is an A to Z business strategy guide, including how to create strategic game plan, elements of execution and staying alive in the competition. Author basically has 2 main objectives for readers to reach. The first is to provide a guide for the execution journey and provide a process to follow. One of the lesson I learned from that is, If you commit to the process, It will deliver executional competency to you in your business life even individually. The second is give more information about the conversation about strategic planning. Just from a different point of view by not completely destroying the traditional planning model, main purpose is to shift the balance between where you or your company want to go, and how you intend to get there. I learned a lot more how to create a strategic game plan. Author lists the possible issues you may be facing, and gives keywords for fast implementation. He also states that focusing the critical elements of execution and keeping all these things easy, play an important role for your act. In addition to that author encourages readers to user their leadership intelligent. Author also lists the questions that we need to ask during the journey, and we have to keep these answers always updated along the way: How big you want to be, how do you want to serve and how will you compete to win. Deciding how big you...
Words: 827 - Pages: 4
...Business Model and Strategic Plan Part 1 Dusty Meins BUS/475 April 27, 2015 Joseph Ellington Business Model and Strategic Plan Part 1 Strategic planning helps an organization set the path it wants to take, as well as, defining their place in the business world. The vision and mission statements help an organization to define who they are, what they do, and where the want to go in business (Pearce & Robinson, 2013). The values of a company are also very important when developing a strategic plan. This sets the standard for the company’s priorities. NBTY, Inc. is a health and wellness company that supplies vitamins and nutritional supplements, both online and in stores. The company has decided to open a new division. Before beginning, NBTY, Inc. will need to develop a strategic plan beginning with the vision, mission, and values statements, determine how the new division will affect customer needs and give the company a competitive advantage, and then create a business model. Vision, mission, and values “Become and be recognized as the global leader in wellness products, providing our customers with brands that are loved and trusted by consumers and are winning value-creators in their industry” (NBTY.com, 2015. para.1). This is the vision statement for NBTY, Inc. Vision statements help a company show what the organizations purpose is within in the origination itself, as well as, the community. This statement sets the core vision and a guidance for NBTY, Inc. for...
Words: 1297 - Pages: 6
...Conceptualizing a Business Candice Butler BUS/475 April 7, 2012 Conceptualizing a Business An individual has to develop a strategic plan that clearly defines the vision, missions, and goals of the business. Individuals also have to develop a strategic management. Pearce and Robinson (2009) stated, “Strategic management is defined as the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives” (p. 3). In developing my business vision, mission, and values, I have to develop a strategic plan. Business, Products or Services, and Customers: Mission Statement Precious Memories is a scrapbook company in Baton Rouge, Louisiana, that provides classes, supplies, and invitation/stationery sales to customers. Precious Memories has to provide a mission statement for the company. A mission statement is a description of the purpose of the business. Here at Precious Memories we are devoted to help people preserve the memories of their lives. Precious Memories tells a story by creating a picture album. Our business will bring people together to mingle and celebrate their memories. Scrapbooking will help people and customers express themselves through lasting keepsakes of the people, places, and things they love. Precious Memories strive to teach the importance of preserving the past and inspiring the present. Precious Memories want to modernize the photo album by teaching people how to preserve memories...
Words: 730 - Pages: 3
...Strategic Management Process Paper Miguel Valdez MGT/498 August 17, 2015 Paul Kramer Strategic Management Process Paper Describe the primary components of a strategic management process, and indicate why a strategic management process is needed for a company. Strategic Management is a set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning, strategy formulation, strategy implementation, and evaluation and control. The study of strategic management, therefore, emphasizes the monitoring and evaluating of external opportunities and threats in light of a corporation’s strengths and weaknesses. Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation. Its purpose is to identify strategic factors those external and internal elements that will determine the future of the corporation. The simplest way to conduct environmental scanning is through SWOT analysis. Which, SWOT is an acronym used to describe the Strengths, Weaknesses, Opportunities, and Threats, that are strategic factors for a specific company. The external environment consists of variables that are outside the organization and not typically within the short-run control of top management. These variables form the context within which the corporation exists. However, the internal environment of a corporation consists...
Words: 1066 - Pages: 5
...1) Explain the planning process and state importance of SWOT analysis? b) What are the limitations of Planning? How planning can be effective? This TQM article provides an insight of a typical Strategic Planning Process that was used in several organizations and proven to be very practical in implementation. the key processes of this typical Strategic Planning Process are lined up into 7 steps. Detail of each steps are illustrated below:- Step 1 - Review or develop Vision & Mission Able to obtain first hand information from various stakeholders (Shareholders, customers, employee, suppliers communities etc). You may use templates to evaluate how the stakeholders think about your organization. To find out whether their action are aligned with the organization's objectives. To review or develop company's Vision and Mission with the involvement of other stakeholders to ensure it is still current with the business changes and new challenges. Also use this session as a mean for communication. Step 2 - Business and operation analysis (SWOT Analysis etc) One of the key consideration of strategic planning is to understand internal (own organization) Strengths and Weaknesses as well as external Threats and Opportunities. These are commonly known as the four factors of a S.W.O.T. analysis. Involvement from various stakeholders to provide their points of view about your organization is key. In the process, you will gain better buy-in from these implementers of strategies...
Words: 2871 - Pages: 12
...MODULE 2 FINAL PROJECT BUNGE LIMITED – COMPANY’S GOAL AND STRATEGY ADOPTED TO ACHIEVE IT. INTRODUCTION A strategic approach in establishing a competitive advantage and sustainable market dominance is always the target of most businesses. Chopra & Meindl (2007, pp.37) stated that: “A company’s competitive strategy defines, relative to its competitors, the set of customer needs that it seeks to satisfy through its products and services”. Bunge has been in existence for nearly two (2) centuries, remained competitive and has grown their businesses from a private enterprise found by a German merchant, Johann Peter Bunge, to a world class firm that is quoted in New York Stock Exchange (NYSE). On its inception at Amsterdam, the firm was involved in grains merchandising and importation from the then Dutch colonies until 1859 when it relocated to Antwerp to become one of the global recognised company in commodity trading; with several operations and businesses in the North and South Americas with distribution capabilities that is spread across the world, Bunge identified facilities as a key driver of supply chain performance as it affects responsiveness and efficiency in market environment (Chopra & Meindl, pp. 64). As the company positioned to become the largest oilseed-processing firm in the globe through acquisition of Cereol in July, 2002; it was faced with the integration of Cereol into Bunge’s business and organizational model, and the dilemma of decentralization of its...
Words: 2365 - Pages: 10
...Strategic Plan, Part I For a company to be successful it is important to have a good strategic plan. A strategic plan will define the vision, mission, and values of a company. The strategic plan will guide the company into a direction that will set them apart from other competitors (Pearce & Robinson, 2009). This paper will define the business product and services of Simply Sweet Bakery and its customers by stating Simply Sweet Bakery's mission statement. Simply Sweet Bakery's vision will clearly demonstrate what the business will want to become as well as defining the guiding principles and values. An analysis will be done regarding how vision, mission, and values guide Simply Sweet Bakery's strategic planning. Finally an evaluation will be done on how Simply Sweet Bakery addresses customers needs and critiques as well as how the company will achieve a competitive advantage. Mission Statement Simply Sweet Bakery is a bakery located in the center of an outdoor shopping center. The products and services Simply Sweet Bakery offers varies. Product wise Simply Sweet Bakery offers different types of desserts from simple breads to array of exotic desserts. Simply Sweet Bakery allows the customers to eat at the bakery in the dining area or the patio area. Customers can also order and take home their favorite desserts. When customers eat in they are able to view the bakers making the desserts. Customers can give input and offer some creative ideas to the bakers. Simply...
Words: 1131 - Pages: 5
...and girls club defines a roadmap for community centers and nonprofit programs that centers on young people. Thousands of boys and girls are built around the world ranging from many sizes but are important to many individuals in life. This paper will be explaining the importance of Greater Heights Boys and Girls Club vision, mission, and values that are established toward our strategic direction. The business will be defined, a vision will be established, values will be defined, strategic directions will be analyzed, and addressing customers’ needs and how it will achieve an advantage will be evaluated. If an organization wants to establish itself at the highest level it is important to formalized a strategic plan because it can be the key to providing a direction and focus for success. Defining the Business ‘A company’s philosophy, often referred to as company creed, usually accompanies or appears within the mission statement” (Pearce & Robinson, Chapter Company Philosophy, 2009). “Mission statements specify the beliefs, values, aspirations, and philosophical priorities to which strategic decision makers are committed in managing the company” (Pearce & Robinson, Chapter Company Philosophy, 2009). Greater Heights Boys and Girls Club will be a positive experience for all young people around the community. As an organization we want to provide as many young children as we can a positive and safe environment to enhance their learning experience, have fun, and grow...
Words: 1438 - Pages: 6
...ANALYSIS...............................................................................................................7 Financial Strategic Recommendations...............................................................................8 MARKET ANALYSIS...................................................................................................................9 Market Strategic Recommendations................................................................................10 STRATEGIC PLANNING...........................................................................................................11 Planning Strategic Recommendations.............................................................................11 COMPETITIVE ANALYSIS.......................................................................................................13 Competitive Strategic Recommendations.......................................................................14 HUMAN RESOURCES...............................................................................................................15 Human Resources Strategic Recommendations..............................................................16 LEGAL ANALYSIS....................................................................................................................17 Legal Strategic...
Words: 5723 - Pages: 23
...School of Policy, Planning and Development University of Southern California PPD 515: Strategic Management of Healthcare Organizations Intensive Semester |Session I: June 5 through 8, 2008 |Time: 8:30 AM to 4:30 PM | |Session II: June 23 and 24, 2008 | | |Session III: July 14 and 15, 2008 | | Professor: Robert C. Myrtle, D.P.A. Office Phone: (213) 740-0378 FAX: (562) 439-2250 Home Phone: (562) 438-4359 E-Mail: myrtle@usc.edu Office Hours: By Appointment Only Office Location: Lewis Hall 301e Course Description Application of principles of health administration in several practice settings. Decision making, strategic management, organizational performance, communication, and provider comparisons. Introduction This course is designed to be the capstone course for the Master of Health Services Administration degree. It assumes that the student is in the final semester of graduate work and has successfully completed course work in health issues and policy, health economics, financial management, organizational behavior, quantitative analysis, and health law. The title of the course and its description has been instrumental in shaping the focus of this course and the material...
Words: 5375 - Pages: 22
