...|Running Head: |Final Strategic Plan | Final Strategic Plan University of Phoenix Prospect Snowboards aims to be a small local snowboard company focused on designing and manufacturing one of a kind snowboards from sustainable resources. It will attempt when possible to us all local sustainably produced resources in the production of its snowboards and will also source local artists to design the graphics for the top-sheets. Prospect also plans to collaborate with local professional and semi-professional riders to design the boards so that Prospect is able to provide a variety of different snowboards to cater to the different needs of every type of rider. It will offer a range of snowboards that can be used for freestyle, park, big mountain, and backcountry riding. In order to begin this business a strategic plan is necessary in order to provide a strategic framework. This framework consists of the following elements: a vision for the future, a mission that defines what the organization plans on doing, values that shape the organization’s actions, strategies that define the key success approaches, and goal and action plans that will guide the daily, weekly, and monthly actions of the organization (Heathfield, 2011). It is important that Prospect conducts business according to its mission, vision, and core values in order to be successful and differentiate itself...
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...Final Strategic Plan Bus/475 09/19/11 Matthew Nosbisch Introduction Effective cross-functional teaming is vital to the success of a company. Successful companies possess common traits in how its employees execute on tactics. A common trait employees at properious companies have is the ability to collaborate and work well with other employees in different departments that they rely upon for support or assistance to complete a common goal or objective. “Functional tactics are the key, routine activities that must be undertaken in each functional area—marketing, finance, production/operations, R&D, and human resource management—to provide the business’s products and services” (Pearce & Robinson, 2009, p. 309, para 4). Functional managers who provide clear functional tactics enable their employees. Clear functional tactics and direction enable employees to understand what they need to do in their day-to-day work and thereby strengthens accountability. In a present scenario, strategic direction plays a vital role in the overall success or failure of a business organization (Joyce & Woods, 2001). Key strategic elements guide the strategic direction of the organization. Alignment between strategic direction and business activities is essential to ensure the attainment of vision and mission. Strategic Objective According to the vision and mission of Mapua (spring) water company, the main objective of the company is to gain highest shares of the market by providing...
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...Final Strategic Plan Bus/475 Integrated Business Topic Final Strategic Plan The strategic objective of Dunkin Donuts is to constantly fuel the growth of the franchise by continually trying to engage and attract potential new customers – while keeping current customers loyal. To meet these strategic objectives, Dunking Donuts must compile date and complete a balanced scorecard. According to Pearce and Robison (2009), a balanced scorecard measures a company’s financial performance, customer knowledge, internal business processes, learning, and growth to strategize to plan to meet company goals. The date compiled will be analyzed to measure process performance, productivity improvements, operations metric, employee satisfaction, employee turnover and retention, evaluate the level of organizational capacity, discover the nature of the organizational culture, and research the technological innovation of the company. Process or Internal Operations Perspective 1. Measure of process performance. A. Measure every employees’ performance including store managers and supervisors B. Look at the least productive stores and compare them to more profitable stores. Observe what the least productive store may be doing different from the more productive store. Implement those differences and observe if they work to better the store. C. The productive stores should be analyzed to determine where deficiencies lie and fix it. D. Observe how the current process can be made better...
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...Final Strategic Plan Richard Pitcher BUS/475 May 12, 2014 Ryan Simpson Final Strategic Plan Strategic Plan, Part I: Conceptualizing a Business Anyone who wishes to go into business or who is already in business should have some type of strategic plan in place so that their company could gain success. A strategic business plan helps a company to define its mission, and vision, giving the company a sense of purpose and direction that sets it apart from competitors (Pearce & Robinson, 2009).Part 1 of the strategic plan that will be worked on over the remainder of this course will outline critical information needed for this plan. The mission statement will define the chosen business which is a startup restaurant called Mom’s Kitchen, its products, service and customers. The vision statement will show the strategic intent which shows where the organization expects to be in the future and how it will use its energies and resources to get there. This paper will analyze how the mission, vision, and values which guide the direction Mom’s Kitchen will follow and how Mom’s Kitchen addresses customer needs and what advantage they can achieve over their competition. Define the Business, product and mission statement The business I chose as a startup business is a restaurant, called Mom’s Kitchen. The mission statement for Mom’s Kitchen is “to provide our customers with a homemade meal like mom would have made using the freshest ingredients at a valued price” Because there...
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...Final Strategic Plan Bus/475 March 11, 2012 In today’s vigorous industry environment, establishments have to progress strategic strategies to gain an economic benefit. Forecasting is a vigorous purpose of operating an effective company that coincides with a company’s mission, vision, and values. Of these components expose the objectives, long-term goals, and reasoning for its activities. These components create the framework that plans the path of the businesses future. The following information will provide points by constructing a vision, mission, and values for Speedway LLC organization. Vision Speedway LLC is to become the customers’ first choice for value and convenience. This company strives to produce a welcoming atmosphere with the intent of providing the best service and products for the customers. The fundamentals of this vision are to accomplish tasks for a long-term framework with the goal of accumulating shareholder significance and to give back to the community. Mission Speedway LLC focus is to indulge customers. Their mission is to provide transportation fuels and convenience store merchandise to the motoring public. Speedway caters to customers’ needs by presenting products at reasonable prices. Speedway seeks to produce a welcoming environment, which make the consumers daily lives a focus. Achieving this task is by employing educated personnel committed to understanding our customers...
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...Final Strategic Plan The recording industry, as it exists today, is witnessing reduced profits and high barriers in place for new artists. These barriers occur due to the diminishing profit margins and record labels cautious decisions on offering new contracts to artists. The organization that I will be starting is a digital recording and music distribution company. The company will offer recording facilities and internet distribution at a reduced price to new and existing artists. The recording facilities will provide state of the art equipment, professional staff, and worldwide distribution. The company will rely on the use of strategic management and planning. Strategic management is defined as “development of corporate strategy, and the management of an organization according to that strategy. Strategic management focuses on achieving and maintaining a strong competitive advantage” (CBS Interactive Inc., para. 1, 2009). To put it simply, strategic management is focused on creating a solid framework in which individuals and departments within the business will operate at the highest level possible. This type of management is critical to the long term success of a business or firm due to the reliance on strategic planning. According to InvesterWords.com (2009), strategic planning is defined as “The process of determining a company's long-term goals and then identifying the best approach for achieving those goals” (strategic planning, para. 1). Strategic planning...
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...Final Strategic Plan BUS/475 July 30, 2012 The second part of the proposed athletic apparel company will consist of a SWOTT analysis. SWOTT is an acronym for strengths, weaknesses, opportunities, threats and trends. One of the strengths for JC's athletic apparel is location, location, location. South Texas, particularly Corpus Christi Texas, is currently a hot bed for all kinds of sports and prospective customers are all over the place. Customers range from toddlers all the way to high school aged athletes, not to mention the older fans and supporters that will no doubt purchase apparel to support the team. It has been said to strike while the iron is hot and now is the time for JC's to take off and attack the market. Strength for the company is the demand for professional grade athletic apparel here in the coastal bend. Many customers have been forced to either make bulk purchases online and pay an arm and leg in shipping or travel to another town in order to find reasonable quality athletic gear. Unfortunately with strengths there are also weaknesses. Although there is a high demand in the city for athletic apparel it is a particularly small city and additional businesses in the same market could cause saturation of the market which could decrease demands and force us to lower prices. JC's prices could be perceived as another weakness since we have chosen to remain steadfast in not lowering our prices in an effort to provide continued...
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...Final Strategic Plan Many organizations try to cater to one aspect of a family like the children, parents, husband, or wife, depending on the product sold. It is not very often that an organization will attract an entire family. The company can be successful if the product marketed meets the needs of each member of the family. It can be difficult to identify a product that the entire family would like. This organization is named, “Family Activities Incorporated.” Family Activities Inc., is designed as a playful environment for the entire family. It includes video games, go-karts, inflatable play area for the younger patrons, a multi-media area with multiple televisions for sports entertainment and a snack shop. This is a one stop shop for a family’s entertainment needs. Families seem to live fast-paced lives because of the children’s activities such as sports, dance, drama, and along with other activities. The Family Activities center will be a place that will have an inviting atmosphere. The employees will make everyone think they are part of the family. Families will want to return to enjoy the activities for a reasonable cost. To achieve the environment for a family to partake in the organization and continue to return several items need to be taken into consideration. Those items consist of the mission and vision statements, the guiding principles, strategic direction, customer needs, technology, competitive analysis, opportunities, supply chain, financial...
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...Final Strategic Plan and Presentation Name University of Phoenix Bus/475 Instructor April 22, 2011 Business planning requires strategic planning that will help the organization become successful. Strategic elements map out the direction of business planning mode (Pearce & Robinson 2009). An alignment between strategic direction and business activities are determining factors of a business organization success or failure. I have selected a Christian Internet/Cafe organization to develop as a strategic plan. This plan will include my mission and vision guiding principles. Mission Statement The goal in a mission statement is define the strategic planning of a company. The company mission statement describes “the company’s product, market, and technological areas of emphasis in a way that reflects the values and priorities of the strategic decision maker (Pearce & Robinson, 2009 p. 12). The mission statement says who we are and what we do. In the Christian Internet/Café organization the mission is to have customers of all ages enjoy coffee, food and purchase religious supplies and books and share the internet experience in a comfortable environment. The organization will be a place that is unique, upscale, and customers can be a part of innovative experience. Vision Statement The vision statement for my business is to become a market leader through differentiation of the internet/café. The aspiration is...
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...Final Strategic Plan and Presentation University of Phoenix Integrated Business Topics BUS475 Final Strategic Plan and Presentation For the past year, Grace and Joy have gathered information to start up their group home. Information they have collected include strategic management and planning guidelines, writing the mission and vision statements, compiling a SWOT analysis, implementing a Balanced Scorecard (BSC) to track and measure their performances, and developing measures and objectives in the learning and growth perspective. This information is important to gather and understand when opening up a new business. This paper discusses the information collected for LYLA and the hypothesis of the finalization of LYLA. Importance of Strategic Planning and Management Introduction to LYLA Two friends, Grace and Joy, met at a church function. During this function, they were able to get to know each other and learned they had something in common. Both have been considering opening a foster care type home for young women. They began to meet once a week to discuss how they could start this program. After a few weeks, they named their organization LYLA, which stands for Loving Young Ladies into Adulthood. Group Home The main goal set for the group home, is to help young women, between 14-21 years of age, become self sufficient. After discussing plans with their church and the Department of Human Services, they realized there would be more to consider than they...
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...Final Business Model and Strategic Plan Bus/475 July, 11th 2015 Strategic Plan, Part 1: Conceptualizing a Business Introduction The sought after products Ingram offers such computers, software, storage devices and so on will give in such a way that the consumer will report nothing but positive feedback. This is a company that strives to provide the most outstanding services and leads the completion by far. They offer services such as financial planning initiatives for corporation seeking to improve their corporation. These services not only provide a way to improve your business but it provides the technology that by far exceeds the leading corporations that offer these services. The idea of offering warranties for the devices they sell opens a whole new dimension that involves reshaping the company to allow for the growth and become the industry’s leading sought after company for the services they provide. The new offer for technical support which provides online chat and remote assistance with problems people experience will allow for the company to improve on company’s morale and dedication. This will allow for customers to seek advice for their purchased products and allow the new desire for other products that are available. If the customer is satisfied they will be a good referring agent and continue to add to the growth of the company. These steps will allow for the desired planning strategies to be put into place and result in the desired outcome in the...
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...Strategic Plan and Presentation STR/581 Strategic Plan and Presentation Contents Company Overview 2 Background 2 Company Structure 3 Environmental Scan 5 External Factors 5 Internal Factors 6 Strategies 7 Generic Strategies 7 Implementation 8 Company Overview Background KnowledgeNet Enterprises LLC is a business-to-business company that is currently based in Tempe, AZ. The company was formed in 2005 in Aberdeen, Washington in a small two bedroom home in hopes of providing businesses with affordable and high-end training for the Information Technology staff (D. Rottner, personal communication, 2014).Today, KnowledgeNet Enterprises LLC now serves over 6,000 companies world-wide. The company’s focus is to offer quality training that is backed by a customer service team that provides outstanding support to all of the company’s customers (KnowledgeNet, 2013). There are many different options of training available to the company’s customers that provide flexibility for the customers that have limited time to focus on training. The company offers instructor-led training live over the web so that customers get the classroom feel and interaction without having to be in the classroom. There are also recorded versions of all the live classes to provide flexibility for customers that cannot make it to the live class. KnowledgeNet Enterprises LLC also provides practice labs, exams, and full library of online books to assist with the training (KnowledgeNet,...
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...Strategic Plan Belle Villarreal STR 581 February 4, 2013 Amy Ruiz Table of Contents Title Page Cover Page………………………………………………………………………………………...1 Executive Summary……………………………………………………………………………….3 Company Background…………………………………………………………………………….5 Vision, Mission, and Value Statement ……………..…………………………………………….5 Sources used for External and Internal Analysis………………………………………………….6 Strategic Plan……………………………………………………………………………………...7 Implementation Plan………………………………………………………………………………8 Strategic Choice and Evaluation…………………………………………………………………10 Evaluating Alternatives…………………………………………………………………………..11 Values of Strategy………………………………………………………………………………..12 The Right Strategy……………………………………………………………………………….13 External Environmental Factor…………………………………………………………………..14 SWOT……………………………………………………………………………………………15 Competitive Position and Possibility…………………………………………………………….16 Action Items……………………………………………………………………………………...17 Resources Allocation…………………………………………………………………………….19 Successful Implementation………………………………………………………………………19 Conclusion……………………………………………………………………………………….20 References………………………………………………………………………………………..22 Executive Summary The document you are about to read is a research paper and plan on how to open or start your own business. Within the next couple of years I plan to open a sleep study lab. My sister currents owns and operates her in a different city. My goal is to mirror hers and open a second branch in the city I live. Her sleep lab...
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...Final Strategic Plan and Presentation Amy Paul BUS/475 Individual Paper Week 5 03/25/2013 Dallas Walton Final Strategic Plan and Presentation To start my strategic plan I would have to figure out my summary of my initial considerations for the business intended called Amy’s Flower Shop before its opening. Here are some initial strengths, weaknesses, opportunities, threats, and of course trends. Then one must find their vision mission, know their values, SWOTT analysis, and balanced scorecards and have a good communication plan in place before starting a business. Summary of Initial SWOTT Analysis Considerations for the Business Strength | Providing healthy and fresh flowers with a big variety of flowers which can also be special colored if a customer so wishes and to add an Internet site for customers to order from home not just buy at Amy’s Flower Shop. | Weakness | To keep within the overhead costs for special coloring. | Opportunity | To bring in more customers by making a commercial about the business and what it can offer its clients and new customers that other stores do not offer such as coloring a rose purple, black naturally by contracting with a vendor that specializes in growing different colored flowers and a vendor that delivers fresh flowers in a variety of color ranges to give the customers what they want. | Threat | Competition with other flower shops | Trend | To be innovative, be honest in my...
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...Final Research Report - 7051-141-1 Colin Brand Page 1 of 240 EXPLORATORY STUDY ON HOW THE CEO FACILITATES THE STRATEGIC MANAGEMENT PROCESS WITHIN SMALL/MEDIUM SIZED COMPANIES ON THE JOHANNESBURG STOCK EXCHANGE (R10 – 80 MIL TURNOVER) A Research Report presented to the GRADUATE SCHOOL OF BUSINESS LEADERSHIP UNIVERSITY OF SOUTH AFRICA FINAL RESEARCH REPORT In partial fulfilment of the requirements for the MASTERS DEGREE IN BUSINESS LEADERSHIP UNIVERSITY OF SOUTH AFRICA BY COLIN GEORGE BRAND “A true leader has the confidence to stand alone, the courage to make tough decisions and the compassion to listen to the needs of others. He does not set out to be a leader, but becomes one by the equality of the integrity of his intent” (Douglas McArthur) Final Research Report - 7051-141-1 Colin Brand Page 2 of 240 ACKNOWLEDGEMENT PAGE This report is dedicated to the following exceptional people in my life, without whom, this would not have been possible. Special mention is to be made of Lindsay, my wife, for all her support. • Lindsay, Tamara, and Kyndra-Lee for their support and tolerance during a long and trying time. My sincere thanks and appreciation is extended to: • Professor Makin for her guidance. • Dr Sidney Shipham for his guidance. • The CEO’s, for affording me the opportunity to survey their environment as well as the Functional Managers, Supervisors and other members of companies who assisted by taking the time to complete the survey. • Professor...
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