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Kone's Strtegic Plan

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Submitted By demeyin
Words 6429
Pages 26
Table of Contents 1 Executive summary 3 2 Key issues 3 3 Vision, Mission, and Corporate Objectives 3 3.1 Vision 4 3.2 Mission 4 3.3 Corporate Objectives 4 4 Situational Analysis 4 4.1 Macroeconomic Analysis 5 4.1.1 Political, Economic, Socio-cultural, Technological, Environmental, and Legal Analysis 5 4.1.2 Strengths, weaknesses, opportunities, and threats analysis 7 4.2 Industry analysis 9 5 Market analysis 10 5.1 Market forces 11 5.2 Market position 12 6 Internal analysis 13 6.1 Sustaining competitive advantage and core competencies 13 6.2 Strategic alignment 14 7 Marketing objectives 16 8 Marketing strategy 16 9 Implementation 19 9.1 Product 19 9.2 Price 19 9.3 Place 19 9.4 Promotion 19 9.5 People 20 9.6 Processes 20 9.7 Physical evidence 20 10 Milestones and leaderships 20 11 References 23 12 TELESCOPIC OBSERVATIONS Strategic Framework 26 13 SWOT Strategic Framework 30

Executive summary
Since Kone Corporation was founded, the company has experienced remarkable growth and performance, which it continues to enjoy to date. However, the recent global economic crisis has resulted in decline of business in traditional markets, which has hampered projected growth. Competition has also intensified in market which requires more effort and strategies to ensure that performance does not declines. Several strategies have been identified to ensure that the company maintains its position as a leader in the business. This includes, introduction of digital marketing, market expansion, and acquisitions (Kone, 2014a).
Key issues
Kone has a strong reputation as a leader in the industry as a leading manufacturer of elevators, automatic building doors, escalators, and integrated solutions. Its remarkable performance has also enabled it to build a strong financial foundation, which can

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