...Strategic Plan: Part II Strategic Plan: Part II * Organizing Actions is an organization that focuses on cleaning up and organizing businesses such as convenient stores and small-box retail chains. The reason for this service is to improve productivity and accountability for the managers. The business environment today has forces and trends that influence business decision-making and directional platforms. Individuals must determine how business strategies will continue to improve the mission and values of the overall organizational goals. Creating an S.W.O.T.T analysis is the important part of the strategic plan that paints a vivid picture on how the business may rank in accordance of internal and external factors. This table displays the strengths, weaknesses, opportunities, threats, and trends of Organizing Actions. * External Forces and Trends Considerations * Legal and Regulatory is an external force and trend because it provides an opportunity to the business by improving a more competitive position of possessing business licenses. * * 1. Legal and regulatory -Need for Organizer contracts & business license 2. Global- you can become popular and increase/decrease in popularity of vintage items 3. Economic - Poor economy may bring increased business 4. Technological- E-Bay selling- online software to track consignor inventory, sales and discounts. 5. Innovation- Update software- customer base for mailing- sales/discount/birthda 6. Social-...
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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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...Strategic Plan Part 2: SWOTT Analysis Natcha Miles-Brown BUS/475 June 27, 2016 Bruce Voris Strategic Plan Part 2: SWOTT Analysis The SWOTT analysis examination is an important systematic device used for evaluating elements both external and internal that have great influences over a company. The SWOTT analysis examination offers a company upgraded information needed to achieve and succeed strengths and weaknesses. The main elements of SWOTT analysis are divided under external and internal headings, This analysis paper will describe the depth evaluation of internal and external elements that may cause an effect on the business of Wello. Evaluating the main elements of Wello can influence the establishment of competitive advantages and satisfaction of stakeholders for the company. External Environmental Analysis Many other elements have an influence over Wello’s ability in accomplishing goals and objectives. In order for success, the Wello Company has to discover the appropriate strategies to maintain business operations and applications. The appropriate strategies will keep Wello provisions as necessary. The external factors will incorporate legal regulating elements, economic elements, global, technological and innovation. Legal and Regulatory Factors The legal factor must be comprehensive and exact by the business, because there are federal standards and rules that have to be followed. The federal standards and rules are usually stringent...
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...Selvin Dubon Selvin Dubon Strategic plan for the management of the café, bakery and chocolates neighborhood and internet business Strategic plan for the management of the café, bakery and chocolates neighborhood and internet business Buday’s Sweet Temptations Cafe Strategic Plan Buday’s Sweet Temptations Cafe Strategic Plan Contents Strategic Plan Part 1: Business Concept 2 Buday’s Sweet Temptations Cafe 2 Mission 2 Vision 2 Guiding Principles and Values 2 Strategic Direction 3 Competitive Advantage 4 Strategic Plan, Part II: SWOTT Analysis 6 Introduction 6 SWOTT 6 Buday’s Sweet Temptations Café SWOTT Table 7 External Forces 8 Internal Forces 10 Economic and Legal/Regulatory Trends 11 Adapting to Change 11 Supply Chain Operation 12 Issues and/or Opportunities 12 Conclusion 12 Balanced Scorecard 14 Financial 16 Internal Business Process 16 Customer 17 Learning and Growth (Employees) 17 Communication Plan 18 Communication Plan Table 19 Conclusion 21 References 22 Strategic Plan Part 1: Business Concept Buday’s Sweet Temptations Cafe Buday’s Sweet Temptations Café will be a neighborhood café and catering business offering specialty chocolates, baked goods, sandwiches, and gourmet coffee and other assorted drinks; and it will be an online virtual café that offers products for sale through a sophisticated website. The business will be designed to be a meeting place and a focal point for the community in person and...
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...Strategic Plan II: SWOTT Analysis Samitra Irabor BUS 475 February 25, 2012 Dr. Paul Sam Strategic Plan II: SWOTT Analysis The SWOTT analysis is one of the most effective tools used by companies in forming a strategic plan. SWOTT is an acronym for Strengths, Weaknesses, Opportunities, Threats, and Trends that face a company. Managers can use this tool as a technique in creating a quick overview of their company’s strategic situation. Pearce & Robinson (2009) states,” It is based on the assumption that an effective strategy derives from a sound “fit” between a firm’s internal resources (strengths and weaknesses) and its external situation (opportunities and threats).” This paper will analyze some external and internal forces and trends that could affect the new proposed Spoiled Beautiful. The paper will analyze at least seven forces and trends and how they pertain to Spoiled Beautiful. Last, the paper will discuss how Spoiled Beautiful adapts to change, analyze the supply chain operations of the organization, and identify any significant issues and/or opportunities for Spoiled Beautiful. STRENGTHS | WEAKNESSES | Our STRENGTHS are: 1. Leadership 2. Innovation 3. Legal and Regulatory | Our WEAKNESSES are: 1. Technologies | OPPORTUNITIES | THREATS | Our OPPORTUNITIES are: 1. Social | Our THREATS are: 1. Competitive Analysis 2. Economic | TRENDS | Our TRENDS are:1.Social | The table above provides the strengths, weaknesses, opportunities...
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...head: COUNTRY RISK AND STRATEGIC PLANNING ANALYSIS PAPER Country Risk and Strategic Planning Analysis Pa University of Phoenix Global Business Strategies MGT/445 January 11. 2009 Country Risk and Strategic Planning Analysis Paper The following paper analyzes the risks associated with starting a global business venture in the Philippines. The business is the manufacture and sale of FOY, an anti-aging supplement that will revolutionize the health and beauty industry. A strategic planning outline will be included to manage risks, clarify the organization’s objectives, and implement the successful introduction of this product to the global market. The Philippines have laws that require all foreign organizations to open an office in a domestic subsidiary, in a foreign representative office, or in a foreign branch office. A business license from the Philippines, registration of the business, who is part of different government agencies, and certification of incorporation, are also requirements for starting a business in the Philippines (Culangen, 2009). Projects and businesses in the Philippines are at risk of closure due to the high percentage of corruption, this, in turn, forces political parties to reduce the improvement and growth of infrastructures. The political issue of corruption has prevented the Philippines from gaining investors from other countries (Political and Risk Consultancy LTD., 2008). The low rate analysis of the islands can affect...
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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 Business Model and Strategic Tanja Baca BUS 475 April 13, 2015 Daniel Magnole Table of Contents I. Executive Summary Pg. 3 II. Business Model and Strategic Plan Part I: Existing Business or New Business Division; Vision, Mission, and Value Proposition Pg. 4 III. Business Model and Strategic Plan Part II: SWOTT Analysis – Internal and External Environmental Analysis; Supply and Value Chain Analysis Pg. 9 IV. Business Model and Strategic Plan Part III: Assumptions, Risk and Change Management Plan; Summary of Strategic Objectives; Balanced Score Card and its impact on stakeholders; the Communication Plan Pg.14 V. Business Model and Strategic Plan Part IV: Monitoring and Control Strategies Pg.20 VI. References Pg.24 Executive Summary Pall Corporation, the world’s leading developer in filtration systems would formally like to present today the most advanced continuous glucose monitoring device; Truecose. We are working at finding the ways to better improve people’s lives with the most effective equipment. Truecose’s business model is to continue building the company’s name and trust of its customers by leading technologies in the market it serves. The company through all divisions will continue to make the “world safer, greener, better”. The acquisition of Dexcom has proven to be the most beneficial option in helping to improve new continuous glucose monitor. Pall has developed a strategic plan that has minimized risks, such as FDA regulations...
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...Under Armour Strategic Plan Part BUS/475 Under Armour Strategic Plan Part Two Under Armour has learned how to be successful with a resilient strategic plan in place. The strategic direction that a company decides to endeavor could be the cause of a company to become successful or fail. Strategic plan of a company needs to be explained to all personnel involved to be a successful venture by the company. The purpose of this synopsis is to analyze the forces and trends that Under Armour has to relate to and that is relevant to its competitive situation. The internal and external forces will include the economic as well as legal and regulatory forces and trends. Externally this will cover the economic, innovation, and social aspects. The internal forces will include technologies, goals, and strategy points. SWOTT Analysis With today’s recession the business markets in the world face many obstacles to keep business profitable. With a Strategic plan incorporated and followed in the company will allow the company to set goals and achieve the goals. Under Armour developed strategic plans that include a SWOTT analysis. This establishes by what method the business will survive in the market during the recession. A SWOTT analysis is a situational analysis of an organization’s internal strengths and weaknesses, opportunities, threats and trends that are faced by the company (Pearce, 2009). This analysis will be examined to provide a strategy for the company’s survival. With...
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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 Business Model and Strategic Plan Graciela Venegas, Christopher Nieto BUS 475 Claudia Camacho 2-23-2015 Table of Contents Abstract 3 Executive Summary 4 Strategies 6 Conceptualizing in Business 7 SWOTT Analysis 11 Balance Scorecard 17 Reference 23 Abstract Our final business model will be discussed in this paper. We will emphasize the important factors that will contribute to the completion of our intended service. It is important to understand our mission, in order to understand the importance of our new service. We have gathered all of the relevant information which starts from describing our product to describing the necessary tools to properly implement and create this new service for Apple, Inc. Executive Summary Apple Inc. is an American multinational corporation headquartered in Cupertino, California, that designs, develops and sells consumer electronics, computer software, online services, and personal computers. We will be focusing on Apple, Inc. to create a new service that will not only impact Apple's reputation in a positive way, but it will also promote more success. Apple, Inc. has many innovated products that have been popular in our industry, we have decided to incorporate a system in this particular company as popularity, and business success is part of it. We have decided to launch a service to customers with disabilities, this will be intended to help them get...
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...Strategic Management Process Gregory Solomon MGT/498 January 16, 2012 John Kanz, PhD Strategic Management Process Business strategy is chaperoned through its execution by management with the intention of growing the business, attracting customers, and achieving targeted objectives. A former Chief Executive Officer of Greyhound Corporation, John W. Teets, summates that “management’s job is not to see the company as it is…but as it can become” (Thompson, Gamble, & Strickland, 2005, p. 2). The purpose of this paper is to describe the primary components of a strategic management process, and indicate why a strategic management process is needed in an organization. Additionally, the strategic management process of Ford Motor Company will be briefly discussed for clarity. Although the strategy management process is an intricate part of an organization’s strategic plan execution, it is noteworthy to review the strategy making and executing phases. The five interrelated and integrated phases: Developing a strategic vision, setting objectives, crafting a strategy to achieve the objectives and vision, implementing and executing the strategy, and monitoring developments, evaluating performance, and making corrective adjustments (Thompson et al., 2005). As related to strategic management, this equates to a good strategy coupled with good strategy execution begets good management performance. In brief, poor management can wreck the soundest strategy whereas, good strategic management...
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...Happy Pawws Playground: SWOTT Analysis BUS/475 June 18, 2012 Brad Bergman Happy Pawws Playground: SWOTT Analysis At Happy Pawws Playground they will cater to the family pet’s every whim, with safe and secure pet daycare, boarding, exercise class, and play time. At Happy Pawws Playground, pets will be treated like one of the family with their own room, bed, blanket, and toys. They can also play and socialize safely inside the kitty gym or outside on the secure playground. They will always be carefully monitored by the staff. External Forces Environmental The Happy Pawws Playground is dedicated to the environment and the community (Pearce & Robinson, 2009). Living in the community where the business is located means that the company will be sure to be responsible in taking care of environmental issues in the area. Not only will they be environmentally friendly themselves, but also they will encourage their employees to do so as well. They will also donate time and money to several local environmental agencies in the Branson area. Global In the beginning, the Happy Pawws Playground will not be active in global business because they are a small local company. In time they hope to attract customers from all over the world to their establishment by advertising on their own web sites as well as on social media sites (Pearce & Robinson, 2009). They will also be seeking to open in other locations around the globe for their customers to leave their pets when they...
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...SWOTT Analysis Brittany Baker BUS/475 March 2, 2015 Ryan Simpson Strategic Plan, Part II: SWOTT Analysis For The People (FTP) will be a brand that represents a lifestyle of success. FTP strives to develop a culture around the brand that represents the relentless pursuit of being successful, regardless of how the naysayers view or accept the success of the individuals who wear our brand. The management team at FTP will provide customers with the finest customer service and online experience in order to gain a competitive edge over its competitors in street style/casual clothing market. To gain a finer viewpoint of the company's present condition and to uncover a future prospects a SWOTT analysis has been conducted; regarding the different aspects such as competitive analysis, economics, socialization, culture, goals, etc. Competitive Analysis Competitive analysis plays a huge role in FTP’s marketing plan. This allows FTP to identify its competitors and evaluate their strategies to determine how its competitor’s products strengths and weaknesses are relative to its own product. This analysis will also establish what makes our product unique compared to our competitors, which will allow the company to play up its attributes in order to attract our target market. Once the competitive analysis has been completed, this will also show us how to position our product. The way we position our product is in the mind of the customer, something that is brought about by a combination...
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...Strategic Plan, Part III: Balanced Scorecard Rebecca Lanham BUS 475- Integrated Business Topics August 1, 2011 Phyllis Koch 2 Balance scorecard is essential for developing a healthy business growing place. This is a vital key for defining the goals and targets of a company as well as the vision, mission, and the SWOTT Analysis. A Balanced Scorecard is, A set of four measures directly linked to a company’s strategy: financial performance, customer knowledge, internal business processes, and learning and growth (Pearce and Robinson, 2009, p. 202). This term paper will relate TL Concrete Services, values, mission, vision and SWOTT Analysis with the four perspectives of the scorecard (financial performance, customer knowledge, internal business process, and learning and growth). Financial Perspective/Shareholder Value A strong and well defined vision and mission statement will facilitate the company to achieve its target. The objectives of TL Concrete Services should be implemented as a daily routine so as to increase the performance of the company. The first and foremost responsibility of a company is to seek its customer satisfaction, benefit utilization, increased net revenues, and also to achieve financial stability. To evaluate the financial stability of a company, one should calculate the Operating cost, Earnings per share, growth revenue and return on interest and capital. If we succeed how we will look to our stakeholders Customer Value Perspective. The customers determine...
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