...identify the following • How I intend to validate the organizational vision, mission, and values statements • Sources I expect to use to perform an external environmental analysis • Sources I expect to use to perform an internal environmental analysis (University of Phoenix, 2011, Week Two Supplement). Identifying a successful strategic plan for Kudler Fine Foods involves researching the company’s background, history, management styles, and various operational objectives. This also includes understanding the meaning of a company’s vision, mission, and values statements. They can define and guide an organization's future. An organization's vision statement defines possibilities and potentials of the company. Effectively it will explain the changes the organization will create and answer the question, “Why we are doing this?” It also expresses the objectives of upper management and allows employees to feel a sense of purpose. The firm’s intent is presented and centered on the future of the energies and resources of the company (Gottlieb, 2007). The mission statement explains what you want to achieve and what it takes to achieve this vision. It defines the boundaries of the working progress of the vision statement. It describes the overall purpose of who, what, how and why you what you do. It should be reviewed periodically and reexamined to maintain its effectiveness. Once the outcome of the vision and mission statement...
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...Team Video Analysis Report Strategic Management Consultants, Inc. Team A Camesha Hunt Alex Landos Derrence Kun Liang Lim Rodney Scott Miguel Soto BUSN 460 Senior Project DeVry University Professor Milford Abstract Team A has been instructed to list 6 issues facing CanGo that Team A assembled from the week 1 and 2 videos. They should be prioritized in order of importance. They should be numbered. The team must then come up with an actionable recommendation for each of the issues found. These should also be numbered and the recommendations must be actionable (DeVry Week 2 Assignments). The following body of text will outline and explain the questions to the fullest extent possible while citing the appropriate sources in APA (6th ed.) format on the references page at the end of this document. Strategic Management Consultants, Inc. Team Video Analysis Report Introduction Strategic Management Consultants, Inc. will address six issues facing CanGo that Team A collected from the week one and two videos. Strategic Management Consultants, Inc. will come up with actionable recommendations, number, and prioritize the solutions for each of the issues found (DeVry Week 2 Assignments). Methods The research for this assignment was collected through DeVry’s E-platform portal from our course e-shell in week one and week two video episodes. 6 Issues After reviewing the video episodes in week one and two Strategic Management Consultants, Inc. believes that the six issues facing...
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...knowledge, advise & courage to success the case study & as well as our lives also. Lastly, a special thanks to my family. I thank almighty, my parents, sister and friends for their constant encouragement without which this assignment would not be possible. Index Serial No | Chapter | Page No | 01 | Executive Summary | 04 | 02 | Literature Review | 05-09 | 03 | Introduction | 10-11 | 04 | The way the strategic management involve into this case study | 12-14 | 05 | Few appropriate models that suit this case study and demonstrate an accurate understanding of the business models used and relate them to this case study | 15-19 | 06 | Produce a clear analysis | 20 | 07 | Findings | 21 | 08 | Reflexive Report | 22 | 09 | Reference | 23 | Executive Summary Sanasa Development bank is a company duly incorporated under the Companies Act No. 17 of 1982 and registered under the companies Act No 07 of 2007. SDBL presently functions as a Licensed Specialized Bank under a banking license dated 21st August 1997 issued by the Central Bank of Sri Lanka. This bank is an outcome of a visionary leader Dr.Kiriwandeniya who initiated a world recognized movement SANASA. (Sekasuruwm ha nayaganudenu pilibada samoopakara samithiya)Growing up a devout Buddhist, he was naturally drawn to finding a “middle way”; he has always shown a capacity to find a practical but honorable...
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...Every organization has its own visions and missions. Organizational change management is inevitable to improve an organization’s strength. The speed of managerial change has not been measured in current years and sometimes it may be increasing. The fast paced and repeated improvement in skills is making changes to managerial structure. Strategic change initiatives provide the root to the strategic changes. “The Strategic Change Initiative allows individuals and organizations to discover the Great Hope. The Strategic Change Initiative is designed to respond to that Great Fear that can block our effective response in Times of Great Change” (Woll). A strategic change initiative is mainly built on the missions of the company. It is planned according to the organizational vision and it formulates the scheme which will promote a better change toward the organizational growth. The strategic change initiatives should be undertaken with a long period vision of the prospective outlook and this will be along with the mission reports and its whole objectives that will strengthen the organizational target. These initiatives will provide the way to attain organizational changes. 2. Application Analysis: The vision of the organization is connected with its existence and expertise. The mission will be according to the people’s life in the skills and products reasonable and simple to utilize. The application of this change management based on the vision and mission of the organization helps the...
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...Strategic Quality Management and Customer Satisfaction Team B MGT 449 May 22, 2012 Teresa Knox Strategic Quality Management and Customer Satisfaction Every organization must establish a strategic position at which it wants to enter or maintain in their chosen industry. They accomplish this by developing a quality management approach and customer satisfaction measurements adhered to by all employees. This paper illustrates Apple Inc.’s SWOTT analysis and how the company develops its vision, mission, and guiding principles based on this analysis. This paper also reviews how Apple’s strategic plans and objectives define quality as a core principle. Finally, an assessment of some tools Apple uses to measure customer satisfaction and how these measurements can enhance quality. Apple Inc. Apple designs, develops and markets personal computers, media devices, and portable digital music players. Founded in 1979 by Steve Wozniak and Steven Jobs, Apple has become a world leader in the personal electronic entertainment industry. Apple leads the digital music revolution with its iPods and iTunes online stores. The company reinvented the mobile phone with its revolutionary iPhone and application stores, and has recently introduced its magical iPad that is defining the future of mobile media and computing devices. The organization built this empire by sustaining the Four Basic Values establish from its conception. Honesty; Ensures Apple demonstrate honesty and high ethical standards...
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...Ques:1 Vision and mission statements provide information about the organization? What are they? How should they be developed and used? Ans: The term “strategic planning” is defined as process of an organization that clearly defines its strategy, or direction and making decisions on allocating its resources for proper planning. These two statements Mission statement and Vision statement clearly and concisely convey the direction of the organization. The Mission statement identifies a starting point or current state of business, but a Vision statement is necessary to determine what direction should be pursued. These help to communicate intentions and motivate team or organization to have a successful and common vision of the future. Mission statement: its development and use:- It defines the purpose of the organization and their primary objectives. The main functional point is internal and there is an involvement of leadership team and stakeholders. A perfect mission statement should determine why organization exists and what will achieve in future. Every organization has its own unique Mission statement. It should be easy to understand and should be simple so that every new employee could use it frequently. Generally mission statement of organization answer keys questions: * Purpose of the organization * Business of the organization * The value of organization Vision statement: its development and use:- It also defines the purpose of an organization but at the...
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...delicious baked goods in an inviting setting. This analysis will examine the mission, vision, and values of the company, and how these components translate and align with the strategic objectives. Additionally, this strategic plan will provide a Strengths, Weaknesses, Opportunities, Threats and Trends (SWOTT) analysis, a balanced scorecard, and a communication plan that will ensure that Cupcake Heaven has the structure to effectively reach an optimal level of operational health. Finally, the analysis will discuss how the company’s culture, ethics, and social responsibility serve as a compass that directs Cupcake Heaven in establishing the company’s guiding principles. Mission Statement Cupcake Heaven believes that the mission statement of a business is a vital part of the strategic management process, and provides a glimpse into the strategy and performance goals of the company (Darbi, 2012). Based on this concept, Cupcake Heaven has developed a mission statement that impacts the behavior and attitudes of our employees and customers. Cupcake Heaven’s mission is “To be dedicated to providing high-quality cupcakes in a comfortable atmosphere to our clientele. We also desire to maintain a fun, creative, and fair work environment for our employees” (The Sugar Bowl Bakery, 2012). Vision A strategic vision defines a company’s future business possibilities (Thompson, Gamble, & Strickland, 2006). A vision defines where a company wants to be. Cupcake...
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...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 highest quality water with low cost in comparison to its competitors. By providing high quality, the management wants to gain customer satisfaction and maintain a long-term relationship with them. In order to achieve the objective of the company, Mapua also want to increase the performance level of the employees by motivating them and providing...
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...University of Fredericton | ------------------------------------------------- Priority of Marketing within an Organization | EMBA 603Irfan Chughtai | Today’s Organizations Today’s businesses are getting increasingly complex and diverse. Globalization, technological changes, knowledge management and cross boundaries collaboration are four factors that are major forces creating change in organizations today. These changes affect decision-making as organizations are forced to recognize that they need leaders who are innovative, creative visionaries who understand the various environments that their organizations are operating in, and are able to differentiate between these different environments. These environments include: the external or operating environment; the competitive environment and the macro environment in which influences such as the economy, government regulations, societal values, demographics and technology come to bear upon an organization. The external influencers included talents and the skills in the workforce, global competition, faster and more disruptive change within the industry, and technological developments. In today's world, organizations are very different due to competitive pressures and technological breakthroughs. Organizations today are: * leaner and more agile * more focused on identifying value from the customer perspective * more tuned to dynamic competitive requirements and strategy * less hierarchical in structure...
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...Products---------------------------------------------------------------------------------------6 D. Current Revenues---------------------------------------------------------------------------6 E. Employees-------------------------------------------------------------------------------------6 CHAPTER II: RESEARCH DESIGN AND METHODOLOGY--------------------------7 A. Data Collection-------------------------------------------------------------------------------7 B. Research Methodology---------------------------------------------------------------------7 C. Research Design----------------------------------------------------------------------------7 CHAPTER III: VISION/MISSION-------------------------------------------------------------10 A. Present Vision and Mission--------------------------------------------------------------10 1. Vision...
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...the strategic variety involves vision, mission and outside-of-the-box thinking. Strategic planning describes where you want your company to go, not necessarily how you're going to get there. However, like all other "travel plans," without knowing where you want to go, creating details on how to arrive are meaningless. Strategic planning defines the "where" that your company is heading. Strategic planning is the core of any business. Thompson, A.A., Strickland, A.J., & Gamble, J.E. (2010) Crafting and Executing Strategy: The quest for competitive advantage: Concepts and cases: 2009 custom edition (17th ed). Unlike business plans, there is no one right way to create effective strategic planning. It is, by definition, brainstorming at its best. Strategic planning involves "feel" just as much as it depends on management science. Since it depends on creativity and outside-the-box thinking, there is no perfect way to design a winning strategic plan. The more you understand your company, your industry, and your corporate "wish list," the better a winning strategic plan you'll create. Pearce, John, & Robinson, Richard Strategic Management 12th edition As critical as business planning is to the success of your company, all plans are useless unless followed by action. An additional side benefit of strategic planning is the natural action plan that stems from identifying your preferred strategy. While strategic planning involves your vision, mission and dreams, it also further defines...
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...balanced scoreboard is a strategically planned tool that associates select objectives within a few fields to that of a company’s vision and mission (Balanced Scorecard Institute, 1998-2010). The scorecard exposes financial, customer, employee learning and growth, and internal business process objectives crucial to attaining goals of the vision and mission statements. When establishing such objectives, an evaluation of the company’s vision statement, mission statement, and furthermore, core values is necessary. A SWOTT analysis can illuminate further objectives a company should address for success. Once a company establishes objectives on a balanced scorecard, the company can begin moving forward with a sound strategy. Regarding Tuppeny Payroll & Benefits, a balanced scorecard is viewable below. A brief explanation of the critical thinking involved in each objective’s creation through an evaluation of Tuppeny’s vision statement, mission statement, core values, and SWOTT analysis will show why each objective is an ideal factor to act upon for Tuppeny to attain success. Financial Objectives Obtaining proof of at least a 10% market share is a crucial foundation in determining whether or not the business even has any room to compete. Tuppeny acknowledges competition but is confident of its vision to become the best payroll and benefit services provider. However, Tuppeny also knows to attain such a vision, an opportunity must exist. With at least a 10% market share at startup...
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...1 Analysis of Vision and Mission Strategy Management Contents 1.ICICI BANK ............................................................................................................................................4 Analysis of Vision: ...............................................................................................................................4 2.BANK OF INDIA.....................................................................................................................................4 Analysis of Mission..............................................................................................................................4 3.CANARA BANK......................................................................................................................................4 Analysis of Vision ................................................................................................................................4 Analysis of Mission..............................................................................................................................4 4.GAIL......................................................................................................................................................5 Analysis of Vision ................................................................................................................................5 5.Infosys................................
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...business has no road map to pursue their goals and objectives. The costs of having a bad strategy are severe. Thus, Abacus Technologies must develop a good strategic plan to achieve its goals and objectives. The process of developing a strategic planning involves several steps as follows: 1. Identify Mission and vision 2. Environmental scanning 3. Strategy formulation 4. Strategy implementation 5. Evaluation and control Step 1: Abacus Technologies Inc. has to develop a mission statement. A mission statement describes the purpose of why the firm is in the business. Mission statements helps to formulate the vision statement which describes or picture on where the firm wants to be in the future. The vision statement allows the firms to define measureable financial and strategic objectives. Financial objectives involves such as sales targets and earnings growth. Strategic objectives are related to firm’s business position and may include measures such as market share and reputation. Step 2: Environmental scanning includes the following components: * Internal analysis of the firm * Industry analysis * External analysis The internal analysis of the firm can identify the firm’s strengths and weakness whereas the external analysis reveals the opportunities and the threats. This is done by using the SWOT analysis which assesses the strengths, weakness, opportunities and threats. The internal analysis component includes the firm’s financial performance...
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...STRATEGIC PLAN FORMAT & TEMPLATE PART ONE: The Writing Process The formal plan should be written using the following parts: 1. Cover Page (contains the school name/logo, title of your paper (STRATEGIC PLAN for name of your company), submitted to: name of your professor, in partial fulfillment of the course requirement Business Policy and Strategy 2. Acknowledgment (contains expression of thanks or gratitude to persons that helped make possible the completion of your plan.) 3. Table of Contents 4. Chapter 1 – Company Profile 5. Chapter 2 – STRATEGIC PLAN 6. Bibliography (list all your references or sources of ideas. This is a MUST!) Other Writing Mechanics 1. Double space your work observing correct spacing rule. 2. Use pagination. 3. Use Arial font 4. Use font size 12. 5. Book bind 3 copies (only upon approval of your draft submission). 6. Others: Send as PDF copy to me (only upon approval of your draft submission). PART 2 STRATEGIC PLAN FORMAT and TEMPLATE 1. Present your company 2. History (how did it come about) [pic] Note: All Strategic plan proposals should be accompanied with a ‘Table of Contents’ and should be in the order depicted below. Executive Summary | | |Give brief outline of the (Org/Dept). ...
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