BSBMGT616 Develop and implement strategic plan Task 3 1. Strategic objectives: a. The main objectivities for the organization are to sell and service Australian hardware products in every state of Australia. To increase profit margin by 5% in the next five years and to be established the Australian Hardware brand recognition in key markets for next five years. b. To sell and service every state in Australia we will have to open up more stores. c. To increase the profit margins we will have to beat our companion and get better whole prices so we can increase profit. In order to establish brand recognition in key markets for that the company has to be consisted with marketing, products, and management in order to succeed. In order to make this happen all staff and departments have to help so this vision can come to life. 2. Each objective with developed strategy Objective Strategy To sell the company products in each state of Australia Open warehouse in every state and develop and implement the marketing plan for the products Increase the profit by 5% in next five years Providing better customer service and adapting the change with time Reduce waste and energy 10% in next 5 years Provide training and catch up with new technology 3. For the strategies described need to • …show more content…
Australia Hardware needs to develop new marketing plan for each state. It will take 6 months to 1 year time to achieve this goal and need to assign new warehouse and store managers in each state which will be done by General Manager. Measurable performance indicator for this will be the success and sale of the products in each state and General Manager will the responsible person to be asked for the success of the