ipl-logo

Strategic Analysis Paper

355 Words2 Pages

Before, changes are made I would utilize the strategy management process and apply a SWOT at the small regional electronic store to determine what strategic decisions I need to make to obtain a favorable outcome. And, then I would apply the changes needed to continue to be a profitable, and sustainable electronic store even after Walmart opens in the area.

According to Zafar, Barbas, and Abbas (2013), The strategic management process does not get involved in the day to day running of the organization’s operations, but instead creates the strategies for the accomplishment of Long term objectives. Therefore, the strategic management process involves four key elements Environmental scanning, strategy formulation, strategy implementation, and …show more content…

According to Wendel Clark (2017), Making Changes - if there are gaps between your intended strategy and the strategy that is being realized in practice, it is necessary to eliminate the gaps. In order to do this, you must make changes to bring your actual strategy in line with your intended strategy.

And, Additionally, I would run a promotional mix campaign offering the new services to keep the loyal customers, and to obtain more customers. Strategic planning, decision making, and implementing changings are necessary during uncertainties, challenges, and for the wellness of a small electronic business to be profitable, and sustainable throughout the

Show More
Related

Menards Vs Lowes Company Essay

676 Words | 3 Pages

Hill, C. W. L., Jones, G. R., & Schilling, M. A. (2015). Strategic management: An integrated approach. Stamford, CT: Cengage Learning. "Home Depot seeks strategies for surviving 2009. " Hardware Retailing, Apr. 2009, p. 19.

Read More

Husky Travels Business Analysis

1376 Words | 6 Pages

Strategies to achieve our goals are to lower costs and have good customer service. The implementation process would be to have good communication with managers and employees to understand the plan. The strategic control is to have a budget plan to manage the financial expenditures and follow the

Read More

Premier's Business Strategy Analysis

643 Words | 3 Pages

Strategy Type The company falls into the category of Product Leader, in software solutions for life insurance and fund administration industries, wealth management, and underpinned by functionality rich technology. They have more than 40 awards, accreditations and listings due to it globally recognised business acumen and product excellence. In 2007, the company won the 2007 Adnitor Award for administration technology category, 2007 Australian Export Award for Information and Communication Technology, 2007 Australian HR Awards finalist in the Best Strategic Plan category, 2007 Premier’s NSW Export Award for Information and Communication Technology, being listed #1 in 2007 BRW Fast Starters, 2007 Deloitte Technology Fast 50 in Australia’s top

Read More

Strategic Plan Evaluation Paper

1097 Words | 5 Pages

Strategic Plan Evaluation: Cincinnati Children’s Hospital Members of the healthcare industry have scrambled to develop strategic plans in alignment with new regulations and customer expectations as well as to define goals for sustainable business practices. According to Garberson (2015), a strategic plan involves developing collective foresight aimed at the organization’s future. In order to develop an innovative and tactical plan to guide a healthcare organization’s future endeavors, a myriad of characteristics must be evaluated, reinvented, and then acted upon.

Read More

Unit 4 Strategy Analysis Paper

1363 Words | 6 Pages

The matrix represents four basic strategies between global integration (vertical axis) and national responsiveness (horizontal axis). Quadrant one represents a global strategy, where the company is focused on economies of scale whit a low price tactic. Quadrant four represents the opposite situation with a multi-domestic strategy. In this case, the company adapts its products to satisfy high demands of differentiation. Quadrant 2 represents an international strategy, where companies take advantage of core competencies that competitors in the local country haven't.

Read More

Abrahm's Strategic Model Analysis

492 Words | 2 Pages

Abrahm describes his strategic model as stating that it “posits that terrorists are rational actors who attack civilians for political ends”. But Abrahm also provides seven puzzles, three of which are coercive ineffectiveness, terrorism as the first resort, and anonymous attacks. Abrahm believed that in the strategic model, people joined terrorism because they believe what the group is fighting for and that they achieve their desired goals, yet with coercive ineffectiveness, there would need to be “rational people” were the ones to be in charge of and members of a terrorist group. Yet Abrahm believes that in the actual practice of terrorism, an organized manner of achieving political goals does not truly exist. Abrahm’s second puzzle focuses on terrorism as the first resort.

Read More

Petsmart's Strategic Plan

885 Words | 4 Pages

The resources incorporated into a new strategic plan can be used to determine, vision, mission, goals, values, timelines, objectives, and roles and responsibilities ("Strategic Basics," n.d.). The strategic plan is meant to help PetSmart stay focused, and to ensure that the management team is working toward the same goals. Of course, PetSmart will need to assess and adjust direction as it moves forward, because of the changing environment. For example, a football team does not run the same play over and over and expect to win the game. The coach has to assess and adjust the direction of the players, because the game (environment) is changing.

Read More

Assignment 1: Business Analysis

1813 Words | 8 Pages

Introduction As the Cloud Service Engineer for Technet Ltd I will be assessing the suitability of the Microsoft Azure cloud solution for the provision of services, Infrastructure, platform, software, web and management. In this report I will be investigating and interacting with the features of Microsoft Azure. I will assess azures architecture, functionality and the services it provides as well as the benefits and challenges their architecture will provide. .

Read More

Strategy And Implementation Description

601 Words | 3 Pages

Strategy and Implementation Description We will implement the two strategies into two of the three facilities to determine which strategy has the greatest impact on nursing retention, satisfaction, readmission rates, and overall quality of care provided to residents. The first strategy that will be implemented will be increasing the number of rest breaks for nursing staff at one facility. This will require the creation of new policies and procedures regarding rest breaks for the nursing staff to follow. The increased and scheduled rest breaks will need to have prior approval from the corporate office and the administration team. The approval will be obtained through meeting with the administration team and reviewing the proposed policy and procedure including the proposed break schedule.

Read More

Monsanto Executive Summary

484 Words | 2 Pages

Monsanto should apply a strategic planning process, to include a situational analysis. This should include looking at the organizational objectives, and strategies to implement a strategic plan. There are a few main steps for strategic planning. First you must analyze the company's condition, by forming a SWOT analysis. This is an evaluation of strengths, weaknesses, opportunities, and threats (Thorne, 2010, pg.450).

Read More

Sourcing Strategy Paper

731 Words | 3 Pages

Answer: Led cross-functional team members to implement sourcing strategies to include, value optimization, bidding process, entertaining pre-emptive offers, low-cost-country sourcing, invoking “Meet and Release” contract language among others, achieving significant cost reductions totaling $161 Million during my time with DPSG. In addition, I led the working capital strategy delivering $85 Million in savings by extending payment terms and reducing materials lead time. As an example, I personally led the strategic sourcing process for PET plastic bottles. To provide some context, this category was single source with a long-term contract in place, the spend was $220 MM per year, with an annual volume of 2.4 Billion units per year, and these

Read More

Sony Playstation 4 Paper

1486 Words | 6 Pages

Environmental scanning is a crucial process required by companies with the aim of coming up with strategic plans to navigate the ever-changing business environment (Wheelen & Hunger, 2011). Through such processes as evaluation of information, monitoring the markets, and dissemination of crucial information to the relevant personnel, environmental scans are a crucial and necessary undertaking in a corporation such as Sony offering products such as PlayStation 4. These processes thus help such an organization to strategize and eventually gain a competitive advantage over the competition within the business environment. Further, the corporation creates value while maintaining its innovative and competitive edge over the competition through the inclusion of strategies that are detailed within the environmental scan. This paper will determine the internal and external factors that the product Sony

Read More

Financial Analysis Paper

1493 Words | 6 Pages

This report will analyze two closely competitive automobile companies 10k reports. The two companies that will be used this report is the Ford Motor Company and General Motors Company. This report will mainly focus on analyzing both company’s financial statements, key company discussions, strategies, and strengthens and weakness. Using this information, a compare analysis will be conducted to see similarities and differences between each company.

Read More

Sainsbury's Strategic Analysis Essay

975 Words | 4 Pages

Sainsbury's was set up in 1869 and since then, it has changed into the second most vital store chain in the UK, it works in more than 1200 general stores and solace stores where it uses more than 161,000 partners to facilitate the deliverance of the goods and services of the supermarket. , It is rated number 80 in the list that entails businesses whose total value add up to more than 5500 million euros in the world. By analyzing the strategic analysis of the company, we will be able to survey the strengths, opportunities, weakness and threats in the relationship with its structure and operations in the UK and general markets concerning its retail business. It also looks at a critical analysis and evaluation of the main future directions for strategic growth of the firm. The assets and ventures of the organization together ought to be utilized to eradicate the failures and the threats so as to build up a demanding philosophy against the dangers seen as threatening the progress of the company.

Read More

The Strategic Change Cycle

1852 Words | 8 Pages

Abstract The strategic change cycle is one of the processes within strategic planning. This cycle is a ten-step process created to assist organizations in meeting their mandates, satisfying their missions, and constructing public value. “Strategic planning is intended to enhance an organization’s ability to think, act, and learn strategically” (Bryson & Alston, 2011). Introduction Strategic planning is “a deliberate, disciplined effort to produce fundamental decisions and actions that shape and guide what an organization (or other Entity) is, what it does, and why it does it” (Bryson & Alston, 2011).

Read More

More about Strategic Analysis Paper

Related Topics

Open Document