Monday, August 24, 2020
Strategic Plan Outline
College OF BELIZE MGMT 490 â⬠BUSINESS STRATEGY AND POLICY How to Structure The Strategic Plan Guidelines Executive Summary This is kept in touch with the extension and level of substance that a ââ¬Å"outsiderâ⬠can peruse the outline and handle the vision, crucial the association, its general objectives and targets, major key issues and the key procedures actualized to achieve the objectives. Segment 1 â⬠Current circumstance 1. Brief Background and History of the Company and the Industry 2. Vital Posture: Current Mission, Current Vision Current Values Current Objectives Current Strategies Current Policies 3. Past Strategic Performance Indicators (if accessible): Market share Sales Growth Net Profit Margin Return on Equity Investment Other? (Contingent upon the kind of business/industry) Section 2 â⬠External Environment, Opportunities and Threats (EFAS) 2. 1 General Environment (PEST, Gap Analysis, and so on) 2. 2 Task Environment (Porters five powers, Strategic Map) 2. 3 External Factor Analysis Summary Section 3 â⬠Internal Environment, Strengths and Weaknesses (IFAS) 3. 1Value Chain investigation . 2Corporate Structure 3. 3Corporate Resources: Marketing Finance Human Resource Operations and Logistics Information Systems 3. 4Internal Factor Analysis Summary Section 4 â⬠Competitive Strength Assessment dependent on Key Success Factors Quality/item performanceCustomer Service Capability Reputation/imageOther? Assembling capacity Technological aptitudes and skill Dealer/conveyance ability New item development ability Finan cial assets Relative cost position Section 5 â⬠Analysis of Major Strategic Factors SFAS . 1 Key Internal and External Factors (SWOT) 5. 2 Competitive favorable circumstances/hindrances, Competitive position improving/slipping 5. 2 Review of Mission and Objectives Section 6 â⬠Alternatives and Recommendations 1. Key Alternatives 2. Suggested Strategies Section 7 â⬠Implementation Plan for new systems suggested Section 8 â⬠Evaluation and Control Plan for new procedures actualized Section 9 â⬠Financial information and Analysis â⬠Includes data on assets to fund the usage of the Strategic Plan Indeces BIBLIOGRAPHY THE PRESENTATION OF THE PLAN Time Allowed: 30 minutes Presentation ought to be as per the following: a) Brief History of Company (Section 1) b) Current Situation (Section - 1) c) External Environment Opportunities and Threats (Section 2) d) Internal Environment Strengths and Weaknesses (Section 3 e) Analysis of major vital components, key other options and suggested procedures (counting money related examination) (Sections 5, 6 and 9)- 15 minutes Question and Answer Session
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