...RUNNING HEAD: Strategic Plan I Strategic Plan, Part I: Conceptualizing a Business University of Phoenix December 13, 2011 In today’s world a lot of things are a necessity, there is no question that coffee shops are very popular. Most people enjoy a fresh brew of coffee in the morning, whereas, others like to have during lunch or dinner. Either way people are fond of coffee shops. People like to sip on coffee or tea while enduring a sociable conversation with family and friends. Also most students meet with their classmates at coffee shops to brainstorm to solve homework problems and to bring new ideas to the table. For many, coffee shops are a place to relax, letting go of the stress endured during work hours. In this paper an analysis of Brew House’s strategic plan will be explained. A description of Brew House’s mission, values, and vision will be determined. The products or services, and customers will also be defined. Brew House Brew House is a coffee shop opening in downtown Houston, on Main Street. The coffee shop is on a well-known trafficked street. Brew House is surrounded by upscale housing lofts, office businesses, hotels, bars, and metro rail to capture the attention of constructor workers, businessmen, bus riders, and students of University of Houston. Mission Brew House’s mission is to provide its targeted consumers with a fresh hot cup of gourmet coffee before, during, or after work...
Words: 1135 - Pages: 5
...Strategy • Innovation • Quality • Cost Leadership Competitive Advantage Strategy Distinctive Capabilities • • • • Value Creation Rarity Non- Imitability Non-Substitutability Strategic Fit • Strategy renewal • Internal resources should be in-sync with the external environment The Fundamentals of Strategy • Long term objectives and goals of organizations. • Expression of the leadership position the organization wants to attain & establishes a clear criterion on how progress towards its achievement would be measured. - Hamel & Prahalad (1989) Strategic Intent Resource based strategy • The Strategic Capabilities of a firm depends on its resource capability. • Sustained competitive advantage stems from the acquisition and effective use of bundles of distinctive resources that competitors cannot imitate. – Barney (1991) Strategic Capabilities • Ability of an organization to develop and implement strategies that will achieve sustained competitive advantage. • It depends upon the strategic capability of the managers of the organization. • Its important to know where you are headed and how they will get there. The Fundamentals of Strategy Strategic intent Strategic Mgmt STRATEGIC FIT Resource based Strategy Strategic Capability Strategic Management: Understanding all inter-linking factors The Formulation of Strategy The process for developing a sense of direction. It’s a step by step affair to formulation of...
Words: 379 - Pages: 2
... Johnson Strategic Plan No one strategic model fits all organizations, but the planning process includes certain basic elements that all churches can use to explore their vision, goals, and next steps of an effective strategic plan. Strategic planning is a process that helps focus on aligning the unique gifts and resources that God has given your organization to take advantage of your opportunities. For the Christian, this is not simply projection-based planning but the realization that through prayer and obedience you can be a method to help bring about a future that is in position with God’s will. Through prayer, the framework for a plan can be established. We do the planning, but God does the directing. Simply put, a strategic plan is the formal road map that describes how your organization executes the chosen strategy. A plan predicts where an organization is going over the next year or more and how it is going to get there. A strategic plan is a management tool that serves the purpose of helping an organization do a better job, and it improves organizations because a plan focuses the energy, resources, and time of everyone in the organization in the same direction. Strategic planning does not have to be puzzling or time-consuming. In fact, it should be quick, simple, and easily executed. Additionally, strategic planning is not just something you cross off your list of “to-dos”—you must create a custom of strategic thinking, so your strategic planning does not become...
Words: 2562 - Pages: 11
..._______________________________________ CASE 8: Research In Motion: Managing Explosive Growth 1. BACKGROUND INFORMATION |Timeframe |Country(s) Involved |Key Individuals & Titles |Company Type & Size | | | | | | 2. BRIEF SUMMARY OF CASE SITUATION |Business or Industry Description |Particular Company Situation | 3. INDUSTRY AND COMPETITIVE ANALYSIS |Dominant Economic Characteristics |Strategic Group MAP | | | | | | | | | | | | | | ...
Words: 277 - Pages: 2
...TABLE OF CONTENTS DECLARATION 0 TABLE OF CONTENTS 1 1. EXECUTIVE SUMMARY: 3 2. FINDINGS 4 2.1 SWOT Analysis 4 3. DISCUSSION 7 3.1 Problem Summary: 7 4. RECOMMENDATIONS 7 5. SET UP PROGRAMME OFFICE 7 5.1 Programme Office setup 7 5.2 Changes the Organisational Design 8 5.3 Shaping the organisational programme 8 6. STRATEGIC ANALYSIS 10 6.1 Analysis 10 6.1.1 Core competencies 10 6.1.2 Organisational behaviour study 10 6.1.3 Organisational Vision and Mission 11 6.1.4 Balanced Scorecard based strategy implementation 11 6.1.5 Balanced Scorecard value creation perspectives: 12 6.1.6 Building a strategy map 13 6.1.7 Implementing a Balanced Scorecard Programme Management learning organisation structure 14 7. STRATEGIC DEVELOPMENT 15 7.1 SWOT analysis 15 7.2 PESTEL analysis 15 7.3 GAP analysis 16 8. STRATEGY IMPLEMENTATION 16 8.1 Creation of a strategy plan 16 8.2 Strategic Transformation Project Implementation Route 2 (Project route) 17 9. MANAGING ORGANISATIONAL CHANGE 17 10. INNOVATIVE CONTINUOUS IMPROVEMENT PROGRAME 18 11. REFERENCES 20 1. EXECUTIVE SUMMARY: Levis Strauss has been one of the world’s most successful brands in the fashion industry but is now subject to a falling market share and is no longer meeting the demands of its external environment. Levis leadership is ineffective and the approach taken to resolve its problems is futile, capital intensive and does not produce any results. The organisation will have to embark on a radical change...
Words: 4836 - Pages: 20
...Business Scenario Pt. 3 - Kaiser in Kava Mgt/350 1-12-12 Yvonne Richardson Implementation of a decision is necessary for any organization to move in the direction of accomplishing its planned objective. Monitoring and evaluation of the decision is also needed to have an effective implementation. What improves the performance of an organization is evaluating decisions. Evaluating decisions will inform the organization if the solution that was implemented met the objectives of the organization. This paper will discuss the logic and strategy for implementing a solution to Kaiser Permanente establishing a presence on the Island of Kava. The paper will also discussed is the influence of implementing and evaluating the resources and procedures vital for decision-making, and evaluates the ethical implications of a solution from the perspective of stakeholders. The mission of Kaiser Permanente is to provide high quality, affordable healthcare services and to improve the health of our members and the communities we serve (Crane, 2002). Kaiser feels the essential components for an organization to be successful on the Island of Kava is the commitment to satisfying their customers, increase the value of their shareholder, and boosting initiatives of the community are. Kaiser’s top and mid level management team have approved the proposal to build a first-rate medical facility on Kava. Creating a greater presence on Kava is one of the main goals to the resolution that Kaiser will put...
Words: 1316 - Pages: 6
...Strategic management is the process of specifying an organization's objectives, developing policies and plans to achieve these objectives, and allocating resources so as to implement the plans. It is the highest level of managerial activity, usually performed by the company's Chief Executive Officer (CEO) and executive team. It provides overall direction to the whole enterprise. An organization’s strategy must be appropriate for its resources, circumstances, and objectives. The process involves matching the companies' strategic advantages to the business environment the organization faces. One objective of an overall corporate strategy is to put the organization into a position to carry out its mission effectively and efficiently. A good corporate strategy should integrate an organization’s goals, policies, and action sequences (tactics) into a cohesive whole. To see how strategic management relates to other forms of management, see management. What Is Strategic Management? Strategic management is the art of managing employees in a way that maximizes the potential of achieving your business objectives. • Communicate short-term strategy goals to employees and then manage employees in a way that holds them accountable for achieving strategic goals. Long-Term Strategies Short-term strategizing is essential, but alone it is simply not enough to help you meet your goals in business. To realize your long-term goals, you also need to develop long-term strategies, i.e. strategies...
Words: 468 - Pages: 2
...Building and Ethical Organization Part One Vernida Wilcott December 3, 2011 HSM/230 Instructor: Axia College Building an Ethical Organization Part 1 Building an ethical organization is a major job. Determining what clients will be served and what services will be provide will allow us to develop how we will provide those services, and make it clear to all who work and volunteer at the organization what we expect from them. Community involvement has to be a part of our plan because of the nature and help needed to help support our mission. By involving all owners, staff, volunteers, and the community will be integral to the development of an ethical and functional organization. The involvement will lead to the success of our goal setting, mission, and values for the organization. Setting goals, mission, and values for the organization sets the tone for how it will function and how well the needs of the clients will be met. The organization that we are developing is a kitchen for hunger children in our community. The organization will be called Nida’s Place. There is no other organization in our community of this kind. We want the children of the community...
Words: 1137 - Pages: 5
...Strategic Management Process Paper Kirk B. Carlson MGT/448 August 17, 2011 Craig Clark Strategic Management Process Paper In order for an organization to achieve its long term objectives and goals the organization needs a strategic plan. The objectives and goals of the strategic plan are to become successful in business. The organization needs to evaluate the expectations and demands of the stakeholders when constructing a strategic plan. The author of this paper will discuss the components of the strategic management process and define the strategic management process of an existing organization. Components of Strategic Management Actions and managerial decisions that determine the long run performance of a corporation is called strategic management (Wheelen and Hunger. 2010). In order for an organization to develop an effective strategic management process the organization must first identify the organization’s mission, objectives, strategies, and policies. The mission of an organization is its reason for existence. The objectives are the planned results of the organization and when those results will be achieved. The strategies of the organization are the steps needed to accomplish the mission and objectives. The policies are the fundamental and ethical guidelines for making a decision on behalf of the organization. Reasons for Strategic Management Strategic management has been embraced by successful firms and has been accredited to the...
Words: 689 - Pages: 3
...changing interventions, business strategy and change in the HR Practices to be followed. Macquarie is the bank present in the Australia. And what changes occurs strategically in this relatively small banking organization. This case study deals with the various aspects of the organization and complexities and transition occurs in relation to other departments and economic factors. Business strategy, Change strategy and human resources practices are knitted together in an organization and have a great impact in overall structuring and functionalities of an organization. Not only will this approach of change being run in organization have a powerful impact on the appropriateness of HR interventions and practices in particular divisions or strategic business units. So understanding an organization’s change strategy is as critical to study as its human resource practices and its business strategy. Q1. Discuss the overall structure of the organization and then changes it felt after deregulation? Macquarie Bank is a relatively small organization in an Australian Market. Stating about the structure its function based on the collegial partnership system. It has some kind of units that can take autonomous decisions. It does not have a well developed Human Resource in an organization. Each of the units is well structures and inter-linked with each other. After the deregulation of Australian Financial Industry, Bank has gone for a expansion drive and be remain the most preferred bank in...
Words: 322 - Pages: 2
...of the customer experience, all customers are encouraged to provide feedback to help improve elements Wal-Mart may lack, as well as provide positive feedback in regards to what they’re doing right. Wal-Mart stays true to its mission statement by continuously returning to the wisdom of their founder, Sam Walton: “If we work together, we’ll lower the cost of living for everyone…we’ll give the world an opportunity to see what it’s like to save and have a better life” (Farfan). Strategic Goals/Plans: Level 2 It’s important to Wal-Mart’s future as a business, to continue expanding its customer base, increase sales, and stay innovative. It’s no easy feat to achieve, but when Wal-Mart noticed an increase in white-collar consumers because of the recent economic downturn, they seized the opportunity to accommodate their new demographic by embarking on an aspiring U.S. store remodel program as part of its three-year strategic plan appropriately named, Project Impact. At the center of this new plan are 10 strategic words: Save Money. Live Better. Win. Play. Show. Fast. Friendly. Clean. With Save Money, Live Better, Wal-Mart is hoping to establish trust with their customers by showing their continued devotion towards value, not just low prices. While price leadership is always an important strategy for Wal-Mart, they want their customers to feel as though they’re not just saving money, but...
Words: 1217 - Pages: 5
...Week 2 – Research Proposal Ed Rutkowski STR/581 October 15, 2012 Richard Bowman * Validating the Organizational Vision, Mission, and Values Statements * Validation of the organization’s vision, mission statement, and values statements is an ongoing process. At a minimum, annual reviews should be accomplished to ensure the accurately reflect the direction laid out in our company’s current strategic plan. Our mission statement should provide a general description of our fundamental reason for being and the functional role that our organization plays in our competitive environment (Mintzberg, Lampel, Quinn, & Goshal, 2003). All will be reviewed to certify that they accurately reflect our current status, competencies, and future direction as well. A focus group representing a cross section of employees will be convened to review these statements, with final approval for changes coming from the executive board. * External Environmental Analysis By conducting an external analysis, my goal is to identify the critical threats and opportunities in my company’s particular competitive environment. To a firm seeking a competitive advantage, an environmental threat is any individual, group, or organization outside the firm that seeks to reduce the level of that firm’s performance. Threats can increase a firm’s costs, decrease the willingness of a firm’s customers to pay, or in other ways reduce a firm’s performance (Pearce & Robinson, 2011). A considerable...
Words: 510 - Pages: 3
...Wal-Mart, Inc.: A Tribute to Sound Strategic and Operational Planning Ben F. Soares MGT/521 September 13, 2013 James Sternieri Company Overview: Wal-Mart, Inc. is a retail store that sells everything from clothing and groceries, to electronics, and computers. Established in 1969, the company employees 2.2 million workers, and operates 10,130 stores across 27 countries, which makes it the largest retail company in the world (www.marketline.com, 2013, p. 3-4). Wal-Mart’s net profits decreased by 4.2% to $15,699 million from 2011 to 2012, however; the company continues to grow, which is a tribute to their sound strategic and operational plans (www.marketline.com, 2013, p. 3). Mission Statement: Wal-Mart runs its business under the mission statement “We help people save money, so that they can live better” (www.ask.com, 2013, p. 1). This mission statement complements their company slogan, which states, “Wal-Mart. Always low prices. Always” (www.ask.com, 2013, p. 1). These statements help deliver Wal-Mart’s vision of operating as a low cost merchandiser, and form the basis for their strategic and operational plans. Strategic and Operational Plans: In order for Wal-Mart to achieve its goals it must formulate sound strategic and operational plans. Strategic plans are usually broad in scope, and deal with long-term objectives, usually three to five years (Warwick, 2013, p. 1). Operational plans tend to be narrow in scope, cover a one-year time frame, and outline a...
Words: 792 - Pages: 4
...“Management Planning Presentation” Fritz Gerald Pierre MGT 230 12/05/2012 Dr. Tamara Mangum Individual Management Planning Presentation Imagine you are an executive for BP, and you are preparing a presentation for the board of directors about the organization’s direction. Create a 10- to 15-slide Microsoft® PowerPoint® presentation, with speaker notes, in which you address the following: Evaluate the planning function of management as it relates to the organization’s goals and strategies. Use steps in the planning process outlined in the text. * Analyze the influence that legal issues, ethics, and corporate social responsibility have had on management planning at BP. Provide at least one example for each. * Analyze at least three factors that influence the company's strategic, tactical, operational, and contingency planning. Format your paper consistent with APA guidelines. http://www.scribd.com/doc/95091675/Management-Planning-Presentation Planning Part of the management function that involves setting goals and deciding how to best achieve them is called planning. [ Setting goals and developing plans helps the organization to move in a focused direction while operating in an efficient and effective manner. Strategies or plans are then developed for moving the organization closer to its goals. Types of Planning There are four types of planning a company can use; strategic, tactical, operational and contingency planning. Planning is...
Words: 348 - Pages: 2
...BOOST JUICE FRANCHISEE The boost juice Company has its own Mission statement: “To become one of the world’s most famous & loved brands!” To define it Strategic management is the process of formulating and implementing strategies to accomplish long-term goals and sustain competitive advantage. This strategy has various merits, which creates consistent brand image and quality of product. The acquisition growth strategy allows boost to grow faster than normal.in addition it’s a lot easier to finance by the bank. The franchisee strategy entails a few dangers associated with the model. Having to deal with fierce market competition from established brands and their popularity, managing seasonal inputs and acquiring a failing franchisee may drag the organisation down. This model also helps leveraging off synergy, from Salsa’s fresh mix grill. This subsidiary of Boost juice has complementary products to support its healthy image. Undoubtedly, the future strategic challenges must tackle problems like changing environments, conjuring a differentiation strategy and competition will always be a challenge coupled with sustainability struggle during off season. The biggest aspects that boost prides itself in its social responsibility that Boost Juice Bars have taken on is, the commitment to the health and wellbeing of its customers. Providing fresh produce and low calorie alternatives. Also its cups are made of bio degradable materials, reducing recyclable waste. Boost’s menu is...
Words: 384 - Pages: 2
