Unit Name: Business Strategy – 7 Assessors: Egya Gyamfi Student: Sulaiman Adebakin
Introduction In this part of the assignment I will be defining and explaining mission, vision, objective, goals & core competencies, I will also be distinguishing the difference between each point and the role they play in the operation of a business, I will be reviewing the issues involved in strategic planning and explain the different planning techniques.
About Walkers Walker is a British snack food manufacturer operating in the United Kingdom and Ireland and to a lesser extent on the European What is a strategic planning technique? Strategic planning is the managerial process of developing and maintaining a strategic fit between the organisation’s objective and resources and its changing market opportunities. Strategic plans should integrate the activities of the whole organisation and set out a timetable for the completion of relevant part of the plan. Strategic thinking involves thinking ahead so that you can shape the future of the organisation and its relationship with the environment, rather than simply reacting to environment change. Strategic thinking graph: Gaining and maintaining competitive advantage Gaining and maintaining competitive advantage Needs of customers Needs of customers Future direction of competition Future direction of competition
Needs of customers Meeting the needs of customers is an important thing due to the fact, customers are the most important people in an organisation due to the fact they will be the number one source of finance to a business. Strategic planning lays the anticipation and fulfilment of customer requirements and needs. By making sure that the needs of customers have been met it will keep the customer satisfied which will mean that they are more likely to purchase from your organisation. Apple being a well-known organisation will mean that customers will have high expectations of good products, by
What is strategy? At the most basic definition, strategy is defined as "a plan of action designed to achieve a long term or overall aim" (Oxfor Dictionaries definitions: Strategy, 2013) . But in the context of the business environment, strategy is a very important tool used by all successful entities in almost every facet of their operation. We will look at an in depth definition of what strategy means in a business context. To understand this is to understand the business environment, and the…
Business Strategies -Home Depot and Lowe's dominate the market. Volume discounts allow large companies to offer extremely competitive prices. Home Depot In the 1990’s, Home Depot followed a differentiation business model. It focused on distinguishing itself from the competitors with knowledgeable, helpful employees, brand-name products, and a unique customer experience (Brown, 2007). As the home improvement retailing industry matured and became less fragmented, Home Depot recognized the need…
Systems Strategy Triangle a. Relates the business strategy with the IS strategy and the organizational strategy b. Purposely design the organization and there IS strategies to complement their business strategy c. Business, IS, and organizational strategies must be adjusted constantly d. Alignment – the situation in which a company’s current and emerging business strategy is enabled, supported, and unconstrained by technology i. Higher states are synchronization and convergence 3. Strategy – coordinated…
Diversification Strategy OUTLINE • • • • • • Introduction: The Basic Issues The Trend over Time Motives for Diversification - Growth and risk spreading - Diversification and Shareholder Value: Porter’s Three Essential Tests. Competitive Advantage from Diversification Diversification and Performance: Empirical Evidence Relatedness in Diversification Objectives • Define corporate strategy, describe some of the reasons why firms diversify, identify and describe different types…
BUSINESS STRATEGY Apple Case Study MQP-Business[Group 1] Chinedu Madubuike (Murphy) Siyan Zhu (Laceiz) Yucheng Li (Levy) Hongrui Xu( Carey) CONTENT LO1. 4 INTRODUCTION 4 HISTORY 4 MISSION AND VISION 5 DEFINITION OF STRATEGY AND STRATEGY PLANNING CONCEPTS 6 APPLE CURRENT STRATEGY 7 LONG/ MEDIUM TERMS GOALS 8 PRODUCT LIFE CYCLEProduct Life Cycle 9 LO2. 10 PESTEL ANALYSIS 10 SWOT ANALYSIS 17 ANSOFF MATRIX ANALYSIS 21 ANAYLIZING APPLE INC WITH PORTER'S FIVE FORCE 24 BOSTON MATRIX 33 LO3…
BUS6A2 - BUSINESS STRATEGY Fall Term Academic Year 2012/2013 Module Outline Booklet Module Leader: Mikko I Arevuo BA in International Business European Business School London Faculty of Business and Management, Regent’s College, London Module Code: Bus6A2 Module Name: Business Strategy – Managing and Thinking Strategically in a Rapidly Changing International Environment Academic Level: 3 Credit Value: 20 RC/10 ECTS Status: Core Formal student hours: Contact: 48 hours Self-directed…
Running Head: FACEBOOK Business strategy for Facebook Table of Contents Executive Summary 3 Introduction 5 External analysis (Industry analysis) and internal analysis 5 Strengths of company 5 Weaknesses of Company 6 Opportunities of company 7 Threats of Company 7 Problem Statement 8 Criteria for evaluating Strategic alternatives 9 Three strategic alternatives and evaluation 10 Expand the global user community 10 Build engaging mobile practices. 11 Advance ad products…
Task 1.a Business organisations often try to acquire their customer’s interest and activity from their competitors. To compete with others they have to find out which financial commitment needed to make, which services or products needed to pursuit, which HRM implication needed, which organizational structure need to be adopted in terms of their internal strengths and weakness. This analysis is known as business strategy. According to Johnson et al (2004) business strategy is the path and opportunity…
Frank’s Enterprises for Express Foods, Inc. Small Business Management – BU-3000 Marie Kight March 3, 2013 Executive Summary Frank’s Enterprises for Express Foods, Inc. is a small food service company that was open in 1997 in California. Frank’s specialized in fast food for company owned portable carts in high density urban office locations. The board of director approved for them to borrow $1 million dollars from three different banks in order to improve and expand their marketing…
