Nobody downloaded yet

Strategic Plan, Part I: Conceptualizing a Business - Essay Example

Comments (0) Cite this document
Summary
Introduction In the highly fluctuating business dynamics, Fast food restaurants have huge market potential. In the cutting edge business paradigms, the fast food centers provide the professionals and working population with much needed outlet of relaxation from the stress of hectic work schedules…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
Strategic Plan, Part I: Conceptualizing a Business
Read TextPreview

Extract of sample "Strategic Plan, Part I: Conceptualizing a Business"

Download file to see previous pages It ensures customer satisfaction by meeting the changing requirements of its customers across geographical boundary. The restaurant was primarily conceptualized in terms of changing paradigms of competitive business in the era of transforming technology and rapid globalization. Its strong vision, mission and value system have helped it to maintain its niche market position even during recessive business environment. It caters to the demands of its customers coming from different demographic segmentation. Indeed, its current success can be contributed to the long term vision of its founding members who had realized at the outset the importance of customer satisfaction. Vision, mission and value system of business The vision and mission are critical elements of success for the business as they provide it with strong motivation to be creative and consistent in its performance (Pierce & Robinson, 2009). The vision and mission of the business can be described as below: Vision Our vision is primarily focused on becoming the best fast food restaurant in the world that is able to meet the challenges of time with exemplary efficiency and unmatched proficiency. Mission The mission statements of our business would reflect its customer centric policies through planned strategic initiatives so as to meet its long term vision. Become the best fast food restaurant and establish brand credibility in the field of food and hospitality services. Anticipate customer’s changing needs and provide multiple services from single window. Grant, (2007) believes that identifying and analyzing changing demands of the customer is a key to the success of a firm. The restaurant would continuously analyze its customer database to meet the changing requirements of its customers. Provide quality customer service that is affordable and facilitate customer satisfaction at all levels of communication by meeting their requirements and demands. Value system Core values of the organization are its major strength that provides it with strong edge to maintain its competitive advantage. Its core values are inherently aligned to its goals and objectives of providing state of the art customer service and quality food at competitive prices. Its value system broadly works within the following precincts of guidelines and strategies: It is committed to diversity at workplace and promotes equity amongst its workforce. Helps create conducive environment and facilitating ambience for its customers cutting across the divide of race, culture, color and nationality. It ensures ethical considerations in its business dealings with all its stakeholders like customers, suppliers, shareholders, investors and public at large. It is committed to accountability in its action, honesty, fairness and integrity within its business operations. It strongly believes in sustainable business practices and encourages environment conservation within and outside its business operations. Strategic business plans The business goals and objectives create value through customer satisfaction. The restaurant would use state of the art technology to provide the customers with ultimate experience of comfort, relaxation and quality product and services at affordable prices. It would take into considerations the need and requirements of the customers through customization of products as per their changing preferences. At the same time, it would ensure that food has adequate nutrition by providing ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Plan, Part I: Conceptualizing a Business Essay”, n.d.)
Retrieved from https://studentshare.org/business/1428872-strategic-plan-part-i-conceptualizing-a-business
(Strategic Plan, Part I: Conceptualizing a Business Essay)
https://studentshare.org/business/1428872-strategic-plan-part-i-conceptualizing-a-business.
“Strategic Plan, Part I: Conceptualizing a Business Essay”, n.d. https://studentshare.org/business/1428872-strategic-plan-part-i-conceptualizing-a-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Strategic Plan, Part I: Conceptualizing a Business

Strategic Plan, Part II:

...Lecturer: Strategic Plan, Part II SWOT Table Summarizing the Findings Internal Forces Strengths Leadership The organization willtrain employees to enable them meet customers’ expectations effectively; thus achieving a competitive advantage. Organizational leaders should offer training programs and encourage leaders to apply effective leadership skills in the organization. For instance, leaders will motivate employees, communicate and listen to their followers, as this will create changes in an organization. Goals The organization will work towards achieving their stated goals of offering nutritious and affordable products; thus will serve as their strength to improve...
4 Pages(1000 words)Term Paper

Strategic Plan Part 1

...? Strategic Plan Part I Introduction In keeping with the spirit of Obama Health Initiative and getting inspired from it, my new business aims at producing and serving the fresh, organically grown a special class of herbs and fruit based juices that are rich in antioxidants. Antioxidants not only improve immune power of the body but also help remove free-radicals (toxins) that are considered in the root to cause and develop most of the cancer causing diseases. The new business will mainly use amla (Indian gooseberry) and mangosteen (a tropical fruit from countries such as Indonesia, Malayasia) as fruits supplemented with ginger, elder and...
4 Pages(1000 words)Research Paper

WK1_Strategic Plan, Part I: Conceptualizing a Business

.... Most of these business opportunities are highly innovative in nature, while some are routinely traditional in nature. However, the evolution of the new business opportunities simply represents the fact that various companies around the world will be trying to gain advantage of the opportunity that is evolving in these new markets. This will automatically trigger an increase in competition in the marketplace. So, in order to gain a competitive edge in the marketplace, it naturally becomes very important for a company to design a specific and well planned strategic move. Now talking on those lines, it can be said that the planning of the...
4 Pages(1000 words)Essay

Strategic Plan, Part I: Conceptualizing a Business

.... In addition, the company will strive to offer products that cannot be sold to charity groups, in an attempt to create a positive impact to the community, as well as promoting positive image of the company (Pearce & Robinson, 2004). Analyze how the vision, mission, and values guide the organization’s strategic direction. The organization’s strategic direction is influenced by mission, vision, and values through definition of different aspects of the organizational goals. For example, the mission defines the purpose of the company, and how it plans to provide its customers with goods and services. Such mission can be used by employees and investors to make important decisions affecting...
4 Pages(1000 words)Essay

STRATEGIC PLAN, PART II

...? Strategic Plan, Part II How the organization adapts to change One of the most significant changes that are taking place in the movie industries includes where the movies are actually consumed. Sometimes ago, many people used to frequent cinema halls for entertainment, but this has since waned following the explosion of TVs as movie channels. Furthermore, the likes of Netflix and VoD have eliminated the need for movie viewers to go to cinema halls, since they can watch movies at the comfort of their homes, at a much lower cost. These developments have proved to be a real problem for Veraz as they reduce its potential revenue sources, but the company has adapted to this problem by adopting 3D, which is actually getting people back... capital...
4 Pages(1000 words)Admission/Application Essay

Conceptualizing Part Time Work

...Conceptualizing Part Time Work According to the study of Boje and Leira in 2000, part-time work among women is considered to be a pertinent issue forcross-national comparison as it emphasizes numerous controversies in comparative research, for example, whether or not there are universal laws of convergence in social development. These arguments were renewed by the convergence thesis of industrialism and the subsequent rejoinders which give more salience to the diversity of industrial and political development. Universal trends in part-time work can be seen across countries: it is primarily performed by women; it is often associated with marginal employment; its expansion...
14 Pages(3500 words)Essay

Strategic Plan Part I Organizational Structure

...Strategic Plan (Part I) 20 October Introduction The business strategy of any firm consists of the various plans,choices and decisions used to guide a company to achieve its corporate objectives, greater profitability and success (Kourdi, 2009, p. 3) in the long term. In other words, it is the deliberate actions of getting the firm from here to there. Powerful changes in the business world due to technological changes are re-shaping how managers will formulate, select and implement effective business choices. A corporate strategic plan is good for 3-5 years only but some...
6 Pages(1500 words)Essay

Strategic Plan,Conceptualizing a Business

...has carried out a market research and established customers like getting all services under one roof. Thus our strategy of availing all these services and products in one building will increase our customer base. Also our prices are fair and we aim at tapping mainly the middle class at the same time ensuring quality services and products. The client base targets individuals between the age of 20 and 48 which are the major users of beauty products. We will provide refreshments and other recreational facilities for our clients. References Hormozi, A.M., Sutton, G.S., McMinn, R.D., & Lucio, W. (2002). Business plans for new or small businesses: paving the path to success. Management...
3 Pages(750 words)Essay

Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business

...Business Model & Strategic plan Affiliation Executive Summary Business Plan Caterpillar Inc. hopes to create a customer-centered service dubbed order-service delivery system. This is an innovative business service that would play a critical role in enhancing brand and positioning strategies of the company in a competitive market. In the wake of modern technology, the innovation and technology team hope to place the company strategically by creating a technology-integrated platform that the consumers would order items and the machinery products are delivered...
6 Pages(1500 words)Research Paper

Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business

...Business Model Strategic Plan al Affiliation) Kimberly-Clark is a multinational company that is passionate about providing people with the essentials for a better life by making life more comfortable to daily routine through their products. The company therefore values its customers and it’s the reason the company places its customers at the centre of what they do. On the other hand, billions of customers worldwide choose Kimberly’s products because of the satisfaction they get from these products. The company is known for its massive production of personal care products. However, the company operates in three different segments. They are the personal care where the company produces...
5 Pages(1250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Strategic Plan, Part I: Conceptualizing a Business for FREE!

Contact Us