Free

BUS401 Wk 3 Discussions - Assignment Example

Comments (0) Cite this document
Summary
Planning refers to the coordination of resources over a given period with the aim of achieving a certain target. Planning encompasses a number of fields that include strategic, operational, and…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.5% of users find it useful
BUS401 Wk 3 Discussions
Read TextPreview

Extract of sample "BUS401 Wk 3 Discussions"

Finance and Accounting al Affiliation) Strategic Alternative Bundles Strategy is a roadmap formulated for the insight of long-term goals and visions. Planning refers to the coordination of resources over a given period with the aim of achieving a certain target. Planning encompasses a number of fields that include strategic, operational, and tactical planning. Strategic planning involves the implementation of the entire planning process. It is liable for turning the mere strategies into reality. Strategic planning is implemented on a one or two-year timeframe and it integrates the budgeting process.
Strategic alternatives are ideas that arise from the analysis of an industrial or market trend. The analysis of the current market condition is critical in determining which marketing strategies work well in given situations. The assessment of opportunities is crucial in a strategic alternative bundle. This enables the management to spot and take advantage of new customer groups as well as to expand into other geographical markets.
The strategic alternative plan also comprises of identification of the target market. The management must gather information to guide them in the potential consumer tastes and preferences (Nanjundaiah & Ramesh, 2010). The goals of an alternative strategic plan are important in the realization of greater revenue and efficiency. The strategies that transform the goals into results include pricing, promotional and distribution strategy.
The strategic alternative bundles should be implemented in a given period. The time line devotes each department to the time limit for the implementation of a task. Companies that need good strategic alternative bundles should adopt a strategy that suits their budget.

Contingency Planning
A contingency plan is the action that an organization implements in the event that an unplanned incident occurs (Nanjundaiah & Ramesh, 2010). The alternative plan is rolled out in case the expected outcome fails to materialize. The unfortunate happenings that hinder the materialization of plans are known as triggers. Companies that have contingency plans react quicker to disaster, stay ahead of their competitors, enjoy confident leadership and enables more accurate forecast on market trends.
A good contingency plan should be time conscious. It should define the phase for the implementation of a plan. The plan should identify the trigger and determine the situations under which the plan can be implemented (Nanjundaiah & Ramesh, 2010). The plan should be plain and in simple language. The plan should be considerate of available resources as well as identify the needs of everyone in the firm.
If I were to plan on three trigger / contingency pairs to counter the merger of two of my company’s competitors, I would start by communicating my plan to the organization. This way, I will inform individuals of their roles in relation to the plan. I would diversify the products of my company. The company deals with soft drinks but I would introduce other products such as water.
The pricing strategy would be the next strategy employed to keep the company with fixed revenue. The company would reduce operational costs to such a level that will push down the prices of our products in the market. The company will also have to implement an advertising strategy that will help familiarize customers with our price cut offers as well as do promotional campaigns that will serve to inform consumers on the quality of our products. These strategies will help to create loyalty amongst customers to the extent of growing the company’s brand in the next one year before the competitor’s merger.
References
Nanjundaiah, R., & Ramesh, S. (2010). Strategic planning and business policy (Rev. Ed.). Mumbai [India: Himalaya Pub. House. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“BUS401 Wk 3 Discussions Assignment Example | Topics and Well Written Essays - 500 words”, n.d.)
BUS401 Wk 3 Discussions Assignment Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/finance-accounting/1683404-bus401-wk-3-discussions
(BUS401 Wk 3 Discussions Assignment Example | Topics and Well Written Essays - 500 Words)
BUS401 Wk 3 Discussions Assignment Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/finance-accounting/1683404-bus401-wk-3-discussions.
“BUS401 Wk 3 Discussions Assignment Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/finance-accounting/1683404-bus401-wk-3-discussions.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF BUS401 Wk 3 Discussions

Question wk 3

...the target which is good for them as well. If they have some disagreements with my decisions, I expect them to make me aware of it privately rather than complaining publicly. My followers should keep all their discussions with me as a private matter and they should never discuss it with their colleagues. Such open discussions may create problems to me as well as to them also. They should accept all the responsibilities provided to them. I don’t like somebody capable of taking a responsibility, denying it when it is offered to him. My followers should reveal the truth or the exact reasons to me if they were unable to do something instructed. They should never hide any information related...
4 Pages(1000 words)Essay

Writing Assigment Wk 3

...would have been much better off simply sailing away without announcing his name, but needed to achieve glory. 2. The above decision probably was one of the worst ones that Odysseus made, because it foolishly prolongs his journey for absolutely no reason. His pride and hubris get in the way of his better judgment, and he continues to bait his enemies. It is understandable in the historical context, as a desire for glory was something that should have been at the heart of any Greek hero, but there are many times that Odysseus lets this impulse go a little bit too far, even for the Greeks, which is shown by Homer’s choice to punish the hero for his overly prideful attitude in that situation. 3. Odysseus’s main enemy is...
2 Pages(500 words)Assignment

Discussions 3

...in terms of services rendered. The value of the outcome includes its efficiency and effectiveness, not only if the goal of care is achieved, but also if its cost is to the minimum. These methods should be maintained by the hospitals, clinics and care providers by strictly adhering to the policies and standards of care set by a given body or organization. Discussion 3 Health is an essential concern of every country globally. Each nation considers health as a basic need and right of their citizen providing those policies and guidelines on how to access and avail basic health needs. The principal characteristics of US Healthcare Delivery is that it has no central governing agency to integrate and...
2 Pages(500 words)Essay

Global mgmt wk 3

...users, plus $495 for an initial 6-month support. It can be expanded to suit the growing needs of the users. It also includes annual license fee which is 15% of the software price. Pros: Combines ERP and MRP functions, unique self-help sales model, lower initial and incurring costs, free evaluation tool, self-implemented, convenient purchasing, upgradeable Cons: Good for small businesses only, annual license fee is required 3. Dynamic 3i Enterprise Edition Dynamic 3i Enterprise Edition offers 36 modules that coordinates different aspects or your company and promotes centralized management of resources. It also offers customizable tools that suit the needs of its end-users. It provides assistance in the management of...
5 Pages(1250 words)Research Paper

Unit 3 Discussions

...Running head: Unit 3 Discussions   Unit 3 Discussions u03d1 Technology and Role of School Counselor Technology has led to the improvement of school counseling since counselors are able to carry out numerous activities via social networks like Twitter and Facebook. Currently, most of the students are using the social networking sites thus counselors use these sites to pass announcements to the students. In instances in which the counselors require feedback, they use blogs like Kidblog to allow comments. Due to technology, some schools have set up their organizational page in which students and parents can become fans thus enhancing their interaction (Trae Turner, 2009)....
2 Pages(500 words)Essay

Social Status wk 3

...Social Status" week 3 al Affiliation: Social Status Social status is that relation we tend to show to people guided by the positionsthey occupies in our societies. These statuses differ according to the values people award them. A pilot for example may be given more respect and become valued than a hostess. This is because to become a pilot one must pass through stiff criteria that allow a limited number as the course requires outstanding grades coupled with a lot of money. Nonetheless, sociologists do not buy the believe that certain positions are more prominent than others (Fiske& Markus, 2012). Since status is inclusive of all societal positions one holds, a hostess may be seen to be lower in airplane position but...
2 Pages(500 words)Essay

Hydraulic Fracturing Wk 3 deliverable

...Hydraulic Fracturing Wk 3 Deliverable Hydraulic Fracturing Wk 3 Deliverable Legal Issues Safe Drinking Water Act People have urgedthat Hydraulic Fracturing does not consider the rules and regulations of the Safe Drinking Water Act (Loris, 2012). This is because it contaminates water in the ground and sea as the oil leaks contaminates drinking water. Energy Policy Act This policy comes in with regards to the injection wells caused by Hydraulic Fracturing. An injection well refers to a vertically drilled pipe which fluids are pumped and allowed to flow (Tiemann &Vann, 2011). These pipes have caused massive damage to the ground, and are considered unworthy for their task....
1 Pages(250 words)Assignment

Criminal Investigation Wk 3

...Criminal Investigation Wk 3 Criminal Investigation Wk 3 The use of biological evidence has become the most extensively used form of evidence in the criminal court proceedings all over the world. The DNA evidence in the courts has assumed the outstanding proficiency in the recent years among the law enforcement agencies. Moreover, the advancement in technology has increased the efficiency, reliability, and acceptance of the uses of the DNA (Ashcroft, Daniels, and Hart, 2002). Notably, the use of DNA evidences has proven as an essential tool that is adequate to reveal the guilt, acquit innocence, or exonerate the convicts. The application of the forensic DNA Technology has...
2 Pages(500 words)Essay

Homework Wk 3

...Homework Wk 3 Answer a. Inventories exist due to difference in timing of demand and supply of goods. There may be many causes for such mismatch between rate of demand and supply such as availability of product substitutes, slowdown in consumption, overestimation while preparing budget, etc. Generally, there are five different types of inventory namely, buffer inventory, cycle inventory, de-coupling, anticipation, pipeline. b. The difference between the types of inventory are: Buffer – Its purpose is to support unexpected rise in demand and hence known as safety stock Cycle – Occurs because one or more stages of production cannot supply all items simultaneously De-coupling – Allows processes to work independently Anticipation... – They are...
3 Pages(750 words)Assignment

Human service wk#3

...of the best qualities to clients. For the case of Barbara, she needs to identify a human services profession who will link Almeada to the right agencies based on her needs. At the micro level, i would recommend Almeada to search for a trained individual to take care of young kids. The advice will follow for families with the same challenges through providing guidance to accredited agencies. The macro level would require legislation to cater for such activities. Legislation requires working as a champion to enhance human services thereby making those in authority to learn about its importance. Assignment 3 Effective communication skills remain an essential aspect of human services professionals. These attributes ensure...
7 Pages(1750 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 Assignment on topic BUS401 Wk 3 Discussions for FREE!

Contact Us