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.
Nobody downloaded yet

Strategic Management Plan - Essay Example

Comments (0) Cite this document
Strategic Management Plan Name Institution Strategic management plan This is a field under the strategic management, and deals with key emergent and intended initiatives taken by the top management on behalf of the owners. These activities involve utilization of resources to enhance the firm’s performance in their external business environment…
Download full paper
Strategic Management Plan
Read TextPreview

Extract of sample
Strategic Management Plan

Download file to see previous pages... In reference to the reports and records from leading economist, they advocate that, any strategic plan should begin with the initiatives from the stakeholders (Mintzberg, 2007, p.37). In precision, strategic management is an activity under a high level of managerial practices whose basis is goals over tactics. This means that the management team must formulate goals which will out do its competitors’ strategies. By so doing, the organization will have the capability of maintaining a sustainable share in the competitive business environment. This is an article discussing the strategic management plan of PPQ Parts. It s location is in United States and it is leading in meeting its customers demand. The company has not set strong root in reference to its international business structure. The article analyzes the firm’s strategic plans for the next 4 years so as to meet the gaps in its structure. Among the company’s, four years strategic plans are:- 1. Increasing the number employees by from 5,000 to 10,000 (the 5,000 employees work in the branches within USA). 2. Increasing of equipment for international expansion will rise by 80% 3. Increasing the company’s world market share from 5% to 9% 4. Increasing the stock price from $10 to $22 5. Increasing annual profit share from 6% to 13% (the firm’s annually average profits is6%) 6. ...
one its corporate value) Other short term goals of the company are reduction in expenditures, high level of security, creativity and innovation, among others. This will act as the subsidiaries of the long term goals (Mintzberg, 2007, p.37). Environmental scanning of current conditions This is an explanation of the ongoing activities in the economy world. It encompasses different items, which in one way or the other may deter the achievement of the goals. These situations may also favor the achievement of the goal. It is the duty of management together with the other stakeholder to ensure that all stabling blocks do not affect the objectives. This will only be met by coordination and communication between different parties in the organization. In reference to the environment, there are many factors affect the process of meeting long term plans. This is because the plans work on the basis assumptions, by putting some of the parameters as constants yet they are not definite. These variables include changes in the economy, prevailing competition, and political stability (Chandler, 2010, p. 45). Economy PPQ is a company in the United; the national has a stable economy, thus favoring the stability of the economy. This is as a result of the government’s measures in protecting the business environment of the country. For the strategic plan to realist, the management of the company should consider the possibilities of changes the value of money. This is because, within the four years, there may be differences like those experienced in the year 2008 (global recessions resulting from changes in the price of oil). The company should be ready to offer terms that increase the rate of stock turnover. Other strategies, which are applicable to these instances, are innovation and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Strategic Management Plan Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/management/1443636-global-operations-management
(Strategic Management Plan Essay Example | Topics and Well Written Essays - 1000 Words)
“Strategic Management Plan Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/management/1443636-global-operations-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Strategic management plan - Global Operations Mangement
In this report, the strategic management plan of PPQ Parts for the next four years has been developed. In consideration to the information which the leaders of Precision Parts have provided to me, I have developed the following report for my client. Environmental Scanning The company that has been suggested for international expansion is China.
4 Pages(1000 words)Essay
Strategic Management Plan
A SWOT analysis also has been conducted to ascertain the strong and weak points as well as the scopes and threats. Based on these factors, few strategies have been developed that would help the company to hold on to its competitive advantage as well as stay ahead in the global competition.
8 Pages(2000 words)Research Paper
Strategic Management Plan for Sear's Holding Company
Strategic management refers to the procedure of developing an appropriate plan with due consideration to the short-term as well as the long-term purposes and aims of the organization.
3 Pages(750 words)Term Paper
Strategic asset management plan University of glamorgan
The Asset Management Plan is developed from the University’s academic mission, vision, plan and growth objectives. This ensures that the academic plan is supported by creation and maintenance of infra structure which will support imparting high education as also attract a greater and more qualified population to its wells of learning.
10 Pages(2500 words)Essay
Strategic Hospitality Management - A Plan for the Expansion of Accor
Accor is one of the largest hotel corporations in the world. At present, it owns more than 4000 hotels, with more than 450,000 rooms in 90 countries (Accor, 2003). More than a quarter of its hotel holdings are presently in the USA, with their flagship being the legendary budget motel chain Motel 6.
10 Pages(2500 words)Essay
Strategic Management Plan
on, objectives, and plan, along with the guidelines to integrate the whole program with the HR schedule in order for the successful strategic implementation. The given plan is designed for Lords Exporters Inc, to redesign its HR Department to enhance the overall HR functions.
4 Pages(1000 words)Essay
Strategy,Strategic planning and the tradtional steps to build an organizational strategic plan,Strategic management and Competititve Strategy
In totality, a strategy refers to the making of goals, the specific ways of achieving the goals and executing the resources to enable the
4 Pages(1000 words)Essay
Strategic Management
Strategic management requires extensive planning in any organization since the company’s future relies on prior set goals and objectives. The planning
8 Pages(2000 words)Essay
Strategic Action Plan for Food Waste Management
immings and peelings, inedible products such as bones, coffee grounds, tea leaves etc., and avoidable food waste such as out of date spoiled food, erroneous work place practices such as errors by the kitchen staff, large food portions leading to per plate wastage. The problem
12 Pages(3000 words)Essay
Talent Management Strategic Plan Talent for Candlelight. Inc
Some challenges of the business include depleted talent, lack of motivation, poor management, resistance to change, poor public image, employee turnover, and no training and development. Its strengths include financial performance, global reach, and innovativeness. This involves an analysis of where the organization is now.
1 Pages(250 words)Essay
Let us find you another Essay on topic Strategic Management Plan for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us