StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Strategic Planning - Case Study Example

Comments (0) Cite this document
Summary
In the early days Joe Papa the owner was the only person who used to make all the decisions regarding the future of the company. Even he was the sole person to determine the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.5% of users find it useful
Strategic Planning
Read TextPreview

Extract of sample "Strategic Planning"

Strategic Planning Table of Contents Introduction 3 Recommendations 3 Works Cited 5 Introduction The Great Italian Food Company (GIFC) is in the course of improving its business and profitability. In the early days Joe Papa the owner was the only person who used to make all the decisions regarding the future of the company. Even he was the sole person to determine the business strategies. Now with the passage of time his children grew up and have taken the responsibility to run the business with their personal ideas. In the context of the study, I have been hired on a short term basis for the purpose of assisting the company in reviving their strategies. In the next part of the report I will be highlighting the areas on which the company needs to stress more and will also make some necessary recommendations.
Recommendations
The first thing that GIFC needs to accomplish is that it should define its business, goods and services and also the target customers. Also defining a clear vision for the organization which clearly expresses the intentions of the company and where it wants to be in the future will also help to serve the purpose. Defining their thoughts on social responsibility, culture and ethics will further strengthen the standings of the organization.
The company can think of commencing operations in the global market by using effective expansion strategies. This will not only help the company to earn more revenue, but will also allow them to cater to a number of segments around the world. However the growth is directly related with the quality of their service, level of customer service and also the location of the outlets.
The company should understand its weaknesses in order to identify the areas where they need development.
In order to develop core competencies for itself the company must focus on various aspects. Some of the evident factors are variety of dishes, authenticity of the ingredients, and ambience of the outlets. Furthermore the company should also develop a strong customer relationship management tool, which will ensure highest level of customer satisfaction and they could even become a word of mouth promoter for the company.
The company should promote itself with the help of television advertisement, fliers in the form of discount coupons and also promotion through newspaper will help top serve the purpose.
One of the important suggestions for the company is that while getting into any new kind of activity, the company should perform an analysis of the macro environment. This will help them to make decisions purely based upon the external situations and can sustain with it for a longer period of time.
Nevertheless strategic planning can also be an effective tool, if properly utilized by the company.
Strategic planning is defined as the process by which the management personnel of the company decides about the objectives of the company and also defines the proper courses of action required to achieve the objectives (“Strategic Planning”). It is also referred to as a management tool that ensures employees of the organization are working towards the same goal (“What is strategic planning”). In this context the board of directors for the company must consider one among single, standing and contingency plans.
After determining the best possible solution and based on the evaluation, it should prioritize the plans in a systematic manner. The implementation of the plans should be the next step. Nevertheless the company should also consider controlling the implemented strategies. The aforementioned recommendations will help the company to gain more market share as well as become one of the strongest retail food chain of the country.
Works Cited
“Strategic planning.” Cambridge Dictionaries Online. Cambridge University Press, 2011. Web. 01 Sep. 2012.
“What is strategic planning.” Namac. National Alliance for Media Art & Culture, 2009. Web. 01 Sep. 2012. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Planning Case Study Example | Topics and Well Written Essays - 500 words”, n.d.)
Strategic Planning Case Study Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/management/1602271-strategic-planning
(Strategic Planning Case Study Example | Topics and Well Written Essays - 500 Words)
Strategic Planning Case Study Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/management/1602271-strategic-planning.
“Strategic Planning Case Study Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/management/1602271-strategic-planning.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Strategic Planning

Strategic Planning

...? Outline A. Planning Strategically in Nonprofit Management Multiple Choice Fill in the Blank a. Question b. Answers 2. The Strategic Plan a. A predetermined course of action. 3. Importance of Strategic Planning a. Planning is the most important thing. 4. Key Planners to Implement the Plan a. There are many Key Planners. 5. Essential Element a. There are many Essential Elements to a strategic plan. 6. Current Challenges a. Ethics, and codes are very challenging issues. Management October 18, 2011 Planning Strategically in Nonprofit...
4 Pages(1000 words)Essay

Strategic planning

...? Strategic Planning Strategic Planning What creates the need for scenario development? Strategic planning is an instrument incorporated by management to ensure that all of its components are working towards realizing an organization’s goals. It has long been used to transform, and revitalise organizations in many areas of the world. Businesses, whether profit or non-profit, are incorporating these strategies in order to better their situation in the global market. The political and economic standing in many countries, today, has caused the change in many organization’s plans (Grant, 2005). This is in order for them to...
3 Pages(750 words)Assignment

Strategic planning

...?Outline For final Research Paper I. Introduction II. Video case study a. Brief history of Company b. Components of environment c. RBV Analysis of organization III. Identify functional Control systems IV. Identify dysfunctional control systems V. SWOT Analysis of organization a. Strengths b. Weaknesses c. Opportunities d. Threats VI. Interpret criteria for developing and evaluating criteria for control systems a. Criteria for Developing Controls b. Criteria for Evaluating Controls VII. Analyze and illustrate the essentials of quality management a. Benchmarking b. Knowledge management c. Utilization of general quality management skills VIII. Conclusion a. General Statements about Wal-Mart. b. Strategic...
8 Pages(2000 words)Research Paper

Strategic Planning

...?Hope for Sing Sing Correctional Facility A Strategic Planning It is believed that to be imprisoned is not an option which people would like to experience in their lives. Ignored by the society or surrounding and even the difficulties of getting a job after becoming inmates, might be two out of many reasons that an ex-inmate would most likely lose his or her confidence to continue life. Hope University will definitely take part through actions which are continuously useful for those incarcerated. The purpose of the project is to provide basic college knowledge, which will prepare them for employment after they are released from prison. In this time, the pilot project will be started at Sing Sing...
3 Pages(750 words)Assignment

Strategic Planning

...? Strategic planning Introduction Strategic planning is a formulated approach which is sequentially made aimed at creating and upholding favorable and appropriate ground for operation. It involves leaders and variable ideas to be applied on procedural activities to contribute to success. Strategic planning may also mean a directed approach which is deliberately created to satisfy the need of the audience. It encourages the sharing of ideas through participation and therefore results into right judgment. As a result efficient decision making can be achieved through thorough analysis and successful implementation of policies and promotion of learning between the stakeholders (Langford & 2001). It is therefore needed for the proper... ...
4 Pages(1000 words)Essay

Strategic Planning

...? Strategic Planning Table of Contents Table of Contents 2 Context of the Study 3 Part Research 4 Macro-environment 4 Argentine Educational Sector5 Underlying Challenges 7 Part 2- Strategic Options and Choice 8 Option 1(Longitudinal Perspective) 8 Option 2 (Cross-sectional Perspective) 9 Part 3- Human Resources 11 Cultural Difference 11 Building Relationship 11 Communication and Negotiation 11 Reference 13 Context of the Study According to Donnelly (2004), educational system in Ireland has reformed after the political reform of the country during 1990s. Irish colleges have changed their age old stance of focusing only on domestic students. Globalization of educational system has forced...
6 Pages(1500 words)Assignment

Strategic planning

..., Tesco has successfully created an environment that is different from other retail stores. In the consumer, research customers are observed browsing and taking their time in choosing product items as they do the entry level. By following this consumer-led Tesco was able to ensure the delivery of exactly what the customer wants or needs hereby leading to increased sales at the counter and thus proved to be a most convenient way of business. The emergence of new markets and new opportunities means that few businesses can afford to ignore the impact of emerging markets. Consequently, these new markets are putting more pressure on corporate level of Tesco to operate and plan globally. Competitive success is now seen as a...
12 Pages(3000 words)Essay

Strategic Planning

...in creating a sustainable coastal management plan. It will work towards achieving a well managed coastal area with planned development and sustainability of the eco-system. In the next 10 years, the agency would like to see a rehabilitated coastal region where soil erosion is greatly controlled. This will involve coming up with strategic plan that will ensure that the situation at the coast is mitigated. The agency would also want to see a management board put in place in order to manage different resources at the coast to ensure the regeneration of the natural resources and maintenance of biodiversity. In the future, a agency would like to see the collaboration of...
10 Pages(2500 words)Essay

Strategic planning

...Strategic Planning Characteristics of Kaiser Permanente It is a nonprofit healthcare organization. It is a big sized organization and has nearly 185000 employees. The size is measured considering the total number of employees working for the organization. The organization is based in California. The organization shows good overall financial performance every year. The organization provides jobs to medical professionals and a good HR structure. The managers do effective strategic planning to provide healthcare facilities to its members. States’ policies and government structure influence the pace or time lines of strategic planning. Characteristics of Google It is an internet-based organization. It is a small sized organization... . The...
1 Pages(250 words)Essay

Strategic planning

...Strategic Analysis: Next Public Limited Company By: Table of Contents Table of Contents 2 1 Business Overview 3 1.2 Business Model 3 2.0 Macro-environment Scrutiny: Pestle Framework 4 2.1 Political 4 2.2 Economic 5 2.3 Social 5 2.4 Technological 5 2.5 Legal 5 2.6 Environmental 6 3.0 SWOT Analysis 6 3.1 Strengths 6 3.2 Weaknesses 6 3.3 Opportunities 6 3.4 Threats 7 5.0 Strategic Commitment 8 8.0 Appendix 12 1.0 Introduction 1.1 Business Overview Next Public Limited Company, known as Next plc, is a fashion enterprise that opened its doors in February 1982 and has been making momentous inroads within the retail industry since then. As of 2014, the organisation had 541 functioning stores within UK and Eire...
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 Case Study on topic Strategic Planning for FREE!

Contact Us