Nobody downloaded yet

Business strategy - strategic planning process - Essay Example

Comments (0) Cite this document
Summary
As a college of technology whose prime duty is to churn out highly qualified and skilled individuals into the labour market to meet the demands of various industries, working in various capacities, Nescot needs to brace up to the challenges present to it in the Information Technology and Communication based industries.
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Business strategy - strategic planning process
Read TextPreview

Extract of sample
"Business strategy - strategic planning process"

Download file to see previous pages This scenario has led to the following problems that need to be addressed urgently:
The ITC companies look to colleges of technology such as Nescot to produce graduates with skills to handle additional areas such as internet based services, e-business with proficiency in design, content, multimedia and technical skills.
It is feared that if the trend is left as it is now, in a matter of two to three years, there will be a loss in GDP of about $200 billion and a further $100 billion in unpaid wages. As revealed by external investigation, it is an undebatable fact that human resource is a critical factor in ITC development policies. Lack of highly qualified staff constitutes a great set back to telecom development and quality service.
For Nescot to play her role in filling the vacuum of the shortage of skills in the ITC industry, the following important factors have to be looked into, i.e. finding out the strengths and weaknesses of NESCOT on the one hand and the opportunities and threats before her:
The strengths of NESCOT include its ability to introduce a new management to bring life into the school administration. This is a step in the right direction. It will most certainly rekindle the interest of its customers.
Another strength is the ability of NESCOT to diversify to areas where they can better utilize their expertise to re-establish themselves in the market. [In this case, the Information Technology expertise, etc]. It is good for them to seize the opportunity offered in the Information/Communications Industry. They should take advantage of the availability of good materials at their disposal in the form of good workforce to put them back on track. This will enable them to regain the lost ground and forge ahead in the ICT market.
Further is their seeming ability and the availability ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business strategy - strategic planning process Essay”, n.d.)
Business strategy - strategic planning process Essay. Retrieved from https://studentshare.org/technology/1503246-business-strategy-strategic-planning-process
(Business Strategy - Strategic Planning Process Essay)
Business Strategy - Strategic Planning Process Essay. https://studentshare.org/technology/1503246-business-strategy-strategic-planning-process.
“Business Strategy - Strategic Planning Process Essay”, n.d. https://studentshare.org/technology/1503246-business-strategy-strategic-planning-process.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Strategic Business Planning portfolio
...of multiple chemicals within a mixture” (Centre for Business Planning, 2011). The core marketing and distribution strategy held by the organization is to merge with existing companies who are in related trade and who have already established themselves as giants “process control original equipment manufacturers (OEM) that supply instrumentation to fine chemical manufacturers, pharmaceutical companies, and biotechnological companies.” The company’s initial capital for its venture is $1,500,000, which is hoped to $8m in the following year and $12m in the third year. With all these investment, “Vusion projects $57 million in revenue with $11 million in net income by Year 6”...
15 Pages(3750 words)Essay
Business Strategy & Strategic Management
.... (2010). Approved marketing plans for new products and services. [S.l.] : Iuniverse Inc. Cunningham, J. and Harney, B. (2012). Strategy & strategists. Oxford : Oxford University Press. Aaker, David. (2011). Make Your Competition Irrelevant. Harvard Business Review. Accessed on September 3, 2013, from http://blogs.hbr.org/cs/2011/04/make_your_competition_irreleva.html Uden, L. et al. (2013). 7th International Conference on Knowledge Management in Organizations: Service and Cloud Computing. Berlin; New York : Springer. Ziesak, J. (2009). Wii Innovate - How Nintendo created a New Market through the Strategic Innovation Wii. Mu?nchen GRIN Verlag GmbH. Siegemund, C. (2008)....
11 Pages(2750 words)Assignment
Business Strategy and Planning
...SAINSBURY Business Strategy and Planning Introduction The three questions in the work Assignment which are beinganswered in this paper relate to Sainsbury's plc, and incidentally to Tesco too, two of the top-ranking 'super-market stores' of UK. As background information, I think it is advisable to clarify, at least in my own mind, the birth, growth and the current position of these two institutions. I attempt to do this in a few paragraphs below. About SAINSBURY'S Sainsbury's was founded in 1869 by the Sainsbury couple, John James and Mary Ann, at 173 Drury Lane, London. By 1882 Sainsbury's had four shops, by 1900, 48; and by 1939, 244. In 1950, Sainsbury's introduced the 'American'...
8 Pages(2000 words)Case Study
Business: Strategic Planning
...an in detail strategy using the resources and finances you have to reach the point of destination where you want your business to be and follow that plan as an outline of guidelines to your plan for your organization to get where you want it to be. You must design your plans you want to follow and then activate them for your strategy based on where you want to be. You must identify strategic issues that you must overcome and consider factors to your in detail plan and try to activate the plan as securely and as efficient as possible. Theres the mission, focus, vision and...
6 Pages(1500 words)Essay
STRATEGIC PLANNING PROCESS
...the five competitive factors that are likely to affect Etihad’s business in the airline industry and will be used in this strategic plan to illustrate how the organisation can be affected by these competitive forces in its quest to expand its operations. PESTEL ANALYSIS OF ETIHAD PESTEL stands for factors which may affect the operations of business such as political, economic, social, technological, environmental as well as legal factors (Lancaster and Reynold 1999). These factors affect the operations of business and its viability in many ways hence the need to carefully consider them when venturing into something that is new to the operations of the...
13 Pages(3250 words)Essay
Business environment and strategic planning
...Business environment and strategic planning Introduction “Our real problem is not our strength today; it is rather the vital necessity of action today to ensure our strength tomorrow." – Calvin Coolidge, 2004 Firms, across various industries, today are striving to survive in an extremely competitive and highly dynamic business environment and hence must show high level of flexibility and adaptability to sustain their competitive positioning in the industry. The process of strategic management, as employed by various firms, in the ever changing and highly dynamic external environment requires being highly coordinated with their key objectives and goals in order to remain successful in their business ventures. The industry... a better place"...
14 Pages(3500 words)Essay
Role of Stakeholders in Strategic Planning Process
...requirements globally as well as proactively envisions a world where environmental hazards are kept at a distance (Shaw, 2012). This helps the UN charter of having a world free of pollution and degradation for the numerous societies of the world. References Deimler, M. (2008). How leading companies are stretching their strategy. Strategy & Leadership 36(4) Ghobadian, A. (2002). Formal strategic planning: The key to effective business process management? Business Process Management Journal 8(5) Hussein, M. (2008). Costs of environmental degradation: An analysis in the Middle East and North Africa...
2 Pages(500 words)Essay
Strategic Marketing and Marketing planning process
..., which, in order to be effective, have be well planned. Marketing planning process The marketing planning process, therefore, is the process of planning a marketing campaign for the product or service on the basis of information gathered from market research. However, the very first data to consider in the process of marketing planning is the overall business’ goals and objectives, because the actual goal of marketing is to achieve the set goals (Rooney, 2004). On this matter White and Uva (2000) distinguish three levels of planning activities that help...
5 Pages(1250 words)Essay
The Strategic Planning Process Scenario Analysis
...The Strategic Planning Process Scenario Analysis February 18, The Strategic Planning Process Scenario Analysis This paper seeks to present the capacity for change for Eastern Hills Elementary School at the time of Principal Jones assumption of office. The paper assesses Principal Jones’ approach to the introduction of change to the school’s faculty identifying instances that indicate the development of Principal Jones’ vision. The paper documents instances that demonstrate Principal Jones’ knowledge and understanding of information sources, data collection, and strategies for program development. The paper closes with...
2 Pages(500 words)Essay
Strategy Business Planning report
...STRATEGY BUSINESS PLANNING REPORT by + STRATEGY BUSINESS PLANNING REPORT Strategic planning is a process of management that aims at creating an alignment between the organisation’s objectives with the market opportunities. It involves the utilization of the organization resources in order to maximize the utility of the dynamic business environment (Bryson, 2011 pg. 06). Every organization is standardized on a given set of objectives and visions that oversee their whole business goals. They employ different strategies in the...
6 Pages(1500 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 Business strategy - strategic planning process for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us