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

Strategic Management Planning - Essay Example

Cite this document
Summary
In response to your request in evaluating the strategic management of Brithinee Electronics I have used the Porters PEST analysis, tried covering the SWOT analysis by looking at the company's strengths, weaknesses, opportunities and threats. I have also analyzed the financial status of the company by applying the ratio analysis…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Strategic Management Planning
Read Text Preview

Extract of sample "Strategic Management Planning"

Download file to see previous pages

Their number of customers is accruing on a steady basis. Despite of all this there are certain serious issues which need to be taken into consideration for the company to achieve success in all the areas. After reviewing the whole company through the process of Porter's analysis, SWOT analysis, financial analysis and Mckinsey analysis I have gathered certain issues, which if handled the company can do hundred times better then their current output. Those customers who could not pay for their repaired motors used to leave their motors with the company.

The company can facilitate them in the form of paying their amounts through installments. Here the company would not have to worry about the untaken cars but just would have to keep track of the installment payments. This would leave extra space within the workshop. No doubts that the company has UL certification, but the awareness of ISO certification is making the customers more conscious as to where to buy the service. Having the ISO certification would help us also cater those customers who are ISO conscious for the quality provided.

The company is not giving any salary appraisal automatically. In order to motivate their staff and maximize the output, the company should pay its employees in the form of piece rate. Here the staff would be paid some base pay as well as extra pay on each motor that they have helped in repairing.7. Finance The company is in dire need of accountants. A lot of stuff is being done on the basis of historical data, which would be unhealthy in the long run.8. Research and DevelopmentDo research on electric motors to be used in water industry as the analysis shows that there would soon be changes being made in the water industry.9. InnovationBe innovative and creative in manufacturing sophisticated devices.10. ResearchThere have been unknown reasons for winding failures.

Why not hire some skilled workers to research on this problem. A solution to it would be a lottery for the company.11. Customized Control PanelsBrithinee has a competitive advantage over making customized control panels. Why not advertise our capabilities to let the untapped market know of our skills.12. Research The company is losing quite amount of money due to its gas emissions. There is always a solution to cut down costs. Find out ways as to how to reduce these harmful emissions. Look for what other repair shops are using.13. Customer SiteFind solutions for catering the customers at their own site.

The more we expand our services the more

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Management Planning Essay Example | Topics and Well Written Essays - 3750 words”, n.d.)
Strategic Management Planning Essay Example | Topics and Well Written Essays - 3750 words. Retrieved from https://studentshare.org/miscellaneous/1504792-strategic-management-planning
(Strategic Management Planning Essay Example | Topics and Well Written Essays - 3750 Words)
Strategic Management Planning Essay Example | Topics and Well Written Essays - 3750 Words. https://studentshare.org/miscellaneous/1504792-strategic-management-planning.
“Strategic Management Planning Essay Example | Topics and Well Written Essays - 3750 Words”, n.d. https://studentshare.org/miscellaneous/1504792-strategic-management-planning.
  • Cited: 0 times

CHECK THESE SAMPLES OF Strategic Management Planning

Strategic Management Planning for Domestic and Global Competition

The present assignment "Strategic Management Planning for Domestic and Global Competition" investigates when and why it is important for a company to globalize.... The process of a firm going global begins with export-import activity, then minimal change in operation or management, then direct overseas investment to be followed by the most involved phase of substantially increasing foreign investment.... nbsp;The four main strategic orientations in global firms as identified by Pearce and Robinson (2012) include ethnocentric, polycentric, regiocentric and geocentric orientations....
6 Pages (1500 words) Assignment

Strategy Planning of a Business Process

s a formalized business process, strategy planning has been in place for as long as four decades ago.... However it is commonly observed that most organizations have no idea of where to head to and even if they know that, they don't know how to conduct the planning process effectively.... Luckily, since the past decades, steps have been taken to make strategy planning and execution more effectively.... Such processes are mostly managed by the top management....
5 Pages (1250 words) Essay

Why All the Management Needs to Have a Strong Strategic Preparation

hellip; By management can enhance the efficiencies and effectiveness by exploring the operational risk elements in the context of Strategic Management Planning, by discovering risks at the very initial point possible in the management life cycle and by making sure that stakeholders should be aware of management risks earlier than any implementations.... Nevertheless, a planning process ensures that:Each organisation needs to determine the extent to which it needs a formal strategic plan versus direct-to-implementation plans....
5 Pages (1250 words) Research Paper

Competitive Advantage

?strategic management: Planning for domestic & global competition.... This is better termed as competitive advantage and its entails a company having pool of dynamic skills, strengths and abilities that will propel it far above its competitors.... In addition to… being the very best in the industry, some companies find it more appropriate to differentiate their products and services from those of other companies (Pearce & Robinson, 2012). ...
1 Pages (250 words) Assignment

What Is HRs Role in Strategic Management Planning Process

2 Pages (500 words) Essay

Strategic Control

strategic management: Concepts and cases (10th ed.... strategic management (Rev.... strategic management: Planning for domestic & global competition (13th ed.... Of the four types of controls, premise and strategic surveillance controls are the most efficient in the identification of the different needs of the company, and that of its customers (Jeyarathnam, 2008).... For instance, under premise control, an organization would analyze the basic assumptions of a strategic plan, for purposes of finding out whether they will be effective when there are changes in business operations, customer's needs, and competition....
1 Pages (250 words) Essay

Southwest airline

strategic management: Planning for domestic & global competition.... It involves a framework that guides the firm to a competitive positioning and this is enhanced by the strategic managers.... he strategic managers of Southwest Airline use this strategy in a way that they strategically select the production and marketing methods that lead to a reduction in cost....
1 Pages (250 words) Essay

Strategic Management Planning and Performance of Any Company

It is evident that the crucial role of culture in strategic management, as well as implementation of the emergent approach, are two core issues of the research paper.... For this purpose it is relevant to involve strategic management, a special discipline which discusses “choosing the right place for defining a unique position, making clear trade-offs, a tighter fit; it involves a comprehensive approach to managing all important aspects of the company's internal environment and it therefore significantly differs from other management techniques” (Child, 2005)....
11 Pages (2750 words) Research Paper
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.
Contact Us