Able Corporation Business Plan Report

There has been a large amount of research into what strategy is, since Michael Porter’s perennial work in the 1980s. Studies done on the execution of strategy have been far less numerous. However, there is one major understanding about the execution of strategy. The execution of strategy is a vital part of success in business. A summary of many myths surrounding various strategic executions will be outlined, along with their subsequent analyses.

Liverpool John Moores University Event Enterprise and Entrepreneurship (6076TEF) Business Plan Ashley McDonald/ 614170 BUSINESS NAME Tea-Off NAMES OF OWNERS/DIRECTORS Ashley McDonald DATE 30/03/15 Business plan contents 1.1 Executive summary 1.2 Mission statement 1.3 Aims and objectives 1.4 SWOT analysis 1.5 Keys to success Company Information 2.1 Company Summary 2.2 Company Ownership 2.3 Company Location and Facilities Market Research 3.1 Market Segmentation 3.2 Target Market Segmentation 3.3 Market Trends 3.4 Market Growth 3.5 Market Needs 3.6 Primary Market Research 3.7 PEST Analysis Competitor Profiling 4.1 Industry Analysis 4.2 Distribution Patterns 4.3 Competition and Buying Patterns 4.4 Main Competitors Market Plan 5.1 Strategy and Implementation Summary 5.2 Strategy Pyramid 5.3 Value Proposition 5.4 Competitive Edge 5.5 Marketing Strategy 5.6 Distribution Strategy 5.7 Monthly Marketing Plan Marketing Programs 6.1 Products 6.2 Products Description 6.3 Competitive Comparison 6.4 Sourcing 6.5 Future Products Promotion 7.1 Distinctive Logo 7.2

There are 10 basic tasks for “The action agenda for executing a strategy”. These 10 tasks are: Build the organizational capabilities required for successful strategy execution, establish a strategy supportive of organizational structure, and allocate sufficient resources to the strategy execution effort, Institute policies and procedures that facilitate strategy execution, adopt best practices and business processes that drive continuous improvement, install information and operating systems that support strategy execution activities, tie rewards and incentives directly to the achievement of strategic and financial targets, instill a corporate culture that promotes good strategy execution, exercise strong leadership to propel strategy execution forward, and staff the organization with the right people for executing this strategy. If managers execute these 10 tasks well, the company has a higher success rate.

It is crucial to understand each of these strategies and how they will impact our organization if they were to be implemented.

The purpose of this paper is to propose on outline for evaluating the quality improvement initiative and financial implications, along with giving a description of specific metrics. A recommendation will be discussed as to how the organization can represent the data related to the quality improvement issue for ongoing monitoring. Also, there will be an explanation of how the organization can create an integrated view of performance that links finance and quality.

In order for our business plan to work efficiently we have worked on “SWOT” to improve on our business strategy. Swot analysis helped us to know what our strengths and weaknesses, as well as the opportunities and threats it faces in the market. Our weakness was we could only provide our product online or in selected service stations, and our shipping time was longer due to our product being made in china. we are new to business and we already had lots of competition. To keep up with our business, we need to maintain our weakness and threats. We will need a strategy for our business to help us to focus on specific goal to achieve success. Which will also impact on team members to be encouraged to contribute on the task. I believe working in a team together with positive attitude we can accomplish goals.

1. Create or describe a strategy for your firm, as operationalized by Collis and Rukstad. Be sure to be comprehensive and specific when separately describing your

In order to achieve the best outcome, the proper execution, and management must be implemented. It is also essential that management consider what strategy the product, market, geographic region, and competitive perspectives will be. This leads to establishing if capital is available to

Companies over the years have been able to grow and expand their business with proper execution of a successful strategy. When a company plans a new strategy, there is a high risk of failure. Proper planning and execution are some ways for companies to mitigate the risks of expanding into new markets or even internationally. What went wrong?

The identity of Able Corporation can be defined by having a good understanding of power tool companies and lawn equipment companies the whole power tools and lawn equipment industry. An important factor would be to check out our competitor's profile in the industry. We need to decide what our primary focus is going to be; power tools lawn equipment, or appliances.

Able did generate interest in both of the markets, as we had hoped, with most of the interest, and

CanGo has possessed the capacity to support income development, appreciate a radiant net revenue of 11.7% , and offer fabulous customer administration. This is all regardless of not having a complete comprehension of their position in the market or having a strong marketing

At Company A, all these strategies are pivotal in the meaning that the firm places increased emphasis on them and allocates sufficient time and resources for the respective strategies to be devised and implemented in a means in which they generate competitive advantages for the firm. The company as such integrates a well development information and data management system, a human resource policy focused on employee motivation and performances, research efforts, as well as adequate manufacturing and prototyping.

control and guide firm’s trajectory. The company needs to adapt its strategies based on these

The group has a long-term view strategy, in terms of creating value for its stakeholders as well as for maintaining the brand identity of its companies’ portfolio.