Strategic Plan Part I: Conceptualizing a Business
Sweet Tooth is a bakery and party store located in Las Vegas, Nevada. What sets this bakery apart from other bakeries is the company’s artistic flair for fun and elegant designs, whether on a cake or piece of chocolate. Sweet Tooth produces some of the most gorgeous and fun cakes, cupcakes, candy, and cookies within sin city at very affordable prices. Sweet Tooth has the reputation of possessing the best customer service and is the go to place for all of your sweet party needs. The purpose of this paper is to develop a clear understanding of the importance that a vision, mission, and values are to an organization and its strategic direction. This paper will consist
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The vision is future-focused and is about establishing certainty and direction around the goals the organization has for its business (Pearce & Robinson, 2009). Sweet Tooth’s vision is a conclusive description of what the company is working to achieve. The company wants to be the bakery of choice for consumers and customers alike and lead in quality, service, and innovation. Sweet Tooth wants to be a business where its employees feel motivated to come up with new creations and where its employees are proud to be a part of (Pearce & Robinson, 2009).
Sweet Tooth’s Values
Values are principles that guide the organization’s daily operational judgments and are a describing fundamental of the organization’s culture (Pearce & Robinson, 2009). The values of Sweet Tooth can be summed up in the three P’s, which are pride, performance, and people. These values support the delivery of the company’s vision. Pride refers to the professional way Sweet Tooth conducts business. The company stands by its products, word, and delivers on its commitments. Performance refers to the company’s driving force to succeed and fulfill the needs of customers and consumers. People refers to motivating employees to release their inner artist. The culture within the organization can be best described as a family unit, where everyone works together peacefully and creatively. Sweet Tooth maintains this culture by treating its employees with respect and valuing its
A strategic vision thus points an organization in a particular direction, charts a strategic path for it to follow in preparing for the future, and molds organizational identity. A clearly articulated strategic vision communicates management’s aspirations to stakeholders and helps steer the energies of company personnel in a common direction. For instance, Henry Ford’s vision of a car in every garage had power because it captured the imagination of others, aided internal efforts to mobilize the Ford Motor Company’s resources, and served as a reference point for gauging the merits of the company’s strategic actions.
There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.
There are many different paths people can take throughout their lives. In the novel, Fifth Business by Robertson Davies, the main character, Dunstan Ramsey, takes the path of the Canadian hero. There are many different steps to be taken by the hero and Dunstan Ramsey follows his path by completing each step.
“To give our customers the best food and beverage values that they can find anywhere and to provide them with the information required for informed buying decisions. We provide these with a dedication to the highest quality of customer satisfaction delivered with a sense of warmth, friendliness, fun, individual pride, and company spirit” (Crafting and Executing Strategy: Concepts and Readings, 2016, p. 24).
In the novel "Fifth Business", the author Robertson Davies is successfully able to relate both the themes of magic and religion throughout. He achieves this relationship between the themes primarily through the characters and their actions. Dunstan Ramsay, Paul Dempster, Mary Dempster and Liselotte Vitzliputzli all help to illustrate the close relationship between magic and religion.
Competition, guilt, and the contrast between Boy Staunton and Dunstable Ramsay is what Robert Davies used to define the novel, Fifth Business. Davies portrays the idea of competition through the relationship between Boy and Dunstan in their childhood, their military recognition, and their love for Leola. Moreover, the theme of guilt is shown through the experiences of the characters as Dunstable felt guilty for the premature birth of Paul Dempster, Boy subconsciously felt guilty for the death of Leola, and Paul felt responsible for causing his mother to go insane. Guilt essentially is what drives the characters of Fifth Business and in the end determines the final conclusion. Lastly, although Boy and Dunstable are parallels of each
G.G. Dess, G.T. Lumpkin, M.L. Taylor, A.A. Thompson, and A.J. Strickland III, Strategic Management (Boston, McGraw Hill, 2004) pp. 141-148.
People feed off of other people. The Ohio State Business Honors Learning Community is a fantastic opportunity to surround myself with other excelling business majors. First of all, I will be able to provide a broad set of interests from theatre, to music, to sports, and to discussion. My diverse background will allow me to reach out to many members of the community both on the business level and the personal level. Along with my broad set of interests, I can bring an up and coming major, (Information Systems,) into the community. With Big Data on the rise, Information Systems has become one of the fastest growing majors in the world. Students with these majors are often the connecting points between management level and IT level. Understanding
The polarizing views on dictatorships have spawned some of the greatest film, art, and literature masterpieces of that past centuries. Whether it is questioning their morality, legality, or functionality, works of art place dictatorships in the hot seat and attempt to pry them open in order to get to the very core of their existence. Two films that spectacularly do this are Charlie Chaplin’s The Great Dictator and Jean-Luc Godard’s Alphaville. Whether it is the always hilarious clumsy nature of Charlie Chaplin or the eerie, inquisitive behavior of secret agent Lemmy Caution, both films criticize dictatorships through a variety of cinematic devices.
Q1: What are "make-to-order" (MTO) and "make-to-stock" (MTS)? Why did EA cakes want MTS over MTO? Do you agree with such a decision? Why or why not?
The provision and use of personal protective equipment could include using gloves, glasses, earmuffs, aprons, safety footwear, dust masks.
The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and decision-making. Management is process of administrating and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization.
Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living.
Despite being an intimidating prospect for most people, there are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not so much. There are many steps to starting and running a business, but many of them can be easily accomplished simply by filling out some forms, and several small fees.
Starting a business is the latest trend. Just take a look at Instagram. Several profiles have the caption ‘Entrepreneur’. At this very moment, there is someone, somewhere working on an idea, a business plan or launching a startup. Entrepreneurship is on the rise like never before. The flexibility and independence that comes with being one’s own boss is attractive and worth taking the leap in starting a business. However, most people don’t know that being an entrepreneur is a grueling journey that can be very lonely and stressful at times. According to the Small Business Administration (SBA), 50% of businesses fail during the first year. Starting a business can be a scary task, but the