Table of Contents Task One 2 1.1 Strategic context of Lafarge Tarmac 2 Introduction 2 Visions, Objectives and Goals of the company 2 1.2 Issues in Strategic Planning at Lafarge Tarmac 3 1.3 Planning Techniques in context with Lafarge Tarmac 4 Directional Policy Matrix 4 Space Matrix 5 Task 6 2.1 Organizational Audit for Lafarge Tarmac 6 Benchmarking Audit 6 SWOT Analysis 6 Value Chain Analysis 6 Scenario Planning 7 Strategic Positioning of Lafarge Tarmac 7 2.2 Environmental Audit for Lafarge Tarmac 8 PESTLE 8 Porter’s Five Forces Model 9 2.3 Stakeholders Analysis 9 Task 3 10 3.1 Alternate Strategies for limited growth, Substantive Growth or retrenchment for Lafarge Tarmac 11 Strategy for Limited Growth 11 Strategy for Substantive Growth …show more content…
If under any case the harmful situation arises the workforce of the company is always willing to tackle it and do not walk by under any circumstances. The other objective of the company is to protect the environment, the basic vision of the companies for this is to operate in such a way that the environment get least affected due to the operations of the company. The company tries to prevent pollution during the construction activities and improvement in the field by any means. In case the company needs to be defined in one word Lafarge Tarmac will be known as the sustainable and sustainability is what they operate for as per the objectives of the company (lafargetarmac.com, 2014). 1.2 Issues in Strategic Planning at Lafarge Tarmac Planning is the basic duty of the manager as no activity can be done without doing a proper planning. However there are some issues for the managers during the planning processes and setting up the targets of the organization (James, n.d.). The targets for the Lafarge Tarmac are very different from any other construction company in the United Kingdom as unlike Lafarge Tarmac almost 80 percent of the construction companies just do their tasks and do not take the safety and environment as their responsibility at all. During the strategic planning of the Lafarge Tarmac the environment of the operative area is analyzed very thoroughly and plans are made according to the results. Being a construction solution provider it is also a
A strategic plan is a tool that delivers guidance in achieving a mission or goal with maximum proficiency and control for an organization. Strategic planning is used to transform and revitalize organizations. The plan helps provide an inclusive understanding of opportunities and challenges both internally and externally for the organization. The plan delivers an assessment of the strengths and limitations that are realistic within the company. A well-developed strategic plan will offer a comprehensive approach and empowerment for the stakeholders involved. It is an opportunity for learning and understanding priorities that will drive the business to succeed. Jones (2010), describes how in health care organizations, strategic plans
Pearce, John A. , & Robinson, Richard B. . (2009). Strategic management. formulation, implementation, and control. United States: McGraw-Hill.
Over the past few years, the construction industry has been changing dramatically. One of the most important stages in the construction management and business management is the planning phase. They share similar two main levels of planning which are the strategic and operational planning. However, business management planning to decide in advance what should be done, and how to do it, when you do and you are done. On the other hand, Construction management strategic planning is to deal with selection on a high level of overall objective of the project, including the scope, procurement methods, schedules and financing options but the planning of operations, including the
Pearce, J. A., II, Robinson, R. B. (2011). Strategic management: Formulation, implementation, and control (12th ed.). Boston, MA: McGraw-Hill/Irwin
Bryson, J. M. (2011). Strategic planning for public and nonprofit organizations: A guide to strengthening and sustaining organizational achievement: 4th ed. San Francisco: Jossey-Bass.
Strategic planning can dictate the success of any organization if properly planned as well as the failure of an organization if not implemented as planned. Strategic planning is all about making choices. It is a process designed to support leaders in being intentional about their goals and methods. Simply stated, strategic planning is a management tool, and like any management tool, it is used for one purpose only—to help an organization do a better job. This portion of the strategic plan will explain why an
Ground Rules & Expectations Strategic Process Strategic Brainstorming Introduction Stakeholder Analysis Strategic Vision and Values Current Position Strategic Objectives Priorities for Strategic Change Workforce Analysis Evaluation Communication Plan Contacts, Glossary & References One Year Action Plan Executive Summary Budget General Questions & Answers What have you learnt / Were your expectations met?
If you fail to plan, then you plan to fail. Many people commonly use this phrase and in a business, this phrase couldn’t be truer. Having a plan is crucial, but just having a plan will not due. This is where strategic management comes in. Many businesses use strategic management and in this paper we will use the company Dish as our example. Strategic management involves both the formulation and implementation of a plan. Implementation is an essential part of the strategic planning process because having a plan without actually putting it into action is pointless. The successful implementation of the strategic management plan in a large corporation like Dish is highly reliant on measurement and evaluation efforts during and after the implementation phase. In this essay, I will review strategies Dish used that were not successful as well as ones that were. I will also discuss barriers that might have interfered with the success of some strategies and the type of strategic evaluation efforts I think are necessary to keep an eye on progress. Finally, I will talk about how measurement of implementation processes and the evaluation process helps assure future success for Dish.
Strategic Planning is one of the most fundamental factors in the success of an organization. This research project will discuss the importance of strategic planning as well as the different components of strategic planning. Many organizations fail to accomplish their goals and tasks due to the lacking of strategic planning. In order for their businesses to be successful, organizations need to be well informed about how the strategic planning process works.
Throughout the course of this planning guide, we have discussed various strategies to implement when undergoing the process of strategic planning. However, the most vital factor to keep in the back of our minds, as we strategically plan is to think if we choose that strategy, how would we implement? In thinking like this, planners should be careful that they do not develop a plan that is so intentionally achievable that no one has to do anything to implement leading to one of the common downfalls of implementation (Zuckerman, 2016) or so impossible that there is no way to implement it. Acknowledging this is what makes this guide so crucial for the plan to be fulfilled. In this section of the guide, we will
In the following task the strategic context and terminology (missions, visions, objectives, goals and core competencies) together with a evaluation of problems involved in strategic planning and different planning methods will be clarified.
This section very briefly describes several key tools that can be used during the course of strategy development and strategic planning. The list is not intended to be comprehensive but to illustrate the types of tools
With a firm understanding of the implementation of the strategic plan, it is now appropriate to evaluate the expected outcomes of administering this strategic plan. This is done to gain a full prospective on the expected outcomes and to create an awareness of some of the potential risk. Expected outcomes also lay the groundwork for evaluating the change and control measures to address any changes that need to be made. By comprehending these areas, the company will be in the best position to capitalize on any pro or con that occurs with the implementation of this software.
With the rapid change of the world, thought of management, theory and practise keeps on changing. It has been transformed through innovation. Taking into consideration the uncertainty surrounding the construction industry, it is essential paying attention to how people work within an organisation that has set goals that needs to be achieved. To be able to achieve these objectives, it is necessary to understand management relating issues such as culture, motivation, leadership and issues relating like coordinating, planning and controlling. Understanding the way people and organisations work is very vital when it comes to the built environment. As a Quantity Surveyor some of my duties are to deals with people, technical
Strategic planning is the process of gathering information from stakeholders, market players, professional entity, and government agency. The purpose of gathering information is formulating a realistic and a workable framework that any organization can implement and work with. Evaluation of information is a key aspect in determine the kind of plans that the organization wish to a chive over certain a period. Strategic planning ensures the implementation is, crafted well, and parties involved be acquitted with it. Developing a good Strategic plan helps a company to implement its missions and visions effectively, and helps the company to evaluate