Lowe S Home Improvement Strategic And O Essay

1574 Words Dec 8th, 2014 7 Pages
Lowe's Home Improvement Strategic and Operational Plan
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Lowe's Home Improvement Strategic and Operational Plan
This paper highlights the creation of Lowe’s Home Improvement strategic plans utilizing the SWOT analysis that are in alignment with the Lowe’s mission and vision statements. The strategic plan which is define as “plans cover a large span of time that is several years or decades” (Gabrielle Brown, 2014), that covers plans that are in general manner that pertains to nonspecific and less-detailed format. On the other hand, an operational plan usually covers one year and provides very fine details on how the tasks are done daily (Gabrielle Brown, 2014).
Lowe’s Home Improvement Strategic Plan Overview
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At the event of any change to the company may it be negative or positive, profitable or non-profitable their will be an adverse effect to the stakeholders. Such effects are as follows: increase on overall sales of the company will yield increase on shares and earnings to either shareholders, employees and business owners; which in-turn will create profit that could be use for company expansion and purchasing of additional tools to use for improvement; that will lead in helping increase customers service elevating the aid provided to our customers; and also by increasing sales will also mean profit for Lowe’s vendors and suppliers, and so on…
References

Farfan, B. (2014). Company Mission Statements - Complete List of World’s Largest Retail Missions. Retrieved October 13, 2014, from about money: http://retailindustry.about.com/od/retailbestpractices/ig/Company-Mission-Statements/Lowe-s-Mission-Statement.htm
Gabrielle Brown, D. M. (2014). Differences Between a Strategic Plan & an Operations Plan. Retrieved from Chron Small Business: http://smallbusiness.chron.com/differences-between-strategic-plan-operations-plan-10634.html
Lowe's Companies, Inc. SWOT Analysis. (2014, August 08). Retrieved from

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