Strategic Plan, Part I Conceptualizing a Business

Cambridge Behavioral Hospital currently uses a Change Theory. Strategy for most organizations is about change and focus. A firm strategy starts with knowing the external and internal forces that impact the organization’s ability to achieve its most important goals, and then steadily making the necessary changes to direct those forces. “A validation (or invalidation) of the strategic assumptions reinvigorates strategic thinking and provides a basis for investigating whether to change the strategy” (Swayne, Duncan & Ginter, 2008).

Starting a new business is not easy especially in an industry that already has strong procedures and standards. Every manager and leader associated with a startup company knows the value of a solid business plan and its impact on the first year of operation. One of the first steps new owners take before opening its doors is to develop a strategic plan and company objectives, both long and short-term that provide a blueprint for enterprise growth. Organizational executives are responsible for generating progressive goals that increase the business’ productivity and viability. This strategic plan focuses leader on identifying the right balance of growth prospects, needed services, and innovative process improvement initiatives. Great plans can only be achieved with human capital. The strategic plan not only drives the mission, it also drives the creation of a human resources program that is focused on recruiting, hiring, developing and retaining a talented team that is capable of meeting the company’s priorities and goals. A robust human resource program that includes recruitment, training, compensation and performance appraisal creates a competitive advantage over the closet opponent.

The experience service is designed for couples who are going to celebrate wedding anniversaries or want to experience traditional Chinese weddings. Our principle in this service is just trying to make it simple. As a result, we provide many options which can perfectly suit there couples. For these options, there are escorting, entering into groom's house, three bows and joking the bridal chamber. They can choose only one option or choose as many options as they want.

The organization strategic plan consists of addressing clinical quality, growth, and becoming a larger part of the community, and providing long term value. The annual report states the following strategic goals (Bon Secours, 2012):

A successful strategic plan must be based on the company 's mission, vision, and values. The purpose of this paper is to define a selected business, products, services, and customers by creating a mission statement. In addition, this paper contains a vision for the organization that demonstrate the expected future for the business, and it will define the company values considering important topics such as culture, social responsibility, and ethics. It will also analyze how the vision, mission, and values guide the company 's strategic direction. Finally, it will evaluate how the company address customers needs and how

"Total Quality Management (TQM) is a participative management style that stresses total staff commitment to "customer" satisfaction (Eskimo, 2001)." Quicken Loans utilizes TQM along with the other management styles to provide the high quality of service to their clients. Quicken Loans expresses Total Quality Management in their ISMs. The ISMs Are: Obsessed with finding a better way, Responding with a sense of urgency is the ante to play and Every client. Every time. No exceptions. No excuses (Quicken Loans, 2008). These three ISMs express the care of their clients and illustrate the things that need to be done to ensure that TQM is still effective and efficient within the organization. Quicken Loans focuses on creating a lifelong relationship with

This paper will discuss the business chosen for the assignment. A mission statement will be developed, setting the business apart from others in the same or similar market. The vision statement will also made, discussing the direction the business wants to take in the future. Other topics such as, principles or values will be discussed. Concluding the paper will analyze the mission and vision statement, and values in guiding the business in a strategic direction. Followed by an evaluation of customers need in giving the competitive advantages.

There are (3) reasons why I have chosen energy drinks as my NAB. First off, there is a growing market for energy drinks. Red Bull and Monster Beverage Corporation, together, form over 80% of domestic energy drinks volumes by estimates. Dollar sales for energy drinks grew almost 6% to $6.67 Billion in measured channels in 2013, which propelled sales growth for convenience stores (Team, 2014). A growing thirst for caffeinated “energy” drinks, which include the likes of Red Bull, Monster, and Rock star, has spurred a heart-thumping surge in sales. Globally, the energy drink industry has gone from a $3.8-billion business in 1999, to a $27.5-billion

According to Colbert, a SWOT analysis can assist a company by viewing and examining internal and external concerns; therefore it is a useful tool to make concise strategic decisions for various periods (2015). The first aspect pertains to the strengths that a corporation faces from all sources by scrutinizing how the company handles situations (Colbert, 2015). Weaknesses focuses on areas that need to be addressed whether on a large or individual scale to evaluate what courses of actions can be taken to expand on improvement (Colbert, 2015). The third category of the analysis centers on opportunities that a business can emphasize within their respective industry or the professional environment (Colbert, 2015). The last section views risks that can develop from outside competitors or any problems that might arise from any influential source; therefore it is imperative that a business entity utilizes threat factors because it can assist in identification and problem resolution to deal with the issue at hand whether past or present (Colbert, 2015). The Offices of MLO operates on a smaller scale than the big three such as H&R Block, Jackson Hewitt Tax Service, or Liberty Tax Service. Caragher suggests a series of questions that can be purposed to members of the professional environment within an accounting firm to develop and ascertain the objectives and strategy that will be taken (2014). The following questions can

A company’s mission statement specifies how the firm intends to compete and serve their customers (Hitt, Ireland, Hoskisson, 2013, p.18). The vision and mission provide the foundation for an organization’s strategies (Hitt et al., 2013, p. 18). The company’s objectives should be inspiring and relevant to all their stakeholders (p.18). Ford’s vision statement addresses the concerns of their stakeholders and their ability to enhance the firm’s

The development of start-ups is an important business activity that requires effort, time, and financial resources. It is important to correctly establish the resources that are required by opening a business in order to be able to successfully reach the objectives established for businesses in each situation. In this case, the business plan refers to developing a restaurant that focuses on providing meals that are based on organic foods.

In this paper, I will select an organization and prepare a strategic plan to grow the business over the next three years. This strategic plan will include certain criteria. That criteria includes:

After the agreement between the two companies to merge and establish a new organisation, the need for a new strategic business plan is imperative. The massive majority of the newly-merged companies failed to reach both their financial and strategic goals and endure in an arguably competitive business world, because they lack of an effective plan, which will consider the tremendous changes that took place for both the acquiring and the acquired company and which will assure the smooth integration of practices and policies within the new organisation (Marks and Mirris, 2000: 40). Therefore, a company should be sufficiently prepared to encounter complications that may arise, determine carefully its new strategy and

Developing strategic business plans can be very difficult for most organizations serving all sectors and industries. As this is paramount to the organizations implementing and understanding the entire focus is critical to the business. It is imperative for top executives and management to understand the businesses entire focus and drive the crucial projects through the system and obtain those benefits. As many companies do a good job at executing various portions of project development, there are some that fail at project implementation which negatively affects the entire moral in the company. Depending on the company and how they rebound from the project failures defines the operations within the business. If projects are focused on a continuous improvement effort and fails this could result in loss of business and could diminish the company’s reputation and service in the sector.

The main objective and focus of our marketing strategy is to relay the information concerning the unique variety of products and services that we shall be offering to our customers. In that regard, our marketing strategies are established in view of the need to ensure customer satisfaction and ensure that they get the true value for their money. The strategy will also facilitate the communication of our core brand values and to ensure a tight and close working relationship with our suppliers and clients. At the core our strategies is the aspect of product differentiation and growth. Growth shall be ensured by the focusing on new markets both within and outside the local environment. Market differentiation becomes important in this industry considering the imperatives of quality and customer-centric nature with respect to attracting new guests to the hotel ADDIN EN.CITE Hallock2009161(Hallock, 2009)1611616Hallock, M.Hotel accounting2009Chandni Chowk, DelhiGlobal Media( HYPERLINK l "_ENREF_4" o "Hallock, 2009 #161" Hallock, 2009).