Executive Summary
The purpose of this case study was to review and analyze the role of engineers as managers, showing clear understanding of the planning processes managers in today’s industry use and to distinguish the different types of organizational planning processes commonly used. It was also given to evaluate the characteristics of effective management control, including elements of operations and financial control. In this particular case Chatime a globally established beverage franchise specializing in Chinese tea is looking to grow and extend to a wider target audience which would ultimately increase the chains profits and the company’s reputation. Currently Chatime has set their strategic goals and are aiming to become ‘the Starbucks of tea’ (Head office of Chatime). They have captured the Australian-Asian community and now hope to expand into a wider range of people who appreciate good tea. Since first opening in 2009 the franchise now has over 43 outlets which demonstrates the business has effective management and very effective financial control with a profit of 8.5 million in 2012. With correct organisational planning Chatime has the potential to reach its strategic goal. For Chatime to continue to grow to be a sustainable competitor in the beverage outlet industry multiple sources of advantages need to be acquired by the business to help promote the company’s growth and reputation. By understanding the risks involved in this process, managers of the company
Learning Outcome / Section 1: Understand the specific responsibilities of middle managers in enabling an organisation to achieve its goals
Understand the specific responsibilities of middle managers in enabling and organisation to achieve its goals
As companies grow a build customers bases and increase services to meet these demands there is a need to enhance information technologies to continually “Strategic management involves major decisions, business choices and actions that chart the course of the entire enterprise” (Gomez-Mejia et al., p 156). The undertaking of strategic planning is usually the responsibility of executive staff of a company and in this case consists mainly of owner Kathy Kudler. She, in fact hired an intern to help her to create Kudler Fine Food strategic plan. Kudler Fine Foods focus is to
A SWOTT analysis of MCS was performed concluding that external forces such as the economy, the competition, and the government rules and regulations have very important effect on MCS strategic planning. The analysis also concludes that MCS strengths and weaknesses must also be taken into consideration when implementing a strategic plan. Strengths such as a good information system, the ability to create processes and make quick improvement to existent processes allow MCS to stay ahead of the competition and be successful. On the other hand, MCS weakness such as insufficient training to employees can become a serious issue and can jeopardize the company relationships with its customers. Analyzing the different factors that affect MCS internal and external environment is essential to create and establish successful strategies.
Every organization should have a strategic plan to achieve its goals in a limited time period, the strategic plan has many variable models. The strategic planning process that we studied needs a collaboration between the organization’s staff, board members, and strategic plan committee. This strategic planning process has ten guide steps.
In the current business environment, companies must take strategic initiatives to prevent the losses and overcome the rough economy we are currently facing. Starbucks Corporation (furthermore, Starbucks) is known as one of the leaders for the retail sales of roasted and specialty coffee. Starbucks is focused on creating a detailed strategic and financial planning that can take the company to the next level. The aim of this paper is to investigate Starbucks’s actions upon creation of strategic and financial plans, and its impact on cost and sales and risks associated.
Rogers’ Chocolate is on a mission to have the company double or triple its size within 10 years. An analysis will be performed to figure out a strategic plan where Rogers’ Chocolate will be able to grow, and maintain their image of providing premium chocolates. The issue facing Rogers’ Chocolate is how they will be able to gain new customers and sustain their current customers. To give a thorough analysis, I will identify and explain the strategic issue, present the results of the analysis, and present alternative strategies. Finally, I will present my recommendation and conclude the analysis.
Introduction: Building an up to date and proper strategic planing is essential for the context of any company. it is the most important part that can make or break any business. Proper decision making and its effective implementation is quite significant in the success of a business. Let it be a multinational company like Kellogg, the same importance is apparent. For that understanding and analysing the environment of the business will be very helpful in making a proper business decisin making for the betterment of the same.
This analysis delves into the company’s operation management principles to interpret its successful strategies and offer future recommendations.
The company’s objective is to enable business and operational success through integrated world class solutions and development by utilizing the organizational restructure of the Engineering and R&D departments. Having a centralized organization with a decentralized engineering department makes meeting the company objective quite difficult. Also, if the company’s objective does not align with the department specific objectives Campbell Soup is setting their selves up for failure. Sales and Marketing are concerned with increasing market share and gaining profit, while the Plants are worried about operational performance, and Engineering is focused on individual parts of the system. In order to have a successful company
Budweiser has the ability to come up with new products with better quality and functionality. Strategic management is essential for businesses today. Pearce explains that strategic management is the management processes that produce long range planning with an emphasis on forecasting, formulating, and implementing plans (2013). Innovation should focus on improvements in existing processes, and find ways to reduce costs. Change is about survival. “Change is especially necessary in organizations that wish to prosper in a
Every organisation must plan every action it intends to take, in the short-term as well as in the long-term. The company, on the basis of the objectives set by the top management of the organisation should plan for growth, expansion, restructuring of business or otherwise. Every company needs to plan out its strategies according to its future plans in order to avoid surprises and to overcome any challenges they may have to face. Therefore, without planning, the organisation cannot achieve any of its goals.
This report focuses on the United States-based ice cream producer, Dreyer’s, Inc., which used to be the largest ice cream company in America. In order to consolidate the ice cream industry, Rogers and Cronk, CEO of Dreyer’s, carried out some advancing operation philosophies including the launch of a strategic plan named the “Grand Plan” in the year 1994. The report gives a description of the expectations of the “Grand Plan” and their
A central aspect of the dynamic problem facing a business in an evolving and competitive industry is the decision about additions to productive capacity. The purpose of this report is to provide strategic advice for the CEO of Bonkers Chocolate Factory (BCF), the U.S division of a multi-national candy company operating in the highly competitive chocolate products market.
A central aspect of the dynamic problem facing a business in an evolving and competitive industry is the decision about additions to productive capacity. The purpose of this report is to provide strategic advice for the CEO of Bonkers Chocolate Factory (BCF), the U.S division of a multi-national candy company operating in the highly competitive chocolate products market.