Walker Ltd

| Most successful companies utilize business strategic planning to set priorities and goals for the organization's future; outcomes include short-term goals and long-term strategies.  A clearly written, well designed strategic plan can align business units, divisions and employees so that the vision of the management team and the mission of the company can be fulfilled.  As companies evolve and the environment changes it is critical for companies to maintain a disciplined execution of the strategic plan.However, if they are not

A lone yellow stagecoach tracks across the Missouri sands, pulled by two exhausted, well groomed horses. The sharp crack of a whip is heard, and shouts of “Giddyup!” echo from the coachman. Inside, a passenger sits patiently, a stack of mail and goods beside him. A cloud of dust rises up behind the coach, and the constant motion of the wheels kicks up small rocks that fly like bullets.

The objective is to complete a written plan that will suggest a practical Strategic Direction for a company.

A company creates value for its customers and attempts to differentiate its offerings from its competitors in the market. The performance goals/metrics are set by leadership which is concurrent with its business strategy.

It provides direction to let the employees and stakeholders know “where the company is going”. When forming a vision, the leadership must be realistic about their market, competition, economic climate, and regulatory conditions and properly ascertain and espouse the values of management, employees, and stakeholders (Schoemaker, 1992). A company’s mission is its statement that communicates the purpose of the organization. It gives the who, what, and why of the business. This successful completion of the strategic planning and execution process allows for the public and the organization’s members to see that the vision was established to be reality and not simply rhetoric, as is the case with many organizations that suffers from confrontations between management and a lack of commitment to the organization’s vision and values (Fiegener, Brown, Prince & File,1996).

It is the execution of strategies and policies through programs, budgets and procedures to reach its goals. In this process plans are assigned, costs are allocated to tasks for better measurement of return on investment. The firm’s resources are used and a detailed system is given on how to perform specific jobs. This strategy turns strategies into concrete results and helps implement changes that are documented for future references. It also provides good measurements of projects with a time frame. It gives employees a clear step by step on how to perform their day-to-day tasks that will improve overall efficiency and sets the tone for quality work in all levels of management.

This memo highlights segmented reporting and the variable approach to preparing income statements. Segmental reporting is necessary since there is a need to understand the cost data for each section. Proper cost allocation is critical to preparing the income statements, while it is also easier to identify the costs that are common and not attributable to any specific segment. Typically, the management analyzes the cost behavior by making the assumption that the total costs change occur because of change in level of a single activity (Slideshare, n.d.). The variable costing

4. OVERALL STRATEGY. To evaluate each business or customer’s organization to verify and redefine current working operations to

Having worked in both the private and public sectors in positions necessitating the development of strategic plans and standard operating procedures which required a comprehensive understanding of, and the ability to operate under various plans and procedures, I am well-acquainted with the importance of understanding an organisations purpose, and relevance of its policies, regulations and SOPs. Practising sound judgement and decision making, I maintain an awareness of the implications and contribute to solutions and future strategies, having designed project plans and operational procedures in the capacity of employee and business owner.

In order to achieve the best outcome, the proper execution, and management must be implemented. It is also essential that management consider what strategy the product, market, geographic region, and competitive perspectives will be. This leads to establishing if capital is available to

I find this a very rich case that makes for a great introduction to my course. To get the most out of it, you need to spend some time thinking about what the company does. Read the case carefully.

Strategic objectives- pertain to value creation management makes on behalf of shareholders. Longterm strategies look

These plans support strategic plans by translating them into specific outcomes relevant to a particular area/department/section using stated steps. They are concerned with roles and responsibilities of lower-level departments to enable them to contribute to the strategic plan. They are a shorter time framework, reflect management priorities and use strength of an organisation.

strategies and efforts. They must also be designed in light of the type of business,

Strategic planning is central to management study. It defines the long term direction for the company and all other business functions orbit around their established strategies. This article studies how a company formulates business-level strategies, optimize their competitive positioning and obtain a competitive advantage over their rivals.