Evaluation Of A Strategic Business Plan - 6241 Words

MODULE 1: INTERNAL ASSESSMENT Part 1: Quantitative Analysis Brief Project Introduction Business plans are necessary for growth and success of companies. As cited in Scott (n.d.), a strategic business plan is a written document that pairs the objectives of a company with the needs of the marketplace. The plan allows businesses to focus on a particular niche in the marketplace, which makes sales, advertising and customer management more effective.† The plan helps businesses evaluate its strengths and weaknesses and provide better service to its clients. In this learning team assig2nment, students in the MBA 507 Competition and Strategic course at Concordia University Portland will act as a strategic management consulting firm and collaborate towards developing a strategic business plan for a publicly-traded company. Members of the team will research the publicly traded company Tesla Motors Inc., its industry, and other internal and external factors and develop a strategic plan for the company. The plan will evaluate the company, its financial positions, strategic strength and weakness, and help the company s management: †¢ Assess multitudes of strategic factors †¢ Analyze effectiveness of current strategies †¢ Recommend strategic alternatives, and †¢ Assess the pros and cons of each alternative. Brief Company Overview Tesla Motors was established in 2003 by Martin Eberhard and Marc Tarpenning (Tesla, 2014), Silicon Valley engineers, as an electric car manufacture. InShow MoreRelatedEvaluation Of A Strategic Business Plan946 Words   |  4 PagesA strategic business plan follows a structured process which defines the purpose and goals of the company, and then adds the actions necessary to reach those goals. Quality planning will provide more recognition and commitment to the quality effort. Quality Council: The group which will develop guidelines, measure progress and assist with implementation of the quality objectives. The Quality Council is responsible for the growth, control, and effectiveness of total quality. Quality Policies:Read MoreStrategic Position Statement Analysis : Brief History Of Expro1698 Words   |  7 PagesStrategic Position Statement Analysis Brief history of Expro Expro is an oil and gas company operating in the downstream sector providing services to Oil and Gas operators like Tullow, Shell, ENI etc. John Trewhella, Jim Ross and Humphrey Green formed Exploration and Production Services (North Sea) Ltd in Great Yarmouth in 1973, with the far-reaching vision of competing on a global basis with the major international service companies. By the early 1990s Expro was growing quickly and put into placeRead MoreThe Methods For Strategic Goal Creation And Evaluation771 Words   |  4 PagesIntroduction The methods for strategic goal creation and evaluation are very important for the business growth. The methods will help the organization to increase knowledge, productivity and market share. Also, the benefits of using the mentioned methods will improve innovation, the use of resources, risk management, and making the right decision which all needed in order to take the organization to the next level and keep the business stay ahead of the competition. The main issue is â€Å"what is theRead MoreMgt 521 Strategic Plan Essay example1042 Words   |  5 PagesStrategic Planning In the economy today every business has a need for a strategic plan. Strategic plans are most vital for small businesses to have a strategic plan because they comprise the majority of local businesses and are more likely not to survive. No matter if the business is small or large it is important to keep this plan updated and evaluated to the businesses current standings. Typically a plan should focus on the following two to three years when it is being created. Kudler FineRead MoreEvaluating Greenby Education Department1538 Words   |  7 PagesaRunning head: EVALUATION RESEARCH PAPER Case 10: Evaluating the Consultation and Education Department Research University of Phoenix Evaluation the Consultation and Education Department The Greenby Community Mental Health Center process evaluation measure suggests the Consultation and Education Department needs to implement the address of the real questionable issue within the organization, and to evaluate the programs being offered through the organization. The questionable issueRead MoreFinal Strategic Plan For Silicon Valley1131 Words   |  5 Pages Final Strategic Plan Name Institution Final Strategic Plan Executive Summary From extensive research and analysis, Method Company has come up with the final strategic plan that will be used to start the expansion process in conjunction with Ecover. The new chapter of the business will deal with the same products that were being offered previously. However, the business strategy will greatly improve for the better. The company s vision is to offer better cleaning services forRead MoreVision And Mission Statements Provide Information About The Organization954 Words   |  4 PagesVision and mission statements provide information about the organization. They appear in strategic and operational plans. How do you define vision and mission statements? How should they be developed and used? The mission of a company is considered to be its purpose. Basically, it should include what you will provide, who you will serve and also highlight your key attributes that should distinguish your organization from your competitors. There are no specific rules to develop a mission statementRead MoreAn Introduction To Organizational Strategic Management958 Words   |  4 Pagesout those goals. He also that it is the plan or pattern that integrates an enterprise s major policies, actions and goals sequence into a cohesive whole. A well-formulated strategy assists to rationalise and allocate an enterprise s resources into a viable and unique posture based on its relative internal shortcomings and competencies, anticipated changes in the business environment, and contingent moves by intelligent opponents. He further defines strategic management as a focus on the integrationRead MoreWhy Strategy Is Important to Business1295 Words   |  6 PagesWhy Strategy is Important to Business Linda Ann Gonzales March 7, 2012 Management Policy and Strategy: MT460-03 1201B Unit 2 Abstract This project is about why it is important to apply the strategic management process to business and at the same time will be discussing the importance of strategy for business. This paper will continue to explain the concept of the strategic management process, and will discuss the importance of having a future oriented plan, the organization’s vision, missionRead MoreStrategic and Financial Planning1336 Words   |  5 PagesStrategic and Financial Planning: Planning is regarded as one of the most important and significant aspects of the success and profitability of a business. Generally, companies and organizations are involved in various methods of planning with the two major types being strategic planning and financial planning. These methods are commonly used by companies because of the different focuses they have and their distinctive nature. Nonetheless, strategic planning and financial planning consist of