This is a proposal used to explain where a business wants to go and how it expects to get there O Vision statement O Mission statement O Stockholder statement O Business strategy O Stakeholder statement
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- Why does a company needs financial objectives? A) to convince shareholders that top management is acting in their interests. B) because without adequate profitability and financial strength, the company's ultimate survival is jeopardized. C) to indicate to employees that financial objectives always take precedence over strategic objectives. D) to translate the company's business model into action items. E) to overtake key competitors on such important measures as net profit margins and return on investment.Topic: You must prepare a basic business plan for a small or medium enterprise (SME) that is either (i) hypothetical (that you envisage) or (ii) operating in real-life (with which you are somewhat familiar with). Objectives: To design the fundamentals of a business that is viable (i.e. profitable) and to ensure and demonstrate this in as many aspects of the project as possible. The following conditions must be met: - Overview: Summarize key background information about your company; explain its main purpose and aims. - Products or services: Describe your main products or services. Why could they be unique and appealing to consumers? - Target market: Is there a clear (medium or long-term') demand for it? Is it worthwhile to start dealing with it at all? Competition: What are some of the drivers of competition? What are some strengths and weaknesses of your competitors? Site selection: Some fundamental geographical and economic advantages and disadvantages of the chosen site should be…After operating for some time and having evaluated the finances to project the sales of the business, it is necessary to think that, as a business owner, you must establish a strategic marketing plan which gives you a better idea about the market and business opportunities. growth in the industry. For this reason, in this task you will develop a strategic marketing plan for your coffee shop business. The plan must contain the following elements: a) Executive Summary i) Summarize all the most important aspects of your strategic marketing plan. b) Our client (buyer person) i) Describe the different types of customers the business appeals to. c) Product or service i) Evaluate the product or service according to the market need. ii) Defines the branding elements of the business.
- Indicate whether or not the organization where you are employed engages in strategic management and planning. If Yes, how has this benefitted the organization? If No, give your perceptions regarding the limitations and why the organization does not engage in strategic management and planning. Q2. Discuss briefly why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.Choose (1) organization. Present the company's profile, mission, vision, goals and strstegic planning they use.Recommended and explain 6 New strategies (formulated that are not already existing in their business strategies) that NETFLIX Should Implement in their business that can propel the company's business forward.
- Based on what is ideal such as from books, literatures, published articles, and from the principles of our module, evaluate which of the following statements are correct? Statement 1: The vision, mission and goals (VMGs) of the firm are intended for display and brand imaging while on the other hand, the planning phase reflects the current aspiration of the executives. Statement 2: When executives direct a decentralized firm, they keep the plans only for themselves and share only to those whom they like. Statement 3: Employees are generally intrinsically motivated therefore there is no need to establish programs for appreciations, rewards and merits. Statement 4: Controlling is ensuring that unlikeable employees will not partake in the activities and functions of the firm. Statement 5: Decision-making are only for executives and other stakeholders may not necessarily participate or to be considered in a decentralized firm. a. All b. 1, 2 and 3 c. 2, 3 and 4 d. 3, 4 and 5 e. 1, 3 and 5…Final Business Model and Strategic PlanWrite a 700- to 1,050-word section for your business model and strategic plan in which you add your strategies and tactics to implement and realize your objectives, measures, and targets.Include marketing and information technology strategies and tactics.Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally.Explain the ethical issues faced by the organization, summarize the legal and regulatory issues faced by the organization, and then summarize the organization's corporate social responsibility.Develop a 350-word page executive summary defining the new division of existing business. Share your Vision, Mission, final business model, value proposition and list your key assumptions, risks, and change management issues. Quantify the growth and profit opportunity and planned impact on various stakeholders.Note:…124) Identify an important difference between strategic planning and market planning. 125) How are marketing objectives different from corporate objectives? 126) Why is it important to consider marketing as an investment rather than as an expense? 127) A sales manager at ABC Services Inc. was required to track important marketing metrics each quarter. Give two examples of the marketing metrics this sales manager might report.
- According to your readings, there are stages of strategic planning and execution. One stage creates a strong stable base for the strategic plan. Its components are not subject to regular change. If the contents of any of the components of this stage are altered, it means major changes for the organization. Which stage is being described? A) Application stage B) Foundation stage C) Implementation stage D) Evaluation stageWrite two to four sentences setting forth the long-term direction and strategic path that management intends to follow. The statement should clearly articulate your answer to "Where we are headed?" and should explain why the direction in which you intend to point the company makes good business sense. Your strategic vision statement should describe the kind of company that management is trying to create and the market position you are trying to stake out. You may want to summarize the essence of your strategic vision with a phrase or company slogan.Suppose you have been appointed as the CMO (Chief Marketing Officer) of Walton Bd (the electronic giant of the country) and the management wants you to give a presentation on the strategies you will follow for minimizing the strategic planning gap of the company. So what strategies will you include in your presentation ? Relevant examples will be appreciated. *