Strategic Management Plan Essay Example | Topics and Well Written Essays - 1000 words

Strategic Management Plan - Essay ExampleIn reference to the reports and records from leading economist, they advocate that, any strategical plan should begin with the initiatives from the stakeholders (Mintzberg, 2007, p.37). In precision, strategic focal point is an activity under a high level of managerial practices whose basis is goals over tactics. This means that the commission team must formulate goals which go out out do its competitors strategies. By so doing, the organization will have the capability of maintaining a sustainable sh are in the competitive business surround. This is an article discussing the strategic guidance plan of PPQ Parts. It s location is in United States and it is leading in meeting its customers demand. The companionship has not set strong root in reference to its international business structure. The article analyzes the familys strategic plans for the next 4 years so as to meet the gaps in its structure. Among the go withs, four years strat egic plans are- 1. Increasing the number employees by from 5,000 to 10,000 (the 5,000 employees work in the branches inwardly USA). 2. Increasing of equipment for international expansion will rise by 80% 3. Increasing the companys world market share from 5% to 9% 4. Increasing the stock price from $10 to $22 5. Increasing annual profit share from 6% to 13% (the firms annually honest profits is6%) 6. ... one its corporate value) Other short term goals of the company are reduction in expenditures, high level of security, creativity and origin, among others. This will act as the subsidiaries of the long term goals (Mintzberg, 2007, p.37). Environmental see of current conditions This is an explanation of the ongoing activities in the economy world. It encompasses different items, which in one way or the other may deter the achievement of the goals. These situations may also favor the achievement of the goal. It is the duty of management together with the other stakeholder to ensure that all stabling blocks do not affect the objectives. This will nevertheless be met by coordination and communication between different parties in the organization. In reference to the environment, there are many factors affect the process of meeting long term plans. This is because the plans work on the basis assumptions, by putting some of the parameters as constants yet they are not definite. These variables include changes in the economy, prevailing competition, and governmental stability (Chandler, 2010, p. 45). Economy PPQ is a company in the United the national has a stable economy, therefore favoring the stability of the economy. This is as a result of the governments measures in protecting the business environment of the country. For the strategic plan to realist, the management of the company should consider the possibilities of changes the value of money. This is because, within the four years, there may be differences like those experienced in the year 2008 (global recessions resulting from changes in the price of oil). The company should be set up to offer terms that increase the rate of stock turnover. Other strategies, which are applicable to these instances, are innovation and