Bus 475 Week Five Final
Quaterra Strategic Plan Final
BUS/475
March 26, 2013
Quaterra Strategic Plan Final
Every business needs a plan, in that plan businesses need direction. Business that want to be successful will have both a great plan going in a great direction, with investors, board members and employees that believe in the same outcome, together they will be willing to implement the plan in order to have success. Quaterra Alaska a junior exploration company has a plan to the leader in the mineral exploration world, while starting a new advancer into mining. Their plan is to take old mine sights and turn them in to a profit while helping clean up old mine sights that still hold good minerals. This idea has made a small town in the rural Nevada area have potential for growth, during one of America’s worst economic times. This is Quaterra plan.
Mission
The mission of Quaterra is that “Quaterra Alaska Inc. is a mineral exploration company focused on making significant base and precious metals discoveries in North America, our Commodity is discovery” (Quaterra Resources Inc, 2011). The mission to bring top of the line geology and research to the towns that Quaterra will stake claims and explore in trying to find world-renowned mineral deposits.
Vision
When Quaterra create a vision statement, they put their passion, imagination, dreams, hopes and wishes for the company into a statement that tells the potential investors that Quaterra is worth their investment. Quaterra will establish a clear vision for the strategic planning process, paint a picture of where the organization will end up and the anticipated outcomes make certain the picture is one of reality (Human Resources.com, 2008). Quaterra vision is “a scarcity of new discoveries and long lead times ensures exploration successes will be rewarded” (Quaterra Resources Inc, 2011). Noting that making time to finish an exploration and have the patience for a positive outcome, instead of rushing
BUS/475
March 26, 2013
Quaterra Strategic Plan Final
Every business needs a plan, in that plan businesses need direction. Business that want to be successful will have both a great plan going in a great direction, with investors, board members and employees that believe in the same outcome, together they will be willing to implement the plan in order to have success. Quaterra Alaska a junior exploration company has a plan to the leader in the mineral exploration world, while starting a new advancer into mining. Their plan is to take old mine sights and turn them in to a profit while helping clean up old mine sights that still hold good minerals. This idea has made a small town in the rural Nevada area have potential for growth, during one of America’s worst economic times. This is Quaterra plan.
Mission
The mission of Quaterra is that “Quaterra Alaska Inc. is a mineral exploration company focused on making significant base and precious metals discoveries in North America, our Commodity is discovery” (Quaterra Resources Inc, 2011). The mission to bring top of the line geology and research to the towns that Quaterra will stake claims and explore in trying to find world-renowned mineral deposits.
Vision
When Quaterra create a vision statement, they put their passion, imagination, dreams, hopes and wishes for the company into a statement that tells the potential investors that Quaterra is worth their investment. Quaterra will establish a clear vision for the strategic planning process, paint a picture of where the organization will end up and the anticipated outcomes make certain the picture is one of reality (Human Resources.com, 2008). Quaterra vision is “a scarcity of new discoveries and long lead times ensures exploration successes will be rewarded” (Quaterra Resources Inc, 2011). Noting that making time to finish an exploration and have the patience for a positive outcome, instead of rushing
References: BusinessDictionary.com. Core Values. Retrieved on November 14, 2008, from http://www.businessdictionary.com/definition/core-values.html Business Resource Software (2008). Mission Statement. Retrieved on November 14, 2008 from www.businessplans.org/Mission Human Resources.com (2008). How to Implement Strategic Planning: Vision Statement, Mission Statement, Values. Retrieved on November 13, 2008 from http://humanresources.about.com/od/strategicplanning1/a/implement_plan.htm Quaterra Resources Inc. (2011). Retrieved from http://www.quaterra.com/ Robert S. Kaplan and David P. Norton, The balanced Scorecard. Translating Strategy into Action. (2010) Retrieved From http://www.quickmba.com/accounting/mgmt/balanced- scorecard/