Preview

Grace Kennedy Foods GAP Analysis

Good Essays
Open Document
Open Document
1077 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Grace Kennedy Foods GAP Analysis
AC 4.1 Propose a suitable structure for a strategy plan that ensures appropriate participation from all stakeholders of an organization
The propose strategy structure entails the elements of a strategic plan for the planning process at Grace Kennedy Foods. It reviews the vision, mission, values and objectives and lay out its proposed strategies and goals (Planware.org, 2016). In furtherance, the Board of Directors, Executive Members, Managers, Employees and Customers will be a part of this strategic plan. In addition, a Stakeholder Participation Matrix will be used to ensure full stakeholders participation (Lienert, n.d.).
The GraceKennedy Limited is a public company that has a Group of subsidiaries operating mainly in the food and the financial …show more content…
“Grace Kennedy strategies are outlined and are guided by the Balanced Score Card” as indicated by (Cummings, 2016) during an interview. The Balance Score Card “is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals” (Balancedscorecard.org, 2015 par 1). Furthermore, this paper will assess a GAP Analysis of Grace Kennedy Foods current situation versus the future state of the company.

“Gap Analysis is a method used extensively in the process of designing the strategy of an organization (Kyriazoglou, …show more content…
The advantages are as follows:
It is a viable tool that is used to provide stakeholders wealth of knowledge and information into a preliminary strategy plan.
It provides a clear participation of each stakeholder’s involvement.
It enables the planning of stakeholder involvement to minimize failures of implementation.
It encourages and accommodates planning.
The disadvantages are as follows:
Requires expertise to convert stakeholders existing information into effective decisions.
The risk of misinterpretation.
It is time consuming.
Grace Kennedy Foods should view the Participation Matrix as a vital tool to develop appropriate ways to get stakeholders involve into the planning process. This includes meetings, presentations, seminars and workshops. It is a viable tool that is used for the planning of stakeholders’ involvement and will be employed by Grace Kennedy Foods to reap the benefits of the planning and implementation
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    ECO 365 Week 4 Differentiating between

    • 1028 Words
    • 4 Pages

    ECO 365 Week 4 Differentiating between

    Kudler Fine Foods is the brain child of Kathy Kudler. She envisioned a one stop gourmet food store and has grown to three locations to date. She continues to maintain direct control over large bulk purchase order items, stringent customer service policies, and hiring. The following is a discussion of how the organization competes in the marketplace and the strengths and weaknesses of the firm as indicated by the marketing surveys completed by their customers. There will also be discussion of the market structure which best applies to the organization and how that structure positively and negatively affects the firm, how the effectiveness of the competitive strategies in the market structure affect the organization’s long-term profitability, and what competitive strategies recommendations may be made.…

    • 1028 Words
    • 4 Pages
    Better Essays
    Read More
  • Better Essays

    Business Case Study: Kudler Fine Foods
    • 1140 Words
    • 5 Pages

    Business Case Study: Kudler Fine Foods

    Kudler Fine Foods is a food store that prides them-selves on delivering quality goods and wines to their customers. The store has three locations throughout the San Diego area to better accommodate the customers availability and experience. According to the accounting records, in 2003 the company had over a $600,000 loss. Even though this is the year that the third store was opened, it is still detrimental to a company. A well planned marketing system can increase profits year round and make a great impression on its customers (Gordon, 2006). Kudler Foods has a descent marketing system right now but it could always be better.…

    • 1140 Words
    • 5 Pages
    Better Essays
    Read More
  • Better Essays

    Frieda’s Fizz Balanced Scorecard Analysis
    • 1163 Words
    • 5 Pages

    Frieda’s Fizz Balanced Scorecard Analysis

    A balanced scorecard is a tool to provide management a way to bridge the gap between the organization’s strategy and vision and the operational processes used to do business. It enables the company to look at more than just the financial targets, but to include nonfinancial measures such as customer service, internal business processes and more. These intangible measures provide better focus on the organization’s long-term strategies. This paper is an attempt to analyze Frieda Fizz decision to utilize a balanced scorecard as they expand into new geographic areas. The strengths and weaknesses of each perspective are discussed along with the pros and cons of using such an approach. It is recommended that Frieda Fizz use this tool through its expansion phase, keeping in mind that whether such an approach succeeds or not depends on organizational support and continual review of its objectives and measures.…

    • 1163 Words
    • 5 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Kudler Fine Foods
    • 681 Words
    • 3 Pages

    Kudler Fine Foods

    Kudler Fine Foods wants to increase customer loyalty with offering more services, increasing the firm’s understanding of customers’ buying patterns, and giving more efficient operations. Customers will be informed through marketing and word of mouth (Virtual Organization Portal: Kudler Fine Foods). The company wants to widen its service by giving a catering service with the including the in-store parties that it currently offers. The company wants to utilize local organic growers to buy products. Planning and strategizing helps the organization create future goals and create the steps needed to accomplish those goals. The company needs determine how management can frequently scan grocery industry for ideas needed to make their vision a reality. Kudler Fine Foods need to capitalize its internal and external strengths. The company can achieve this by concentrating on the company’s values and mission statements. With a good strategic plan, the company can be successful.…

    • 681 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Kudler Fine Foods: Differentiating Between Market Structures
    • 1135 Words
    • 5 Pages

    Kudler Fine Foods: Differentiating Between Market Structures

    Kudler Fine Foods currently possess a competitive edge in the specialty or gourmet foods market as a result of their prime location and customer base; however, there is much room for improvement to sustain its operational capacity. Kudler’s strategic plan vividly highlights key areas for improvement as well as potential risks that could hinder long- and short-term strategic objectives. In each of Kudler’s three locations, potential competitors exist that could easily hi-jack their customer base in the long-run if changes are not made to address some weaknesses.…

    • 1135 Words
    • 5 Pages
    Better Essays
    Read More
  • Better Essays

    Bus/475 Partiii
    • 810 Words
    • 4 Pages

    Bus/475 Partiii

    Strategic planning will determine the course of this new business. A strategy provides a framework for managerial decisions, reflecting a company 's awareness of how, when and where it should compete; against whom it should compete; and for what purposes it should compete (Pearce, Robinson 2009). The first thing we did was plan our business strategies and our purpose at Blu Wine Partners which is the mission statement. A mission statement will describe the purpose of the company, what services will be provided, the companies philosophy, and goals. The mission statement is a living statement and may need to be changed to meet the needs of changing times (Pearce, Robinson 2004).…

    • 810 Words
    • 4 Pages
    Better Essays
    Read More
  • Powerful Essays

    Kudler
    • 2859 Words
    • 12 Pages

    Kudler

    The topic being researched is how Kudler Fine Foods can improve the success of the business by preparing for possible competition, and streamlining expansion procedures. The sources used are the Kudler Fine Foods Strategic Plan, and The University of Phoenix online databases. Findings suggest that implementing a research and market analysis plan, as well as an effective risk management plan will ensure successful expansion and growth of Kudler Fine Foods. A risk management plan and market analysis of new locations, will allow Kudler to acknowledge potential problems and pre pare for them. The following is a problem statement explaining what is currently wrong with Kudlers plans on expansion, and how they can improve these plans.…

    • 2859 Words
    • 12 Pages
    Powerful Essays
    Read More
  • Best Essays

    Kudler Fine Foods Organizational Structure
    • 2901 Words
    • 12 Pages

    Kudler Fine Foods Organizational Structure

    The integration of frequent shopper programs; in which consumers will be offered points as well as incentives for consumer loyalty will increase web and floor traffic. The purchase of new technology across departments to help facilitate the management process and create an atmosphere that is flat, open door policy to communicate will be encouraged as pointed out in the action plan. An employee incentive drives quality assurance and happiness as well as shows appreciation so that the vision and spirit of the company will be reverberated from employee to consumer. Organizational structure is important and it has been pointed out so that Kudler Fine Foods will differentiate from the company’s competitors, the low cost and the speed in which the company will help to market in a way that will please consumers. The flat structure gives room to open communication and keep all levels of the structure coherent and open to what is being communicated from the consumer to the individuals on the front line to management. Collaboration and communication is key to success, the Five C’s will help to shape a strong industry leader, and Kudler Fine Foods will incorporate communication, coordination, cooperation, collaboration, and contribution. Lateral and Vertical Collaboration will help to cut cost by partnering with specialty companies in helping to…

    • 2901 Words
    • 12 Pages
    Best Essays
    Read More
  • Powerful Essays

    Strategic Initiative Paper Fin/370
    • 1726 Words
    • 7 Pages

    Strategic Initiative Paper Fin/370

    McDonald’s has been in business since 1955. Through many years of great strategic and financial planning, it has become one of the most successful food chains in the world. In order to continue its great success, McDonald’s must continue to adapt to change. In this paper we will discuss the strategic and financial planning that would be necessary to keep McDonald’s on top of the food chain.…

    • 1726 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    Lateral and Vertical Collaboration
    • 282 Words
    • 2 Pages

    Lateral and Vertical Collaboration

    Communication and collaboration are both essential elements in an organization’s strategic objectives, daily functionalities, and their ability to gain a competitive advantage. Kudler Fine Foods’ ability to communicate closely together as well as collaborate in their operative functions are impressive; however, an action plan that focuses on improving communication, along with lateral and vertical collaboration within Kudler’s employees would prove to be beneficial to the success of the company. Benefits that Kudler could obtain are the elimination of errors or mistakes that occur because of the lack of communication between Kudler’s Administrative departments, store managers, department managers, and hourly employees; an increase in response time; more effective inventory control; a greater satisfaction among Kudler’s employees and customers.…

    • 282 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Panera Bread Stakeholders
    • 327 Words
    • 2 Pages

    Panera Bread Stakeholders

    During the 1980s, Shaich and his colleagues began developing a strategy for changing the way America eats. How did they decide on the bakery café strategy? Did Panera's leaders seem to follow the six steps of strategic planning?…

    • 327 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Starbucks Initiative: Strategic Planning
    • 1351 Words
    • 6 Pages

    Starbucks Initiative: Strategic Planning

    The issues of concern within company for the purpose of understanding the strategic planning the initiative of expanding their product base. After careful evaluation of the financial records and information on the new initiatives, Starbucks provided, it is clear that this particular initiative is important to the company. The review and evaluation of this strategic plan will provide an idea of the direction the company is heading and how the implementation of this new plan facilitates the goal of the company and where they are headed. We will explain how this initiative will affect the company in the areas of cost and sales and just as importance is how this will affect the future success of the company.…

    • 1351 Words
    • 6 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    ACTIVITIES
    • 874 Words
    • 4 Pages

    ACTIVITIES

    Least in this Order: Academic Awards/Honors, Health Care Exposure, Community Service, Research, Leadership, Extracurricular Activity, Employment, and Other.…

    • 874 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Boy Meets World
    • 1253 Words
    • 6 Pages

    Boy Meets World

    Boy Meets World was one of my favorite childhood sitcom; it shows ethical decisions that needed to be made in the era. The sitcom has multiple angles and perspectives of different issues and life lessons. The main character Corey Matthews goes through life long journey with struggles and mishaps with family and friends. Boy Meets World shows how the “average” teenager is life. During the time of the show, the Matthews made is seem that the most important thing in life was family and friends. This sitcom shows personal, historical, technical, ethical, cultural, and critical perspectives.…

    • 1253 Words
    • 6 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Theories of Communication
    • 453 Words
    • 6 Pages

    Theories of Communication

    2. Message is coded (encodes) 1.Idea occurs (sender) 3. Message is sent (message) Argyle’s Communication Theory(Cynosaurus ) 6. Message understood (receiver) (etal, 2012)…

    • 453 Words
    • 6 Pages
    Satisfactory Essays
    Read More

Related Topics