Preview

Strategic Management Process Paper

Better Essays
Open Document
Open Document
1541 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Strategic Management Process Paper
Strategic Management Process Paper Santosh Tolani
12/01/2014
MGT 401
Strategic Management Process Paper
Develop a clear vision and translate it into a meaningful mission statement. Our mission here at Moyo’s Jerzey Ink Mobile Tattoo Studio is to ensure that our clients are serviced in a clean, safe, and relaxed environment. Our vision is to provide quality service and help the local community. We want to be unique in every facet of the business such as the creation of your new custom piece, body modification, and cosmetic tattooing. We provide our services without decree or predetermined notions. Moyo’s Jerzey Ink will work hard for our consumers as well as abide by a moral compass in every interaction that we have with clients. We symbolize every individual who wants to exude their individualism by telling their personal story through art and ink.
Assess the company’s strengths and weaknesses. The main strength we possess here at Moyo’s Jerzey Ink would be our differentiation. We strive to offer something to our clients that will set us apart from the other shops such as friendship, support for the local community we work in, and providing services in the comfort of your home. Our weaknesses would include our inability to do portraits and the time frame in which services are provided. We need to cut down the time it takes for services rendered so that clients are more likely to come back if they are receiving quality work in a decent time frame.
Scan the environment for significant opportunities and threats facing the business. First we want to start with the demographic in the area we are trying to tattoo in. We basically service any area of Florida it is financially feasible to travel to. Next we need to focus on the culture which is prevalent in the towns we are working in making sure that our advertisements do not offend anyone and we are revered as a legitimate hard working small business. It is also important to get a

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Alice Correa bought three yards of cloth to make a dress. The cloth was on sale for $1.93 per yard. How much did Alice pay for the cloth if the sales tax was 5 percent? A. $5.82 B. $2.02 C. $5.79 D. $6.08…

    • 1183 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Sandwich Blitz Inc.

    • 517 Words
    • 4 Pages

    business? Be sure to identify at least one strength, one weakness, one opportunity, and one threat…

    • 517 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Strategic Planning at Valve Introduction A global leader in the software and computer gaming industry, Valve maintains a very unique internal operating environment. The company operates without any managers, instead relying on all employees to manage themselves. Grouped into project teams, the employees of each team are collectively responsible for the success of their respective project. While it could no doubt be argued that there are certain benefits to Valve’s distinctive operating style, it is evident from the case study that there are also substantial problems with the operational ecosystem within Valve. One of the major issues for Valve is the lack of strategic planning within the organisation. All of Valve’s employees work in project groups, and their goals, tasks, and deliverables are all project-specific. As such, there is no employee group specifically focused on longer-term, strategic planning for the organisation. Valve’s flat organisational structure also means that there is an absence of management personnel, who would usually be charged with driving the strategic planning process. This lack of strategic planning at Valve has left the organisation without clear goals, objectives, and plans for the future. An absence of strategic planning also exposes Valve to the risk that it will be in a weaker position to respond to future changes in the operating environment. Schermerhorn, Davidson, Poole, Simon, Woods, and Chau (2011, p. 166) define planning as ‘setting objectives and determining how to accomplish them’, and stress the importance of planning as one of the four functions of the management process. Strategic planning maps out the company’s future goals and objectives, and allows the employees to see the direction the company wants to take. Without strategic planning, Valve cannot hope to be successful…

    • 2554 Words
    • 11 Pages
    Best Essays
  • Good Essays

    The organization I have researched and collected the relevant information to complete this assignment is Voodoo Tattoo, this business is located in Gosford on the Central Coast.…

    • 4569 Words
    • 17 Pages
    Good Essays
  • Satisfactory Essays

    Risks associated with the initiative and financial effects they may have on the Microsoft Corporation. One risk is losing valuable components of the software Microsoft develops, in order to comply with the legal rules and regulations. This may cause Microsoft to pull some products out of circulation from countries that have different laws, which can drastically drop Microsoft’s profit margin. Trying to follow the laws and regulations can also cause a delay in development leading to a loss in revenue. Microsoft was the first software company to catapult itself to the for-front of the technology era. Now Microsoft has to work twice as hard to stay on top of the wave of the technology field, and this means following all the legal regulations set by all of the players in this field, including countries that do not always play nice.…

    • 309 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Tatto Parlor Business Plan

    • 2729 Words
    • 11 Pages

    The prices of the individual artist vary, but one thing is for sure the shop will have minimum of 60 dollars for a tattoo. One of the artists in the shop, Rick (co-founder), also does award winning portraits in black and gray form. Another service offered is laser removal, by state trained professionals with a nurse on hand during the removal. In the immediate future, the parlor will also open a piercing and dermal implant room, with a professional piercer (Coz). The business will also sell shop specific clothing items and posters featuring designs created by the artists at the business. The founders, Terry and Rick (a tattoo artist and silent partner), seek a $25,000, two-year loan to launch the business.…

    • 2729 Words
    • 11 Pages
    Better Essays
  • Good Essays

    1. To develop a general management perspective that encompasses all functional areas, and that builds on previous academic study and professional experience.…

    • 920 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Write a 700- to 1050-word paper in which the team evaluates and compares different components of each business’s model after completing each matrix.…

    • 517 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Strategic Initiative Paper

    • 1048 Words
    • 5 Pages

    There is an increase in governmental and public analysis regarding food safety. Whole Foods believe customers shop Whole Foods because of their concentration in health, nutrition, and food safety. Customers hold Whole Foods to a higher food safety standard than other supermarkets. The perceived or actual sale of contaminated food products could result in “government enforcement action, private litigation, product recalls and other liabilities, the settlement or outcome of which might have a material adverse effect on our operating results” ("U.S. Securities And Exchange Commission," 2012).…

    • 1048 Words
    • 5 Pages
    Good Essays
  • Good Essays

    assess the potential strengths and weakness and the possible opportunities and threats that may be…

    • 845 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Innovation Process Paper

    • 1051 Words
    • 4 Pages

    University of Phoenix, AustinInnovation, Design, and Creativity for a Competitive Advantage - OI/461March 2, 2009The purpose of this paper is to identify and discuss the four basic phases of the innovative process and how the team will apply the innovative process to change the Greyhound bus lines the team has chosen to discuss. The team will also identify the appropriate tools and techniques to be used in this process and explain why they were selected and measure the results and what steps that Greyhound bus lines will take to ensure continuous improvement.…

    • 1051 Words
    • 4 Pages
    Better Essays
  • Good Essays

    The strategic management process consists of four major components; they are environmental scanning, strategy formulation, strategy implementation, and evaluation and control. They each are broken down into their specific roles within the strategic management process. The Environmental Scanning is the monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation. An easy way to use this component would be SWOT, this acronym stands for Strengths, Weaknesses, Opportunities, and Threats and it shows the strategic factors for each individual company. The next component of the process is the Strategy Formula and that is the development of long-range plans…

    • 729 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Bibliography: Management Powertools by Harry Onsman, published by Mcgraw Hill dated year 2004 (accessed on Sep 6, 2010)…

    • 5147 Words
    • 21 Pages
    Powerful Essays
  • Satisfactory Essays

    Strategic Plan Outline

    • 368 Words
    • 2 Pages

    This is written to the scope and level of content that an "outsider" can read the summary and grasp the vision, mission of the organization, its overall goals and objectives, major strategic issues and the key strategies implemented to attain the goals.…

    • 368 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Strategic Initiative Paper

    • 1407 Words
    • 4 Pages

    Wal-mart is very proud to be a good neighbor and citizen in many communities across the United States and around the world. Wal-mart believes that it’s a privilege to be a store that’s part of the community and they also believe it’s there responsibility to help sustain the communities that rely on them. Wal-mart has held several initiatives such as helping with people to get jobs, giving for the holidays at local food banks, and supporting the idea of green jobs. Wal-mart is very active and wants to initiate good things happening in the economy. Wal-mart is a leader in sustainability, corporate philanthropy and employment opportunity. Furthermore, Wal-mart ranked first among retailers in Fortune Magazine’s 2010 Most Admired Companies survey.…

    • 1407 Words
    • 4 Pages
    Powerful Essays