Preview

Strategic Plann Part3

Satisfactory Essays
Open Document
Open Document
653 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Strategic Plann Part3
Strategic Plan, Part 3: Balanced Scorecard
Jermaine Austin
BUS/475
June 20, 2013
Richard Hass

Strategic Plan, Part 3: Balanced Scorecard Green Mountain Coffee Roasters has a wonderful expression for both its mission and vision statements. Its mission is to create the ultimate coffee experience in every life it touches from tree to cup. Its vision is to transform the way the world understands business. I have had the pleasure of performing a SWOT analysis. Now I will explain the objectives of my balanced scorecard based from GMCR mission, vision, and my SWOT analysis. Green Mountain Coffee Roaster’s Vision Green Mountain Coffee Roasters will be the premiere gourmet coffee provider in the world, transforming the way the world understands business. Raising the standards of managers to a management style that keeps in line with the mission statement is the end vision for GMCR. Employing managers from the area that have a mixture of experience and expertise would be a great asset to the further development of the company. Incentives for performance and growth will make certain that quality expertise and consistency is something impressive that sets GMCR apart from all competition. If management recognizes that raising the standards for managers will exhibit excellence, values, and superiority; GMCR will be recognized globally and nationally as the best gourmet coffee, allowing Green Mountain Coffee Roasters to dominate this industry. Mission Statement Green Mountain Coffee Roasters mission is to create the ultimate coffee experience in every life it touches from tree to cup, and provide each customer with great coffee makers and the finest teas and coffee. We promise each and every customer great customer service, low prices with the best values and a shopping experience that meets their individual needs. Industry Analysis In terms of organizations and strategic planning, an industry analysis involves



References: Bacal, R. (2010). Strategic and Business Planning. Retrieved from http://work911.com/planningmaster/faq/scan.htm [pic]

You May Also Find These Documents Helpful

  • Satisfactory Essays

    They will then determine requirements and place purchase orders with suppliers while capitalizing on the best price, quality, and delivery possible.…

    • 603 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Uop Mgt/598

    • 2158 Words
    • 9 Pages

    Starbucks mission is a visionary statement that outlines the company’s objectives as follows: “to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time” (Starbucks, 2013). The company’s values include quality, passion, fully engaging customers, humanity and enjoyment of life, setting the standard for being good neighbors, and accountability (Starbucks, 2013). Starbucks currently sets the standard in one market sector: whole bean coffee distribution within the United States. However, as Team A consultants identified, the company jeopardizes its frontrunner industry position by not expanding. Team A consultants discussed two primary expansion opportunities, specifically expansion of the company’s product portfolio and expansion of the company’s primary product, coffee, into foreign markets. Although both expansion options provide great competitive advantage for Starbucks, expansion into strategic foreign markets provides the most opportunity for competitive advantage and is most aligned with the company’s values as it enables the company to set standards in new industry sectors and broaden the neighborhoods in which it serves.…

    • 2158 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    In this paper I will be looking at the generic strategies, value disciplines, grand strategies and global strategies of Worthington Industries, Inc. I will identify the best generic, grand, and global strategies and the best value disciplines for my recommendations. I will also recommend a strategy and / or strategies that Worthington Industries, Inc. should implement and include a rationale for these recommendations. First lets take a quick over view of Worthington Industries, Inc. This company established in 1955 is a diversified metal manufacturing company, which operates in America, Europe and Asia markets. Its headquarters are in…

    • 1113 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Strategic Plan Analysis

    • 1328 Words
    • 5 Pages

    Quicken Loans Has developed a systems of beliefs called ISMs; these ISMs are practiced by all employees in the process to provide the highest quality of service to all customers. Quicken Loans uses autocratic and paternalistic management styles to increase efficiency and effectiveness within the organization. Quicken Loans takes pride in providing high quality services to all customers by focusing on Total Quality Management. Without TQM Quicken Loans would not have the exceptional reputation like they do at this point.…

    • 1328 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Strategic Plan Part I

    • 646 Words
    • 3 Pages

    Vantage West Credit Union has become a full-service financial institution, offering a wide array of personal and business accounts, ranging from savings and checking accounts, to loans, mortgages, merchant services, and consumer credit cards. The mission statement is “People helping people achieve their financial goals...our #1 priority.” Vantage West serves its members through its branches, online banking system and call center.…

    • 646 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    For the simulation my company name was H Company. Below you will find the results to the 8-year simulation. H Company has been highlighted in the majority of screen-shots.…

    • 2405 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Green Mountain Coffee Roasters (GMCR), a leader in specialty coffee and coffee makers, was founded in 1981 by Bob Stiller (Green Mountain Coffee Roasters [GMCR], n. d.). From a small café to a company listed on NASDAQ and then to a company with more than $2.6 billion net sales revenue by Sep 24 2011 (GMCR, 2011), GMCR enjoyed great financial successes. Besides, it has been recognized consistently as a socially responsible company.…

    • 803 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    A mission statement is used to describe the purpose of a company and what their goals are. In 1990 the senior executive team for Starbucks drafted a mission statement that laid out the guiding principles and in our opinion not only set the culture of Starbucks, but also is one of the main ingredients in why this company is so successful. The first guideline is to provide a great work environment and treat each other with respect and dignity and secondly put people first and profits last. With these guidelines in mind, employees feel welcomed, encouraged to think outside the box, and are never scared to ask a question that is on their minds. Innovation is rewarded by the company and any efforts by employees to be innovative and to streamline processes is encouraged by Starbucks management (Hoovers, 2002).…

    • 551 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    Strategic Management II

    • 3008 Words
    • 13 Pages

    In evaluation, all these four strategies are consistent with SWOT synthesis table because they are conducted from the SWOT analysis. Firstly, it will evaluate SO, WO and WT strategies. These three strategies are in accord with Starbucks’s mission statement as SO strategy enlarges market shares to realize profits, while WO and WT strategies embrace…

    • 3008 Words
    • 13 Pages
    Best Essays
  • Powerful Essays

    It has always been, and will always be, about quality. They are passionate about ethically sourcing the finest coffee beans, roasting them with great care, and…

    • 2034 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    coffe shop project

    • 959 Words
    • 4 Pages

    Our mission is to create a coffee shop that makes our customers feel comfortable and at home and a product that tastes great with a value that no one can beat.…

    • 959 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    12 MANAGEMENT CLOSE-UP: How Can Larry Blanford Keep Green Mountain Coffee Roasters Perking? 47 A Look Ahead 48 The Macroenvironment 48 Law and Regulations 49 The Economy 50 Technology 52 Demographics 53 Social Issues and the Natural Environment 54 The Competitive Environment 55 Competitors 55 New Entrants 57 Substitutes and Complements 57 Suppliers 60…

    • 1679 Words
    • 7 Pages
    Satisfactory Essays
  • Good Essays

    Starbucks Presentation

    • 1495 Words
    • 6 Pages

    Provide a great work environment and treat each other with respect and dignity Embrace diversity as an essential component in the way we do business Apply the highest standard of excellence to the purchasing, roasting, and fresh delivery of our coffee Develop enthusiastically satisfied customers all of the time Contribute that profitability is essential to our future success…

    • 1495 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    1.Develop an argument supporting the importance of a strategic plan for the success of the defined business.…

    • 1823 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Business Strategy 030115

    • 3369 Words
    • 10 Pages

    Strategic planning is vital for any companies. A clear understanding of the process of strategic planning is crucial for successful implementation of the same. This report focuses on mission, vision, objectives, goals and core competencies of SF Express, issues involved in strategic planning and also different planning techniques.…

    • 3369 Words
    • 10 Pages
    Powerful Essays