Sufra Restaurant Business Strategy
Executive summary: By: Mohammad Haron Sahab
I have learned for the past three months during the strategic management sessions the concept of business, strategic management process in business, types of strategies, how to run the business, what business shall a company be in, how to survive in a business competition environment, ect. That can be listed in below to the possible order.
Strategy gives directions to the business where to go and how to go to achieve the targeted business objectives
The company shall have in place business model to track the profitability of the company whether there are competitors in the industry or not.
Business competitive advantages and strategic ways of business on how a remarkable large numbers of buyers or costumers deal buy the products and service of the company amongst other who do the same.
How the businesses set the vision where to go (we need to consider our core value like creativity, excellent customer service social responsibility, core purpose like many frequent question why I am doing this and visionary goals like quantitative or qualitative goals such as a sales target or Ford's goal to "democratize the automobile."), and develop it in to mission statement, what to do and why to do, and then define smart objectives and goals how to measure the progress and later on develop effective strategies, how to go ( SWOT) types of strategies, implement and evaluation the progress accordingly and if needed adjust accordingly too. In other words; in today's highly competitive business environment, budget-oriented planning or forecast-based planning methods are insufficient for a large corporation to survive and prosper. The firm must engage in strategic planning that clearly defines objectives and assesses both the internal and external situation to formulate strategy, implement the strategy, evaluate the progress, and make adjustments as necessary to stay on track.
A scan of the internal and external environment is an
I have learned for the past three months during the strategic management sessions the concept of business, strategic management process in business, types of strategies, how to run the business, what business shall a company be in, how to survive in a business competition environment, ect. That can be listed in below to the possible order.
Strategy gives directions to the business where to go and how to go to achieve the targeted business objectives
The company shall have in place business model to track the profitability of the company whether there are competitors in the industry or not.
Business competitive advantages and strategic ways of business on how a remarkable large numbers of buyers or costumers deal buy the products and service of the company amongst other who do the same.
How the businesses set the vision where to go (we need to consider our core value like creativity, excellent customer service social responsibility, core purpose like many frequent question why I am doing this and visionary goals like quantitative or qualitative goals such as a sales target or Ford's goal to "democratize the automobile."), and develop it in to mission statement, what to do and why to do, and then define smart objectives and goals how to measure the progress and later on develop effective strategies, how to go ( SWOT) types of strategies, implement and evaluation the progress accordingly and if needed adjust accordingly too. In other words; in today's highly competitive business environment, budget-oriented planning or forecast-based planning methods are insufficient for a large corporation to survive and prosper. The firm must engage in strategic planning that clearly defines objectives and assesses both the internal and external situation to formulate strategy, implement the strategy, evaluate the progress, and make adjustments as necessary to stay on track.
A scan of the internal and external environment is an