Running Header: Strategic Plan Part II Strategic Plan Part II – Environmental Analysis and Setting Strategic Goals HCS 586 March 5‚ 2012 Strategic Plan Part II – Environmental Analysis and Setting Strategic Goals Strategic planning can dictate the success of any organization if properly planned as well as the failure of an organization if not implemented as planned. Strategic planning is all about making choices. It is a process designed to support leaders in being intentional about
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STRATEGIC PLAN Why Strategic Planning is Important Strategic Planning – Why should an Organization consider it? After all a Strategic Plan can be formal Eg.‚ In a small Organization the owner / CEO develops a Plan in his mind and communicates it to all the employees in a clear manner‚ where the employees know the Goals and Approach to achieve them which could be considered an Informal Plan could be successful at times. Nevertheless as an Organization grows a need for a systematic Strategic Plan
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Articles & Case Studies: Blockbuster Video case study: I. Issue: The central issue or issues of the Blockbuster Video case that the company faced‚ can be broken down and represented as three major areas of focus: • Financial ? Prevent the continual decline in cash flow and profits. Lower inventory costs. • Strategic ? How to react to an ever decreasing video rental market. Promote global marketing to reach and service the international home entertainment market. • Technology ? Implement Best
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V. Case Studies A New Blockbuster Image In the fall of 1993‚ Chairman H. Wayne Huizenga of Blockbuster faced a host of difficult decisions concerning the future of the company. Should he slow down the diversification of the company? Was his approach too scattered? A year earlier‚ in 1992‚ Blockbuster was merely a video-rental giant. Steps taken in the past months‚ however‚ had set Blockbuster on a course toward becoming a full-fledged entertainment company. But the steps taken were not without
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Strategic plan Strategic Plan‚ Part I: Conceptualizing a Business University of Phoenix BUS/475 Miriam Dozier March 7‚ 2011 Strategic Plan‚ Part I: Conceptualizing a Business Health Bod is a store focused upon relaxation as an aid in healthy living. Health Bod provides a variety of products‚ tools‚ and techniques for customers to practice at home relaxation therapy. These products include body and cosmetic services‚ aroma therapy products‚ reflexology‚ perfumes‚ and candles. The
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Strategic Plan‚ Part I: Conceptualizing a Business I have a child who is artistic and throughout his life I have searched for various programs and facilities that would enhance his learning ability. Now that he is an adult there are only a few places‚ which offer continued life lessons for adults with autism. Most of the facilities are faced with no money or support. The government has reduced funding to the nonprofit organizations because of the poor economic conditions. There is usually not
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Strategic change management Marks and Spencer Profile: M&S is well-known for both its quantity basis clothing comes in most colors‚ sizes and styles as well as its quality particularly in the Food Hall‚ where the produce is often considered superior to that in many super markets. M&S is known to a lot of people as Marks & Sparks or M&S‚ is one of the leading retailers with over 600 stores in the UK and over 200 more in 40 other countries. Although perhaps not the most fashionable place to
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Final Strategic Plan BUS/475 – Integrated Business Topics Strategic plan‚ part 1: Conceptualizing a Business Everyone wants to relax by some reasonable means. There are many products available for the relaxation therapy by using them one can get comfort after the tiredness of the whole day busy life. These products include lots of body and cosmetic services‚ body sprays‚ perfumes‚ aromatherapy products‚ candles and reflexology. These products provide body as well as spiritual
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going to buy the block buster movie which is expensive and probably not worth the amount that you are buying it for or the pirated version which is $10 and possibly all kinds of mix ups far as the quality in the movie. Alternative “A” is going to blockbuster and spending $25.95 on a newly released DVD movie either enjoying it or not getting your money worth because it was not what you expected it to be. Alternative “B” is buying the Illegal version of the movie for a cheaper price but not a good Quality
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Strategic Management: Planning Strategic management can be used to determine an organization ’s mission‚ vision‚ values‚ goals‚ objectives‚ roles and responsibilities‚ etc. Strategic planning is a management tool. As with any management tool‚ it is used to help an organization do a better job. It is used to focus its energy‚ to ensure that members of the organization are working toward common goals‚ to assess and fine-tune the organization ’s direction in response to change. Essentially‚ strategic
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