The purpose of this paper is to craft and execute the company strategic plan. This company will provide counseling for teenage boys and girls and help them to develop into young men and women. They will be taught in a classroom within the facility, they will receive three meals a day. There will be recreations room for them and they must maintain their grades to stay in the program. This is a life changing opportunity in which there will be professional teachers, advisors and counselors. Crafting and Executing Strategy This paper is to craft and execute the company strategic plan.
This company will provide counseling for teenage boys and girls and help them to develop into young men and women. They will be taught in a classroom within the facility, they will receive three meals a day. There will be recreations room for them and they must maintain their grades to stay in the program. This is a life changing opportunity in which there will be professional teachers, advisors and counselors. Develop an argument supporting the importance of a strategic plan for the success of the defined business. A strategic plan lays the foundation for how a business intends to operate.
Amongst other things, the company’s mission is defined, the financial plans are established and company culture created. Effective strategic planning should identify the process of (1) defining of key markets for products and services; (2) identifying competition; (3) SWOT analysis; (4) critical issues. The use and implementation of an effective strategic plan often leads to an organization’s short and long term success (Simerson, B. K. (2011)). Create a mission statement for the company explaining how the mission will be essential to the company’s success.
The mission statement delivers the highest-quality assessments that provide meaningful and actionable information to our clients. Leadership thinking lends to the presumption that, “a well-designed mission statement is linked to better organizational performance because it provides a framework for decision making, influence over staff and volunteer motivation, and a mechanism for signaling organizational legitimacy to stakeholders” (Kirk, G. , & Beth Nolan, S. (2010)). Create a vision statement for the company explaining how the vision statement supports the company’s mission.
The vision is to create a company that will be successful and popular to employees with the focus ethics and integrity. Through customer focus, quality products, innovation, improving stakeholder value; we strive to be the best at what we do. In the process, we promote corporate citizenship by improving the society in which we operate. Many people know little about the vision statement and its usage, the vision statement supports the mission statement by outlining where the company wants to be whereas, the mission statement outlines how you will get there.
Establish five (5) key objectives for the company encompassing operational, financial, and human resource aspects of the business and justify why each of these objectives is essential to the success of the business. The following five objectives are essential to the success of a business. 1. Provide quality product/service that is error free and fit for the business purpose. 2. Provide service in a timely manner effectively utilizing reduced lead times and on-time and in-full delivery. 3. Provide dependable and reliable service by employing the best candidate in our industry. 4. Producing goods and services at a cost effective price that allows for significant gross margin profits. 5. Provide a flexible business model that allows for tailor made service by customer. These five qualities; quality, speedy service, dependability, cost effective, and flexibility will position your organization ahead of the competition. Consumers today have many options for shopping and implementing these objectives establishes a competitive advantage. Justify how the five (5) key objectives established support the mission and vision statements of the company as defined in the assignment.