Strategic Plan (Evens)

Develop the skills to assess the success of the plan.

Evaluate strategic initiatives to leverage opportunities and mitigate threats to small businesses.
Demonstrate how to build a competitive advantage through functional level strategy
Prompt:

Prepare a strategic plan that contains the following sections:

Executive Summary
Company Overview (with ticker symbol)
Company History
Products and or services
Operations
Vision
Mission Statement
Corporate Values & Culture
SWOT Analysis
Competition
Management team/Leadership
Financial Outlook (financial predictors)
Strategies
Conclusion

 

Sample Solution

Remember to replace all bracketed information with details relevant to the specific company you choose.

Executive Summary:

  • Briefly summarize the company’s current situation, vision, and key strategic initiatives.
  • Highlight the main findings of the SWOT analysis and competitive landscape.
  • Conclude with a statement about the expected impact of the plan.

Example:

[Company Name] is a [industry] company (ticker symbol: [ticker symbol]) committed to [briefly state company’s mission]. This strategic plan outlines our vision to [state vision] by [mention key strategies].

Our SWOT analysis reveals strengths in [mention key strengths], weaknesses in [mention key weaknesses], opportunities in [mention key opportunities], and threats from [mention key threats].

We face competition from [mention key competitors] but are confident our unique value proposition and strategic initiatives will [state expected outcome].

Company Overview:

  • Briefly describe the company’s history, size, location, and market position.
  • Mention any subsidiaries or key partnerships.

Example:

[Company Name] was founded in [year] in [location] and has grown to become [briefly describe company size and market position]. We have [number] employees and operate in [mention key regions/countries]. We have strategic partnerships with [mention key partners, if applicable].

Company History:

  • Briefly highlight major milestones and achievements in the company’s history.
  • Briefly mention any significant challenges or setbacks.

Products and/or Services:

  • Describe the company’s main products or services.
  • Briefly explain their unique selling points and target market.

Operations:

  • Briefly describe the company’s key operational processes and capabilities.
  • Mention any important partnerships or outsourcing arrangements.

Vision:

  • Describe the company’s desired future state in a concise and inspirational way.

Mission Statement:

  • Clearly articulate the company’s purpose and reason for existence.

Corporate Values & Culture:

  • Define the core values that guide the company’s decisions and actions.
  • Briefly describe the company culture and how it reflects those values.

SWOT Analysis:

  • Identify the company’s Strengths, Weaknesses, Opportunities, and Threats.
  • Use specific examples and data to support your analysis.

Competition:

  • Identify the company’s key competitors and analyze their strengths and weaknesses.
  • Describe the competitive landscape and the company’s competitive advantage.

Management Team/Leadership:

  • Briefly introduce the key members of the management team and their qualifications.
  • Highlight their relevant experience and track record.

Financial Outlook:

  • Briefly discuss the company’s financial performance and key financial indicators.
  • Use relevant data and charts to showcase financial health and future projections.

Strategies:

  • Outline the specific strategies the company will undertake to achieve its vision and mission.
  • Explain how each strategy addresses the SWOT analysis and competitive landscape.
  • Set clear, measurable, achievable, relevant, and time-bound (SMART) objectives for each strategy.

Conclusion:

  • Summarize the key points of the strategic plan and reiterate the company’s vision and goals.
  • Express confidence in the plan’s ability to achieve success.

Additional Tips:

  • Use clear and concise language throughout the plan.
  • Support your claims with data and evidence whenever possible.
  • Tailor the plan to the specific audience you are presenting it to.
  • Regularly review and update the plan as needed.

This question has been answered.

Get Answer
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, Welcome to Compliant Papers.