strategic business plan Essay - 1901 Words

Lars this is how you create a business plan. First you have to set the vision, goals, and objectives of your business. The most important driver for almost any business plan is return on investment (ROI). Commonly, when someone starts to write a business plan for the first time you need to determine what is your objective? The essential planning elements are identifying your objectives. What you are going to sell to whom, when and how you are going to sell it, how much contribution the sales will produce, what the marketing and selling cost will be, and what will be the ROI. Research would be your next step. Your market research should focus on the information you need, to help you to formulate a strategic plan and make business†¦show more content†¦The important process in developing a proposition is translating your view of these services into an offer that means something to your customer. The definition of your service offer must make sense to your customer in terms that are advantageous and beneficial to the customer, not what is technically good, or scientifically sound to you. Think about what your service, and the manner by which you deliver it, means to your customer. The important thing is to understand your services and proposition in terms that your customer will recognize as being relevant and beneficial to them. Customers value these benefits more than all others by making money, saving money, and saving time. If your propositions cannot be seen as leading to any of these then customers will not be very interested in you. When you write your business plan ensure that it shows what your business can do. Essentially your plan is a spreadsheet of numbers with supporting narrative, explaining how the numbers are to be achieved. A plan should show all the activities and resources in terms of revenues and costs, which together hopefully produce a profit at the end of the trading year. Your business plan, which deals with all aspects of the resource and management of the business, will include many variables in from the marketing process. The business plan will state sales andShow MoreRelatedBusiness Plan For A Strategic Plan Essay2045 Words   |  9 PagesIntroduction In this paper, I will select an organization and prepare a strategic plan to grow the business over the next three years. This strategic plan will include certain criteria. That criteria includes: †¢ Describing my organization’s history and major competitors. †¢ I will explain the current situation of my organization in the market. †¢ I will conduct a SWOT analysis (strengths, weaknesses, opportunities, and threats) to determine areas that offer opportunities for change. †¢ AdditionallyRead MorePlan For A New Strategic Business Plan2051 Words   |  9 PagesReport to the Board After the agreement between the two companies to merge and establish a new organisation, the need for a new strategic business plan is imperative. The massive majority of the newly-merged companies failed to reach both their financial and strategic goals and endure in an arguably competitive business world, because they lack of an effective plan, which will consider the tremendous changes that took place for both the acquiring and the acquired company and which will assure theRead MoreEvaluation Of A Strategic Business Plan946 Words   |  4 PagesA strategic business plan follows a structured process which defines the purpose and goals of the company, and then adds the actions necessary to reach those goals. Quality planning will provide more recognition and commitment to the quality effort. Quality Council: The group which will develop guidelines, measure progress and assist with implementation of the quality objectives. The Quality Council is responsible for the growth, control, and effectiveness of total quality. Quality Policies:Read MoreStrategic Analysis of a Business Plan1030 Words   |  4 Pagesï » ¿Write a 750 word research proposal, outlining the research approach you will use for the Strategic Analysis, due in Week Six. Include the following: How you intend to confirm the organizational vision, mission, and values statements Sources and tools you expect to use to perform an external environmental analysis Sources, models, instruments or tools you expect to use to perform an internal environmental analysis The vision refers to what you want your companys future to look like. This refersRead MoreAn Organization Strategic Business Plan1284 Words   |  6 PagesThe prime critical strategy in acquisition of the employee is that there is should be an official human resource plan in context of the organization strategic business plan (Singh, 2003). According to Bernardin (2003) that those organizations that their strategy is well integrated with human resource recruitment and planning, tend to have human resource competitive advantage. In the following part, the discussion would cover the practices recognized in literature in regards to recruitment and selectionRead MoreBusiness Model And Strategic Plan1373 Words   |  6 Pages Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan Norma Murillo BUS/475 Dax Chell April 23, 2015 Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan The new Walt-Mart division’s vision and mission â€Å"make everything a customer wants to buy universally available, accessible, and socially active† is possible with a proper strategic plan. With a balanced scorecard and an adequate communication plan, the proposed strategiesRead MoreStrategic Plan For A New Business1483 Words   |  6 PagesStarting a new business is not easy especially in an industry that already has strong procedures and standards. Every manager and leader associated with a startup company knows the value of a solid business plan and its impact on the first year of operation. One of the first steps new owners take before opening its doors is to develop a strategic plan and company objectives, both long and short-term that provide a blueprint for enterprise growth. Organizational executives are responsible forRead MoreEvaluation Of A Strategic Business Plan6241 Words   |  25 PagesASSESSMENT Part 1: Quantitative Analysis Brief Project Introduction Business plans are necessary for growth and success of companies. As cited in Scott (n.d.), a strategic business plan is a written document that pairs the objectives of a company with the needs of the marketplace. The plan allows businesses to focus on a particular niche in the marketplace, which makes sales, advertising and customer management more effective.† The plan helps businesses evaluate its strengths and weaknesses and provideRead MoreA Formal Strategic Business Plan1094 Words   |  5 Pagesto successfully provide customers with affordable entertainment. CanGo was able to capture a large market of a variety of consumers. CanGo had its fair share of concerns. One major issue that CanGo faces is that it does not have a formal strategic business plan. The organization has failed to define its goals both short and long-term. The organizational structure needs to be revised as well. The roles are clearly defined but CanGo often submits to a unified form of decision-making. The owner, ElizabethRead MoreBusiness Model And Strategic Plan2380 Words   |  10 PagesBusiness Model and Strategic Plan Part 1: Conceptualizing a new product or service division of an existing business Miracle Spa is a therapy store center on relaxation as an aid in healthy living. Miracle Spa gives a mixture of products, techniques, and tools for customers to follow at home relaxation therapy. These goods combine body and cosmetics services, reflexology, aromatherapy products, candles, and perfumes. The performance of a healthy balance of spirit, mind, and body is Miracle Spa’s focus