The document discusses strategic planning for entrepreneurship. It describes determining objectives, developing a mission statement, and setting strategic objectives. It also covers adopting courses of action using tools like SWOT analysis and sales forecasts. SWOT involves assessing strengths, weaknesses, opportunities, and threats. Implementing strategies requires identifying specific methods and deploying necessary resources. Strategic planning provides a systematic approach for achieving a firm's goals.
Scott droney - strategic planning and strategic managementScott Droney
Scott Droney is provide financial services spectrum as well as data processing and managing segments. Since most of its financial services were retail focused, the need to build scale and skill in the transaction processing domain became imperative.
Building on the global industry comparative analysis you did in jenkinsmandie
Building on the global industry comparative analysis you did in Project 3, develop a business plan for your organization to operate in a new country. Analyze the new country first as a site for certain value-chain activities, and second as a market for your organization's products. Note that the term
products
will refer to products, services, or a combination of the two.
Your business plan should include a marketing strategy and an entry strategy. Also take into consideration the requirements of accounting and finance. Develop market share estimates and revenue projections using historical data from your organization in the United States and your own research into market size, pricing, and unit sales for the industry in the selected country. Estimate the investment required for relocating one or more activities of your organization's value chain from the United States to the selected country. Also estimate the time needed for your organization to break even. Provide the assumptions behind your projections and assessments of both short-term and long-term risks.
When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.
1.1: Organize document or presentation clearly in a manner that promotes understanding and meets the requirements of the assignment.
5.2: Assess the implications of legal, ethical and cultural (national) standards on an organization's operations in global markets and make recommendations for appropriate actions.
6.1: Identify the general (external) environment in which an organization operates and discuss the implications for enterprise success.
6.2: Evaluate strategic implications for domestic and international markets of an organization's industry.
6.3: Analyze an organization's internal strengths and weaknesses for strategic value.
6.4: Develop and recommend strategies for an organization's sustainable competitive advantage.
7.1: Analyze the legal forms of business organization and make recommendations to support business decisions.
7.4: Analyze the impact of international and foreign laws on US organizations acting domestically and abroad.
8.1: Evaluate major business/organizational systems and processes and make recommendations for improvement.
8.2: Analyze an organization's current technology capabilities and needs, identifying specific strengths and areas of weakness.
9.1: Design organizational structures, systems, and processes that support the strategic goals of the organization.
9.2: Evaluate how human capital serves as a source of competitive advantage.
9.3: Apply the principles of employment law for ethical practices and risk mitigation.
10.1: Apply relevant microeconomics principles to support strategic decisions for the organization.
10.2: Analyze financial statements to evaluate and optimize organizational performance.
10.3: Determine optimal financial decisions in pursuit of an organiza ...
Scott droney - strategic planning and strategic managementScott Droney
Scott Droney is provide financial services spectrum as well as data processing and managing segments. Since most of its financial services were retail focused, the need to build scale and skill in the transaction processing domain became imperative.
Building on the global industry comparative analysis you did in jenkinsmandie
Building on the global industry comparative analysis you did in Project 3, develop a business plan for your organization to operate in a new country. Analyze the new country first as a site for certain value-chain activities, and second as a market for your organization's products. Note that the term
products
will refer to products, services, or a combination of the two.
Your business plan should include a marketing strategy and an entry strategy. Also take into consideration the requirements of accounting and finance. Develop market share estimates and revenue projections using historical data from your organization in the United States and your own research into market size, pricing, and unit sales for the industry in the selected country. Estimate the investment required for relocating one or more activities of your organization's value chain from the United States to the selected country. Also estimate the time needed for your organization to break even. Provide the assumptions behind your projections and assessments of both short-term and long-term risks.
When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.
1.1: Organize document or presentation clearly in a manner that promotes understanding and meets the requirements of the assignment.
5.2: Assess the implications of legal, ethical and cultural (national) standards on an organization's operations in global markets and make recommendations for appropriate actions.
6.1: Identify the general (external) environment in which an organization operates and discuss the implications for enterprise success.
6.2: Evaluate strategic implications for domestic and international markets of an organization's industry.
6.3: Analyze an organization's internal strengths and weaknesses for strategic value.
6.4: Develop and recommend strategies for an organization's sustainable competitive advantage.
7.1: Analyze the legal forms of business organization and make recommendations to support business decisions.
7.4: Analyze the impact of international and foreign laws on US organizations acting domestically and abroad.
8.1: Evaluate major business/organizational systems and processes and make recommendations for improvement.
8.2: Analyze an organization's current technology capabilities and needs, identifying specific strengths and areas of weakness.
9.1: Design organizational structures, systems, and processes that support the strategic goals of the organization.
9.2: Evaluate how human capital serves as a source of competitive advantage.
9.3: Apply the principles of employment law for ethical practices and risk mitigation.
10.1: Apply relevant microeconomics principles to support strategic decisions for the organization.
10.2: Analyze financial statements to evaluate and optimize organizational performance.
10.3: Determine optimal financial decisions in pursuit of an organiza ...
Embracing GenAI - A Strategic ImperativePeter Windle
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This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
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Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
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Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
1. - Refers to the process of determining the:
1. primary objectives of the entrepreneurship
2. adopting courses of action and
3. allocating resources to achieve those objectives.
- It also provides the entrepreneur with a
systematic approach to the achievement of the
firm’s objective.
2.
The Determination of objectives
- The objectives of the firm are important components
of the firm’s strategic planning activities but before
these are determined, the firm’s mission statement
must first be developed.
The mission statement- refers to the basic
description of the fundamental nature, rationale, and
direction of the firm. It consists of 3 concerns:
1. How the entrepreneur intends to use his resources;
2. How the entrepreneur expects to relate to ever-
changing environment; and
3. The kinds of values the entrepreneur intends to offer
to his customers.
3.
“ The mission of Birdie Poultry Products is to
provide the various poultry requirements of
consumers. This services of retailers located in
the various malls and public markets in Nueva
Ecija are tapped as means of distributing our
products. In addition to the assortment of
products, we stress quality and efficient service.
We intend to cover all towns of Nueva Ecija
within 5 years through effective pricing and
promotion.”
4.
Strategic objectives
- This refers to specific performance targets that the
entrepreneurship hopes to accomplish. The
objectives define, in specific terms, how the frim’s
mission will be realized.
Ex.
1.Expand production capacity by 50% within 2 years.
2. Increase sales by 50 % by the year 2022;
3. Increase market share by 10% every 2 years; and
4. Increase the number of outlets by three within 3
years.
5.
- A strategy that must be develop by an entrepreneur
after the primary objectives are established.
1. Establish branches in strategic locations;
2. Design a system that will attract person’s with high
potentials to work with the company;
3. Engage in the recruitment of retailers from nearby
provinces; and
4. Engage in building up the company’s image as a
reliable supplier of quality poultry products.
Adoption of course action
6.
Most popular tools
1. SWOT analysis; and]
2. Forecasts of future sales performance.
SWOT analysis- the firm which is fully aware of its
internal environment(specifically its strengths and
weaknesses) as well as its external environment
(specifically threats and opportunities) is most likely to
develop a strategy that considers the firm’s needs.
- an organized method of assessing firm’s
strengths and weaknesses and threats and
opportunities in the external environment that confront
or will not confront.
7.
- the purpose is to match the firm’s strengths and
weaknesses with external opportunities and threats to
determine what strategy to adopt.
STRENGTHS- refers to a skill, a competence, a valuable
organizational resource or competitive capability or an
achievement that gives a firm a market advantage.
Ex.
1. A recording firm’s unique line- up of contract singers;
2. A company’s ownership of the land that is the source of
high grade material required for producing it’s products;
3. The strategic location of the firm’s sales offices;
4. The firm’s exclusive supply contract with reliable
manufacturer
8.
WEAKNESSES – refers to something a company lacks
or does poorly compared to others or a condition that
puts it at a disadvantage. It must be noted, however,
that depending on the competitive situation, a
weakness may or may not make a company vulnerable
to competition.
Ex.
1. Lack of qualified managers;
2. Poor design of the firm’s product;
3. Low employee morale’
4. Poor location of the firm’s sales office.
9.
OPPORTUNITINY- refers to the chance offered by the
external environment to improve the firm’s situation
significantly.
Ex.
1.For a motorcycle trading firm: the escalating cost of
fuel.
2. For a small restaurant: the withdrawal from business
a major competitor;
3. For a tailor residing in a provincial city; the absence
of a reliable shop; and
4. For a newspaper dealer: an exclusive supply contract
for the entire province offered by a major national
publisher.
10.
THREATS- refer to a challenged posed by an
unfavorable trend or development in the external
environment that would lead to , in the absence of
purposeful entrepreneurial action, the erosion of the
entrepreneurship’s action.
Ex.
1. To the grocery store : the proposed opening of a
mall in the vicinity;
2. To the restaurant along the highway: the proposed
construction of a diversion road by passing the
highway and restaurant;
3. To the local operator of 20 units of public utility
tricycles: the proposed city ordinance banning
tricycles from plying the major streets of the city.
11.
Forecasts of future sales performance
-are supplementary tools for SWOT Analysis. It
is an estimate or prediction of the future sales or
income of the firm.
-it maybe short –term (one year or less),
medium- term( 1-5 yrs) or long term(over 5 yrs.)
- are often determined through a combination of
statistical and intuitive forecasts tempered by the
experience of the entrepreneur.
12.
Implementing strategic plans
Strategies are useless unless they are
implemented. To put strategies into action, the ff.
activities are required:
1. Identifying the specific methods to be used; and
2. Deploying the resources needed to implement the
intended plans.
13.
Identifying Specific Methods
Strategies determine the best way to use
resources. There is a need, however, to develop tactics
which will be used to implement the strategies.
If “establish branches in strategic locations” is a
stated strategy, the tactical plan to implement may
appear as follows:
1.Identify strategic locations;
2. Determine the potentials of the identified strategic
locations;
3. Set a timetable for installing the branches.
14.
Deploying the resources
The specific aim of planning is to be able to
deploy the right quality and quantity of resources in the
various activities required to achiev the objectives. The
resources would be indicated in terms of human and
non-human elements.
Fundamental Strategies for small business
1. The flexibility strategy;
2. The strategy of effectiveness as priority; and
3. The strategy of staring simple.