Running head: OPERATION, TECHNOLOGY, AND MANAGEMENT PLAN 1
OPERATION, TECHNOLOGY, AND MANAGEMENT PLAN 2
Operation, Technology, and Management Plan
Crystal Perkins
Dr. Tony Muscia
BUS 599 Strategic Management
August 24, 2015
New vision is a large-scale non- alcoholic beverage company located in the competing surroundings of New York City. The new business being on its start-up phase is propelled to penetrate new markets on the fast growing economy. Due to the increased opportunities in the market, new vision Beverage Company is looking forward to improve its competitive advantage. The company aims at ensuring their products are positioned to ensure that they offer quality service and satisfaction to the customers. The company is also focused on ensuring that it provides different types of non-alcoholic brands that match the quality and taste preferences of the customers.
In order to be able to grow, the company is looking forward to ensure that it improves its responsiveness and flexibility to customer demands. In addition, for it to achieve full potential, the company is formulating strategies that seek to improve functionality between areas of manufacturing and marketing. The company marketing strategy is majorly based on ensuring that it provides customers with the products they need. It is also serves on providing information visibility to ensure that the consumers have full knowledge of the company’s products.
Operations plan for NAB Company
The major purpose of the new vision non-alcoholic beverage company’s business plan is to raise $900,000 for the total expansion of the company. It plans to raise $100,000 from bank loan while, the other remaining amount will be raised by the company stakeholders. While planning is done, two categories of people will be taken into consideration. These include; the working class that involves portion of marketing and administrative personnel and corporate class, constituting middle and top managers who appreciate the quality non- alcoholic drinks. The company’s competitive strategies will be used on both levels to balance and improve on quality. It will also be used in meeting targets, improving the implementation process and coming up with new technological innovations. On functional level, the management will ensure that recruitment of good sales representatives is done. The management will also promote quality management and effective production processes. On the other hand, business-level strategies will serve to ensure goals, policies, procedures, mission and visions are achieved. The business level strategies will also be put in place to provide efficient processes that minimize on cost, maintain tight overhead on costs and over productions and geared towards minimizing cost of sales.
Start-up Summary
The company total expenses and capital add up to approximately $100,000. On the other hand, start-up assets required by the company including acquisition of plant ,machinery, vats.
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BUS 475 Grading Rubric Content Met The business model, strategies,
and tactics section includes the development of marketing and information technology strategies and
tactics.
Running Header: BALANCED SCORECARD
BALANCED SCORE CARD 6
Strategic Objectives
Corey D. Harrison
February 25, 2014
M. Ovase
Strategic objectives
The operations of companies have changed a big deal from the way they used to do things in the past. Initially people went to work and went back home after a day’s work without ever worrying about meeting targets because companies did not have defined objectives. However things have changed in the past few years because now everyone has to meet targets and companies have visions to chase. The achievement of the visions is dependent on the objectives that are set. Strategic objectives are currently the start point for companies because they define the general direction which must be followed by all companies. The strategic objectives direct managers to ask themselves, where they are and where they intend to go. As a company Senior Shoes needs to develop its objectives based on the following six categories of activities; Finance, Marketing, Products, Operations, Human resources, and Community.
For Senior Shoes to attain its objectives, such objectives must be driven by the vision and mission statement which guide all the activities of the organization. The mission of the company is to be the sole producer and market of Snickers across the globe.
Department
Areas
Financial Perspective
· strategic objectives in areas such as
· Market share
· Revenues and costs
· Profitability
· Competitive position
Customer Value Perspective
· Customer retention or turnover
· Customer satisfaction
· Customer value
Internal Operations Perspective
· Measure of process performance
· Productivity or productivity improvement
· Operations metrics
Employee Perspective
· Employee satisfaction
· Employee turnover or retention
· Level of organizational capability
· Nature of organizational culture or climate
· Technological innovation
Strategic objectives for the financial perspective
The finance part of an organization is key to the success of an organization because it deals with money. For the Senior shoe company, the strategic objectives for the finance perspective will be; to increase the market share of the company, based on the SWOT analysis, the company has a number of opportunities in the sense that there are new markets coming in every time for example there are schools and sports shops coming up every day. Still on the objective of increasing market share, the company has strengths in the sense that it specializes in snickers therefore it can be able to differentiate within that line. The next objective is to boost the customer loyalty as compare to other companies; the company has strengths in these areas because it can easily identify its customers because it does business within the same line. The last strategic objective in the financial perspectiv.
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BUS 475 Grading Rubric Content Met The business model, strategies,
and tactics section includes the development of marketing and information technology strategies and
tactics.
Running Header: BALANCED SCORECARD
BALANCED SCORE CARD 6
Strategic Objectives
Corey D. Harrison
February 25, 2014
M. Ovase
Strategic objectives
The operations of companies have changed a big deal from the way they used to do things in the past. Initially people went to work and went back home after a day’s work without ever worrying about meeting targets because companies did not have defined objectives. However things have changed in the past few years because now everyone has to meet targets and companies have visions to chase. The achievement of the visions is dependent on the objectives that are set. Strategic objectives are currently the start point for companies because they define the general direction which must be followed by all companies. The strategic objectives direct managers to ask themselves, where they are and where they intend to go. As a company Senior Shoes needs to develop its objectives based on the following six categories of activities; Finance, Marketing, Products, Operations, Human resources, and Community.
For Senior Shoes to attain its objectives, such objectives must be driven by the vision and mission statement which guide all the activities of the organization. The mission of the company is to be the sole producer and market of Snickers across the globe.
Department
Areas
Financial Perspective
· strategic objectives in areas such as
· Market share
· Revenues and costs
· Profitability
· Competitive position
Customer Value Perspective
· Customer retention or turnover
· Customer satisfaction
· Customer value
Internal Operations Perspective
· Measure of process performance
· Productivity or productivity improvement
· Operations metrics
Employee Perspective
· Employee satisfaction
· Employee turnover or retention
· Level of organizational capability
· Nature of organizational culture or climate
· Technological innovation
Strategic objectives for the financial perspective
The finance part of an organization is key to the success of an organization because it deals with money. For the Senior shoe company, the strategic objectives for the finance perspective will be; to increase the market share of the company, based on the SWOT analysis, the company has a number of opportunities in the sense that there are new markets coming in every time for example there are schools and sports shops coming up every day. Still on the objective of increasing market share, the company has strengths in the sense that it specializes in snickers therefore it can be able to differentiate within that line. The next objective is to boost the customer loyalty as compare to other companies; the company has strengths in these areas because it can easily identify its customers because it does business within the same line. The last strategic objective in the financial perspectiv.
Running head Mission, vision, and values. .docxtodd581
Running head: Mission, vision, and values. 1
Mission, vision, and values. 3
Name
Institution affiliation
Date
Mission, vision, and values
.
Introduction
The company that I have decided to study is Coca Cola Company. It started back in 1886 by a pharmacist known as Dr.John Pemberton in Atlanta. Currently is the leading company in the manufacture of beverages around the globe. Just like other companies, coca cola is working towards maintain a sustainable growth for the business in the beverage industries.
Body
Some of the company’s visions include; providing a great place to work for people, to offer a portfolio of drinks and brand, building a network with partners and helping to build and to support a sustainable communities. The company is in line with its vison. This is because they have managed to grow over the years in different cultures and environment. They have also made a partnership with other organization is supporting the communities in different countries which helps in supporting a sustainable community. The employees of this multinational business organization are given the best working condition while at the same time being motivated by great payments. (Papulova, 2014).
The missions of this company are; to refresh the world, to inspire the moments of happiness and creating value in people and the world as a whole. They have managed to achieve their mission by creating value to humanity. For instance, they support games such as football clubs, which eventually creates value in people. In addition to football, they also support music talent via programs such as coke studio, which offers a platform for the musicians to showcase their talents and styles. They have also managed to refresh the world by producing a variety of beverages, which offers their consumers a wide variety of choices. Apart from just producing beverages, they also have water production units, which refreshes the body. They also inspire moments of happiness by organizing events in communities and supporting talents.
The coca cola values include; leadership, collaboration, integrity, accountability, passion, diversity and quality. Since the company has managed to offer a variety of quality products at affordable prices, they have been able to meet their values.
The mission of any organization is usually meant to be used as a guide to the employees so that they can be able to live up to the rules and the regulations of the organization. It is important for the employees to master the company’s mission and the vision so that they can be able to work hard and achieve them. They also offer a road map towards the realization of profits for a given organization. Therefore, it is important for the employees to understan.
Running head Mission, vision, and values. .docxglendar3
Running head: Mission, vision, and values. 1
Mission, vision, and values. 3
Name
Institution affiliation
Date
Mission, vision, and values
.
Introduction
The company that I have decided to study is Coca Cola Company. It started back in 1886 by a pharmacist known as Dr.John Pemberton in Atlanta. Currently is the leading company in the manufacture of beverages around the globe. Just like other companies, coca cola is working towards maintain a sustainable growth for the business in the beverage industries.
Body
Some of the company’s visions include; providing a great place to work for people, to offer a portfolio of drinks and brand, building a network with partners and helping to build and to support a sustainable communities. The company is in line with its vison. This is because they have managed to grow over the years in different cultures and environment. They have also made a partnership with other organization is supporting the communities in different countries which helps in supporting a sustainable community. The employees of this multinational business organization are given the best working condition while at the same time being motivated by great payments. (Papulova, 2014).
The missions of this company are; to refresh the world, to inspire the moments of happiness and creating value in people and the world as a whole. They have managed to achieve their mission by creating value to humanity. For instance, they support games such as football clubs, which eventually creates value in people. In addition to football, they also support music talent via programs such as coke studio, which offers a platform for the musicians to showcase their talents and styles. They have also managed to refresh the world by producing a variety of beverages, which offers their consumers a wide variety of choices. Apart from just producing beverages, they also have water production units, which refreshes the body. They also inspire moments of happiness by organizing events in communities and supporting talents.
The coca cola values include; leadership, collaboration, integrity, accountability, passion, diversity and quality. Since the company has managed to offer a variety of quality products at affordable prices, they have been able to meet their values.
The mission of any organization is usually meant to be used as a guide to the employees so that they can be able to live up to the rules and the regulations of the organization. It is important for the employees to master the company’s mission and the vision so that they can be able to work hard and achieve them. They also offer a road map towards the realization of profits for a given organization. Therefore, it is important for the employees to understan.
6Running Head MT400Candace PooleBusiness Proces.docxalinainglis
6
Running Head: MT400
Candace Poole
Business Process Management
MT400
November 14, 2016
When we want to do progress we need expert advice and without expert advice it's too tough carry things according to objectives of company. To move in excellence zone companies use stakeholder engagement in order to improve their corporate policies. Stakeholders are of two types internal as well as external.
I selected Amazon and stake holders of Amazon includes
· Customers: They are related to the company in relation to sales and their objective is to get quality products like books digital contents and all other products company sells that customers use on daily basis.
· Suppliers: They supply different things to company and want development in company so that they can sell more to the company and reap good profits.
· Society: Amazon help many social communities like orphan houses, hunger trust and many other NGO's for welfare cause, their main objective is progress of company so that they can get more help from company.
· Governments: Government is a main stakeholder because government offer certain subsidies and collect taxes from company.
· Shareholders and the financial community: Shareholder want the development of company as they share profit of company and all those financial institutes who lends to the company also share profit and dividends.
Process is intended to provide its customer knowledgeable digital contents and cloud computing facilities to the general public in order to raise educated community. Success is to accomplish the goal of providing quality contents and solution to cloud computing. Goal is to effective contents and to make agreements with supplier in order to accomplish the order of client.
Metric 1: Customer Satisfaction Score:
1. Definition:
To make customer happy and service quality better in order to reach on apex of success.
2. Significance in assessment
Customer satisfaction is the key player to accomplish all goals and objectives of company.
3. Example: To check via surveys whether customers are satisfied and happy with services of company.
Metric 2: Perfect order percentage (POP)
1. Definition: An effective measure to check the percentage of orders that are perfectly taken processed, and accomplished according to the exact need of customer.
2. Significance: It's very important measure to check whether POP will accomplish the goal of quality milk of company.
3. Example: To check the list of order processing and customer feedback
Metric 3: Gross Margin
1. Definition: What percent of Profit Company is reaping from each sale?
2. Significance: Its main indicator or metric of success in any process. It ensures whether company is on right track to accomplish its goals.
3. Example: Amazon reaping 31.91% gross margin on sale of ecommerce related products and cloud computing services.
Identify two quick wins for your process. For each, describe a quick win is a visible improvement in the.
Strategic Choice and Evaluation 1
Strategic Choice and Evaluation 6
Strategic Choice and Evaluation: Verizon
Qassam AlshaikhSTR/581
February 26, 2015
Christina BehlingStrategic Choice and Evaluation
The directors of Verizon management are looking to create and develop new strategies for Verizon and needs some ideas to improve the company. The Board of Directors and the strategic planners has asked to maintain several strategies that will help take the company to a new road. Following these strategies recommendations of the best strategy will be selected based on the research and information about Verizon. And to increase company growth and build revenue it is important to determine efficient strategic choices, analysis, and evaluation that help the company create development. Making a good strategic choice can help a company evaluate alternatives in order to realize growth.
New Strategy Options
The directors of the company know that it is necessary to become more profitable and to develop a new strategy to keep the company strong, increase the firm resources, and increase profits. The board management of the company has been selected three options that help them to create success and to be in the right direction.
First the Generic strategy will allow the management to have a competitive advantage over its competitors and also will help the company to increase the generic. Differentiation strategy is an option for Verizon to develop the company’s services so that it can offer and provide value, quality, and new services to its customers. Differentiation considers a key and a unique achievement in the market because it will keep the company gain advantages over others communication firms, create the right information, and to be strong to achieve the competition. This strategy can help Verizon to reach customers and provide them support and assistance.
The second option is the Value Discipline Strategy. This value discipline strategy will help the Verizon to providing customer value. Value discipline will reduce the cost, increase productivity and assist in increasing bargaining power with suppliers. This strategy will provide efficient communication services, focus on customers, create consumer revenue growth, and create customer’s satisfaction. This strategy also can increase the services efficiently by pursuing sale of its directory business. One of the value disciplines that will work for this company is operational excellence. Operational excellence can help the company to corporate better by focusing efficient operations. This strategy will help Verizon Company to establish a system to collect input from customer’s points, to create customer’s insights, decisions, and decrease cost where needed. This option can also help the company to make social media, market analytic, and network operation. Operational excellence can create differ.
Running head BUSINESS PLAN1BUSINESS PLAN2Operation .docxjoellemurphey
Running head: BUSINESS PLAN
1
BUSINESS PLAN
2
Operation Management
Vernette Nathan
Strayer University
Dr. Sandra R. Bryant
Bus 599
30 November 2015
Name and significance
Luxury Beverage Company is one of the many exclusive licensed distributors of energy drinks. The Upscale Beverage is one of its products, which has gained utmost significance and popularity among other non-alcoholic drinks (Bohm, 2010). The company’s head office is situated in Durban, South Africa. This is a privately held company founded in 2010 with a capacity of 100 employees in each of its branches. I have chosen an upscale beverage, putting into consideration three major reasons. These reasons make the company highly significant amongst the entire population it serves and more so, to stay ahead of its competitors first, being a new product; most consumers are eager to try it. Secondly, the organization is well known for its good public image and above all, its expertise in producing energy drinks over the years (Hartline, 2002). Finally, for the case of Upscale Beverage, the name itself suggests a completely elevated product, which attracts a majority of consumers. The major aim is to offer quality products for its customers and more so, ensure that market gaps are well filled for the sake of customer satisfaction.
Mission statement and future growth rate
Luxury Beverage Company has a profound mission statement, which stands by three major descriptions;
a) To refresh the entire world with the mind, body and spirit.
b) To be an inspiration especially in moments of optimism and more so, create happiness through the company’s brands and actions.
c) To create exquisite value and make a difference in the beverage industry.
Basing consideration on competitors in the beverage industry at large, Luxury Beverage Company has to come up with strategies that will in turn provide the organization a better position in the industry. There have been numerous market entrants into the beverage industry over the past two years. Competitive advantage is desired by al organizations. Therefore, the Upscale Beverage has to be considered one of the best in the industry, for Luxury Beverage Company to have a competitive advantage. With such a trend, it is evident that the organization may be successful only it sufficient strategies are formulated and more so, in the event that formulated policies are sufficiency implemented.
Strategic position
Strategic positioning entails the development of intended objectives and specific and applicable approaches to situations that are most likely to occur within the organization operations and other activities. The Luxury Beverage Company is specific in its goal alignment and formulation of policies within the consumer goods market. Considerable steps have been taken to ensure that communication to personnel is prioritized and more so, that the firm and personnel in general are operating towards the firm's stated goals and objectives. To distinguis ...
Running head STRATEGIC MANAGEMENT2STRATEGIC MANAGEMENT2.docxtodd521
Running head: STRATEGIC MANAGEMENT 2
STRATEGIC MANAGEMENT 2
STRATEGIC MANAGEMENT
Institution Management
Student Name
Date
REPORT: THE COCA-COLA COMPANY
The Coca-Cola company has been a dominant player in the beverage industry for over a century. Market dominance can be attributed to the company’s strategic management plans. Strategic management involves the continuous planning and formulation of policies that are relevant to an organization’s vision, (Wheelen, et.al., 2017). The plans are key to achieving goals and objectives of the company. A company’s operations are subject to internal and external factors. Internal factors are mainly the human resource and managerial activities undertaken. The company can control its internal environment to suit its production activities. On the other hand, external environment entails all the activities that happen outside the company but can influence its production processes. External factors are uncontrollable.
INTERNAL ENVIRONMENT
Organizational culture: It entails all the values and traditions that the company strives to uphold throughout its production life. The mission of the company includes; refresh the world in body, mind and spirit, inspire moments of optimism and happiness, create value and make a difference everywhere the company engages, through actions and brands, (Bowers, et.al., 2017). The vision is to become fully sustainable and achieve long-term growth. Values upheld by the company include; accountability, commitment, integrity, unity of purpose, innovation and quality.
Human resource: This is the department tasked with recruiting, hiring and staffing of employees. Human resource managers at Coca cola focus much on hiring highly competent workers. This helps the company to maintain its position as the leading producer of beverages in the international market. Human resource ensures that all employee affairs are addressed effectively to enable them to concentrate and be more productive. Also, appropriate compensation plans are formulated to ensure that all employees feel appreciated and valued for their service, (Noe, et.al., 2017). The company also has training programs for all its workers across the world. This is to equip all staff members with the necessary skills that are specifically needed to achieve the company goals. Human resource management at the company is very much effective and this can be proven from their ever-expanding business and employee volumes.
Company physical assets: For any company to operate effectively, there has to be enormous investments on physical assets. The coca cola company has invested heavily on land, buildings, equipment and machinery. All these are to enable effective production process. Equipment and machinery are regularly serviced and faulty ones replaced with new ones. Also, the company disposes off its physical assets after a useful life of 40 years. New assets are purchased to enable smooth operations after dispos.
In response to the problems stated above and the improvement of organizational culture of the company, I, as a Business Advisor of DND have proposed some of the solutions and steps which should be implemented and also certain things which have to be kept in mind while improving the organizational culture in my main solution part. Some of my proposals include that the company should have personnel communication with its employees, like informal communication should be there between the employees and employers.
Source: https://www.managementolympiad.org/nmo-2020-bcs/NMO-1944-saurav-gohain.html
Digital transformation: A seminar for senior managementMichael Cairns
This presentation represents a full day workshop for senior executives designed to help define and execute digital transformation programs within their businesses.
Email if you want a downloaded copy. michael.cairns @ outlook.com
IMPLEMENTATION, STRATEGIC CONTROLS, & CONTINGENCY 2
IMPLEMENTATION, STRATEGIC CONTROLS, & CONTINGENCY 3
Implementation, Strategic Controls, and Contingency
STR/581
Running head: IMPLEMENTATION, STRATEGIC CONTROLS, & CONTINGENCY 1
Weight Loss Singles Dating Agency is an online dating service tailored to provide companionship services to individuals over the age of 18 who have undergone any form of weight loss surgery. For effective strategic formulation of implementing this new business, there is need for the implementation of an effective strategic plan to ensure the company maintains competitive advantage in the industry. The company’s strategic plan will comprise of various elements including:
· An implementation plan
· Objectives
· Functional tactics
· Action items
· Milestones and deadlines
· Tasks and task ownership
· Resource allocation
· Organizational change management strategies
· Key success factors
· Financial data including: budget, forecasted financials
· Risk management plan
Each of these elements of the strategic plan is discussed in enclosed detail.
Implementation Plan
The strategic plan intends to provide a road map for the company to benefit through both monetary and non-monetary strategies. The plan is also tailored around the corporate social responsibility business operations that in turn envision various benefits including increased sales and market share as well as establishment of brand positioning.
The strategic plan for Weight Loss Singles Dating Company also includes the SWOT analysis that will in turn play a critical role in the realization of implementation of the action plans and programs. There are also the specific activities that will be assumed to ensure advantageous positioning in this niche market.
The following chart exhibits analysis of implementation activities and when these action items will occur in the process:
Activities
Months
1st Mo
2ndMo
3rdmo
4thMo
Expected outcome/Comments
1
Personalized training: Development of a concept paper, TORs (online anonymity software), Report
X
X
Increased stakeholders and partnerships
2
Develop content for website, social media, advertising outlets
X
X
X
Capacity Building on Information Communications Technology (ICT) and its relevance
3
Form two online communities of practice on information mgmt on our blog
X
X
X
X
Increased number of stakeholders recruited and participating in the discussions
4
Development of marketing plans for each of our services
· Data collection, Data Research Data Analysis
· Peer review of report
Launch of the marketing plan with staff & management
X
X
Comprehensive marketing plans and concept paper
Peer review marketing plans
5
Created documentary on client success story – includes photography
X
X
Documentary to be shared with public when completed
6
Identify networks / stakeholders
X
X
X
Increased clientele base
7
Contributions and maintenance of the company Website, networks: blog, face-book, twitter.
1Running Head COCA COLA COMPANY2COCA COLA COMPANY.docxdrennanmicah
1
Running Head: COCA COLA COMPANY
2
COCA COLA COMPANY
Coca Cola Company
Name
Institutional Affiliations
Long Term Goals and Objectives
The long-term goals of the Coca cola Company is maximizing their dividends while they maintain a long-term sustainable business growth and development. They also plan to become a leading company in the world within the beverage industry. The company aims to refresh the world and becoming a leading provider of beverage drinks. It also aims to inspiring moments of optimisms and happiness as well as creating value and making a comparison in the place that all the human beings live in.
The organization plans to conduct their business operations within a unique and a specified fashion as well as being quite distinguished from its competitors. The organizational culture entails all the values and traditions that the company strives to uphold throughout its production life. The mission of the company includes; refresh the world in body, mind and spirit, inspire moments of optimism and happiness, create value and make a difference everywhere the company engages, through actions and brands, (Bowers, et.al., 2017). The vision is to become fully sustainable and achieve long-term growth. Values upheld by the company include; accountability, commitment, integrity, unity of purpose, innovation and quality.
This is the department tasked with recruiting, hiring and staffing of employees. Human resource managers at Coca cola focus much on hiring highly competent workers. This helps the company to maintain its position as the leading producer of beverages in the international market. Human resource ensures that all employee affairs are addressed effectively to enable them to concentrate and be more productive. Also, appropriate compensation plans are formulated to ensure that all employees feel appreciated and valued for their service, (Noe, et.al, 2017). The company also has training programs for all its workers across the world. This is to equip all staff members with the necessary skills that are specifically needed to achieve the company goals. Human resource management at the company is very much effective and this can be proven from their ever-expanding business and employee volumes.
Competitive advantage means having supremacy over the competitors in the market. By being the most valued and most preferred by the consumers, a company is said to have more competitive advantage. Products of the coca cola company have been ranked the most demanded beverages all over the world. The company has gone ahead to franchise and establish production lines across continents in the world. Great sales and marketing strategies have ensured that the company reaches all parts of the world. This extensive market coverage and consistency in quality production has facilitated the company’s great market power.
Business Management Strategy
Profits maximization is always one of the main objectives of any company. Shareholders wea.
Running head-STRATEGIC PLAN PART 3 BALANCED SCORECARD AND COMMU.docxtoltonkendal
Running head-STRATEGIC PLAN PART 3: BALANCED SCORECARD AND COMMUNICATION PLAN
1
STRATEGIC PLAN PART 3
2
BALANCED SCORECARD AND COMMUNICATION PLAN
Sharitza Bailey
BUS/475
October 17th, 2016
Prof. Linda Mc Kee
BALANCED SCORECARD AND COMMUNICATION PLAN
This is the balanced scorecard and communication plan for Amazon.com Inc. and its new web technology division. The balanced scorecard will analyze the strategic objectives in the context of key trends, assumptions, and risks. It will also show what the company is trying to achieve. For the communication plan, its primary purpose was to enable interaction both internally (staff) and externally (customers). The communication strategy allows each to know what the other is thinking hence helping in improving efficiency and coordination. Communication with stakeholders ensures they have access to information about the company and the company has their feedback to enhance service delivery. The main channels will include meetings, emails, phone calls and discussions between both staff members and customers.
Some of the key trends include; increase in the use of online shopping as more people have access to the internet and devices such as computers and smartphones. Also, most customers want to interact with the companies they are doing business with to enhance their experience and satisfaction and also customer focus such that the clients get what they want quickly. The assumptions made include; the company has a large enough market share that will sustain this new division, it will generate the required revenue to ensure profitability, it will enhance customer value and satisfaction, it will improve the companies efficiency and effectiveness and it will improve learning and growth among employees and increase innovation. Risks involved include the market share not being big enough to sustain the new division and make the company profitable, the customer not responding well to the new product, not meeting performance standards and a decrease in productivity.
They must also consider the ethical implications that their product may have on members of the society. They should have high ethical standards to protect its reputation ensuring that the operational moves they do work towards improving the lives of people and maintain environmental sustainability. Unethical practices may have an adverse effect in the opinion of customers as well as negative effect on market share.
Strategic Objectives
The first will be the financial target whereby the goal would be to increase revenue. We would do this by increasing market share by ensuring that it grows by 10% annually for the next three years which will also enhance its competitive advantage especially after the introduction of the new web technology. The division is based on customer focus, co ...
Assignment 2 Marketing PlanDue Week 5 and worth 100 pointsT.docxbraycarissa250
Assignment 2: Marketing Plan
Due Week 5 and worth 100 points
This assignment consists of two sections: a marketing plan (Word document) and Marketing Budget (Excel document) Note: You must submit both sections as separate files for the completion of this assignment.
For the first 6 months your company is in business—to give you time to perfect your product and to learn from actual customers—you will start marketing and selling in your own community, a radius of 25 miles from where you live.
For most non-alcoholic beverages, marketing (as opposed to the actual product itself) is key to success. Cola drinks, for example, are fairly undifferentiated, as are many energy drinks, juices, bottled water, and the like. Companies producing these types of beverages differentiate themselves and attract market share through marketing and brand awareness—both of which are critical to success.
Section 1: Marketing Plan and Sales Strategy (MS Word or equivalent)
Write the 3–5-page marketing plan and sales strategy section of your business plan in which you do the following:
1. Define your company’s target market.
a. Analyze the types of consumers who will be drinking your beverage in demographic terms (i.e., age, education level, income, gender, ethnic group, etc.). Outline the demographic information for your company specified on the worksheet in the course text (p. 107 | Demographic Description).
b. Support your analysis with actual data on the size of the demographic groups in your local community (nearby zip codes).
2. Hints: At American FactFinder (http://factfinder.census.gov), you will find demographic information on potential consumers in your area. If you are selling through other businesses (such as grocery stores), indicate the number of those businesses in your local area. You will find information about such businesses in your local area at County Business Patterns (http://www.census.gov/econ/cbp/). Check Chapter 2 of Successful Business Plan for more research sources.
· Assess your company’s market competition.
. Use the factors listed in the course text graphic (p. 123 | Assess the Competition) to assess your company’s market competition.
. Defend your plan to differentiate yourself from the competition using the information detailed on the worksheet in the text (p. 131 | Market Share Distribution).
· Hints: Every business faces competition, and the non-alcoholic beverage market is an especially crowded market.
· Hints: For example, in the soft drink market, it is intimidating to try to compete against Coke and Pepsi. Newcomers in mature markets typically must pursue niche markets or even create new market categories, as Red Bull did with energy drinks.
3. Clarify your company’s message using the information provided on the worksheet in the text (p. 160 | The Five F’s). Create a marketing slogan/tagline for your product.
·
1. Hints: Before you choose your marketing vehicles, you must determine the message you want to convey through those v ...
in addition to these questions also answer the following;Answer .docxcharisellington63520
in addition to these questions also answer the following;
Answer the Stop and Consider question on page 319.
Differentiate neurologic and hormonal response to stress
Answer all questions in a Word Document and include the following:
Your name
Label each answer
Include references
Include In-text citations
Use APA Format
.
In an environment of compliancy laws, regulations, and standards, in.docxcharisellington63520
In an environment of compliancy laws, regulations, and standards, information technology (IT) departments in organizations must develop comprehensive organizational policies to support compliance. One specific area in which they must develop policies is the governance of fiduciary responsibility. Scenario: As changes occur in compliancy laws, regulations, and standards regularly, IT management of YieldMore has decided to evaluate the governance of fiduciary responsibility within the organization as it pertains to the IT department. Your team has been assigned the task of evaluating how the governance of fiduciary responsibility affects the organization’s risk. Tasks: You are asked to identify the relationship between fiduciary responsibility and organizational risk, and present this information to the IT management of YieldMore.
1. Identify key stakeholders, their roles and responsibilities, and the impact of fiduciary responsibility on each.
2. Determine the relationships among these stakeholders, the relationship between fiduciary responsibility, and organizational risk for each.
3. Distinguish the identified relationships as they relate to strategic, operational, and compliancy goals for the organization.
4. Develop an appropriate plan to govern fiduciary responsibility for the organization.
5. Prepare a report of your findings for IT management to review.
.
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Running head Mission, vision, and values. .docxtodd581
Running head: Mission, vision, and values. 1
Mission, vision, and values. 3
Name
Institution affiliation
Date
Mission, vision, and values
.
Introduction
The company that I have decided to study is Coca Cola Company. It started back in 1886 by a pharmacist known as Dr.John Pemberton in Atlanta. Currently is the leading company in the manufacture of beverages around the globe. Just like other companies, coca cola is working towards maintain a sustainable growth for the business in the beverage industries.
Body
Some of the company’s visions include; providing a great place to work for people, to offer a portfolio of drinks and brand, building a network with partners and helping to build and to support a sustainable communities. The company is in line with its vison. This is because they have managed to grow over the years in different cultures and environment. They have also made a partnership with other organization is supporting the communities in different countries which helps in supporting a sustainable community. The employees of this multinational business organization are given the best working condition while at the same time being motivated by great payments. (Papulova, 2014).
The missions of this company are; to refresh the world, to inspire the moments of happiness and creating value in people and the world as a whole. They have managed to achieve their mission by creating value to humanity. For instance, they support games such as football clubs, which eventually creates value in people. In addition to football, they also support music talent via programs such as coke studio, which offers a platform for the musicians to showcase their talents and styles. They have also managed to refresh the world by producing a variety of beverages, which offers their consumers a wide variety of choices. Apart from just producing beverages, they also have water production units, which refreshes the body. They also inspire moments of happiness by organizing events in communities and supporting talents.
The coca cola values include; leadership, collaboration, integrity, accountability, passion, diversity and quality. Since the company has managed to offer a variety of quality products at affordable prices, they have been able to meet their values.
The mission of any organization is usually meant to be used as a guide to the employees so that they can be able to live up to the rules and the regulations of the organization. It is important for the employees to master the company’s mission and the vision so that they can be able to work hard and achieve them. They also offer a road map towards the realization of profits for a given organization. Therefore, it is important for the employees to understan.
Running head Mission, vision, and values. .docxglendar3
Running head: Mission, vision, and values. 1
Mission, vision, and values. 3
Name
Institution affiliation
Date
Mission, vision, and values
.
Introduction
The company that I have decided to study is Coca Cola Company. It started back in 1886 by a pharmacist known as Dr.John Pemberton in Atlanta. Currently is the leading company in the manufacture of beverages around the globe. Just like other companies, coca cola is working towards maintain a sustainable growth for the business in the beverage industries.
Body
Some of the company’s visions include; providing a great place to work for people, to offer a portfolio of drinks and brand, building a network with partners and helping to build and to support a sustainable communities. The company is in line with its vison. This is because they have managed to grow over the years in different cultures and environment. They have also made a partnership with other organization is supporting the communities in different countries which helps in supporting a sustainable community. The employees of this multinational business organization are given the best working condition while at the same time being motivated by great payments. (Papulova, 2014).
The missions of this company are; to refresh the world, to inspire the moments of happiness and creating value in people and the world as a whole. They have managed to achieve their mission by creating value to humanity. For instance, they support games such as football clubs, which eventually creates value in people. In addition to football, they also support music talent via programs such as coke studio, which offers a platform for the musicians to showcase their talents and styles. They have also managed to refresh the world by producing a variety of beverages, which offers their consumers a wide variety of choices. Apart from just producing beverages, they also have water production units, which refreshes the body. They also inspire moments of happiness by organizing events in communities and supporting talents.
The coca cola values include; leadership, collaboration, integrity, accountability, passion, diversity and quality. Since the company has managed to offer a variety of quality products at affordable prices, they have been able to meet their values.
The mission of any organization is usually meant to be used as a guide to the employees so that they can be able to live up to the rules and the regulations of the organization. It is important for the employees to master the company’s mission and the vision so that they can be able to work hard and achieve them. They also offer a road map towards the realization of profits for a given organization. Therefore, it is important for the employees to understan.
6Running Head MT400Candace PooleBusiness Proces.docxalinainglis
6
Running Head: MT400
Candace Poole
Business Process Management
MT400
November 14, 2016
When we want to do progress we need expert advice and without expert advice it's too tough carry things according to objectives of company. To move in excellence zone companies use stakeholder engagement in order to improve their corporate policies. Stakeholders are of two types internal as well as external.
I selected Amazon and stake holders of Amazon includes
· Customers: They are related to the company in relation to sales and their objective is to get quality products like books digital contents and all other products company sells that customers use on daily basis.
· Suppliers: They supply different things to company and want development in company so that they can sell more to the company and reap good profits.
· Society: Amazon help many social communities like orphan houses, hunger trust and many other NGO's for welfare cause, their main objective is progress of company so that they can get more help from company.
· Governments: Government is a main stakeholder because government offer certain subsidies and collect taxes from company.
· Shareholders and the financial community: Shareholder want the development of company as they share profit of company and all those financial institutes who lends to the company also share profit and dividends.
Process is intended to provide its customer knowledgeable digital contents and cloud computing facilities to the general public in order to raise educated community. Success is to accomplish the goal of providing quality contents and solution to cloud computing. Goal is to effective contents and to make agreements with supplier in order to accomplish the order of client.
Metric 1: Customer Satisfaction Score:
1. Definition:
To make customer happy and service quality better in order to reach on apex of success.
2. Significance in assessment
Customer satisfaction is the key player to accomplish all goals and objectives of company.
3. Example: To check via surveys whether customers are satisfied and happy with services of company.
Metric 2: Perfect order percentage (POP)
1. Definition: An effective measure to check the percentage of orders that are perfectly taken processed, and accomplished according to the exact need of customer.
2. Significance: It's very important measure to check whether POP will accomplish the goal of quality milk of company.
3. Example: To check the list of order processing and customer feedback
Metric 3: Gross Margin
1. Definition: What percent of Profit Company is reaping from each sale?
2. Significance: Its main indicator or metric of success in any process. It ensures whether company is on right track to accomplish its goals.
3. Example: Amazon reaping 31.91% gross margin on sale of ecommerce related products and cloud computing services.
Identify two quick wins for your process. For each, describe a quick win is a visible improvement in the.
Strategic Choice and Evaluation 1
Strategic Choice and Evaluation 6
Strategic Choice and Evaluation: Verizon
Qassam AlshaikhSTR/581
February 26, 2015
Christina BehlingStrategic Choice and Evaluation
The directors of Verizon management are looking to create and develop new strategies for Verizon and needs some ideas to improve the company. The Board of Directors and the strategic planners has asked to maintain several strategies that will help take the company to a new road. Following these strategies recommendations of the best strategy will be selected based on the research and information about Verizon. And to increase company growth and build revenue it is important to determine efficient strategic choices, analysis, and evaluation that help the company create development. Making a good strategic choice can help a company evaluate alternatives in order to realize growth.
New Strategy Options
The directors of the company know that it is necessary to become more profitable and to develop a new strategy to keep the company strong, increase the firm resources, and increase profits. The board management of the company has been selected three options that help them to create success and to be in the right direction.
First the Generic strategy will allow the management to have a competitive advantage over its competitors and also will help the company to increase the generic. Differentiation strategy is an option for Verizon to develop the company’s services so that it can offer and provide value, quality, and new services to its customers. Differentiation considers a key and a unique achievement in the market because it will keep the company gain advantages over others communication firms, create the right information, and to be strong to achieve the competition. This strategy can help Verizon to reach customers and provide them support and assistance.
The second option is the Value Discipline Strategy. This value discipline strategy will help the Verizon to providing customer value. Value discipline will reduce the cost, increase productivity and assist in increasing bargaining power with suppliers. This strategy will provide efficient communication services, focus on customers, create consumer revenue growth, and create customer’s satisfaction. This strategy also can increase the services efficiently by pursuing sale of its directory business. One of the value disciplines that will work for this company is operational excellence. Operational excellence can help the company to corporate better by focusing efficient operations. This strategy will help Verizon Company to establish a system to collect input from customer’s points, to create customer’s insights, decisions, and decrease cost where needed. This option can also help the company to make social media, market analytic, and network operation. Operational excellence can create differ.
Running head BUSINESS PLAN1BUSINESS PLAN2Operation .docxjoellemurphey
Running head: BUSINESS PLAN
1
BUSINESS PLAN
2
Operation Management
Vernette Nathan
Strayer University
Dr. Sandra R. Bryant
Bus 599
30 November 2015
Name and significance
Luxury Beverage Company is one of the many exclusive licensed distributors of energy drinks. The Upscale Beverage is one of its products, which has gained utmost significance and popularity among other non-alcoholic drinks (Bohm, 2010). The company’s head office is situated in Durban, South Africa. This is a privately held company founded in 2010 with a capacity of 100 employees in each of its branches. I have chosen an upscale beverage, putting into consideration three major reasons. These reasons make the company highly significant amongst the entire population it serves and more so, to stay ahead of its competitors first, being a new product; most consumers are eager to try it. Secondly, the organization is well known for its good public image and above all, its expertise in producing energy drinks over the years (Hartline, 2002). Finally, for the case of Upscale Beverage, the name itself suggests a completely elevated product, which attracts a majority of consumers. The major aim is to offer quality products for its customers and more so, ensure that market gaps are well filled for the sake of customer satisfaction.
Mission statement and future growth rate
Luxury Beverage Company has a profound mission statement, which stands by three major descriptions;
a) To refresh the entire world with the mind, body and spirit.
b) To be an inspiration especially in moments of optimism and more so, create happiness through the company’s brands and actions.
c) To create exquisite value and make a difference in the beverage industry.
Basing consideration on competitors in the beverage industry at large, Luxury Beverage Company has to come up with strategies that will in turn provide the organization a better position in the industry. There have been numerous market entrants into the beverage industry over the past two years. Competitive advantage is desired by al organizations. Therefore, the Upscale Beverage has to be considered one of the best in the industry, for Luxury Beverage Company to have a competitive advantage. With such a trend, it is evident that the organization may be successful only it sufficient strategies are formulated and more so, in the event that formulated policies are sufficiency implemented.
Strategic position
Strategic positioning entails the development of intended objectives and specific and applicable approaches to situations that are most likely to occur within the organization operations and other activities. The Luxury Beverage Company is specific in its goal alignment and formulation of policies within the consumer goods market. Considerable steps have been taken to ensure that communication to personnel is prioritized and more so, that the firm and personnel in general are operating towards the firm's stated goals and objectives. To distinguis ...
Running head STRATEGIC MANAGEMENT2STRATEGIC MANAGEMENT2.docxtodd521
Running head: STRATEGIC MANAGEMENT 2
STRATEGIC MANAGEMENT 2
STRATEGIC MANAGEMENT
Institution Management
Student Name
Date
REPORT: THE COCA-COLA COMPANY
The Coca-Cola company has been a dominant player in the beverage industry for over a century. Market dominance can be attributed to the company’s strategic management plans. Strategic management involves the continuous planning and formulation of policies that are relevant to an organization’s vision, (Wheelen, et.al., 2017). The plans are key to achieving goals and objectives of the company. A company’s operations are subject to internal and external factors. Internal factors are mainly the human resource and managerial activities undertaken. The company can control its internal environment to suit its production activities. On the other hand, external environment entails all the activities that happen outside the company but can influence its production processes. External factors are uncontrollable.
INTERNAL ENVIRONMENT
Organizational culture: It entails all the values and traditions that the company strives to uphold throughout its production life. The mission of the company includes; refresh the world in body, mind and spirit, inspire moments of optimism and happiness, create value and make a difference everywhere the company engages, through actions and brands, (Bowers, et.al., 2017). The vision is to become fully sustainable and achieve long-term growth. Values upheld by the company include; accountability, commitment, integrity, unity of purpose, innovation and quality.
Human resource: This is the department tasked with recruiting, hiring and staffing of employees. Human resource managers at Coca cola focus much on hiring highly competent workers. This helps the company to maintain its position as the leading producer of beverages in the international market. Human resource ensures that all employee affairs are addressed effectively to enable them to concentrate and be more productive. Also, appropriate compensation plans are formulated to ensure that all employees feel appreciated and valued for their service, (Noe, et.al., 2017). The company also has training programs for all its workers across the world. This is to equip all staff members with the necessary skills that are specifically needed to achieve the company goals. Human resource management at the company is very much effective and this can be proven from their ever-expanding business and employee volumes.
Company physical assets: For any company to operate effectively, there has to be enormous investments on physical assets. The coca cola company has invested heavily on land, buildings, equipment and machinery. All these are to enable effective production process. Equipment and machinery are regularly serviced and faulty ones replaced with new ones. Also, the company disposes off its physical assets after a useful life of 40 years. New assets are purchased to enable smooth operations after dispos.
In response to the problems stated above and the improvement of organizational culture of the company, I, as a Business Advisor of DND have proposed some of the solutions and steps which should be implemented and also certain things which have to be kept in mind while improving the organizational culture in my main solution part. Some of my proposals include that the company should have personnel communication with its employees, like informal communication should be there between the employees and employers.
Source: https://www.managementolympiad.org/nmo-2020-bcs/NMO-1944-saurav-gohain.html
Digital transformation: A seminar for senior managementMichael Cairns
This presentation represents a full day workshop for senior executives designed to help define and execute digital transformation programs within their businesses.
Email if you want a downloaded copy. michael.cairns @ outlook.com
IMPLEMENTATION, STRATEGIC CONTROLS, & CONTINGENCY 2
IMPLEMENTATION, STRATEGIC CONTROLS, & CONTINGENCY 3
Implementation, Strategic Controls, and Contingency
STR/581
Running head: IMPLEMENTATION, STRATEGIC CONTROLS, & CONTINGENCY 1
Weight Loss Singles Dating Agency is an online dating service tailored to provide companionship services to individuals over the age of 18 who have undergone any form of weight loss surgery. For effective strategic formulation of implementing this new business, there is need for the implementation of an effective strategic plan to ensure the company maintains competitive advantage in the industry. The company’s strategic plan will comprise of various elements including:
· An implementation plan
· Objectives
· Functional tactics
· Action items
· Milestones and deadlines
· Tasks and task ownership
· Resource allocation
· Organizational change management strategies
· Key success factors
· Financial data including: budget, forecasted financials
· Risk management plan
Each of these elements of the strategic plan is discussed in enclosed detail.
Implementation Plan
The strategic plan intends to provide a road map for the company to benefit through both monetary and non-monetary strategies. The plan is also tailored around the corporate social responsibility business operations that in turn envision various benefits including increased sales and market share as well as establishment of brand positioning.
The strategic plan for Weight Loss Singles Dating Company also includes the SWOT analysis that will in turn play a critical role in the realization of implementation of the action plans and programs. There are also the specific activities that will be assumed to ensure advantageous positioning in this niche market.
The following chart exhibits analysis of implementation activities and when these action items will occur in the process:
Activities
Months
1st Mo
2ndMo
3rdmo
4thMo
Expected outcome/Comments
1
Personalized training: Development of a concept paper, TORs (online anonymity software), Report
X
X
Increased stakeholders and partnerships
2
Develop content for website, social media, advertising outlets
X
X
X
Capacity Building on Information Communications Technology (ICT) and its relevance
3
Form two online communities of practice on information mgmt on our blog
X
X
X
X
Increased number of stakeholders recruited and participating in the discussions
4
Development of marketing plans for each of our services
· Data collection, Data Research Data Analysis
· Peer review of report
Launch of the marketing plan with staff & management
X
X
Comprehensive marketing plans and concept paper
Peer review marketing plans
5
Created documentary on client success story – includes photography
X
X
Documentary to be shared with public when completed
6
Identify networks / stakeholders
X
X
X
Increased clientele base
7
Contributions and maintenance of the company Website, networks: blog, face-book, twitter.
1Running Head COCA COLA COMPANY2COCA COLA COMPANY.docxdrennanmicah
1
Running Head: COCA COLA COMPANY
2
COCA COLA COMPANY
Coca Cola Company
Name
Institutional Affiliations
Long Term Goals and Objectives
The long-term goals of the Coca cola Company is maximizing their dividends while they maintain a long-term sustainable business growth and development. They also plan to become a leading company in the world within the beverage industry. The company aims to refresh the world and becoming a leading provider of beverage drinks. It also aims to inspiring moments of optimisms and happiness as well as creating value and making a comparison in the place that all the human beings live in.
The organization plans to conduct their business operations within a unique and a specified fashion as well as being quite distinguished from its competitors. The organizational culture entails all the values and traditions that the company strives to uphold throughout its production life. The mission of the company includes; refresh the world in body, mind and spirit, inspire moments of optimism and happiness, create value and make a difference everywhere the company engages, through actions and brands, (Bowers, et.al., 2017). The vision is to become fully sustainable and achieve long-term growth. Values upheld by the company include; accountability, commitment, integrity, unity of purpose, innovation and quality.
This is the department tasked with recruiting, hiring and staffing of employees. Human resource managers at Coca cola focus much on hiring highly competent workers. This helps the company to maintain its position as the leading producer of beverages in the international market. Human resource ensures that all employee affairs are addressed effectively to enable them to concentrate and be more productive. Also, appropriate compensation plans are formulated to ensure that all employees feel appreciated and valued for their service, (Noe, et.al, 2017). The company also has training programs for all its workers across the world. This is to equip all staff members with the necessary skills that are specifically needed to achieve the company goals. Human resource management at the company is very much effective and this can be proven from their ever-expanding business and employee volumes.
Competitive advantage means having supremacy over the competitors in the market. By being the most valued and most preferred by the consumers, a company is said to have more competitive advantage. Products of the coca cola company have been ranked the most demanded beverages all over the world. The company has gone ahead to franchise and establish production lines across continents in the world. Great sales and marketing strategies have ensured that the company reaches all parts of the world. This extensive market coverage and consistency in quality production has facilitated the company’s great market power.
Business Management Strategy
Profits maximization is always one of the main objectives of any company. Shareholders wea.
Running head-STRATEGIC PLAN PART 3 BALANCED SCORECARD AND COMMU.docxtoltonkendal
Running head-STRATEGIC PLAN PART 3: BALANCED SCORECARD AND COMMUNICATION PLAN
1
STRATEGIC PLAN PART 3
2
BALANCED SCORECARD AND COMMUNICATION PLAN
Sharitza Bailey
BUS/475
October 17th, 2016
Prof. Linda Mc Kee
BALANCED SCORECARD AND COMMUNICATION PLAN
This is the balanced scorecard and communication plan for Amazon.com Inc. and its new web technology division. The balanced scorecard will analyze the strategic objectives in the context of key trends, assumptions, and risks. It will also show what the company is trying to achieve. For the communication plan, its primary purpose was to enable interaction both internally (staff) and externally (customers). The communication strategy allows each to know what the other is thinking hence helping in improving efficiency and coordination. Communication with stakeholders ensures they have access to information about the company and the company has their feedback to enhance service delivery. The main channels will include meetings, emails, phone calls and discussions between both staff members and customers.
Some of the key trends include; increase in the use of online shopping as more people have access to the internet and devices such as computers and smartphones. Also, most customers want to interact with the companies they are doing business with to enhance their experience and satisfaction and also customer focus such that the clients get what they want quickly. The assumptions made include; the company has a large enough market share that will sustain this new division, it will generate the required revenue to ensure profitability, it will enhance customer value and satisfaction, it will improve the companies efficiency and effectiveness and it will improve learning and growth among employees and increase innovation. Risks involved include the market share not being big enough to sustain the new division and make the company profitable, the customer not responding well to the new product, not meeting performance standards and a decrease in productivity.
They must also consider the ethical implications that their product may have on members of the society. They should have high ethical standards to protect its reputation ensuring that the operational moves they do work towards improving the lives of people and maintain environmental sustainability. Unethical practices may have an adverse effect in the opinion of customers as well as negative effect on market share.
Strategic Objectives
The first will be the financial target whereby the goal would be to increase revenue. We would do this by increasing market share by ensuring that it grows by 10% annually for the next three years which will also enhance its competitive advantage especially after the introduction of the new web technology. The division is based on customer focus, co ...
Assignment 2 Marketing PlanDue Week 5 and worth 100 pointsT.docxbraycarissa250
Assignment 2: Marketing Plan
Due Week 5 and worth 100 points
This assignment consists of two sections: a marketing plan (Word document) and Marketing Budget (Excel document) Note: You must submit both sections as separate files for the completion of this assignment.
For the first 6 months your company is in business—to give you time to perfect your product and to learn from actual customers—you will start marketing and selling in your own community, a radius of 25 miles from where you live.
For most non-alcoholic beverages, marketing (as opposed to the actual product itself) is key to success. Cola drinks, for example, are fairly undifferentiated, as are many energy drinks, juices, bottled water, and the like. Companies producing these types of beverages differentiate themselves and attract market share through marketing and brand awareness—both of which are critical to success.
Section 1: Marketing Plan and Sales Strategy (MS Word or equivalent)
Write the 3–5-page marketing plan and sales strategy section of your business plan in which you do the following:
1. Define your company’s target market.
a. Analyze the types of consumers who will be drinking your beverage in demographic terms (i.e., age, education level, income, gender, ethnic group, etc.). Outline the demographic information for your company specified on the worksheet in the course text (p. 107 | Demographic Description).
b. Support your analysis with actual data on the size of the demographic groups in your local community (nearby zip codes).
2. Hints: At American FactFinder (http://factfinder.census.gov), you will find demographic information on potential consumers in your area. If you are selling through other businesses (such as grocery stores), indicate the number of those businesses in your local area. You will find information about such businesses in your local area at County Business Patterns (http://www.census.gov/econ/cbp/). Check Chapter 2 of Successful Business Plan for more research sources.
· Assess your company’s market competition.
. Use the factors listed in the course text graphic (p. 123 | Assess the Competition) to assess your company’s market competition.
. Defend your plan to differentiate yourself from the competition using the information detailed on the worksheet in the text (p. 131 | Market Share Distribution).
· Hints: Every business faces competition, and the non-alcoholic beverage market is an especially crowded market.
· Hints: For example, in the soft drink market, it is intimidating to try to compete against Coke and Pepsi. Newcomers in mature markets typically must pursue niche markets or even create new market categories, as Red Bull did with energy drinks.
3. Clarify your company’s message using the information provided on the worksheet in the text (p. 160 | The Five F’s). Create a marketing slogan/tagline for your product.
·
1. Hints: Before you choose your marketing vehicles, you must determine the message you want to convey through those v ...
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in addition to these questions also answer the following;Answer .docxcharisellington63520
in addition to these questions also answer the following;
Answer the Stop and Consider question on page 319.
Differentiate neurologic and hormonal response to stress
Answer all questions in a Word Document and include the following:
Your name
Label each answer
Include references
Include In-text citations
Use APA Format
.
In an environment of compliancy laws, regulations, and standards, in.docxcharisellington63520
In an environment of compliancy laws, regulations, and standards, information technology (IT) departments in organizations must develop comprehensive organizational policies to support compliance. One specific area in which they must develop policies is the governance of fiduciary responsibility. Scenario: As changes occur in compliancy laws, regulations, and standards regularly, IT management of YieldMore has decided to evaluate the governance of fiduciary responsibility within the organization as it pertains to the IT department. Your team has been assigned the task of evaluating how the governance of fiduciary responsibility affects the organization’s risk. Tasks: You are asked to identify the relationship between fiduciary responsibility and organizational risk, and present this information to the IT management of YieldMore.
1. Identify key stakeholders, their roles and responsibilities, and the impact of fiduciary responsibility on each.
2. Determine the relationships among these stakeholders, the relationship between fiduciary responsibility, and organizational risk for each.
3. Distinguish the identified relationships as they relate to strategic, operational, and compliancy goals for the organization.
4. Develop an appropriate plan to govern fiduciary responsibility for the organization.
5. Prepare a report of your findings for IT management to review.
.
In American politics, people often compare their enemies to Hitler o.docxcharisellington63520
In American politics, people often compare their enemies to Hitler or to the Nazis. Many Democrats compared Trump to a "fascist," and Democrat Alexandria Ocasio-Cortez famously compared child detention facilities to "concentration camps." (Republicans claimed this was an unfair comparison and disrespectful to the real victims of the Holocaust.) On the other hand, Republicans often claim that their Democratic enemies are like Hitler, and often whine that "the Left" is persecuting them similar to how the Nazis persecuted the Jews ("cancel culture" is like the Holocaust, wearing a mask is like wearing a yellow star, etc.). Obviously these are exaggerated, bad comparisons, and are more about scoring political points than teaching history accurately.
But is it
always
wrong and disrespectful to draw comparisons or lessons from the Holocaust? Isn't it possible--while being respectful and acknowledging all the differences that make the Holocaust uniquely horrible--to try to draw lessons from it and prevent anything like it in the future? What comparisons or lessons for the present, if any, can we learn from the Holocaust?
Using specific evidence/examples/comparisons from the primary source you analyzed, please make a specific argument about a lesson or comparison
you might draw from the Holocaust. I'm not interested in your general/vague opinions about politics or Holocaust comparisons. I want you to carefully and respectfully (not politically) draw a lesson from something you learned in your document/film.
.
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In addition to the thread, the student is required to reply to 2 other classmates’ threads. Each reply must be 300 words
American opinion has indeed shaped politic consequences, political interests, and policymaking. Even with little or no interest in policymaking and politics, the assumption of democracy gives the citizens the power to freely air out their issues and give their opinion in matters of political concern. Taking the war in Iraq, it posed a significant economic and political imbalance. However, support from the politicians was negligible. And because a majority of the Americans opposed the war in Iran, they voted for a Democratic congressional candidate. Their opinion played a great deal in making concrete policies in response to the war in Iraq.
Public opinion is a reflection of the citizens’ view on how the government responds to national politics. Political actions are driven by the citizen’s opinion (Erikson, & Tedin, 2015). It sheds light on the outcomes of specific policies and helps the political candidates identify the characters demanded of them by the citizens. Political scholars argued that the perception of old public opinions was changed because of ambiguity and inaccuracy (Dür, 2019). Modern theories came to identify public opinion as either latent or a broad expression. Latent opinions are formed on the spot, while broad expressions are opinions that had earlier been formed and remained stable (Cantril, 2015).
When convincing policymakers, it proves difficult, interest groups may indirectly influence public opinion. They can achieve this through the media, holding rallies, or handing out leaflets to the public (Dür, 2019). Because the citizens have little or no information on policymaking, they can easily be swayed by interest groups. Interest groups can, therefore, successfully source their support from public opinion or not.
Public opinion remains relevant in American politics. Journalists, politicians, and political scientists should focus on getting the public’s opinion on state affairs. In as much as views might differ or change, establishing a common ground will help in policymaking (Dür, 2019). For the war in Iraq, the Democratic gained power over the senate and House. This was greatly influenced by the failure of public support that shifted the pro-Democratic in 2006 and the 2008 elections. Because opinions are not fixed, establishing a connection between public views and political outcomes might be impossible.
References
Berry, J. M., & Wilcox, C. (2015).
The interest group society
. Routledge.
Cantril, H. (2015).
Gauging public opinion
. Princeton University Press.
Dür, A. (2019). How interest groups influence public opinion: Arguments matter more than the sources.
European journal of political research
,
58
(2), 514-535.
Erikson, R. S., & Tedin, K. L. (2015).
American public opinion: Its origins, content, and impact
. Routledge.
.
In addition to reading the Announcements, prepare for this d.docxcharisellington63520
In addition to reading the
Announcements
, prepare for this discussion by reading the
Required Resources
, the
Week Four Instructor Guidance
, and the scenario provided below. In particular, you should review the
Initial Referral to the Multidisciplinary Team form
found on p. 112-113 of your text, the
Child Study Team Referral Form
from week three, and
Part I
of the
Comprehensive Report
found in the
Instructor Guidance
for this week.
Scenario:
In addition to your role on the Child Study Team, you are also a member of the Multidisciplinary Evaluation Team (MDT). This team is preparing to meet because while the Tier Two Interventions have been helpful, Manuel is still struggling with his reading fluency and his writing, and is continuing to fall further behind. The MDT has received the signed and dated formal permission for referral from Manuel's parents and the school psychologist has conducted an academic achievement evaluation as described in your text. One of your roles as the special education inclusion teacher in your school is to translate the results of all the assessments in a way that is understandable to parents, the child, and to the regular education teacher. Another aspect of your role is to write the Initial Referral to the MDT such as the one described on p. 112 of the text. Finally, in your role as the special education inclusion teacher you are tasked with reviewing the results of all the assessments in order to to help the Manuel, his parents and his other teachers to understand the various strategies that are recommended based on his assessment outcomes.
You have reviewed the RTI data collected to date, including the informal observations of Mr, Franklin and Manuel's other teachers and samples of his classroom work, and have compared those data to
Part I of the Comprehensive Report
prepared by the school psychologist. That report is located in the Instructor Guidance for this week. The data paint a compelling and congruent picture of Manuel's current academic functioning. You are now ready to write an Initial Referral for Manuel so that his eligibility for special education services can be determined.
Initial Post:
Review the
Initial Referral to the Multi-Disciplinary Team form
on p. 112 and 113 of your text. Compare the information needed for that form with the
Child Study Team Referral Form
that you filled out last week for Manuel. Explain the different functions of the two documents and state how they are alike and how they are different. Then, explain how you plan to share the data on the Initial Referral to the Multi-Disciplinary Team form in a way that Manuel, his parents, and Mr. Franklin can understand. Be sure to include an explanation for why you are the one sharing this information with them. Include pertinent professional or personal real world examples to illustrate your points.
Text:
Pierangelo, R., & Giuliani, G. A. (2012).
Assessment in special education: A practical a.
In Act 4 during the trial scene, Bassanio says the following lin.docxcharisellington63520
In Act 4 during the trial scene, Bassanio says the following lines:
“Antonio, I am married to a wife
Which [who] is as dear to me as life itself;
But life itself, my wife, and all the world
Are not with me esteemed above your life.
I would lose all, ay sacrifice them all
Here to this devil [Shylock] to deliver [save] you.”
And Portia, who hears these lines (though Bassanio doesn’t know it), says,
“Your wife would give you little thanks for that
If she were [near]by to hear you make the offer.”
(Act 4, scene 1, 281-288
Is Antonio really more important to Bassanio than Portia? Explain why or why not. What do these lines tell us about the value of male friendship vs. marriage in this play? Would Portia be justified in rejecting Bassanio, since later in this scene he gives away the ring she gave him which he swore never to give up? (see Act 3, scene 2, lines 167-185) Your response should be about 200-250 words and should include specific references to lines in the play.
.
In a Word document, please respond to the following questions.docxcharisellington63520
In a Word document, please respond to the following questions:
How is the information discussed in the articles similar or different compared to what you have heard/learned about international/global communication? Especially compared to the chapters from our textbook
Business Writing Today.
Based on the information provided in the articles, what are some rules/conventions do people tend to follow when communicating across cultures and languages?
Which out of the four articles provoked a strong response in you? Did you agree and/or disagree with the author? Why?
.
In a Word document, create A Set of Instructions. (you will want.docxcharisellington63520
In a Word document, create
A Set of Instructions
. (you will want to save it twice—once as a .doc and once as a .pdf) Upload the .pdf document to the Unit 3 Dropbox. It should be single-spaced (as all technical docs are) with double spacing between sections. Think visually. Think simple steps. See the rubric.
.
In a two page response MLA format paperMaria Werner talks about .docxcharisellington63520
In a two page response MLA format paper
Maria Werner talks about the changes Perrault in his (17th century) version made to the much earlier original oral version of the tale written down by Delarue Paul Ed" The story of Grandmother" and the motivation behind the Grimms brothers(19th century) version of the tale. Compare and contrast these three versions of LRRH from the readings, explaining how the variations changes the focus not plot of each tale.
Readings
1. Charles Perrault: Little red riding hood(france)
2.Brothers Grimm: Little red cap(Germany)
3. Paul Delarue Ed: The story of grandmother(france)
.
In a paragraph (150 words minimum), please respond to the follow.docxcharisellington63520
In a paragraph (150 words minimum), please respond to the following questions:
Prior to reading the text, how would you have defined terrorism?
What is your understanding of terrorism now?
How would you account for the huge amount of terrorism in the 20th and 21st centuries?
What do you see as the ethically proper response to acts of terror?
.
In a paragraph form, discuss the belowThe client comes to t.docxcharisellington63520
In a paragraph form, discuss the below:
The client comes to the physician's office complaining of shortness of breath. He states he has a history of fluid in his lungs and he takes a "water pill" and a "bronchodilator" every day. Both legs are swollen. He also used inhaler cortisone when needed to ease his frequent difficult breathing. His blood pressure is 168/98 and his pulse is 144 beats per minute. Upon listening to his heart with a stethoscope, a third heart sound is noted and abnormal breath sounds. After complete blood work and radiological investigation, the patient is diagnosed with CHF and COPD.
Discuss all of this information with the physician using correct medical terminology.
.
In a minimum of 300 words in APA format.Through the advent o.docxcharisellington63520
In a minimum of 300 words in APA format.
Through the advent of social media, a thing known as "slactivism" has arisen. This is literally activism through social media and, despite such a negative label, researchers are finding that this actually works! Activism through the medium of social media is having a significant impact. This is just ONE example of many of not only a "mass behavior" but can also fit into all 4 categories of social movements. The individuals involved in this mass behavior/social behavior could easily be examined within the lens of the "contagion theory" as well as the "emergent-norm theory."
Go check out whatever form of Social Media/ Media you are most on, (facebook, instagram, tumblr, twitter, reddit, youtube etc. ) Look for an example of "slactivism" from people/influencers that you follow that is promoting a specific type of social movement. Discuss their post here by answering the following questions (if you feel comfortable you can post your example here as well but it is not required.)
1. Describe the post (or post it here), where did you find it, what do the contents involve?
2. Based on the readings from this chapter, what type of social movement are they promoting?
2. What theory of crowd behavior can be applied to this movement? Please expand
3. What Social movement theory can be applied to this movement? Please expand
4. At what stage in the social movement cycle would you place this movement?
.
In a paragraph form, post your initial response after reading th.docxcharisellington63520
In a paragraph form, post your initial response after reading the passage below:
The client comes to the physician's office complaining of shortness of breath. He states he has a history of fluid in his lungs and he takes a "water pill" and a "bronchodilator" every day. Both legs are swollen. He also used inhaler cortisone when needed to ease his frequent difficult breathing. His blood pressure is 168/98 and his pulse is 144 beats per minute. Upon listening to his heart with a stethoscope, a third heart sound is noted and abnormal breath sounds. After complete blood work and radiological investigation, the patient is diagnosed with CHF and COPD.
Discuss all of this information with the physician using correct medical terminology.
.
In a minimum 250-word paragraph, discuss at least one point the auth.docxcharisellington63520
In a minimum 250-word paragraph, discuss at least one point the author makes that stands out to you. Why did you find it interesting or strange? How does it compare to, connect to, and/or expand on your own experience and what you know about language and the world? Be specific. Explain. Use examples!
.
In a hostage crisis, is it ethical for a government to agree to gran.docxcharisellington63520
In a hostage crisis, is it ethical for a government to agree to grant a terrorist immunity if he releases the hostages, even though the government has every intention of capturing and prosecuting the terrorist once his hostages are released?
write an initial post (200-250 words) and one secondary post (minimum 100 words) (reply to the classmate's post, file attached)
For your initial post, you must have two academic peer-reviewed articles for references.
Discussion must include in-text citations and references in APA style formatting
Due 24 March 2021 by 1:00 PM ET
.
In a double-spaced 12 Font paper How did you immediately feel a.docxcharisellington63520
In a double-spaced 12 Font paper
How did you immediately feel after finishing the novel in relation to data security as a whole? Has your thought process changed regarding how you will share data? Do you value metadata more or less after reading this novel?
Do you feel that there should be more of an emphasis on personal privacy or public security? (Hint: you can use domestic threats to support your stance-whichever it may be.)
Considering the grand scheme of things, do you feel that what Edward Snowden did was wrong? Do you think he helped more people or put more people in danger?
Should the United States government continue to attempt to persecute Edward Snowden? If so, why? If not, why?
Do you think there could have been a better way for Edward Snowden to achieve the goal that he felt was necessary without inciting anger and fear from the United States government by being a whistleblower?
.
In a follow-up to your IoT discussion with management, you have .docxcharisellington63520
In a follow-up to your IoT discussion with management, you have been asked to document and describe Use Case examples of IoT Services and Applications, so they can see a clear application of the technology. After all, the goal of IoT is to ensure all company resources and technological objects can communicate, and documentation is always part of the process. In a report to your manager, describe the following topics:
An introduction to IoT technology and typical corporate devices being used within IoT
Examples of IoT services and applications describing the service, application, interface, and benefit to the organization. Please pick 3 of the following IoT Use Cases when informing management of this required information and the implementation of technology:
Predictive Maintenance (e.g., use of cameras, sensors and data analytics)
Smart Metering (e.g., internet device capable of measuring how a company consumes energy, gas or water)
Asset tracking (e.g., efficient location and monitoring of key assets)
Connected vehicles (e.g., automation of driving tasks)
Fleet Management (e.g., transportation efficiency and productivity)
Provide reference page with at least 3-5 references in APA format
4 to 5 pages
.
In a COVID-19 situation identify the guidelines for ethical use of t.docxcharisellington63520
In a COVID-19 situation identify the guidelines for ethical use of the computers and networks in any organisation.
Please discuss the NETIQUETTE technique and explain how it can help professionals to embrace ethical use of networks in the current pandemic situation. You need to use some cases in the discussion to add value to your discussion.
.
In a 750- to 1,250-word paper, evaluate the implications of Internet.docxcharisellington63520
In a 750- to 1,250-word paper, evaluate the implications of Internet use (including, but not limited to, basic web presence, online shopping, vendor unique portals, vendor specific portals, "IOT," social media, and/or VPN use) within a SMB, as well as data protection for intellectual property. Make sure to address third-party vendors, cloud technology, and technology trends.
.
In a 600 word count (EACH bullet point having 300 words each) di.docxcharisellington63520
In a 600 word count (EACH bullet point having 300 words each) discuss the following WITH no intro or conclusion needed… CITE AND REFERENCE WITH TWO PEER reVIEWS
· Discuss the diathesis-stress model as it pertains to schizophrenia.
· Explain the causal factors associated with the disorder.
(1) DQ word count 175
Please describe schizophrenia and dissociative identity disorder. How are the two disorders different? Do they have anything in common?
.
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
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
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.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
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.
2024.06.01 Introducing a competency framework for languag learning materials ...
Running head OPERATION, TECHNOLOGY, AND MANAGEMENT PLAN1OPER.docx
1. Running head: OPERATION, TECHNOLOGY, AND
MANAGEMENT PLAN 1
OPERATION, TECHNOLOGY, AND MANAGEMENT PLAN
2
Operation, Technology, and Management Plan
Crystal Perkins
Dr. Tony Muscia
BUS 599 Strategic Management
August 24, 2015
New vision is a large-scale non- alcoholic beverage company
located in the competing surroundings of New York City. The
new business being on its start-up phase is propelled to
penetrate new markets on the fast growing economy. Due to the
increased opportunities in the market, new vision Beverage
Company is looking forward to improve its competitive
advantage. The company aims at ensuring their products are
positioned to ensure that they offer quality service and
satisfaction to the customers. The company is also focused on
2. ensuring that it provides different types of non-alcoholic brands
that match the quality and taste preferences of the customers.
In order to be able to grow, the company is looking forward to
ensure that it improves its responsiveness and flexibility to
customer demands. In addition, for it to achieve full potential,
the company is formulating strategies that seek to improve
functionality between areas of manufacturing and marketing.
The company marketing strategy is majorly based on ensuring
that it provides customers with the products they need. It is also
serves on providing information visibility to ensure that the
consumers have full knowledge of the company’s products.
Operations plan for NAB Company
The major purpose of the new vision non-alcoholic beverage
company’s business plan is to raise $900,000 for the total
expansion of the company. It plans to raise $100,000 from bank
loan while, the other remaining amount will be raised by the
company stakeholders. While planning is done, two categories
of people will be taken into consideration. These include; the
working class that involves portion of marketing and
administrative personnel and corporate class, constituting
middle and top managers who appreciate the quality non-
alcoholic drinks. The company’s competitive strategies will be
used on both levels to balance and improve on quality. It will
also be used in meeting targets, improving the implementation
process and coming up with new technological innovations. On
functional level, the management will ensure that recruitment of
good sales representatives is done. The management will also
promote quality management and effective production
processes. On the other hand, business-level strategies will
serve to ensure goals, policies, procedures, mission and visions
are achieved. The business level strategies will also be put in
place to provide efficient processes that minimize on cost,
maintain tight overhead on costs and over productions and
geared towards minimizing cost of sales.
Start-up Summary
3. The company total expenses and capital add up to
approximately $100,000. On the other hand, start-up assets
required by the company including acquisition of plant
,machinery, vats, refrigerators, burners, ovens, bottling
equipment’s, vehicles, furniture and other office equipment’s
add up to a total of $900,000.
After raising all the startup capital, the company will acquire
the main essential assets for its operations. It will also consider
renting or leasing some equipment’s in the next two years i.e.
machinery in order to balance the cost of operation.
The company’s SWOT analysis will have in place efficient
strategies that will help in enhancing the company’s
competitiveness in the market. The strengths of the non-
alcoholic drink will seek to offer diversified market segments
for the different beverages. They will also improve
opportunities through internet marketing, innovation and
penetration to new market for non- alcoholic drink. Weaknesses
involved include lack of reputation, financial problems, and
technological challenges. Threats facing the company include
existing competition from established brands in the market like
coca cola, Pepsi and increases in prices caused by foreign
suppliers
The company will improve on its competitiveness by coming up
with efficient marketing strategy. The strategies will aim at
ensuring the right products are offered to the customer at the
right time. The company will continuously improve on research
to close competition gaps in technology, new markets,
innovations, improvements in new products and market
segmentation. Strategies for improving marketing will be put in
place to ensure good relationship between management,
suppliers, retailers and distributors.
Create a technology plan for your NAB
There is high competition from key players in the industry such
as Coca-Cola, Pepsi Company, monster Beverage Corporation.
The new vision company main goal is to provide a competitive
technological approach to produce beverages such as bottled
4. water, energy drinks, soft drinks and fruit beverages. The
company is focused on ensuring that it adopts latest
technological innovations to provide quality non-alcoholic
beverages. The company will also adopt management of
information systems to improve decision making process. This
system will also be used to improve information flow and
performance. The process will also ensure that communication
between the customers and the company is facilitated by
ensuring smooth information flow.
The new vision company will also introduce enterprise resource
planning system in order to ensure the company is able to
coordinate business processes in different location. This system
will help the management in planning, managing and controlling
different department across the organization such as finance,
human resource department and inventory management. In
addition, adoption of supply chain management processes will
be used in fulfilling track orders, managing inventories,
improving supplier’s relationships and improving customer
service
Create a management plan for your NAB Company
The vision NAB Company comprises of different stakeholders.
The management personnel have a good knowledge of the
products the company intends to offer in the market. Therefore,
if well executed, the management plan will enable the company
achieve its goals and objectives. The style of management will
directly reflect the organization subordinates. The company will
also ensure that it supports community developments through
producing quality practices and adopting good practices. The
company’s continuous efforts will be focused on ensuring
ongoing initiatives are supported in order to increase sales,
market share and performance.
The company’s management plan will strive to ensure that a
competitive pay packages are set for subordinates in order to
improve their performance. It will also ensure that the products
are competitive and satisfy the consumer needs. Open
communication between the top management and staff members
5. will be improved to facilitate open decision making process.
The company will also introduce a reward system where
contribution relating to successful implementation of strategies
will be highly rewarded to increase performance.
The management will also come up with a plan to ensure that it
implements human resource strategies that provide address
issues such as:
· Improvements in Communication processes through different
channels of organization to facilitate transparency and openness
· Training and development of employees in order to ensure
they possess the required skills necessary in achieving the
company goals.
· Addressing and promoting human rights in order to ensure
basic rights within the organization and community are
addressed.
· Establishing good organizational structures that promote
working relationships among the workers in the company.
Organizational structure for the company
Extracted from
References
Barrow, C., Barrow, P., & Brown, R. (2012). The business plan
workbook. London: Kogan Page.
Blackwell, E. (2008). How to prepare a business plan. London:
Kogan Page.
Bleisch, S. (2015). Database Models. Gitta.info. Retrieved 25
August 2015, from
http://www.gitta.info/DBSysConcept/en/html/DataModSchem_le
arningObject1.html
Duhigg, C. (2012). The power of habit. New York: Random
House.
Jeffs, C. (2008). Strategic management. Los Angeles: SAGE.
6. Assignment 3: Part 2: Business Plan - Draft
Crystal Perkins
Dr. Tony Muscia
BUS 599 Strategic Management
August 24, 2015
RUNING HEAD: BUINESS PLAN
1
BUSINESS PLAN
i
Contents
1. Company description 1
a. Company description 1
b. Industry analysis and trends 1
Industry analysis 1
Industry trends 4
c. Strategic positioning and risk assessment 5
Risks 6
d. Target markets. 7
e. Competition 7
f. Marketing plan and sales strategy 8
2. Ethics and Social responsibility plan 9
a. Being a good citizen 10
b. Environmental care 11
c. Health issues. 12
d. Advertisements 12
References 14
7. Company description
This section contains a comprehensive description of the
company and the analysis of the wines industry. The section
also discusses the strategy alignment of the company as well
as the risk assessment of the firm. The sections goes ahead
to clarify the markets being targeted by the wines firm and the
competitor analysis. The final area that the section focuses
on is the marketing plan and the sales strategy to be
employed in making the firm successful.
a. Company description
The business is to be entitled Wine De Asti. This firm is to be
engaged in selling and making available of wines. The
company would provide white and red wines and provide the
different flavors as regular wines do as well. This is informed
by the decisions that there is a gap in the market of people
who do not require the used of hard beverages. The
company will make this available to all the wine lovers in
the locality at a variety of flavors.
The mission of the firm is to offer an inviting and sophisticated
beverage that does not lose the authenticity of our regular wine
experience. We are committed to finding high quality products,
which enhance its enjoyment, to maintaining the highest level
of expertise and professionalism in order to market and sell
these beverages.
b. Industry analysis and trends
Industry analysis
To make an in depth analysis of the nonalcoholic industry it
is necessary to use the potters five force models. This will be
8. an objective tool to help analyze this industry well. these
forces are the strengths of new entrants, rivalry among the
exiting firms in the industry, the threats of substitutes,
bargaining power of buyers and the bargaining power of
suppliers. In the USA, most of the wine, over 89 percent, is
produced in California (United States Department of
Agriculture , 2006)
There are fewer nonalcoholic outlets in the states that offer
quality wines that Wines Di Asti is planning. The exiting wine
sellers in the country, the entrance of this firm will be able to
revolutionize the industry in a significant way. Once the
customers have been satisfied, it will make it hard for them
to move to a rival wine cellar. This creates a unique
proposition for the firm. The new entrants in the in industry
therefore have a negligible effect on Wines Di Asti. This is also
due to the fact that the customer base is very huge
The rivalry of the existing firms in the industry is also very
minimal. This is due to the wide spread of the competing firms
in the industry. The wine sellers in a typical city are very few
and located far away from each other. The winner users are
specific to tastes and very loyal to a given brands and
would therefore not just use any brand. This therefore
reduces the rivalry among the firms which allows them to
make their own pricing without controlling the other firms.
The rivalry is therefore very favorable for the wines Di Asti
Since the red and the white wines have a known medical
value , it makes it impossible to have perfect substitutes.
The wines industry is not comparable to other beverages
such as beers and other alcoholic drinks. The varieties
exiting in the markets are also unable to perfectly sub
substitute each other. This therefore, makes the wines unique
and able to attract a better return to the business. The lack of
perfect substitutes for the white and red wines makes this
industry very suitable for the business to operate and venture
in.
The supplier in the wines industry plays a major role in
9. influencing the markets. This is because of the specific nature
of the wines industry. It takes time for the wined to be distilled
and be readily available to the end user consumers. Some of the
wines take toe to make and bring the quality that the customers
want. This therefore makes the supplier play significant roles in
the industry. Their influence is huge given this quality
specification as well as due to the fact that they are few
compared to other alcoholic drinks producers and suppliers.
This high bargaining power of the supplier is not well placed
for the busies that are to retail the wines such as wines Di
Asti. However, those can be countered by having an official
engagement with the suppliers through a contract where they
may not fail the retailer due to the consequences stipulated
in the official engagement. The USA is considered as the fourth
highest producer of wines in the world (Stevenson, 2005, p.
462)
The buyers on the other hand have some bargaining powers
but is less compared to the suppliers. The customers are
specific to certain tastes and qualities but do not mind the
prices. This makes it win-win situation for the retailer and the
customer since they are able to foot the cost of getting the
specific quality they want. Having the customers with a lower
bargaining power makes the business be in control of the
business but also the relatively good bargaining power they
have makes the firm to listen to them
According to the porter five force model, the industry is
regarded as being good when the threat from the new
entrants is minimal, the rivalry is positive and less
threatening , there are no available substitutes , the
bargaining power of the supplier and the sellers is minimal.
For the above, the wines industry faces all the positive
indicators except for the bargaining powers of the suppliers
(Porter, 2008).
Industry trends
10. The nonalcoholic beverages usage is on the increase in the
country. This is because of the increasing concerns of the
population to their health. The majority of the Americans are
becoming very sensitive of their health needs and are aware of
the effect of the alcohol to their health. There has been a very
rigorous campaign in the globe against alcohol use that has led
to the increment of the non-alcoholic drinks use (Harfmann,
2015). This drink is therefore going to be helpful to the
drinkers as it will not bring any hangovers and will be useful to
the customers as they will drink and drive.
The wine industry has recorded an increment of 2 percent in
2013 and in 2014. However, the market has recorded an increase
in double digits of the use of blended wines. This includes a
blend of the red and white wines. The kegs have also been
showing a growth especially in the indoor and on premise
settings. This places a huge market potential of the new wines
that wines Di Asti is going to offer the markets. The average
prices in the markets have been constantly standing at $9-11
but in the recent past, these prices have been shooting up as
the citizens are ready to spend more . The industry is shifting
to more innovative branding in the markets. The markets has
seen mushrooming of new packaging, labeling and addition on
the wines. These addition includes vitamins and energy
enhancers. In addition it is estimated that a majority of the
social media users are wine takers (Thach, 2014).
c. Strategic positioning and risk assessment
To gain a market niche, the firm will explore several strategic
positioning strategies. The most important of them will be a
differentiation strategy. The wines and the services to be
offered by the firm will be uniquely packaged to ensure that the
customer needs and wants have been addressed. This will
include availing a package to the customers to include some
music in the wine bars. The packaging of the wines will also
vary from those prevailing in the ,markets to create a lower
11. unit that can be offered to the customers at all times. This
will also have a lower priced which makes the customers
always afford the wines even when they are unable to
purchase a full bottle or a full glass of the wines.
A reward scheme for the loyal and frequent customers will also
be explored to strategically place the firm in a better position
(Quast, 2012). This will help attract and retain more
customers.
In addition the firm will explore other strategy alignments that
enables it differentiate from the other wines sellers in the
market. This will include the adherence to the laws as well as
the moral obligation to the society. The firm will strictly
prohibit the sale of the wines to the minor in all its outlets and
even manage their entrance into the bars. The patron suspected
to be of the lower age will be require to identify themselves.
The patron also will not be sold excessive wines to an extent
that they can cause harm to themselves and the general public.
This will be a strategic alignment that will be unique in the
markets
Risks
There are several risks the firm is likely to face in its
operations. These risks must be well acknowledge in advance
to help the firm plan well for the mitigation elements to be put
in place. They are also capable of making the firm go under if
not well checked.
Financial risks may be faced by the firm from its inception,
running and continued growth of the firm. The financial risks
include the running out of funds for the startup and in the daily
operations of the business. This is so especially given that the
business are likely to make no significant returns in the first
year of operations. Other financial risks to be faced is being
unable to meet the supplier’s requirements which will in turn
12. make the firm lose its customer base. The best way to mitigate
this is having an elaborate financial plan that allows for
flexibly in the operations as well as putting in place safety
nets that may avert the financial fall down of this business
(Olson & Wu, 2008).
Operational risks may be faced in the future as the firm starts
operating. There may be hitched in the delivery of the wines
to the shop which in turn mean having stock out in the firm.
Although this may be experienced in the opening stages of the
firm, but their effects in the future will be devastating. This is
so as it will mean having dissatisfied and disoriented
customers when thy come to the bar and find that the firm is
out of stock of their preferred wines. The cause may be delays
in the ordering of the stocks, a huge lapse time between the
ordering and receipt of the stocks as well as due to unreliable
suppliers. To avert this the firm will have an elaborate stock
management system that will allow the placing of the order in a
good time. Reliable suppliers will also be identified and
healthy relationship built with them. The products will also be
transported by an insured vehicle and the wines themselves
insured to help mitigate risks that may occur while the goods
are on transit. (Meyer, 2009)
Economic risks may be faced by the firms. This may due to the
financial frustrations the firm may face due to dwindling sales.
This can also be caused by a change in the customer s
purchasing power due to a harsh economic condition in the
economy. The government can also make stringent economic
requirements that may have a negative effect on the overall
country’s macro and micro economic environments .
d. Target markets.
The target market for the wines Di Asti is the group of propel in
the society who mind their health condition but still want to
take beverages. This group consist of over 100 million wine
drinkers in the USA. Of this population the firm targets to
serve the 15 percent who are considered to be regular wine
drinkers (Thach, 2014) .
13. The wines Di Asti also targets those customers who are
seeking the enjoyment of the tastes , those seeking to
socialize with their friends as well as those seeking to relax.
It will also serve the customer who use the wines to pair it to
with their foods.
e. Competition
Wines Di Asti is going to face competition from the local wine
sellers in the town. Some of these retailer have been in
operation in the market for a longer period of time and have
established their place in the market. They may have an
established base of loyal customers who are hard to attract
from them. However wines Di Asti will employ a combination
of several factors to attract them.
The local retail shops such as the supermarkets are also to
provide some competition since they also stock the wines in
their shelves. However this competition is not significant given
the fact they do not have an elaborate place for the customers to
sit down, socialize and even be free to act out.
f. Marketing plan and sales strategy
The marketing strategy for the organization to sell the wines
will be an important aspect in ensuring that the wines are able
to sell in the markets. The plan will include the four Ps of
marketing
The wines di Asti products will include the red and white wines.
These wines will be sold out to the customer as tots, in
glasses and the sealed bottles from the various places
where the wines will be placed.
The wines will, be availed to customers in the various bars to be
opened. These bars will be open every day of the week within
the legally acceptable hours for the revelers to access them. The
bars are to be strategically located within the town for easier
and quick access by all the customers.
The bottled wines will be branded and sold out as sealed
secondary distilled wines in the bar, supermarkets and other
wine outlets in the towns. They will also be access from the
online platforms where the customers will be allowed to make
14. their orders. The customer will also be able to make orders
through a call and have the wines delivered to their locations
The wines will first be priced at a relatively lower price to
allow costumer attraction. This strategy will allow the products
to penetrate the markets easily. Once the business has attracted
enough customers, the prices will be increased marginally to
allow the company meet the financial obligations (McGuigan,
Moyer, & Arris, 2004). However this increment will be gradual
so as not to scar away the customers.
There will be a premium pricing of some of the wines. This is
meant to allow the firms attract some calls and prestige. This
wine will bring in a new cache of customer who are affluent in
the society and are looking for class. They will also be
accorded a special place in the bars where they can interact and
socialize among themselves easily.
The products will be advertised on various channels that will
reach the customers. This will include the preparations of
several fliers that will be distributed to the potential customers
at various strategic places. There will also be posters that will
be distributed in the public places concerning the wines
available and the prices as well as the various offers.
Online platforms will also be used to advertise the wines. There
will be adverts placed in the social media sites such as
Facebook, LinkedIn, twitter and the Instagram. The adverts are
better placed since they can be accessed any time of the day
from any location. They also can be customized to suit any
target customer
The first batch of the wines will be sold on a promotional basis.
This will act as bait as once they have tasted and sampled out
our wines, they are likely to be attracted to the product and
therefore become loyal customers for a long period of time.
1. Ethics and Social responsibility plan
For any business in the globe acting socially responsibly and
in an ethical way is great tool for both marketing and financial
security. This is because of the fact that the customer of the
business are the members of the society and therefore should
15. be treated with a lot of respect and dignity (Markgraf, 2013).
Wines di Asti as a corporate person in the society will strive
to act responsibly and in the most ethical manner to ensure
its survival . This plan details in depth how this will be
carried out by the business. Its shareholders, and all the other
stakeholders.
a. Being a good citizen
The firm will employ a combination of both labor and capital
intensive method of productions. This will also the firm to
create opportunities to the member of the community. The
opportunities will include job and income opportunity to help
improve the living standards of the society.
Observing the laws of the land will be at the core of the
business. The firm will be decentralized to allow each
operating unit be able to address the specific need of the
legislations in every place they are operating. The managers
found to be violating the laws will be disciplined accordingly
and face the full force of the laws concerned
Treating employees with dignity and respect is one of the core
values of the business. This will be in line with the legal
requirements of the labor laws concerning the remunerations,
leaves and working conditions. The firm will offer competitive
packages to the employees to ensure that they are able to
perform their duties in the appropriate manner. The firm will go
the extra mile of training and developing the employees so that
they can realize their dream within the firm (Quast, 2012). The
employees will be provided with the right working gear to
protect them from any danger in the workplace. In addition, the
Human resource will always have a listening ear to the needs
and demands of the employees. The firm will always negotiate
with the employees on the matters that are affecting them and
find an amicable solution to the problem. All these are meant to
ensure that the employees are motivated and minimize the
employee turnover (Gibb, 2011 ) .
Diversity in the workforce is highly encouraged in the firm.
This is meant to give every human being equal opportunity
16. without discrimination whatsoever on the basis of color, race,
religion or backgrounds (Saylor.org, 2014). The firm is going
to employ a cohesion strategy among all the people of the
globe since they are not only our employee but also our
customers and business partners.
b. Environmental care
The firm will also place a greater regard to the environmental
purity. This is due to that fact that the product then firm is
dealing with come from agriculture. For the business to
continue thriving, the farmers in the farm, where the raw
materials for the wines come from, must also be able to use
farming methods that are safe to the environment. The business
will not buy the product from manufactures and suppliers
that are not environmentally friendly and compliant. We will
also work closely with the farmers and the wine distillers to
explore better methods for the production ,transportation and
packaging of the wines in the most healthy and environmental
friendly manner (Green to Gold,2006).
The use of the glass bottle in packaging the wine has an impact
to the environment in a major ways. The glass are a non-
biodegradable material that is harmfully to the environment and
the animals as well, as human beings if disposed improperly.
The firm will work with the community to buy wine bottle from
them instead of allowing them to dispose them in the
environment. This will go a long way in ensuring that the
bottles have a minimal negative impact on the environment.
The firm will also be encouraging the farmers to use chemical
and the farm inputs that that are safe to the environment.
Water is greatly used in this industry from the growing of
the crops in the field to the distilling of the wines and the
cleaning of the rooms. The firm will encourage, as far as
possible, the users to ensure that they use water in the most
appropriate manner. The firm will explore other methods of
cleaning in the bars that does not require much water as well as
encourage the manufacturer to use the water in the most
17. appropriate manner.
c. Health issues.
The wines and other beverages that are use have health related
issues if they are abused. The products that we are dealing
with may have a devastating health effects on the users if they
are misused. This includes the diseases such a liver cirrhosis
and kidney stones. Besides this , the wines when used to
intoxicating levels affects the person decision making and
may be unsuitable for them to make decisions. The wines if
contaminated are very poisonous.
To mitigate against these affect the firm will employ several
measures. First, the wines will not be solved to any miners or a
person who is suspected to be a minor. Secondly, the packaging
of the wines will be closely monitored to ensure that they are
not contaminated while on transit and while in the shelves or
even when they are being offered to the customers in the bar.
The bar will closely monitor their patrons to ensure that they do
not drink themselves silly. This is meant to ensure that they not
only maintain good decision making status but also are able to
check their health as well as ensure their own safety and that of
others.
d. Advertisements
The beverage and advertisements are at times too much broad
that they may affect certain category of the population aspect.
One of most affected category is the minor who may get the
wrong image from the adverts. As a means of acting socially
responsible and ethically, the firm will employ several measures
in its adverts. The first instance is not allowing minors into the
bars run by the firms. The patron will be required to be on the
majority age and be required to prove this in case there is any
doubt.
The adverts to be placed in the public places must only carry
the most relevant information. They will not contain any adult
content as this may not be good ethically. The adverts must
carry a huge disclaimer that is printed in bold showing the
negative effect of the wines. Such disclaimers will help deter
18. the unwanted category of the society. On the online platform,
the adverts are also to be designed in a way that they do not
contain any adult content or misleading information. They will
place on the sites where the account owners are required to
prove that they are of the majority age. Some of the most
specific adverts will, be place in the specific owner pages or
emails of the patrons who have proved their ages and are users
of the wines.
The distribution channels to be used are meant to ensure that
the customers are bale to aces the wines from the authorized
places only. The wines will not be sold in public places where
there is no control. This will be another measure besides the
above to ensure that only the targeted population able access to
the wines. The firm will also be very strictly with any other
person going to be giving our product to the uncategorized
citizens such as minors
References
Gibb, S. (2011 ). Human Resource Development: Foundations,
Process, Context. Palgrave Macmillan.
Green to Gold,. (2006). ECO-PLAYS FRAMEWORK. Retrieved
May 29, 2015, from http://www.eco-
advantage.com/pdf/ECOPlaysFramework.pdf
Harfmann, B. (2015). 2015 State of the Beverage Industry:
Imported, craft brews dominate growth. Retrieved from
http://www.bevindustry.com/
Markgraf, B. (2013, june 03). Legal & Ethical Issues in
International Business Expansion. Retrieved August 18, 2015,
from http://smallbusiness.chron.com/legal-ethical-issues-
international-business-expansion-68066.html
Meyer, M. W. (2009). ethinking performance measurement:
Beyond the balanced scorecard. Cambridge, UK: Cambridge
University Press.
McGuigan, J. R., Moyer, R. C., & Arris, F. H. (2004).
19. Managerial economic: aplication strategy and tactics (13 ed.).
Stamford city: Cengage Learning.
Olson, D. L., & Wu, D. D. (2008). Enterprise Risk Management.
World Scientific.
Porter, M. E. (2008). The Five Competetive Forces thta shape
Strategy . Harvard business Review, 86-104.
Quast, L. (2012, may 14). Want Your Company To Succeed in
the Future? Invest in Employee Skills Training Like Deloitte
LLP. Retrieved from
www.forbes.com/sites/lisaquast/2012/05/14/want-your-
company-to-succeed-in-the-future-invest-in-employee-skills-
training-like-deloitte-llp/
Saylor.org. (2014). Human Resource Management. Retrieved
from http://www.saylor.org/books
Stevenson, T. (2005). The Sotheby's Wine Encyclopedia (fourth
ed.). Dorling Kindersly.
Thach, L. (2014, march 26). Trends in the Wines Industry.
Retrieved from https://lizthach.wordpress.com/2014/03/26
United States Department of Agriculture . (2006). Global Wines
Report . United States Department of Agriculture .
Sheet1Current year "$ 00"Year 1 "$ 00"Labor and material
cost50004000sub-total50004000Public relations Press
tours600500Road shows350300PR firm200200Press release
development5045Press release fees7065Press kit
materials320300Analyst subscription fees3030sub-
total16201440Web marketingGoogle AdWord
program120115yahoo Ad program 7065Miscrosft Ad
program8585Web development charges110100Online advertsing
fee4530Search Engine Optimization (SEO)cost8055sub-
total510450AdvertisingTelevision adverts200185Radio
20. adverts140125Creative development charges5055sub-
total1025900TOTALS. "$ 00"81556790
Wine De Asti Company Estimated budget for Beverage Launch
Sheet2
Sheet3
Assignment 1: Company Description and SWOT Analysis
Crystal Perkins
Dr. Tony Muscia
Strategic Management
July 20, 2015
The name of My NAB Company is Wine De Asti. The
significance of the beverage is for wine lovers who enjoy the
taste of different wines but no longer indulge in alcoholic
beverages. The company would provide white and red wines and
provide the different flavors as regular wines do as well. We
would target clubs and lounges for those nights on the town,
where adults whom no longer indulge in alcoholic beverages
would like to enjoy a nice beverage other than water, soda, or
juice, while others enjoy a nice glass a wine.
Our Mission is to offer an inviting and sophisticated beverage
that does not lose the authenticity of your regular wine
experience. We are committed to finding high quality products,
which enhance its enjoyment, to maintaining the highest level
of expertise and professionalism in order to market and sell
these beverages.
The nonalcoholic beverages usage is on the increase in the
country. This is because of the increasing concerns of the
population to their health. The majority of Americans are
becoming very sensitive of their health needs and are aware of
the effect of alcohol to their health. There has been a very
rigorous campaign in the globe against alcohol use that has led
to the increment of the non-alcoholic drinks use (Harfmann,
2015). This drink is therefore going to be helpful to the
drinkers as it will not bring any hangovers and will be useful to
21. the customers as they will drink and drive.
A differentiation strategy is the most appropriate strategy for
the product. This will allow the products to be distinct from the
other products in the market; Differentiation can be achieved by
having a unique packaging and the pricing. The product should
not be lowly priced as it would create a cheap impression and
low quality in the eyes of the customers.
The channels of distribution for the beverages will be a
combination of several channels. The first outlets will be in the
local retail store such as the supermarkets. This will enable the
shoppers in these huge stores to access the drinks with a lot of
ease. The drinks will also be availed to local food joints such as
fast food restaurants and hotels. This will help the company
reach out to the patrons eating in these hotels. In most cases,
these are the people who do not like to take alcoholic drinks.
The drinks will also be available in the entertainment joints
throughout the major towns. This will be targeting the
customers in the entertainment joints who may not be using the
alcoholic drinks.
There are financial risks associated with these drinks. This
includes the risks that the drinks may not be able to bring
profitable returns to the company due to the low sales volumes.
Financial risks also include the risks of running out of finances
to produce the products or bring the products to the market.
This is mitigated by having an elaborate financial plan and
insuring the process (Olson & Wu, 2008).
There are Operational risks faced by the company. These risks
relates to the daily operations and management of the products
distribution. At times, there may lack coordination and control
necessary to ensure smooth distribution of the products. There
are also security risks for the products while on transit as they
may be vandalized or damaged. (Meyer, 2009) The mitigation
include accurate coordination and insuring the products while
on transit
There are risks associated with the dwindling of the target
customers in their purchasing power. The soft drinks sector is
22. majorly affected by the level of income of the customers that
may dwindle any time (Olson & Wu, 2008). Customers’
preferences may also change rapidly making the company invest
in the expansion in vain.
The strengths for the products are the health and diverse flavor
provided by the drink. This creates an edge over the other
drinks. The weakness is the lack of much differentiation from
the readily available drinks on the market. The products act as
perfect substitutes for each other and may not bring an
addiction. The opportunity of the products is the increasing
heath awareness of the population to the need of taking
nonalcoholic and healthy drinks. This makes the drinks have a
huge market potential.
The major threat for the company is the huge competition from
the industry well established firms such as Coca Cola and Pepsi.
The ongoing campaign may make the customers confuse the
product as being alcoholic.
References
Harfmann, B. (2015). 2015 State of the Beverage Industry:
Imported, craft brews dominate growth. Retrieved from
http://www.bevindustry.com/
Meyer, M. W. (2009). ethinking performance measurement:
Beyond the balanced scorecard. Cambridge, UK: Cambridge
University Press.
Olson, D. L., & Wu, D. D. (2008). Enterprise Risk Management.
World Scientific.