Final Strategic Plan (Company -Tutor Perini)Create the F.docx

Final Strategic Plan (Company -Tutor Perini)
Create the Final Strategic Plan. The Final Strategic Plan
contains the elements of all the previous weeks' components and
incorporates instructor feedback. The strategic
recommendations will be evaluated, and the best options chosen
for recommendation. The final strategic plan contains:
· Table of Contents (x1 slide)
· Executive Summary (350 to 700 words) (x2slide)
· Company Background (x2slide with 150 words in speaker
notes)
· Mission Statement(x2slide with 150 words in speaker notes)
· Vision Statement(x2slide with 150 words in speaker notes)
· Value Statement(x2slide with 150 words in speaker notes)
· Environmental Scan(x2slide with 150 words in speaker notes)
· Internal and External Environmental Analysis(x2slide with
150 words in speaker notes)
· Strategic Recommendation(x2slide with 150 words in speaker
notes)
· Implementation Plan(x2slide with 150 words in speaker notes)
· Organizational Change Management Strategies(x2slide with
150 words in speaker notes)
· Risk Management Plan(x2slide with 150 words in speaker
notes)
· Conclusion(x1slide with 150 words in speaker notes)
· References
Create a 25-slide Microsoft® PowerPoint® presentation with
speaker notes to present the strategic plan, combining all
relevant elements from previous weeks. The objective is to sell
the strategic plan to investors or company directors.Slides
should emphasize bullet points and images that reflect the key

points being made (presentation best practices). Each slide is to
contain speaker notes (that appear just beneath the slide or
minimally 150 words providing additional detail on each
element.
For clarification, this is what the professor suggested:
Be sure to address every assignment element. Don't leave any
out. After ,mission and vision, I'm going to be paying particular
attention to how you present information on the external
environment, which includes the remote, operating, and industry
environmental segments. Make sure you specifically explain
what each is, and then how it is attached to your target
enterprise. The same applies to the internal analysis, which
should begin with presentation of a SWOT Analysis and
narrative explanation. Then, how they relate to the external
factors previously identified. Don't forget resource analysis, and
organizational structure. I will also pay special attention to the
definition of strategies: business level/generic, corporate/grand,
Value Disciplines and global strategies. Again, explain them in
specific detail and then how they are attached to your target
enterprise. The Implementation Plan you developed in WEEK 5
will be graded as early as I can get them done and you should
take that feedback to refine your plan for inclusion Be sure to
include a discussion of Strategic Controls and a risk
management plan and separately sub-headed Contingency Plan.
"Gobbletygook".......:-) rambling general statements will reflect
a lack of command of the concepts and will result in point
deductions.
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2
Tutor Perini Career
2
Tutor Perini CAREER CONNECTION
WEEK 1 GUIDANCE
Tutor Perini Values and Strategy
My enterprise is Tutor Perni Corporations and their main

corporate office is located in Los Angeles, California. Tutor
Perini has grown vastly over the years by putting a strategic
plan into place. This report will discuss the some of the major
components of the strategic management process with Tutor
Perini and how this business works together to create value for
its organization. By evaluating Tutor Perini mission statement, I
will explain the importance of the role of ethics. All these
components happen to be an important aspect in the success of
the firm.
Major Components
There are three major components to the process of strategic
management. These components are analysis, strategy and
performance. The first process in strategic management is that
the firm must analyze the external and internal environment.
Looking at the firm’s internal environment is essential in order
to work out any issues that may hold them back. It is important
for Tutor Perni to understand its external environment for the
process. By understanding the environment, they can prepare for
any potential threats. Always staying ahead of their competitors
is how the firm has grown so big. “A strategy is an integrated
and coordinated set of commitments and actions designed to
exploit core competencies and gain a competitive advantage.”
(Hitt, 2015) This part of the strategic management includes
creating a strategy formulation and also the implementation of
the formulation. The information gathered in the analysis phase
will come in handy when formulating the strategic plan. This
strategic plan is used by the firm in order to create
competitiveness amongst other companies. The last process to
strategic management is performance. The performance part of
strategic management is the end result in all the components. If
the strategic actions are effective it will result in a positive
performance. A positive performance will be also measured by
the rise and fall of the company. It is important for Tutor Perini
to have a positive performance because it is their sign of
success.
Value for the Organization

Each component of the strategic management process works
together to create value for the organization. Tutor Perini
measures its value in the happiness of this employees, which
also reflect in its success. One of the most important things to
focus on in the success of the company is the analysis of the
external and internal environment. By analyzing the internal
environment Tutor Perni will be able to pin point any issues that
may hold them back in the future. For any company the success
starts internal first. External analysis is also an important part
of the firms current and future success. Identifying what
companies are at risk is essential in order to ensure success. By
creating a strategic plan to stay ahead of these companies will
always keep Tutor Perini a head of the game. This strategic plan
is used to in order to create competitiveness amongst other
companies. This competitiveness typically means each company
will create a plan that is against its competitors. The strategic
plan creates value to Tutor Perini by ensuring they have a plan
for any issues that will arise. Great employee performance is
essential for the success of the firm. Performance holds value to
the company by making sure the employees produce their work
to the best of their ability.
Mission Statement
213qwaTutor mission state me goes as follows; their clients
share a world-building approach, with projects that transform
industries and communities. Big and major projects with such
stunning size and complexity does not intimidate Tutor Perini
and its inspiring. Tutor Perini is built to tackle projects as such.
Extraordinary projects demand a strategic and intelligent will be
the approach Tutor will take, this allows employees to have
real-world experience. The type of projects Tutor will take on
demand the relentless intensity of people who know the stakes
are incredibly high. (Tutor Perini ,April 1, 2019)And they
demand a team that understands mutual trust and integrity are
necessary to execute massive undertakings on near-impossible
deadlines. Extraordinary projects need vision and precision to
be exceptional. They need Tutor Perini. My enterprise does

reflect what it does-does it correspond to the enterprise's core
business strategy because Tutor takes on major projects that
little companies cannot handle on their own.
Role of Ethics
“Tutor Perini is greatly committed to racial and gender diversity
and has internal and external programs in place to attract and
retain minority and women attorneys. Respect for the dignity
and worth of each individual is one of our basic tenets. Each
individual has the right to work in an environment that is
conducive to equal opportunity and free from discriminatory
practices. Our firm is an Equal Opportunity Employer, and it is
our policy—from recruitment through employment and
promotion—to provide equal employment opportunity at all
times without regard to race, color, religion, age, gender, sexual
orientation, national origin, disability, or any other personal
characteristics.” (MDWCG, 2018)
It is important to Tutor Perini to create a diverse culture
amongst their employees. By creating programs like
apprenticeships for help and mentor the minority Tutor Perini
can ensure diversity. It is important to me to promote diversity
in the world, so it is only right to work for a company that also
supports diversity. Keeping a great work atmosphere will
support great morale. Morale is important because it creates a
great place to work.
Vison and mission with my values and vision
Tutor Perini has an amazing values statement and I can see why
its accurate. As a former employee, I have seen management put
their employees first along with safety. My own vision and
mission are somewhat aligned with Tutor Perini I’ve learned
that if companies take care of their employees, then the
employees will take care of the company by all measures. My
role as an administrator with the company, I have strong work
ethics because I am a representation of the company. I treat
customers with respect and the customers have treated me with
respect as well. With Tutor Perini high reputation of respect

that aligned with its core values, I believe as I work for a
company like this, I must represent myself in a high fashionable
way.
References
Tutor Perini Corporation. (2019, April 1). Retrieved from
https://www.tutorperini.com/
Clients rely on Tutor Perini to execute large, complex projects
that adhere to strict quality control measures
Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2015). Strategic
management: Competitiveness and globalization (11th ed).
Stamford, CT: Cengage.
Marshall Dennehey Warner Coleman & Goggin. (n.d.).
Retrieved October 1, 2018, from
http://www.marshalldennehey.com/firm-info/marshall-
dennehey-warner-coleman-goggin
Tutor Perini Strategic Plan, Part 1: Environmental Scan
WEEK 2 GUIDANCE

Target enterprise and competitive environment
My target enterprise is Tutor Perini Corporation that happens to
be one of the largest general contractors. As Tutor Perini
continues to be one of the largest in the United States, their
reputation continues to excel in major ways. Back in 2013 Tutor
Perini was reported to have annually made approximately 4.2
billon dollars in one year. Current Revenue is estimated to be
4.76 billion in 2018. Tutor Perini is headquarters is in Sylmar
Ca, which is around the area of Los Angeles Ca. with Tutors
extraordinary projects and exceptional performance, this
enterprise continues to stay in the top. A competitive
environment is defined as the dynamic external system in which
a business competes and functions. Tutor Perini overall
competitive environment consist of other construction or civil
companies. Tutor Perini competes with other construction
companies financially, economically, civilly, technology and
projects around the United states. With larger projects, Tutor
Perini is faced with less competitors.
Remote environment.
According to the business dictionary the definition of remote

environment consists of Ecological, political, social, and
technological factors or forces that affect a form's decision-
making abilities but are beyond its control or influence.
Economically Tutor Perini Q4 revenue has went down in some
areas and some have gone up. While their happened to be a
twitter beef between the President of the United States and the
Governor of California, Contractors has gone down -26.4
percent because one of Tutor Major projects happen to be the
California High Speed Rail. When it comes to its technology
side, its private. It’s not public information, but as a current
employee I know that Tutor Perini uses certain programs to
keep track and design projects. Its basically a big data program
for all projects. Only the project employees are working on can
see what’s going on, but can’t see other projects not involved
in. Tutor Perini operating a heavy construction around the world
can cause some political risk. Risk can include military
invasion, trades, antitrust laws and pricing. Some social factors
may include the impact in the community.
Operating environment
When it comes to competitors according to Craft(2019). Tutor
Perini competitor is an enterprise names AECOM which is also
an engineering company that happens to design projects,
consulting, constructs projects and management services that
also have a great reputation that represent government and state
projects. Tutor Perini has 82,000 employees with a decrease
and AECOM has a steady 87,000 employees. Tutor Perini
customers include state and government agencies that are
interested in creating and building extraordinary projects around
the county. The work fore ability is very much needed. Tutor
Perini has several contracts around the county and many times
not enough manpower to do the job. So therefore, a lot of times
Tutor will team up with other big companies to complete the job
in a time manner. Currently Tutor Perini has won the contract to
complete the California High Speed Rail at the joint venture
project with Zachy and Parsons. Tutor is very well known, and
the operating environment is good in all areas with the ability to

perform and complete projects on time and within budget.
Industry environment
According to Investopedia (Feb,2019) Porter's Five Forces is a
model that identifies and analyzes five competitive forces that
shape every industry and helps determine an industry's
weaknesses and strengths. Frequently used to identify an
industry's structure to determine corporate strategy, Porter's
model can be applied to any segment of the economy to search
for profitability and attractiveness.
1) competitive rivalry intensity-how intense is the competitive
behavior in the industry? Tutor have had it shares of
competition with other companies from the united states and out
of the county construction companies that see opportunities to
compete for cheaper price. The rivalry is intense because Tutor
Perini continues to go after and bid against other companies for
major projects to keep their reputation in good standing. The
only problem with that, is Tutor Perini are involved in a lot of
projects around the country and not enough manpower to
complete jobs with just Tutor employees. Therefore, mainly all
projects are joint ventured and that keeps Tutor Perini on top
and allows them to stay economically reserved.
2) Bargaining power of customers-how much leverage do
customers have in the business proposition? Bargaining power
is just what it is bargaining. With Customers have a lot to do
with bargaining because there is competition with other general
contractors that are interested and can do the job at a lesser
price might have a better change. That’s why it’s important for
Tutor Perini to keep and maintain that professional safe
stability that can offer companies to choose tutor. It’s always
quality over quantity.
3) Bargaining power of suppliers -how much leverage do

suppliers have in the business proposition? With Tutor Perini
having projects in and out the country their bargaining of
supplier’s power is high. With high reputation and financially
stability, suppliers will want to work with Tutor and keep the
relationship good.
4) Barriers to entry-how difficult or easy is it for new players to
enter the industry? There are a lot of companies and start up
programs that may want to enter the construction business. The
difficulty is hard to maintain big projects because companies
like Tutor Perini and AECOM are already establish and have a
high reputation of getting the job done. Also both have more
than 8 thousand employees which makes its easier for these type
to present how to effectively execute a project’s When it comes
to smaller projects , it will be easer to get in and win a bid for
construction projects because companies like Tutor Perini are
not going after projects with 30thousand bid. Tutor Perini are
going after projects that have 1.5 million bids.
5) Availability of substitute products- With tutor peri focusing
on big projects, when it comes to the availability of substitute,
Tutor has no worries in that department. Most people can not do
what Tutor does because they don’t have the administrative
support to tackle big projects and the manpower. There are
others that might be cheaper, and others can go that route, but
again because Tutor Perini has the reputation of quality or
quantity, a lot of government and state agencies will rather go
with companies that have history of completing projects in time
at a safely manner. That is what Tutor Perini provides.
Therefore, Tutor Perini has no majors’ threats in substitutes
availability.
Conclusion wrapping it altogether
After reviewing Tutor Perini environmental scan Tutor Perini
Corporation that happens to be one of the largest general

contractors. As Tutor Perini continues to be one of the largest in
the United States, their reputation continues to excel in major
ways. Tutor Perini is headquarters is in Sylmar Ca, which is
around the area of Los Angeles Ca. Tutor Perini overall
competitive environment consist of other construction or civil
companies. Tutor Perini competes with other construction
companies financially, economically, civilly, technology and
projects around the United states. With larger projects, Tutor
Perini is faced with less competitors. The remote environment
consists of Ecological, political, social, and technological
factors or forces that affect a form's decision-making abilities
but are beyond its control or influence and Tutor is on top of its
remote environment. Tutor is very well known, and the
operating environment is good in all areas with the ability to
perform and complete projects on time and within budget.
Tutors industry environment is on point as well but never
perfect. Still need some improvement in all areas as the world
keeps evolving.

REFERENCES
Craft(2019). Retrieved from https://craft.co/tutor-perini-
corporation/competitors
Tutor Perini's. (n.d.). Retrieved from
https://csimarket.com/stocks/compet_glance.php?code=TPC
Tutor Perini Corporation. (2019, April 1). Retrieved from
https://www.tutorperini.com/
Clients rely on Tutor Perini to execute large, complex projects
that adhere to strict quality control measures
TUTOR PERINI CORPORATE
WEEK 3 GUIDANCE
Introduction
For this exercise, I am going to focus on the company Tutor
Perini corporates; the company was started in the year 1946 by
Albert G. Tutor as a family construction business. The
businesses reported enormous success in its operation since its
formation, and it grew to what it is today as a world leader in
the construction industry not only in the US but also around the
world. This, however, this did not automatically happen, the
family business sought partnership with Perini Corporations

which was established in the year 1894 by Bonfiglio Perini who
had a reputation in construction industry owing to the immense
opportunities for growth that revealed between the two
businesses. Ron Tutor spearheaded a recapitalization of Perini
Corporation in the year 1997 and the year 2008, the two
companies officially merged to form Tutor Perini Corporation
which was customer oriented business, today the company
consist of more than 20 wholly owned subsidiaries in the US
and around the world (Tutor Perini Corporation, n.d.).
Tutor Perini Corporation internal environment
For the time that this business has been in operations, it has
been characterized by the immense success that has allowed it
to expand beyond the geographical limits of the United States.
The success of this business can be attributed to the
effectiveness of the management in terms of the proper making
of decisions pertaining the direction of the company to take and
the ability of the business to satisfy its clients with exemplary
services. Cost management has also been an essential factor in
the internal business environment of this company. Today the
company employed 8200 employees in the year 2018, and this
number is anticipated to grow. The success of this company is
attributed to effective leadership and healthy organizational
culture that has been necessary for the strong worth ethics of
the employees of this company. There is still room for
improvement for this company to approach some issue and
reach higher levels of success.
Company” strengths and weaknesses
The best way to understand the strength and weaknesses of
Tutor Perini Corporation can be well followed by the use of the
SWOT matrix. The advantages of this company include
effective marketing strategies that have enabled the company to
dominate the industry; it is reputable in developing new
products, have a strong brand portfolio and automation of
activities that have created effectiveness in the business
operation. The weaknesses of the business include weaknesses
in forecasting the demand for products; the organizational

structure of this company limits expansion, and the company is
still in old technologies. Opportunities for this company
includes low inflation rates, an online platform that has been
responsible for increasing the customer base. Threats for this
company include increased pay levels that have improved the
company’s overheads and the issue of currency fluctuation as
the company operates in different countries.
Company’s resources
Tutor Perini Company is endowed with vast sources of funds
that have been key contributors to the success of the company.
The company enjoys a pool of skilled labor from its well-
trained employees who are drawn globally. This gives the
company the desired skills to run its complex projects. In
matters pertaining to the financial resources of this company,
the company enjoys a strong economic base due to its long
periods of profitability, the merger between the two companies
also served to improve the financial resources of this company,
finally, in matters pertaining to the technological resources of
the company, Tutor Perini seems to lag in employing current
technologies in its operations. Despite the technological lag of
this company, the available resources are much in favor of
attaining the set organizational goals an improvement in the
technical resources of the company would significantly boost
the ease at which the organizational goals are achieved.
Conduct competitor analysis
As anticipated, a business must have a competitor in a free
market economy, as a norm, Tutor Perini Corporation faces
completion from businesses such as Kiewit Company, the
company is reputable for its success in laying out complex
project and has posted a significant competition to Tutor Perini
corporations since its formation in the year 1884. The company
is also known to form its modern technology in its operation;
this is seen a major strength that has enabled the company to
even venture in complex projects that Tutor Perini Corporation
may not effective in taking such projects. The company also has
a penetrating power in all industries and hence it has been a

pivotal point of attaining market control. Although Kiewit has
been the market leader, if the current trend in competition
persists, it is anticipated that Kiewit Company poses a broader
gap in the market share if Tutor Perini Corporation does not
improve on the scope of its operations and embrace new
technologies.
Organizational Structure Assessment
The company is known for its effective organizational structure
and this attributed to the effectiveness of the top management
and the chain of commands from top management to the lowest
employees in the rank. For Tutor Perini Corporation, the board
is necessary for making vital organizational decisions in which
the CEO of the company is the chairman. At the corporate level,
the management and implementation of the decisions are split
into a various department that is tasked with some specific
objectives that drive the attainment of the organizational goals.
These departments are structured in a way that they work
together to attain some common goals of the organization. The
manager of various department reports to the general manager
or the CEO of the company who exercises the overall
management duties at the organization that may include making
some long term decisions of the company.
Competitive Position and Possibilities
Over the period that this company has been in operation, it has
enjoyed a significant market share in the construction industry.
This is attributed to the fact that it has employed efficacy and
effectiveness in management as well as better approaches to
projects. This was attributed to increased satisfaction of its
clients, and this is evidenced by increased demand for the
company’s services. Although this company is not the market
leader in terms of market share, the current changes and shift
towards employing current technology is a significant move that
is seen an opener of opportunity for the increased market share
in the future. The merger of the company also created a stronger
business that can favorably face competition faced by other
direct competitors.

In conclusion, the analysis of the internal environment of Tutor
Perini Company makes an important focus on how this company
carries out its operation. Through the analysis of the company’s
weaknesses and strengths, the company possesses both strengths
that have greatly boosted its operations, and at the same time, it
has some weaknesses that limit its success. While opportunities
such as online platforms which improve the customer base of
the company, threats such as competition from companies such
as Kiewit Company. The success of the company is mainly
attributed to the effectiveness of the internal structure of the
business and its effective marketing strategies as employed by
the company. Although the success of the company remains to
be a significant pillar, there several things that this company
needs to do to remain viable in the market and address some
drawbacks limiting the company to succeed to higher levels.
Reference
Tutor Perini Corporation (n.d.). Tutor Perini Corporation
Tutorperini.com. Available at: https://www.tutorperini.com/
[Accessed 15 Apr. 2019].

Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2015). Strategic
management: Competitiveness and globalization (11th ed).
Stamford, CT: Cengage.
Marshall Dennehey Warner Coleman & Goggin. (n.d.).
Retrieved October 1, 2018, from
http://www.marshalldennehey.com/firm-info/marshall-
dennehey-warner-coleman-goggin
Construction, Engineering and Mining Services. (n.d.).
Retrieved April 10, 2019, from https://www.kiewit.com/
complex project
Strategic Plan: Implementation Plan, Strategic Controls, and
Contingency Plan Analysis
WEEK 5 GUIDANCE
Introduction
The Company is providing its products through some private
companies, investor relations, and corporate governance with its
headquarters in Los Angels, California, United States. It is a
general contractor that operates in three segments: Building,
Civil alongside specialty Contractors. The main aim of this
implementation plan is to guide Tutor Perini Company to
achieve its business goals in a timely and resource effective
manner. An organization must clearly state the aspect of
funding towards ensuring that their plan is actualized,
deliverable and employees are obtained (Floyd & Wolf, 2016,
p. 2).
Implementation Plan
Tutor Perini Company is searching for both ways and methods

that can enable it to reign the most significant market shares.
The management of the company is responsible for strategies
development aimed at regaining the faith and loyalty of their
customers. Hence, the company management is planning to
implement a strategic plan that they specifically developed to
address both current and future state of the company. The
implementation plan is critical in enabling the company to
create stages for the processes of execution as well as assigning
personnel their responsibilities (Floyd & Wolf, 2016, p. 3).
Objectives
The objectives of the company are revolving around its vision
and mission statements. The main objectives in the company's
strategic plan are to develop a diversification of the company's
business activities. Another aim was to retain their already
existing customers alongside reaching out to potential new
customers. The company seeks to be the lead the markets
regarding construction activities. Additionally, the company is
trying to develop and uphold programs for customer loyalty to
improve their brand and customer base reliability alongside
tracking their product performance and getting feedback from
their customers (Floyd & Wolf, 2016, p. 4).
Functional Tactics
The Company's operational statements are containing all the
tasks and objectives that the company is using both long term
and short term goals towards gaining competitive advantage. To
carry out these operations tactics in a proper manner the
involvement of the management is critical. The company has a
department that is working to ensure their products are
enhanced to provide innovative products to the customers. The
company marketing department acts as a bridge between them
and their customers as the marketing team is responsible for
looking for more new customers. The company’s finance
departments take all the foundation costs. The company should
be fully committed to ensure that they offer several products.
The objectives of the company are being communicated in the
best effective way to all stakeholders. It should have a special

task force that is charged with the responsibility of ensuring the
success of the company objectives ("ERP
Solution
s | JD Edwards ERP Consulting Services Case Study," 2016).
Action Items
Tutor Perini Company is customer focused. It is looking for
both methods and ways of creating good relationships with their
customers. As a result, most preferences are given to their
customers alongside their desires. The company makes
strategies accordingly alongside providing all the necessary
resources to their employees to ensure they work in a manner
that is successful and organized. Similarly, the company is
empowering the personnel towards making their own decisions.
The company should develop advanced and innovative products
so that it can gain a competitive advantage in the market. The
marketing department should be acting as a bridge alongside
communicating all information that is valuable to the relevant
market which should be inclusive of the customer feedback. The
company should employ effective product differentiation,
market research alongside product development to ensure it
develops unique products and product diversification. More, the
company should put more investment in the new technology
alongside personnel and social capital (Floyd & Wolf, 2016,

p. 4).
Milestone and Deadline
The company should ensure that it has developed struct
deadlines and milestones towards attaining diversification of its
products fully alongside capturing the potential markets.
Diversification of the products of the company is long-term
goals which are too be achieved in various phases. In 7 years,
the company should have fully ensured the diversification of its
products. It should ensure that within ten years, it has
developed its customer base six times. The company should
come up with its target annually to quicken the achievement of
its objectives. The company should ensure that the evaluation of
the success of the annual goals is done at the end of the year. As
a result of the yearly target that should make the company
allocate the required personnel and resources towards achieving
product diversification. The company’s annual cumulative
success of its goal should drive it towards achieving the seven
years objectives of reaching new markets and product
diversification (Floyd & Wolf, 2016, p. 3).
Task and Task Ownership
The company came up with the idea of task ownership to
motivate its employees towards increasing their morale. In this
regard, an employee has a right of taking their own decisions.
The company has contractors working towards ensuring success.
Every employee should be working in support of the objectives

of the company. It is critical for the company to define
responsibilities, duties, and tasks towards realizing its goals.
Every task force should have management and coordination who
report to the top executives. It also needs to have legal counsel
to ensure the achievement of objects of the company is not
stopped when it gets involved in the unacceptable action. The
sales team of the company should be responsible for marketing
and selling the company's products. Similarly, task force team
coordinators should work with the company executive closely
towards ensuring that the process of implementation is as per
the strategic plan ("Tutor Perini SWOT Analysis Matrix [step
by step] Weighted SWOT," n.d.).
Resource Allocation
It is critical to ensure that all the personnel within the company
have been given the necessary tools and resources to carry out
their duties effectively and efficiently. The management of the
company should ensure that all resources are allocated to every
employe properly. The company should ensure that the control
over all the materials is under a single department. The
company's marketing team should be adequately funded to carry
out crucial functions such as campaigns, banners, printing and
so on. The coordinators of the task force should be
appropriately equipped with the necessary facilities to ensure
they conduct all stakeholders proficiently. Moreover, it should
ensure that it is providing its customers with free samples

towards inducing them into the new products. It should also
ensure that it has the necessary resources to fight any inhibitory
factors in the realization of its objectives (Ansoff, Kipley,
Lewis, Helm-Stevens, & Ansoff, 2018, p. 50).
Organization Change Management Strategies
The company should ensure that it is aware of the current
demand among its customers. It should be a development
management strategy that is reducing the time taken to deliver
to the annual targets of the company. It can reduce the time it
takes to achieve its yearly goal through periodically training of
its task force. The management should ensure team management
and the right employees in the task force alongside ensuring
effectiveness in the cross-business corporation. The company
should provide that it is celebrating its success alongside
rewarding the employees who have well to motivate its
personnel. Both the leadership and management of the company
should deploy resources that are necessary for supporting its
objectives (Floyd & Wolf, 2016, p. 4).
Budget and Forecasts
The competitive advantage of the company would significantly
influence the success of this objective. The competitive
advantage of the company is ensuring that it has the necessary

resources and facilities towards ensuring its product
diversification. The company is working with several
contractors alongside being one of the best construction
companies which enable it to do adequate research. The
employees of the company are well trained and equipped and
are using the current technology to ensure that the objectives of
the company are achieved. For seven years, the purposes are
estimated to cost $100 million to be fully realized.
The company has a yearly target of 14 million ensuring that it
researches the market properly with proper coordination and
innovation alongside active development of the product. The
revenue of the company is estimated at $10 billion annually
which should increases to $11 billion when the company
reaches out to new markets. Achievement of all the revenues
can be realized depending on how first the company reaches out
to the potential markets. The company should check its
financial resources before implementing new plans, and it
should have a vast network of retailers ("Tutor Perini Deploys
Cisco's Unified Computing System for Data Center
Consolidation," n.d.).
Risk Management Plan and Contingency Plan
The main risks that are associated with the diversification of
the company products are the damage to the brand of the
company alongside stress in its operations. It should, therefore,
ensure that it improves on its management towards catering for

its products to avoid pressure on the existing company
management. The company should ensure that it maintains its
brands as it continues to diversify. It should also provide in its
main contingency plan that the existing product is not affected
in the pursuance of the company objectives ("Tutor Perini
Reports Third Quarter 2018 Results," 2018).
In conclusion, it is crucial for any organization to carry out all
its plans and strategies properly in a manner that is orderly so
as ato achieve growth and development. The company will be
able to gain a competitive advantage as well as short term goals.
One of the most useful tools in judging the progress of the
company is feedback from the customers (Floyd & Wolf, 2016,
p. 4).

References
Ansoff, H. I., Kipley, D., Lewis, A. O., Helm-Stevens, R., &
Ansoff, R. (2018). From Strategic Planning to Strategic
Management. Implanting Strategic Management, 41-52.
ERP

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