example of strategic plan in business
1. example of strategic plan in business
Example of strategic plan in business
AnswerObjectives include baseline performance, targeted performance, and an established date for achieving the objective. Any example of a strategic plan must include objectives, as they are the foundation for planning. In this example, our objective is to increase client satisfaction from 82% to 90% by December 31st.#BRAINLY.PH2. The difference between the following: 1.Start up business plan 2. Internal Business plan 3. Strategic Business plan 4. Feasibility business plan 5. Operation business plan 6. Growth business plan
Answer:
1.Start up business plan
startup businesses draft a business plan for three specific reasons: to articulate their vision for the business, to document how they plan to solve key challenges, and to pitch their business idea to potential investors.
2. Internal Business plan
This document will describe the company's current state, including operational costs and profitability, then calculate if and how the business will repay any capital needed for the project. Internal plans provide information about project marketing, hiring and tech costs.
3. Strategic Business plan
A strategic plan for a business will include the company's mission and vision statement, as well as its goals and objectives and the action plans to achieve them. ... A strategic plan outlines the strategy for growth and success in the future by using existing resources.
4. Feasibility business plan
A feasibility business plan is a study conducted prior to initiating a business plan. Whether you're an established business launching a new product or an individual with a new idea, a feasibility plan is that part of a business plan that will help you and your investors determine if your idea will thrive.
5. Operation business plan
Operational planning is the process of planning strategic goals and objectives to technical goals and objectives.
6. Growth business plan
Business growth plans are short-term outlines for where a company sees itself in the next one to two years. ... A business growth plan is beneficial to a company as a whole, but the main purpose is to write it with investors in mind. Investors want an outline of how your company plans to build sales in the coming months.
3. Imagine you own a business, formulate at least one plan for strategic plan, tactical plan and operational plan
Answer:
Strategic plan: a photo plates restaurant located in the heart of puerto princesa city a well south post by locate and foreigners is serving seafood and other palawan delicacies
Tactical plan: due to the lockdown caused by the covid-19 pandemic they are forced to close for 40 days at the government allowed
Operational plan: plate decided to go back to their business provided that it will be only accept 50% capacity for dine in, it resulted to a lower sales and profit for the next 2 weeks
Explanation:
Pa BRAINLIEST na lng Po need Po kASI eiii salamt!
4. Should non-profit organizations disclose their strategic plans on their websites? What about businesses?
Answer:
Welcome to Gboard clipboard, any text you copy will be saved here.
5. 3) Why strategic plannings is important in achieving the purpose of business organizations?
Answer:
Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals. Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward.
6. Define, compare and contrast: short business plan vs comprehensive plan
Answer:
hahah Ewan vaudskgcaags
Explanation:
ahagahahdkvavakvs7. Use the Internet and search for entrepreneurs in the tourism/hospitality sector who used feasibility studies, business plans, and strategic management plans for their business.
Answer:
hotdogs are made out of hot dogs
Explanation:
dont eat hotdogs cause dogs are very important, its hot when you bite it in the bottom so when u eat hotdogs dont bite it on top, thank u
8. Do you know small business that have strategic planning? Is it effective in their business? Why or Why not?pasagot Po
Answer:
It is Effective
Explanation:
Because,growing a business means taking many decisions about the way you want to expand your operations. Creating a strategic plan is a key component of planning for growth. It will help you prepare a realistic vision for the future of your business and in doing so can maximise your business' potential for growth.
9. a comprehensive paper that details the marketing human resources financial strategic directions and tactics of the business is blank a. lesson plan b. development plan c. layout planning d. business plan
Answer:
d. business plan
Explanation:
A business plan is a comprehensive document that outlines the marketing, human resources, financial, and strategic directions and tactics of a business. It serves as a roadmap for the company, providing a clear understanding of the company's goals, strategies, and how it plans to achieve them.
The marketing section of the business plan outlines the company's target market, competition, and marketing strategies. It includes information on the company's product or service, pricing, promotion, and distribution.
The human resources section details the company's organizational structure, staffing needs, training and development programs, and compensation and benefits plans.
The financial section provides information on the company's financial projections, including revenue, expenses, and cash flow. It includes a detailed analysis of the company's financial statements, such as balance sheets, income statements, and cash flow statements.
The strategic direction and tactics section outlines the company's overall strategy and how it plans to achieve its goals. It includes information on the company's mission, vision, and values, as well as its long-term and short-term objectives. This section also outlines the specific tactics the company will use to achieve its goals, such as partnerships, acquisitions, or new product development.
Overall, a business plan is a critical document that helps companies plan, execute, and monitor their operations, ensuring they stay on track to achieve their goals.
10. I: True or False: Write Strategic if the statement is correct and Planning if it is wrong. 1. Companies conduct strategic planning where they define the desired goals of the company in the long run. 2. Strategic planning requires business forecasting and foreseeing what the future may bring for the organization. 3. The purpose of strategic planning is to find ways in which the company can best use its strengths to take advantage of attractive opportunities in the environment.4. Many companies operate with formal plans. 5. Strategic planning involves defining a clear company mission and other activities.
Answer:
1. true
2. false
3.false
4. true
5. true
11. 1. What is planning? Why planning your business important? 2. What are the steps in strategic planning?
Answer:
Planning is the act or process of making or carrying out plans specifically : the establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
Planning is important in doing business because without plan it will not work well.
There are three major types of planning, which include operational, tactical and strategic planning
12. Prepare a strategic plan for your proposed business indicating the components of a business strategy VISIONS AND BUSINESS OBJECTIVES
Answer:
strengths:Make a plan where your structure for business is built good.
Weaknesses: If you're going to build some business near the shore then many vendors will expected there.
Opportunities:Think what would be the products that has high profit and can sold out easily.Define on the situation.
Threats:Maybe other vendors has a business minded like you.Other vendors are good at selling because they entertain their consumers.
13. MULTIPLE CHOICE: Choose the letter of the best answer. 1. It is shaped by your business strategy, your marketing strategy 15 your marketing efforts will help you achieve your company's mission and strategic effective marketing plan. goals. Once you have your strategy, only then will you be able to develop an a. Marketing Strategy b. Marketing Plan c. Strategic Planning d. Planning 2. Driven by your strategy, your marketing plan is the execution; the roadmap af tactical marketing efforts that help you achieve your marketing goals. Your plan is your detailed campaign of what you will do, where you will do it, when you will implement, and how you will track success. a. Marketing Strategy b. Marketing Plan c. Strategic Planning d. Planning 3. is a broad process that can address the entire business, or a portion of the business such as marketing while Marketing planning? a. Marketing Strategy b. Marketing Plan c. Strategic Planning d. Planning 4. The strategic plan involves adapting the firm to take advantage of opportunities in its constantly changing environment. It is the process of developing and maintaining a strategic fit between the organization's goals and capabilities and its changing marketing opportunities. a. Marketing Strategy b. Marketing Plan c. Strategic Planning d. None of the above 5. is the process of predicting future events and conditions and of determining the best way to attain the goals and objectives of the organization? a. Marketing Strategy b. Marketing Plan c. Strategic Planning d. Planning
Answer:
1.b 2.a 3.c 4.d 5.a
Hope its help
14. define, compare and contrast Short business plan VS comprehensive planreport magloko loko:<
Answer:
A business plan is about setting short- or mid-term goals and defining the steps necessary to achieve them. A strategic plan is typically focused on a business' mid- to long-term goals and explains the basic strategies for achieving them.
Explanation:
correct me if im wrong
15. Strategic Planning at a Local company Purpose This activity is aimed at giving you practical knowledge about how organizations in your city or town are doing strategic planning. This exercise also will give you experience in interacting on a professional basis with local business leaders. Instructions Step 1 Contact several business owners or top managers. Find an organization that does strategic planning. Make an appointment to visit with the strategist (president, chief executive officer,or owner) of that business. Step 2 Seek answers to the following questions during the interview: • Does your firm formally conduct strategic planning? If no, why not? If yes, who is involved in the process? Does the firm hold planning retreats? If yes, how often and where? • Does your firm have a written mission statement? How was the statement developed? When was the statement last changed? • What are the benefits of engaging in strategic planning? • What are the major costs or problems in doing strategic planning in your business? • Do you anticipate making any changes in the strategic-planning process at your company? If yes, please explain
Answer:
yes,
Explanation:
because Strategic planning is a systematic process for developing an organization's direction. It also articulates the objectives and actions required to achieve that future vision, and outlines metrics for measuring success.
Answer:
Step 1: Determine Organizational Readiness
Set up Your Planning Process for Success – Questions to Ask:
Are the conditions and criteria for successful planning in place at the current time? Can certain pitfalls be avoided?
Is this the appropriate time for your organization to initiate a planning process? Yes or no? If no, where do you go from here?
Step 2: Develop Your Team & Schedule
Who is going to be on your strategic planning team? You need to choose someone to oversee the implementation (Chief Strategy Officer or Strategy Director) and then you need some of the key individuals and decision makers for this team. It should be a small group of approximately 12-15 persons.
Step 3: Collect Current Data
Collect the following information on your organization:
The last strategic plan, even if it is not current
Mission statement, vision statement, values statement
Business plan
Financial records for the last few years
Marketing plan
Other information, such as last year’s SWOT, sales figures and projections
Step 4:Review collected data:
Review the data collected in the last action with your strategy director and facilitator.
What trends do you see?
Are there areas of obvious weakness or strengths?
Have you been following a plan or have you just been going along with the market?
Conclusion:
process of strategic planning pyramid
A strategic plan needs to be adaptive to survive changing or unanticipated conditions. An organization that develops and executes a strategic plan gains significantly from the experience, and starting with a working model and then building a tangible plan can be more successful for your organization than having no plan at all. Over the life of your strategic plan, you may discover that some of the underlying assumptions of your strategy are flawed or incomplete. Often your organization’s mission and vision may remain the same while your objectives and goals will need to be revised or updated. When this happens, you will need to either adapt your strategy or begin the process over again. But don’t let it be a pitfall for you. Some organizations can maintain a strategic plan for a year or longer, while others have to respond to market changes more frequently. Whatever your situation, just be prepared to let go and switch strategies as necessary. Corrective action needs to be taken quickly to compensate for the dynamic business environment most organizations operate within.
Explanation:
i hope it helps
16. A plan that establishes an organization’s overall long-term goals. It is basically a road map one creates for his/her business for the next three or five years. * Planning Strategic Plan Operational Plan Standing Plan
Answer:
Planning is the process of thinking about the activities required to achieve a desired goal. It is the first and foremost activity to achieve desired results. It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills.
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It is here that priorities are set. It may also extend to control mechanisms for guiding the implementation of the strategy.
Operational planning is the process of planning strategic goals and objectives to technical goals and objectives
Standing plans are plans designed to be used again and again. Examples include policies, procedures, and regulations. The advantage of standing plans is that they foster unity and fairness within an organization and help to support stated organizational values.
Explanation:
I I HOPE NAKATULONG
17. Why do small businesses ignore strategic planning?
Answer:
I don't now
Explanation:
bexouas market is so not allow the other bussnises
18. Why do we need to strategize or plan for our hotel business?
Answer:
The importance of strategic planning at all levels is twofold: first it puts a stake in the ground in terms of what the hotel is hoping to achieve and second, it serves as a guide for employees to direct their activities and resources (time and money) toward goals and objectives that have been considered
19. Why is strategic planning important in pursuing business in bread and pastry?
Answer:
Strategic Planning
Explanation:
Helps your business to improve and improvements means having a great amount of costumers to pursue. It's also a thing to plan a head of time to know what the customers like and dislike so that in the ebd you can have a better way of succeding.
20. what will happen if strategic planning is not a applied in some food business? ASAP PLSSSS THANKS ❤️
They may lose valuable lead time and momentum to combat them when they do occur.
21. Differentiate marketing plan vs business plan. Provide concrete description of your response.
Answer:
botboybotbot na that the answer is
22. what are the tactical and strategic plan in food business?-pasgot po pls.
Answer:
Where is the kiaw found?
Answer:
sory po yan din po hinahanap ko po pasensya na po
23. 1. Why few business operator ignore Strategic Planning?
Answer:
1. Lack of expertise few small business operators are trained in strategic planning.
2. Uncontrollable, often intangible, variables these variables complicate planning which later on discourages the small business operator from repeating the exercise.
24. Difference between information system strategic plan and communication system strategic plan
Answer:
People also ask
What is information system strategic plan?
The purpose of strategic planning for information systems (spis) is to provide a systematic process for developing a long-range plan for information systems on the basis of the organization's overall strategic plan. ... The technical aspect emphasizes the necessity of planning for information systems architecture
25. make a simple business plan in the family using strategic planning, goal and tactical marketing
First I will need a paper or a notebook to list the chores the my family and me to do if we forget it we will see it in our list.#CarryOnLearning
26. Which is said to be the blue print of activities in the business on what to be done and when it is to be done?A. Corporate PlanningB. Divisional PlanningC. Functional/Unit PlanningD. Strategic Planning
Answer:
A po ang tang sagot salamat po
BRAINLIEST FIRST...THE ANSWER IS D
27. Activity 2.What is strategic planning? Is it applicable to small business?
Strategic planning is the process of documenting and establishing a direction of your small business—by assessing both where you are and where you're going. The strategic plan gives you a place to record your mission, vision, and values, as well as your long-term goals and the action plans you'll use to reach them.
28. 1. It is also called an annual plan, focuses on mapping out the day to day operational activities a business needs tocomplete to achieve tactical goals and is part of strategic planning.a. Start-up Planc. Strategic Planb. Feasibility Pland. Operations Plan
Answer:
I think letter c ..
Explanation:
I'm not sure
29. 1. What do you call a written report outlining your business strategy and adescription of the future of your business?A. Operational PlanB. Financial PlanC. Business PlanD. Strategic Planare a guiding principle for it to succeed and
Answer:
Business plan po tma po talaga yan
Answer:
C.
Explanation:
A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals.
30. define compare and contrast short business plan vs comprehensive?
Answer:
Annual Growth Plan
A Financial Plan – which is a budget projected out by month for the next 12 months. You will want to project your income and your expenses for each month. ...
A Marketing Plan – which is what drives your Financial Plan. ...
An Operations Plan – which takes into account the 7 basic processes in every business.
idea kolang po hehe
