Explain the basic concept of strategic business planning and how it would help improve performance at Lawrence since they had never engaged in any type of planning beyond basic financial forecasting.
2. She specifically asks you what her role would be in the planning…
3. The Vice President of Information Technology also wanted to know what types of external and internal information would be required to develop the business plans, and how they would obtain this information. He wanted to know what types of analytical tools, methodologies and skills they would need to generate and analyze this information.
5. Finally, the CEO stated emphatically that she did not have the time to spare or the resources to devote to writing business plans that would only “gather dust on the shelves.” She asks you how you would ensure that the plans were implemented effectively.
The basic concept of a strategic business plan is to determine the major goals within our organization. In doing this, it is important that we are careful to observe company policies and develop the strategies to gain the needed resources to produce successful plans and objectives in achieving new company goals. The use of a strategic business plan will help the company by providing a foundation to organize Lawrence’s current procedures and policies. The new strategies we implement should then show us how to develop ideas in planning how to effectively use those resources that we already have. In turn we should be able to use the current company policies as references to move us in the direction in which we need to be going.
The unique challenge in this issue seems to come with a focus on a need to improve performance. While strategic planning, we will determine exactly which of the six products is producing the best numbers and where in nation the bulk of our profits are streaming from. In these specific areas we will continue to thrive by not only exceeding our customer’s needs but exceeding their expectations as well. Proper planning will also help us to further understand why the company has been failing to meet its market share goals. Certain cost can be reduced ...
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