Preview

Business Policy & Strategy

Good Essays
Open Document
Open Document
566 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Policy & Strategy
Explain your company and its business
My company is a wellness business. We are into the business as a result of the need for an alternative medicine. We use touch and other therapeutics technique to effect changes in the body for relaxations and healing. What is your company’s strategic intent?
The company’s strategic intent is management action plan for competing successfully and operating profitably based on an integrated array of considered choices like action to gain sales and market share with lower prizes based on lower costs, actions to capture emerging market opportunities, and so on
What are your company’s financial objectives?
Financial objectives of my company, relates to the financial performance targets, that management has establish for the company as follows.
• Target to increase annual revenue
• Target to increase after tax profit
• Target to increase bond and credit rating
• Target to have internal cash flow to fund new capital investment.
• Target to increase profit margin.
What are your company’s strategic objectives?
Our company’s strategic of objectives includes.
• Achieving lower overall cost than rivals.
• Overtaking key competitors on products performance or quality customer service.
• Having broader or deeper technological capabilities than rivals.
• Having a wide products line than rivals.
• Having a better known or more powerful brand name than rivals.
• Having stronger national or global sales and distribution capabilities than rivals.
• Consistently getting new or improved products to markets ahead of rivals.
• We mean a good percentage of market share. What are the three or four key elements of your company’s strategy?
Four of my company’s key strategies are:
• How to outcompete rivals.
• How to respond to changing economic and markets conditions and capitalize on growth opportunities.
• How to manage each functional piece of the business for example, R&D, supply chain activities, production, sales and

You May Also Find These Documents Helpful

  • Good Essays

    BUSS3 notes

    • 7318 Words
    • 30 Pages

    Financial Objectives: the specific, focused targets of the finance and accounting department within an organisation.…

    • 7318 Words
    • 30 Pages
    Good Essays
  • Good Essays

    Business Policy

    • 1015 Words
    • 5 Pages

    |[pic] |does not apply to CPAs who hold positions below the rank of partner, manager, or senior in a national CPA firm. |…

    • 1015 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Business Strategy

    • 3166 Words
    • 13 Pages

    finding effective and efficient ways to strengthen the company’s competitive assets and to reduce its competitive liabilities.…

    • 3166 Words
    • 13 Pages
    Good Essays
  • Good Essays

    Business: Strategic Planning

    • 3152 Words
    • 13 Pages

    Diversity is a core value throughout every area of our company. It 's integral to how we select our merchandise, design our stores, build our team and welcome our guests.…

    • 3152 Words
    • 13 Pages
    Good Essays
  • Powerful Essays

    Business Strategy

    • 4891 Words
    • 20 Pages

    Strategic Management, what is this? It is that set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning, strategy formulation and implementation, and evolution and control. The study of Strategic Management helps us to monitoring and evaluating the opportunities and threats of a company’s strengths and weaknesses.…

    • 4891 Words
    • 20 Pages
    Powerful Essays
  • Satisfactory Essays

    Strategic Intent

    • 672 Words
    • 3 Pages

    Strategic Intent is a breakthrough concept in the field of Strategic Management. It has strongly influenced how strategy is defined, and is responsible for main changes in the…

    • 672 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Tuna Manufacturing

    • 1411 Words
    • 6 Pages

    Wal-Mart Stores Inc. is the largest retail company in the United States and has been ranked number one by Fortune Magazine. Wal-Mart has four parts to their corporate strategy.…

    • 1411 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Strategic goals are major targets or end results that relate to the long term survival, value, and growth of the company. Strategic objectives are defined to direct the decisions and the actions of an organization. There are different levels of strategic objectives including functional strategies, competitive strategies, and corporate strategies (Coulter, 2005).…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    It has been seven years since.W. Chan Kim and Renée Mauborgne came out with a book called The Blue Ocean Strategy. .In the Philippines, it is still relatively new. It is rather odd that a few companies have invested in adopting a strategy that would allow them to get out of.a situation where many businesses [...]…

    • 683 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Business Policy

    • 270 Words
    • 2 Pages

    Adidas has a Global Presence with over 2400 stores worldwide in a variety of regions. These alone account for nearly €2.8bil.…

    • 270 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Beweries Market

    • 960 Words
    • 4 Pages

     Government European are strongly against drunken driving. (-) P  Economic crisis in Europe (-)  Pub (retailer) are closing assively in Uk (and Europe) (-)  Rate Beer consummation per capita decrease but varies widely between countries  Development of BRIC and US market (+) E Economy…

    • 960 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Policy

    • 4855 Words
    • 20 Pages

    * Derive from and conform to policies but are more tactical, specific, concrete, and detailed than policies. It serves as a management control mechanism by standardizing daily operations to ensure consistent processing of recurrent tasks. It specifies how recurring tasks are to be executed and enumerate both the steps and sequence to be followed.…

    • 4855 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Business Policy

    • 2643 Words
    • 11 Pages

    Deliberate and emergent strategies together identify intention of action in a corporation. Any business may fall under either deliberate or emergent strategy in the basis of daily operations. However, these strategies more likely occur in large business operations. Both strategies address a focus on the content of strategy. Such content includes initiatives, choices and policies or…

    • 2643 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    Business Policy

    • 345 Words
    • 2 Pages

    Many business owners have a difficult time making their business productive both in the operations and in managing their employees. Making decisions efficiently aids in making your office/ and or business more productive. The definition of a good employee has changed drastically in the last 5 years. It went from being defined as the individual who comes to the office on weekends, works long hours and always appear to be grinding away. In reality the worker who is not working more but is accomplishing more is the one to hire and to keep. Most of the times perfection can be the destruction to efficiency. Moving a project forward can be way more important than polishing the idea waiting for perfection. A tool used to give your employees productivity is called ABC buckets. You create three buckets. First is bucket A which are tasks that have to be done right now. These tasks are essential to your business. An example would be a customer service issue. In bucket B tasks don’t have to be done perfectly but should probably get done. This consists of tasks that are noticeable when avoided. An example would be your logo on your invoice. In bucket C tasks are placed here that are on the forgotten list. This list helps you decide what’s important because when running a small business with few employees you must make choices. This article impacts my business in a very powerful way. Since I’m involved in the restaurant industry there is no room for inefficiency. A lot of tasks are put for the managers to do but many times fail to be implemented on. I will actually implement this tool of ABC buckets so change can be enforced quicker and create an efficient workplace. Once our employees see that we are taking steps towards becoming more efficient and productive naturally they will follow. This is a good productivity system that can be put in place alongside the other systems…

    • 345 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business Policy

    • 283 Words
    • 2 Pages

    Managers need to ask: what are we about? What is our mission? How do we accomplish our goals? What are our values? And managers need to begin with the end in mind.…

    • 283 Words
    • 2 Pages
    Satisfactory Essays