StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

BUS475 Final Strategic Plan and Presentation - Essay Example

Cite this document
Summary
Regardless of the business type established; it is pertinent to appreciate the two fundamental components of strategic planning, i.e. long-term objectives and the all-inclusive strategy.These objectives and strategies help management to predefine organizational objectives…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
BUS475 Final Strategic Plan and Presentation
Read Text Preview

Extract of sample "BUS475 Final Strategic Plan and Presentation"

Download file to see previous pages

Regardless of the business type established; it is pertinent to appreciate the two fundamental components of strategic planning, i.e. long-term objectives and the all-inclusive strategy.These objectives and strategies help management to predefine organizational objectives. Long-term objectives refer to results the organization seeks to attain over a certain period, for instance, a five-year period. Grand strategies, on the other hand, are the thorough approaches that guide organizational actions aimed at meeting the long-term objectives The establishment of these objectives and targets centers on the firm’s mission, values and vision.

Some notable strategies that enable the achievement of HBR’s goals and managing the changing environment include the following: Financial Strategies The spa’s main objective is to become the preferential spa where customers go to enhance their natural beauty. HBR also aims at increasing its market share by at least 9-12% in the next two years while also operating on high revenue and low costs. HBR will establish tactics to provide a balance between its income and expenditure. HRB will base its calculation of the preferred profits on the evaluation of desire and price percentiles of profit.

HBR will use the strategy of return on investment to maximize the use of financial resources and reduce expenses efficiently. Technology Strategies In keeping up with modern technologies, the spa will achieve its objectives in an effectual manner. The firm will continually upgrade and appreciate the latest software information technologies that have immense impacts of the beauty industry. These technologies will help HBR to share accurate and timely information with all stakeholders. Some vital information technologies, which HBR will have, include intranet networking, the Internet, e-mail, fax, telephones and mobile phones.

IT strategies ensure HBR provides services to its clients throughout the day. Technologically, the spa will position itself strategically by having the latest online reservation and payment services for busy professionals (Wilson & Gilligan, 2005). Marketing Strategies HBR’s marketing objective is to generate awareness of the spa and cater for persons with the desire to be pampered and rejuvenate their innate beauty. HBR aims at offering the best possible beauty experiences to its customers to ensure high referrals.

HBR intends to be a magnet for both middle and high income earners by providing tailored packages to suit their demands and financial abilities (Hitt, Ireland & Hoskisson, 2008). These individuals may opt for the complete beauty package that includes a full seaweed body scrub, facial, manicure, pedicure and makeup application or one or two of these services. Irrespective of the package clients choose; HBR will offer its clients the best possible services with the utmost professionalism. HBR will use promotional programs such as gift cards at subsidized rates, advertising, especially in social media sites and malls, online marketing and print and electronic media.

The firm will also offer complimentary facials to all new clients to retain them for the long term. Monitoring and Controlling In HBR, the implementation of strategic plans is extremely vital since control and monitoring are essential to the accuracy of the strategic implementation plan. Some crucial monitoring and controlling tools include the following: 1. Development Behavioral Control System is crucial to the exemplary performance of HBR’s strategic plan. HBR will monitor its operating procedure, standards, rules and regulations.

HBR will control the implementation of policies guarding ethical and legal frameworks and human resources. This control program is viable in ascertaining the relation between the activities of HBR and the outcomes (Wilson & Gilligan, 2005). 2. Development of a quality control system is also an effective monitoring and

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“BUS475 Final Strategic Plan and Presentation Essay”, n.d.)
BUS475 Final Strategic Plan and Presentation Essay. Retrieved from https://studentshare.org/business/1457040-bus475-final-strategic-plan-and-presentation
(BUS475 Final Strategic Plan and Presentation Essay)
BUS475 Final Strategic Plan and Presentation Essay. https://studentshare.org/business/1457040-bus475-final-strategic-plan-and-presentation.
“BUS475 Final Strategic Plan and Presentation Essay”, n.d. https://studentshare.org/business/1457040-bus475-final-strategic-plan-and-presentation.
  • Cited: 0 times

CHECK THESE SAMPLES OF BUS475 Final Strategic Plan and Presentation

Biotic Interactions in Plant Communities presentation

Biotic Interactions in Plant Communities presentation Name Tutor Institution Course Date Introduction: Biotic interaction and Rates of exploitation and data Deforestation is the cutting down of trees.... It is a state that can be controlled through planting two or more trees where one has been cut....
3 Pages (750 words) Speech or Presentation

Lesson Plan Analysis with presentation

Lesson plan analysis with presentation Name: Institution: The sample lesson plan under analysis is a Math lesson plan designed for 1st grade students between the ages of 6 and 7years.... hellip; Discussed below is an analysis of whether the lesson plan's construction was at a level developmentally appropriate for the target students, whether the organization of concepts in the lesson plan fosters long-term retention, and whether the lesson plan is consistent with research on human development and learning....
3 Pages (750 words) Speech or Presentation

Professional communication Speech/Presentation

We kindly ask you to understand our situation that despite our wishes we have constrains regarding the number of workers employed in the Moline plan.... It's a sad day for the company because our Board of Directors has decided to close the Plant in Normal.... We have to phase out activities in Normal because of the decrease in company profits that was partially caused by economically insufficient manufacturing operations into Normal plant....
2 Pages (500 words) Speech or Presentation

Strategic IT Plan: The Walgreens Company

The direct benefits include: enhanced public health, healthcare… It is vitally important that Walgreens Company pharmacies have a system of connectivity and a strategic vision for the implementation of information technology Health Information Technology is a core pillar of the healthcare system....
10 Pages (2500 words) PowerPoint Presentation

Integrated management final presentation on MTV

The music industry consists of musicians, record labels, stores, cable TV networks, advertising agencies, and companies that record, advertise and sell music.... Prior to 1999, it was commonplace for music to be sold on physical media.... At present, individual digital music tracks… At this juncture it should be noted that there are several illegal file sharing systems, and these cause substantial revenue loss to the music industry (Music Industry)....
25 Pages (6250 words) PowerPoint Presentation

Strategic Management: Presentation on Manchester United

Initially, the club was known as Newton Health LYR football club and it not until 1902 that its name was changed to Manchester United Football Club.... The club has its home ground in Old… Tragedy struck the Club in 1958 when as the result of a fatal air crash eight players of the team lost their lives (Manchester United 1988)....
15 Pages (3750 words) PowerPoint Presentation

THE FINAL BUSINESS IDEA PLAN

Remember that this is NOT a traditional business… This is a business IDEA plan, so when you are presenting this to professional it is just to get feedback on if this is a viable business idea to explore further!... Here is what I am looking to be submitted this week: Students will produce a mini business plan.... This is a ized plan is your opportunity to take the weekly assignments and improve them based on the feedback you have received from the instructor and from your classmates from previous weeks....
3 Pages (750 words) PowerPoint Presentation

Imaging Informatics Presentation

The paper "Imaging Informatics presentation" discusses that we recommended the Agfa IMPAX 6 over the Fuji Synapse because of its numerous and extra features (such as in print management, storage, syntax transfer, and so on) that greatly improve the efficiency of work.... These include such things as the presence of advanced/ useful features, maintenance/ replacement costs, costs of operations and the convenience/ ease of use, and so on, as we will see in the consequent sections of this presentation- The Agfa boasts over 20 years of existence and successful management and is regarded as the benchmark of a complete integrated system and the number one choice for most healthcare centres (Agfa Healthcare, 2012)- Along the same vein, the Agfa IMPAX 6 offers integration of the teaching files into the PACS (Agfa Healthcare, 2010) whereas the Fuji Synapse, which has no separate components for teaching documents, uses the feature of the AON to realise this function (Fujifilm, 2013)- According to the Agfa (2005) and the Fujifilm (2012), both the Agfa IMPAX 6 and the Synapse have storage for computed radiography, CT images, retired and new ultrasound multi-frame images, MR images, retired and new nuclear medicine images, retired and new ultrasound images, secondary capture images, x-ray angiographic images, x-ray radio fluoroscopic images, retired x-ray angiographic bi-plane images, digital x-ray images, digital mammography x-rays, digital intra-oral x-ray images, positron emission tomography images, visible light endoscopic/ microscopic/ photographic/ slide coordinates microscopic images, basic texts, greyscale and colour softcopy, radiation therapy dose/ structure set/ beam treatment record/ plan/ brachy treatment/ image and radiation therapy treatment summary record...
5 Pages (1250 words) PowerPoint Presentation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us