Scenario Referencing the scenario provided in Assessment 1, and following the guidance provided by the Strategic consultant, Maria and her team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Maria is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. For this assessment, your group is to assume the role of Maria and her team. In doing so, you are expected to complete the following: You are required to prepare a business implementation plan for your proposed business to include the following: 2. Financial(• Growth in revenues1. Growth in earnings2. Higher dividends3. Bigger profit margins4. Higher returns on invested capital5. Attractive economics value added (EVA) performance6. Strong bond and credit ratings7. Bigger cash flows8. A rising stock price9. Attractive and sustainale increases in market value added(MVA)10. Recognition as a “blue-chip” company11. A more diversified revenue base12. Stable earnings during periods of recession ) and Strategic Objectives( A bigger market share2. Quicker design-to-market times than rivals (an ability to getnewly developed products to market quicker)3. Higher product quality than rivals4. Lower costs relative to key competitors5. Broader or more attractive product line than rivals6. Better e-commerce and internet sales capabilities than rivals7. Superior on-time delivery8. A stronger brand name than rials9. Superior customer service compared to rivals10. Stronger global distribution and sales capabilities than rivals11. Recognition as a leader in technology and/or productinnovation12. Wider geographic coverage than rivals13. Higher levels of customer satisfaction than rivals) o Compose three financial objectives and three strategic objectives for the business.
Scenario Referencing the scenario provided in Assessment 1, and following the guidance provided by the Strategic consultant, Maria and her team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Maria is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. For this assessment, your group is to assume the role of Maria and her team. In doing so, you are expected to complete the following: You are required to prepare a business implementation plan for your proposed business to include the following:
2. Financial(• Growth in revenues
1. Growth in earnings
2. Higher dividends
3. Bigger profit margins
4. Higher
5. Attractive economics value added (EVA) performance
6. Strong bond and credit ratings
7. Bigger cash flows
8. A rising stock price
9. Attractive and sustainale increases in market value added
(MVA)
10. Recognition as a “blue-chip” company
11. A more diversified revenue base
12. Stable earnings during periods of recession
) and Strategic Objectives( A bigger market share
2. Quicker design-to-market times than rivals (an ability to get
newly developed products to market quicker)
3. Higher product quality than rivals
4. Lower costs relative to key competitors
5. Broader or more attractive product line than rivals
6. Better e-commerce and internet sales capabilities than rivals
7. Superior on-time delivery
8. A stronger brand name than rials
9. Superior customer service compared to rivals
10. Stronger global distribution and sales capabilities than rivals
11. Recognition as a leader in technology and/or product
innovation
12. Wider geographic coverage than rivals
13. Higher levels of customer satisfaction than rivals) o Compose three financial objectives and three strategic objectives for the business.
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