Able Corporation Effective Strategy Design
Essay Preview: Able Corporation Effective Strategy Design
Report this essay
Introduction
This paper will show how Able constructed an effective strategy design component along with the finding strength and weakness. How legal and ethical issues play a role in the process and effective communication techniques.
Defining the identity/ Mission Statement
Able Corporations identity entails a successful manufacturing company producing power tools, lawn mowers, lawn furniture, microwaves, and ranges that are made in the US with large distributers such as Sears, Best Buy, and Wal-Mart selling at reasonable prices. This information can be found by indentifying their competition along with having an understanding of power tools and lawn furniture (McMillan, 2004).
Their mission statement should speak about who the company is and what they stand for.
Creating its mission statement
The mission statement should explain geographic area of districts and the target markets while speaking on how they intend to be profitable by taking in account external influences like labor situations, possible government, and economic conditions (McMillan, 2004).
Able Corporation is a manufacture company located in Tennessee that manufactures power tools, lawn mowers, lawn furniture, microwaves, and ranges with an objective to operate in the global marketplace. Are goal is to be customer friendly while beating the competition with our low prices.
Found information
This information can be found in periodicals, power tool websites, and industry magazine.
Already know
We already know that Able is a company located in Tennessee and their product is sold at Sears, Wal-Mart, and Best Buy. They build lawn mowers, microwaves, power tools and ranges and want to go global, they already sale in Canada, and the US. They advertise in papers on Wednesday and Sunday by inserts.
Strategic objectives
Since a strategic plan is an important module contained by a companys planning process to improve the companys position in the marketplace indentifying principles for prioritizing steps will help the strategic objectives. The use of the strategic management model would be a good start. Develop a vision and mission statements, establish long term objectives, generate, evaluate, and select strategies, implement strategies management issues, implement strategies marketing, finance, accounting, R&D, and MIS issues, measure and evaluate performance, and perform internal audits (Jeanty, 2001).
Evaluate the effectiveness of the process and measures
To effectively evaluate the process there must