Final Strategic Plan - Underwater Turbine Induction System

Essay , 2009 , 22 Seiten , Note: 100.00

BWL - Unternehmensgründung, Start-ups, Businesspläne

Final Strategic Plan: Underwater Turbine Induction System
Many organizations have a plan or a piece of a plan. But only a few organizations have a thoroughly developed strategic plan. Strategic planning is a process that has a beginning and no ending. Beginning with the formation of a mission and core values statement, the process continues with the development of a vision statement, long-term objectives, SWOTT analysis, strategies, and short-term objectives.
Several behavioral effects of strategic management improve the organizations welfare such as strategy formulation that assist the organization’s ability to prevent problems, group-based strategic decisions draw the best alternative choices, the involvement of employees in strategy formulation improves the productivity-reward relationship, which heightens their motivation. In addition, the reduction of breaks and double work in activities among individuals and groups results from strategy formulation which clarifies differences in roles and assists in reduced resistance to change. Pearce and Robinson (2004) comment “A strategy reflects a company’s awareness of how, when, and where it should compete; against whom it should compete; and for what purpose it should compete” (p. 4, para. 4).
Importance of Strategic Planning and Management in the Business Environment
The business I want to start is a green eco-friendly organization that designs and builds water turbine induction systems for power creation and water desalination for the United States coastal regions. However, starting a business is a challenge. Without proper procedures and guidelines, a new business owner cannot identify and maintain a game plan to success. Creating a rough outline or game plan by the issuing of a mission statement is part of the strategic management process. To coincide with a mission statement, a vision statement describes what the organization wants to become. This paper offers ideas on how important these factors are as well as the four concepts of business: planning, leading, controlling, and organization are to the creating and implementation of a strategic business plan.

Inhaltsverzeichnis (Table of Contents)

• Importance of Strategic Planning and Management in the Business Environment
• Define Strategic Management and Planning
• Importance of a Strategic Plan to the Success of this Business
• Four Functions of Management

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This strategic plan outlines the development of an environmentally friendly water turbine induction system for power generation and desalination in coastal regions of the United States. The plan aims to achieve sustainable competitive advantage by creating a unique and valuable position within the market. It emphasizes the importance of strategic planning and management in achieving business success and outlines the four key functions of management - planning, leading, controlling, and organizing.

• The importance of strategic planning for business success
• The role of strategic management in achieving organizational goals
• The four functions of management: planning, leading, controlling, and organizing
• The development of an environmentally friendly water turbine induction system
• The importance of sustainable competitive advantage

Zusammenfassung der Kapitel (Chapter Summaries)

• Importance of Strategic Planning and Management in the Business Environment: This section emphasizes the crucial role of strategic planning in achieving business success. It highlights the importance of a well-defined mission and vision statement, as well as the need for thorough planning, leading, controlling, and organizing.
• Define Strategic Management and Planning: This chapter defines strategic management as a set of decisions and actions that lead to the formulation and implementation of plans to achieve organizational objectives. It outlines the nine key tasks involved in strategic management, including mission formulation, analysis of internal and external environments, resource allocation, and strategic evaluation.
• Importance of a Strategic Plan to the Success of this Business: This section explores the specific benefits of strategic planning for the proposed business of developing and building water turbine induction systems. It highlights the importance of sustainable competitive advantage and the role of strategic planning in achieving design cost, quality, flexibility, and responsiveness.
• Four Functions of Management: This chapter discusses the four key functions of management: planning, leading, controlling, and organizing. It emphasizes how these functions are essential components of creating and implementing a comprehensive strategic plan that addresses both internal and external organizational factors.

Schlüsselwörter (Keywords)

The primary focus of this strategic plan is on the development and implementation of an environmentally friendly water turbine induction system. Key terms and concepts include strategic planning, strategic management, mission statement, vision statement, sustainable competitive advantage, planning, leading, controlling, organizing, and water turbine induction systems.

• Hochschule: University of Phoenix
• Veranstaltung: BUS 475 Integrated Business Topics
• Note: 100.00
• Autor: James Tallant (Autor:in)
• Erscheinungsjahr: 2009
• Seiten: 22
• Katalognummer: V167354
• ISBN (eBook): 9783640839223
• ISBN (Buch): 9783640839056
• Sprache: Englisch
• Schlagworte: final, strategic, plan, underwater, turbine, induction, system