Question

Need a three to four  (3-4) page paper in which you:

1. Develop an argument supporting the importance of a strategic plan for the success of the defined business.
2. Create a mission statement for the company explaining how the mission will be essential to the company’s
3. Create a vision statement for the company explaining how the vision statement supports the company’s mission
4. Establish five (5) key objectives for the company encompassing operational, financial, and human resource aspects of the business and justify why each of these objectives is essential to the success of the business
5. Justify how the five (5) key objectives established support the mission and vision statements of the company as defined in the assignment
6. Use at least four (4) quality academic resources in this assignment

Answer 1

A strategic business plan is a detailed plan which provides a deep explanation about the strategic implementation of objectives and activities of a business. This plan is mainly intended for goal achievement. A strategic plan is important in the sense that, it helps an entrepreneur to gain a clear outlook of the activities to be completed, resources to be implemented and so on.

The following are the mission and vision statements of a computer manufacturing company.

Mission: To contribute towards technological revolution, by manufacturing first-class desktops, and laptops in a most feasible, reliable, employer and eco-friendly manner.

This mission conveys the nature of the business, its purpose and also the ethical mode adopted in manufacturing. It is essential since it conveys the motives of the company in a concise manner making it more easier to understand than any advertisements.

Vision: To be the largest contributor of electrical gadgets of the 21st century, along with increasing its stake in contribution towards students, workers,and middlemen in the most economical manner.

It is an explanation about how a company would like to place itself in the future. Vision aids the mission of a company to be meaningful since it is nothing, but an extension of the ion in the long run. A mission cannot be achieved without vision because a motive without any futuristic view will remain inactive and useless.

Key objectives of the company

1. To be one among the largest producers of computers and computer-related equipment of the 21st century.

2.To increase profit margin 3x times than the present level

3. To corner the most talented technicians and engineers and deploy them with the best salary available

4. To produce high-quality desktops and laptops than competing companies in a sustainable manner.

5. To develop a new technology/feature that differentiates the product from other companies.

These objectives seek to attain efficiency and effectiveness in all the major domains of the business namely, operation, HR, finance, etc. While arriving at a holistic view, this could contribute towards the development of the company.

It also supports the mission and vision statements. The objectives relating to profit, employee recruitment, technology, etc narrows down to the manufacturing of the products in the most feasible, reliable, employer and eco-friendly manner. This ultimately adds up to the achievement of vision which states its long term pursuit as a technological magnate.

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