Business Strategy Plan Assignment Sample

BUSINESS STRATEGY

Table of Contents
INTRODUCTION...........................................................................................................................1
Task 1...............................................................................................................................................1
AC 1.1 Business missions, Vision, objectives, goals and core competencies inform strategic
planning..................................................................................................................................1
AC 1.2 The factors that have to be considered when formulating strategic plan...................2
AC 1.3 The effectiveness of techniques used when developing strategic business plans......3
Task 2...............................................................................................................................................3
2.1 Analyse the strategic positioning of VW AG by carrying out an organisational audit....3
2.2 Carry out an environment audit for VW AG....................................................................4
2.3 importance of stakeholders analysis when formulating new strategy for VW AG..........5
2.4 New strategy for VW AG.................................................................................................6
3.1 Appropriateness of alternative strategies relating to market entry, substantive growth,
limited growth or retrenchment for VW AG..........................................................................7
3.2 selection of a strategy for VW AG...................................................................................8
4.1 The roles and responsibility of personal at VW AG........................................................1
4.2 Estimated resource requirement for implementations New strategy for VW AG............2
4.3 Smart target .....................................................................................................................2
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................5

INTRODUCTION
Business strategy help the organisation to develop their objectives and grow business by
top management decision in certain plans in behalf of the higher authority to achieve long term
goals. BBC gives opportunity to bring share business idea on Dragons Den. The most unique
idea have been share. For every organisation the business mission, vision, objectives and core
competence will inform the strategic planning. All the factor that are be considered when
formulating strategic plan. It is important to use effectiveness of techniques used when
developing strategic business plans. From the case of VW AG strategic positioning of VW AG
by carrying out an organisational audit. Aalo it is can be Carry out an environment audit for VW
AG. The importance of stakeholders analysis when formulating new strategy for organisation
will help to make better growth and development. The nee strategy will help to brig the more
advancement. The Appropriateness of alternative strategies relating to market entry, substantive
growth, limited growth or retrenchment for VW AG. From the selected strategy and The roles
and responsibility of personal at the organisations. Estimated resource requirement for
implementations New strategy. The SMART target to achieve growth in organisation.
Task 1
AC 1.1 Business missions, Vision, objectives, goals and core competencies inform strategic
planning.
Overview of the organisations : Cocofina is an organisation deals in the coconut products
in natural flavours. The founder had presented their idea on the Dragoon Den and approved from
the judges.
Mission: To make the number one in with all the coconut related products in the organisations
and contribution in the nation economy to develop and help the society to bring better
development.
Vision:
 To give fresh and natural products to the customer.
 To serve the healthy and yummy coconut goodies across global.
 To make the better core competence from products only.
 They have brand represent healthy, highest and quality products.
Goals:
 They have ultimate goals only to serve the best from the best coconut for their customer.
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Objectives: Cocofina have objective is to give better products to h customer without any hidden
ingredient, additive flavour.
Core competence of the Cocofina are their strong product mix which have al natural flavoured
ingredients. They are offering various types of products which are made up of coconut. Cocofina
have include number of products organic gluten free coconut four ( Idler, 2014) . Organic virgin
coconut oil, creamed coconut, soya free coconut amino. Milk powderer made of coconut.
AC 1.2 The factors that have to be considered when formulating strategic plan.
There are various factor that are considered while formulating strategic plans. It is an
event but not an process. The following factor which are important to considered such as:
 Engagement : if the employee of the organisation will be properly engage with the
planing and give suggestion for taking various strategic formulation will help to from the
better decisions (Schneider, 2011). It can be possible that employer will find the insight
issues which are hindrance in the working environment due to employee engagement.
The more the staff will be execute the strategic decision than the outcomes will be far
better than the as compared.
 Communication: These can be the another factor which is considered to form strategic
planing with communication between employee and top management. From to bottom
level employee is necessary to involve in the strategic formulation with effective
communications.
 Innovations: It can be another factor that will be considered for strategic formulation to
give better strategic decision. These will help to bring the innovation in the organisation
with products development.
 Project Management: It can be major factor that have to considered for the strategic
formulation planing. The project management will help to brig the better decision for the
organisation in specific and important projects.
The above all the factor that will help to considered in the formulation of Cocofina strategic
planning for higher growth and development of organisations.
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