Factors to Consider when Formulating a Strategic Plan

This presentation analyzes the factors that need to be considered when formulating a strategic plan for business growth and development. It discusses the importance of industry dynamics, competitive strengths and weaknesses, risk factors, and strategic initiatives.

Introduction
The proper business strategy help for the further development and
growth of the company and create the appropriate market for the
entire thing. While a business strategy can develop the strong
background for the company on the other hand the absence of it
can be failed approach for this. Dragon’s Den BBC has created their
own business mission, vision, objectives and goals so that they can
able to work to the core competencies

Vision
 Capture and work with the international brand so that it makes a
strong step to the national and international market.
 A progressive hold to the market for the internal and external
specification of the company

Missions
 Some of the new capability get introduced so that they can connect to the
other brands in the market and able to face a progressive state.
 Working on the classic pitches for more development
 Airing to the international assessment and contribute to the globe
 Proper venture for the capitalists who wants to invest their money to the
company and create the particular exchange can work for equity
 Giving total security over the insurance and investment policy to the other
companies fetch successful business state.

Goals
 Create a good institution for assessing more business and generate the
active site for the other business to adjoin
 Forward the appropriate rules and regulations so that the commentary
purpose can maintained and progress for something more that can bring
goals furthermore
 Basic business shapes and their presentation get created
 All the subjective important thigs will be introduced to the business and
adjust for the further progression of things such as business name, their
productivity level, company’s net profit and their investment purposes all
need to reveal to the Dragon’s Den BBC.

Core competencies
 From the initial pitch the company take all the information so that
the valid understanding and acknowledgement get maintained and
generate a necessary business progression.
 No interruption for the initial pitch can assess for the great
strategic phrase for the company and they are working more on
that state so that their business can able to exceeds
 The potential broadcasting of things discuss for better assessment
of things and the outside investors get to face the proper
environment for the negotiation of any deal within the business
process.

AC 1.2 Analyse the factors that have to be
considered when formulating strategic plan
 Looking forward to the industry dynamics and several implications of
the same so that they can able to compete with the other businesses
and Dragon’s Den BBC is creating their own strategies for the
development scope in the market.
 The industry dynamics are the important part for the company and
while competing with the other marketers the company is taking care of
the several other risks facts about the investors market.
 The competitive strengths and weakness of the company need to judge
and assess for the growth and development fact so that they can create
their strategic point and put emphasis to the competitive landscape for
the entire business development.

 Considering various risk factors in the market it is essential that the
company can generate perfection by creating alternative strategies and
consider them for the high value market
 The strategic articulation needs to present there so that the company can
pursue one strong strategy over time
 Some of the powerful strategic initiatives can bring the major changes in the
market so that it can prove to be a stepping stone for the company
 After formulating the strategy it needs to put a strong assessment of things
that can project a positive financial projection for the company and judge
the results in a possible way

AC 1.3 Evaluate the effectiveness of techniques
used when developing strategic business plans
 Strategic planning can chance the organizational face in a strong
way to the customers and to the market
 Sales and marketing effectivity can progress for the company’s
own success point for the individual investor and the company is
investing their own finance for the later purpose of the company
 The investors from different market scenario is creating their own
valuable state so that the company can bring a harmony
between the market and the planning for the market can able to
maintain their commitment

 From the state sales plan to the regional basis of planning need
to progress so that new business strategy can bring development
and growth and can refuse the offer for the unsuitable investor
 The involved business states and the more involved business
contacts from both the sides can advocate for better
engagement in business