Develop and Implement Strategic Plans

Running head: DEVELOP AND IMPLEMENT STRATEGIC PLANS
Develop and Implement Strategic Plans
Name of the Student:
Name of the University:
Author’s Note

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DEVELOP AND IMPLEMENT STRATEGIC PLANS
Table of Contents
Task 1...............................................................................................................................................2
Assessment 2...................................................................................................................................3
SWOT Analysis...........................................................................................................................3
PEST Analysis:............................................................................................................................4
Competitor Analysis:...................................................................................................................5
Task 3...............................................................................................................................................6
Strategic Objectives.....................................................................................................................6
Strategies which needs to be Implemented..................................................................................7
Task 4...............................................................................................................................................8
KPI progress Plan............................................................................................................................8
Milestone progress...........................................................................................................................9
Overall Progress.............................................................................................................................10
Improvement Required..................................................................................................................11
Reference.......................................................................................................................................11

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DEVELOP AND IMPLEMENT STRATEGIC PLANS
Task 1
Dear Stakeholders
Subject: Mission and Vision Review
This mail is formulated for the purpose of reviewing the changes which has taken place
in the mission and vision statement of the business and would also be citing the reasons for the
changes in the mission and vision statement of a business.
Existing Mission and Vision
Australian Hardware provides the best quality hardware, homewares, garden supplies and
building materials from Australia and the world. Australian Hardware is committed to providing
customers and tradespeople with value through everyday low prices, product quality.
Current Approach
The current approaches which is followed by the business is to promote the quality of the
products which is offered by the business. The focus of the business is to offer the best quality of
products to the business so that appropriate revenue can be generated from the operational
process of the business.
Revised Mission and Vision
The revised mission and vision statement should be focused on effectively combating the
competitive pressure in the market and thereby ensure that the quality of the product is
maintained and also the management needs to offer the products at low price. The management
aims to expand the operations of the business so that the overall revenue which is generated by

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DEVELOP AND IMPLEMENT STRATEGIC PLANS
the business is of appropriate quality1. The business also intends to follow a low-cost model so
that the overall operating costs of the business can be reduced.
Organizational Values
The organizational values which is followed by the business needs to be focused on
maintaining the quality of the products which is offered by the business2. The products which are
offered by the business would be offered at a low price so that the business can attract more
customers to the business. The business has the policy of focusing effectively on the needs of the
customers and provide the best quality of tools which is available in the market.
Assessment 2
SWOT Analysis
The situation being analysed is for Australian Hardware.
Strength
 The strength of the business is that it
is financially secure with growing
amount of revenues
 Wide range of product offering
 Strong community focus
Weakness
 Business would be required to adjust
to begin from behind the competitors
 It is unknown brand for Australians
 Little understanding regarding
Australian marketing and
1 Amran, Azlan, Say Keat Ooi, Riduan Toani Mydin, and S. Susela Devi. "The impact of business strategies on
online sustainability disclosures." Business Strategy and the Environment 24, no. 6 (2015): 551-564.
2 Killing, Peter. Strategies for joint venture success (RLE International Business). Routledge, 2013.