Developing and Implementing Business Plan Assignment 2022

Running head: MANAGEMENT
Developing and implementing business plan
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MANAGEMENT
ACTIVITY 1A
Aldi needs to be praised for practising strategic planning for acquisition of goods at
low cost from the suppliers. This provides the company with higher competitive advantage in
comparison to the other retailers. Here, one of the conditions is minimization of the
production costs (Aldi.com.au 2019). Typical evidence of this lies in the construction of the
business plan, which revolves around controlling the pricing of the products and the services.
The current operational plan reflects the measurability in terms of low production costs. This
is one of the effective grounds for luring more and more clients and customers. This is
through the means of quality products at cheaper rates. For this, adopting effective
communication channel helps in enhancing the parameter of customer relationship
management (Aldi.com.au 2019).
ACTIVITY 1B
1. Aldi’s vision aligns with providing a platform for the clients and the customers to
purchase the products and services at low costs (Aldi.com.au 2019).
2. Aldi’s mission is to acquire 50% market share to emerge as one of the reputed
organization, operating under the retail industry in Australia (Aldi.com.au 2019).
3. Aldi executes its business operation with the objective of maintaining consistency in
the productivity for maintaining the topmost position in the retail industry of Australia
(Aldi.com.au 2019).
ACTIVITY 1C
1. The internal environment factors of a business includes value system, mission, vision,
organizational structure, corporate culture, human resources, labour unions, physical
resources and technical capabilities (Papadas, Avlonitis and Carrigan 2017). All these

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MANAGEMENT
factors conglomerate to form strategic planning, which is needed for achieving
infrastructural development.
2. External environment factors of a business is segmented into macro and micro. In the
micro-environment, the factors involve the suppliers, customers, intermediaries and
financers affecting the productivity. On the other hand, in the macro-environment, the
main factors are political, economic, social, technological, legal and environmental,
which governs the expansion activities (Papadas, Avlonitis and Carrigan 2017).
Balance in the internal and external factors helps Aldi to gain higher competitive edge
in the market.
ACTIVITY 1D
The key stakeholders of Aldi are managers, shareholders, board of directors and
suppliers, who are involved in the planning process. Effective communication channels are
adopted for disseminating essential information related to the execution of business activities.
Examples of the channels are social media, emails and notice among others. The managers
are entrusted with the responsibility of creating strategies and executing it to the stakeholders
through the implementation of proper communication channels.
ACTIVITY 1E
1. There are many types of resources, which needs to be catered while making a
business plan. These are physical, human and intellectual reources. Physical resources
include raw materials, buildings, vehicles, transportation, storage, machines and
factories (Chambers and Humble 2017). Human resources are the employees and the
staffs, who would produce the required labour. Intellectual resources implies the
patents and copyrights, which helps in averting the illegal instances.