Development and Implement Strategic Plan for Newnham Technologies

Topic Name- Development and implement strategic plan- Newnham Technologies
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Table of Contents
Introduction.................................................................................................................................................3
Mission and Vision.......................................................................................................................................3
Mission....................................................................................................................................................3
Vision.......................................................................................................................................................3
Organizational values..............................................................................................................................3
Strategic objectives and strategies..............................................................................................................4
Finance....................................................................................................................................................4
Customers...............................................................................................................................................5
Programs.................................................................................................................................................5
People......................................................................................................................................................6
Compliance..............................................................................................................................................7
Information Required..................................................................................................................................7
Environmental Analysis...............................................................................................................................8
PEST analysis............................................................................................................................................8
SWOT Analysis.........................................................................................................................................9
Cooperative venture..................................................................................................................................10
Implementation of the plan.......................................................................................................................10
Assessment of strategic plan.....................................................................................................................11
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Introduction
Newnham Technologies, a new entrant in IT sector to provide service to the SME industries
since 2007 in Australia, has to review their strategic plan in order to make strong foothold in
the Australian and other markets.
The company has set vision and mission with corporate values and goals which is to be revised
in order to make the new strategic plan implemented with viability for long run and ensured
sustainability.
Mission and Vision
Mission
The present mission statement is emphasizing on creation and provision of technology solution
for forward thinking organization. To excel in the business, the company should think of
changing its mission statement to ensure extension of their professional service to such level
for the clients which can assure latest mode of technologies with best possible solution.
Vision
The present vision is highlighting the role of the organization as expert and resource center for
clientele base of SME industries. The same may be revised as the market leader with expertise
to provide high end support with the technological background and efficient human resource.
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Organizational values
The organizational values of the company had emphasized in different areas including prudence
in their offered service through professional deliverance with honesty and integrity to meet the
needs of the clients. This area should highlight core value of introducing efficient and able
workmanship to meet the need of the clients.
Strategic objectives and strategies
Strategic objectives are mainly set with different stakeholders to find their need or demand
from the organization and strategies are fixed to meet those expectations with specific time
frame and accountability of the human resource.
Finance
Strategic objective- Strategic objectives are to ensure rich cash flow with strong working capital
positions. This can be assured with ensured increment of revenue and proper utilization of fund
with justification and justification of ROI.
Strategies- suggested strategies to increase revenue are to plan turnover for the fiscal year with
steady growth by finding out the unexplored avenues like E-Commerce and incremental
clientele base. This can be ensured through proper budgeting with practical and viable
approach with full thrust to attain that budgeted revenue level. For healthy working capital, it is
to be ensured to have close monitoring on the current assets and current liabilities which can
confirm positive variance of current assets over current liabilities. Healthy cash flow can be
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