Strategic planning pdf | Strategic planning process pdf

Added on - Oct 2020

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Planning the Future Strategyof Your Business
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Methods for expansion utilised by company.......................................................................11.2 Assess success of business against performance indicator..................................................1TASK 2............................................................................................................................................22.1 SWOT analysis for business expansion...............................................................................22.2 Identify the barrier to growth...............................................................................................3TASK 3............................................................................................................................................33.1 Legislation relevant to employing........................................................................................33.2 Legislation relevant to staff welfare.....................................................................................43.3 Recruitment process for business.........................................................................................4TASK..............................................................................................................................................44.1 Ways of managing staff in business.....................................................................................4TASK 5............................................................................................................................................55.1 Option for growing business................................................................................................5CONCLUSION...............................................................................................................................5REFERENCES...............................................................................................................................6
INTRODUCTIONIt is necessary to planning of the future strategy for business and its growth as well asdevelopment. For that, companies create the business plan for expanding their business in theinternational market. Therefore, they need to focus on the strategic planning for business growthand development in the industry (Tomlin, 2018). This study is basedonMustache Restaurant.They want to establish the business in the United Kingdom. Report will explain method ofexpansion utilised by selected company. It will conduct SWOT analysis for business expansion.Furthermore, assignment will outline legislation relevant to the employing and staff welfare inthe business.TASK 11.1 Methods for expansion utilised by companyMustache restaurant wants to expand the restaurant in the Untied Kingdom. Therefore,they utilised the different methods for expanding business likePartnership:It is the method in which one or two individual done partnership that willbe utilised by firm in relation to expand the businesses. Company is joining with another firm toexpand business in the time honoured activity (Wirtz and et.al., 2016). In order to that,Mustache restaurant will utilise the joint venture for expanding their business in which they willjoin with another large restaurant in the UK. Through this way, another restaurant will share theirsystem, goods and services which help to expand their business in the UK.Targeting consumer:It is another strategy by which they expand their business at theinternational level. Therefore,Mustache restaurant will follow this strategy to expand and growof restaurant business in the UK. This can aid to increase consumer satisfaction and attentiontowards the business and its services (Ward, 2016). Also, it will help to increase profits and salesof restaurant business.In relation to that, company prepare business plan in which they focus on target newmarket, existing consumer, introduce the new product and services, raise staff and so on.Company want to expand the business in the UK. They introduce the new goods and serviceswithin the selected nation.1
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