Strategic Management: Mission, Vision and Objectives of TechnologyOne

Running head: STRATEGIC MANAGEMENT
Strategic management
Name of the student
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Executive summary
The aim of this report is to discuss about the current approaches of mission, vision and strategic
objectives of TechologyOne. This report also elaborated about the profile of TechnologyOne. In
addition, the gap areas are being identified in the existing mission and vision of TechnologyOne.
There are number of gaps being identified and given a few recommendations. It is concluded that
strategic objectives for TechnologyOne discussed in this report will help them to effectively
achieve their mission and vision and enhance their business operation in long term.

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Table of Contents
Introduction......................................................................................................................................3
Mission statement of TechologyOne...............................................................................................4
Recommended mission statement................................................................................................5
Vision statement of TechologyOne.................................................................................................6
Recommended vision statement..................................................................................................7
Strategic objectives of TechologyOne.............................................................................................7
Conclusion.......................................................................................................................................9
Reference.......................................................................................................................................11

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Introduction
In the current business scenario, it is important for the business organizations to have
effective approach of strategic management. This is due to the reason that, effective approach of
strategic management can help the business organizations to stay ahead in the competition. In the
recent time, business organizations are also having the issue of intensive competition in the
market due to the presence of huge number of competitors. Therefore, they should have proper
approach of strategic management to drive their business effectively (Box 2014). In the current
time, one of the most competitive business sectors is the information technology sector. It is
reported that by 2018, the global information technology sector will stand at US$ 1.5 trillion that
is one of the highest among all other sectors. This sector is also witnessing huge growth in the
competition due to the entry of the firm from mainly India and China. These companies are
providing cheaper services to the customers. Thus, it is important for the companies from other
countries to have effective strategic approach to compete in this industry (Hill, Jones and
Schilling 2014).
TechologyOne is one of the leading companies in this sector based in Australia. They
were founded in 1987 and offered software solutions to the customers for financial services in
their initial stage. Afterwards they also entered in different sectors by offering more diverse
products (Technologyonecorp.com 2018). Currently, TechologyOne offers solutions to different
business sectors such as education sector, government sector, financial services, and healthcare
sector and for corporate. In addition, they also offer cloud services to their customers. It is being
reported that TechologyOne is having their business operation in New Zealand, Malaysia and
United Kingdom apart from Australia. However, on the other hand, they should also consider the