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Strategic Plan for Teck Resources

   

Added on  2023-01-13

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Strategic Plan
Teck Resources
Strategic Plan
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Strategic Plan
Contents
Part A:....................................................................................................................................................3
Part B:....................................................................................................................................................3
Part C:....................................................................................................................................................4
References:............................................................................................................................................5
1

Strategic Plan
Part A:
TECK Resources: The company deals in natural resource mining process and is focused on providing
different metals in various geographical areas such as United States, Canada, Peru and Chile.
SWOT analysis of the current situation1
Strengths Weakness Opportunity Threats
Good Returns on
Capital Expenditure
Limited success
outside core business
Organization’s core
competencies
Rising raw material
Strong Free Cash Flow Need more investment
in new technologies
new technology Increasing trend
toward isolationism
Strong dealer
community
Financial planning is
not done properly and
efficiently
Opening up of new
markets
Growing strengths of
local distributors
Developing new
products successfully
Minimum marketing Stable free cash flow demand of the highly
profitable products
Superb Performance in
New Markets
Limited expansion in
adjacent product
segments
New customers from
online channel
exposed to currency
fluctuations
High level of customer
satisfaction
Integration with other
firms is low
The new taxation
policy
New technologies
developed by the
competitor
Strong Brand Portfolio Not very good at
product demand
forecasting
Economic uptick Intense competition
The main aim of an organisation is to create value that meets the expectation of people and firms
associated with the company. While taking consideration of broader aspects such as political, social
and environmental in which the company operates. Company has to follow an integrated approach
in the global environment.
Part B:
A strategic plan has five stage processes which are:2
Clarify Your Vision
Gather and Analyse Information:
Formulate a Strategy
Implement Your Strategy
Evaluate and Control
1 (Teck, 2019)
2 Extension (2014)
2

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