Strategic Planning for Vista Group in the Film Industry

STRATEGIC
PLANNING

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Explain organisational vision, mission, strategy and business plans and the relationships
between them...............................................................................................................................3
Explain how external factors affect organisations and how changes in the external
environment affect organisational strategy..................................................................................3
Evaluate how stakeholder expectations influence organisations.................................................4
TASK 2............................................................................................................................................4
Analyses the mission and vision statements of respective organisations....................................4
Evaluates the impact of a named organisation’s vision and mission on its strategy...................5
Analyses how external influences affect organisational strategy for the respective organisation
.....................................................................................................................................................5
TASK 3............................................................................................................................................5
Covered in PPT............................................................................................................................5
TASK 4............................................................................................................................................5
Strategy options for a chosen organisation, using modelling tools.............................................5
Criteria for reviewing the potential strategy options...................................................................6
Apply the criteria and evaluate the options for delivering the strategic direction.......................6
TASK 5............................................................................................................................................7
Explain the structure of a plan needed to deliver the strategy.....................................................7
Explain how stakeholders are involved in the formulation of the plan.......................................8
Create monitoring systems to ensure the successful implementation of a strategic plan............9
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11

INTRODUCTION
Strategic planning refers to the formulation of business strategies executing them and
evaluating them on the basis of organisational objectives. This concept put emphasis on
integrating several business departments such as finance production marketing Information
System research and development and many more to achieve the goals of organisation (Bryson,
2018). To carry forward this report Vista group is considered which deals in the film industry
Technology for studios exhibitors and distributors. Vista group is made up of 8 businesses with
more than approximately 630 staff members across various countries. This report describe the
analysis of Vision and Mission of the company significance of developing organisational
strategy and the strategic options which company choose in order to provide direction to its
success.
TASK 1
Explain organisational vision, mission, strategy and business plans and the relationships between
them
Vision and mission: Vision statement describe that what company wants to be in the
future to achieve its position whereas mission statement describe that what company currently do
in order to achieve its vision. Both these factors are different and have their own purpose but a
common link among them is both provide a roadmap to company regarding the growth and
success.
Strategy and business plans: Strategies are developed in order to focus on the direction
and action in which company should move towards to achieve its vision and goal. A business
plan provides a structure regarding the ideas of various strategies policies and also considers
financial information to achieve goals and objectives (Cassidy, 2016).
Explain how external factors affect organisations and how changes in the external environment
affect organisational strategy
External factors are those which occur outside the company and cause change inside the
organisation that are beyond the control of company. Due to the arrival of sudden changes it
leads to impact the current strategies of an organisation and because of this company need to
change and adopt new strategy which might influence the frame of mind of employees and also
develop resistance of workers (Haines, 2016). Therefore in order to reduce the impact of external