Strategic Planning and Frameworks for Just Eat Takeaway.com
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This report discusses the strategic planning of Just Eat Takeaway.com along with the frameworks which can help in making strategies more effective. It includes Porters diamond model, Mckensey 5 S model, Ansoff matrix, and M&E concept. The report provides recommendations and limitations as well.
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TABLE OF CONTENT Introduction......................................................................................................................................4 Main body........................................................................................................................................4 Strategy of the company...........................................................................................................4 Porters diamond model.............................................................................................................5 Mckensey 5 S model.................................................................................................................6 Ansoff matrix............................................................................................................................7 M&E concept............................................................................................................................8 Recommendations............................................................................................................................9 Limitations.......................................................................................................................................9 Conclusion.......................................................................................................................................9 References......................................................................................................................................11
Introduction Strategic planning refers to a vision of the future predicted by the leaders of the company. It is important for the company to identify their future goals and objectives in order to achieve success and the process of strategic planning helps the leaders in determining that. It is a process that the company have to do so that they will be able to achieve their vision. The process starts with defining the strategy, providing directions, making effective and necessary decisions and lastly allocating the required resources so that the work can get started(Askegaard and Torp., 2020). It can also provide a control mechanism to the company which will help them in implementing the process. In context to Just Eat Takeaway.com, the company is a Dutch online food ordering and delivering company which is headquartered in Netherlands. The company is using various online platforms through which the company helps the customers in ordering food from anywhere with the help of the app and the company will make it delivered at their doorstep. In this report, the strategic planning of Just Eats Takeaway will be discussed along with the frameworks which can help in making strategies more effective. At the end of the report, limitations as well as recommendations will also be provided. Main body Strategy of the company The main strategy of the company currently is to focus on the delivery services of the company. The company believes that their delivery services must be the one point in which they should master by reaching to the last mile. It is important for the company to strengthen their delivery network and services as it will help them in having competitors advantage in the market. The main aim of the company is to connect customers with the restaurants without changing the location of the customers(Carolan., 2018). By strengthening the delivery services the company will expand the selection options for the customers which will help them in creating a customer base. The company believes that their market is less mature but are having a greater underlying growth opportunities which can help the company in increasing their profitability as well as will help them in archiving their goals and objectives. The increased scale of operations will help the company in increasing the operational efficiency of the company which will help the company in reducing their cost and provide low delivery fees benefits to the customers as well even after
maintaining their profitability. With the help of low delivery fees the company will be able to get competitors advantage in the market. Porters diamond model It refers theory which helps the company in identifying the competitors advantage that they have with the help of resources let the company possess It also helps the company in analysinghowgovernmentcanhelpandImprovingthepositioningloballycompetitive economic environment.It include factors which helps the company and identifying their competitive advantage and factors are given below : Firms structure, strategy and rivalry:The factor states that the competition of the industry determines the structure and strategy off the company(Leeand et. al.,2019). It is important for the company to make sure that the structure and strategy are supporting them in the market and are also making them more effective and efficient. In case of Foodsby, The structure of the firm indicates about the goals of the company and will determine the social, political and legal factors of the company. Demand conditions:The factor focuses on home country demand of the product . In order to capture the market and to have competitors advantage it is important for the company to make sure that that product is having adequate demand in the home country. In case of Delivroo, the company believes that more pressure will generate on the company to innovate their products if the company is having high demand of the product in the home country. Related and supporting industries:The factor states that success of one industry can highly be dependent upon suppliers and other related industries(Edge and Meyer., 2019). The cost efficient inputs ca be gained by the company with the presence and utilization of competitive suppliers present globally. In case of foodpanda, the company believes that it promotes rapid sharing of information and will also promote access to new products and technologies. Factor conditions:It refers to the factors which are providing competitive advantage to the company what are may or may not be present in the nation . There are different type of resources which are included in this factor including human resource , natural resource , capital resources etc . This include basic factors such as natural resources or labour and also include advanced factors such as skilled labour , specialized knowledge . The framework argues that basic factors will not provide competitors advantage to the company . in case of delivery hero, the company is specially focussing on advanced resources.
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Mckensey 5 S model The framework is used in order to identify the organizational design in order to identify ways in which effectiveness can be achieved in the workings of the company with the help of 7 key elements which are as follow: Structure:in context to Just Eat Takeaway. Com, the company is following flatter organizational hierarchy which helps the company in creating a learning and supporting environment(Williamsand et. al.,2018). The company believes that lesser managerial level will help the employees in having more access to the senior or top level management of the company. Strategy:in case of Just Eat Takeaway.com, it has been analyzed that the strategy of the company is being clearly defined and communicated to the employees as well as the management of the company. It will help the company in quick decision making and will also enhance the effectiveness in the workings of the company. Skill:With the help of training and developing activities , the company is able to have a skilled workforce which help them in completing their task effectively and efficiently . Skilled workforce is an important resource for the company which help them in achieving their objectives Without any mistakes or delays . System:the company has defined a welldemarcated systemswhich helps the company in effectively managing their business operations.The management of the company generally includes finance, human resource, marketing, etc.The systems of the company been designed with the tools and methods which helps the company incontiguouslyevaluating performance and the level of goals attainment. Shared values:the core values of the company is to communicate and foster a learning and supportive organizational structure which can not only foster the growth of the company but the growth of employees as well(Beverly and McLoughlin., 2019). The core values include creativity, honesty, accountability, etc. Style:The company is using participative style of leadership . It will help the company in managing their workforce effectively and efficiently . It also helps the company in providing appropriate guidance to their employees so that they can perform better and will also be motivated towards the workings of the company . In this style of leadership the company provide opportunities to the employees to take participation in the decision making process .
Staff:The company is having appropriate staff globally which are efficient in their workings and are helping the company in achieving their goals and objectives . The company provides training to their employees in order to enhance their performance and to increase the productivity . Ansoff matrix It refers to a framework which helps the company in analyzing the changes that they require in order to have growth. It helps the company by providing them strategies which can help them in their growth perspective. It helps the company in analyzing their growth as well as their market. The parameters are given below: Market development:The factor focuses on entering a completely new market with the existing product of the company . It provides an opportunity to the company to increase the market share and to expand their business which will eventually increase the profitability of the company . Product development:It refers do the factor which state that the company must develop a completely new product and provide it in the existing market(Al-Dhaafri and Alosani,, 2021). It will help the company in meeting the changing needs and demands of the customers which will increase the profitability of the company and will also be less risky . Market penetration:This factor states that the company must try to capture the existing market with the help of the existing product of the company . It is a less risky option for the company as they do not have to change their market are there products. The company can increase the market share by increasing their marketing activities or by providing effective options to the customers which can attract them towards the product of the company . Diversification:It refers to the most risky option off the framework . The factor states that the company should enter a completely new market with a completely new product . It is the most risky option because the company will have to invest high amount for expansion and even after that the product can fail miserably, if it is not accepted by the consumers or is to able to satisfy the customers of different market . In context to just eat takeaway.com , the company can opt for market penetration strategy as the present aim of the company is to capture that market share by improving their delivery services. Also it is a less risky option for the company which can help them in capturing a large share of market and will also help them in having competitors advantage in the market.
M&E concept SAF model: The model provide criteria to the company through which they can identify which strategy will suit the best in their organization . It will help the company in analysing the implementation process of their strategy add the future aspects which can impact the workings of the strategy . Suitability:It refers to the factor which helps the company in predicting whether the strategy will provide results according to the expectations of the company or not . It is important for the company to make sure that they are having strategy which is suitable for the structure and the operations of the company show that they can achieve the expectations (Zaninand et. al.,2020). There are various criteria which are important to be considered by the company in order to assess the suitability of the strategy . Some of the criteria are expectation stability , capabilities stability or environmental stability . The suitability will also be categorized in order to reflect the specific needs off the company . Acceptability:It refers do the step which helps the company in analysing the return , risk and reaction off stakeholders on the particular strategy suggested by the company . In order to implement any new strategy it is important for the management to influence the stakeholders of the company as without them the management will not be able to implement the strategy . The return of the strategy can be calculated on the basis of financial and non financial benefits that the company can have . The company can also analyse returns with the help of cost benefit analysis , other financial analysis . In terms of the management Must analyse any probability of the financial risk all losses that the company may have and its impact on the workings and profitability of the company . Feasibility:In terms of feasibility , it is considered to be one of the most important aspect for the company when it comes to implementation of the strategy . it is important for the company tomake sure that they are having adequate resources , Capability and finances required for the implementation off the strategy(Martin., 2018). If the company is lacking in any of these areas then they will not be able to implement the strategy in the workings of the company.There are number of financial test which are needed to be done by the company in order to analyse the feasibility of the strategy. In context to just eat takeaways.com , the company has analyzed all the factors and have made an effective plan which can help them In implementing the strategy successfully in the
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workings of the company . In order to enhance the delivery system of the company , financial feasibility and availability of resources will not be a concerning factor for the company . Recommendations It is recommended to the company that they must focus on improving the supply chain management which can help the company in achieving efficiency in their task . Having an effective supply chain management will also help the company in attaining competitors advantage in the market . It is also recommended to the company that in context to delivery services the company must expand the reach so that they can attract potential customers before their competitors . The company must make sure that they are reaching to the last mile possible so that they can enhance their workings. Limitations The revenue conflict between restaurant and delivery providers:In order to enhance the delivery services the company will have to make sure that restaurants are also providing support to the company(Della Spina., 2020, May). The delivery will only be done on time if the restaurants are providing the requested food on time to the delivery man. the company in order to influence restaurant will have to do negotiations which can create a conflicting situations between restaurants and delivery personal. Disguised increased expenses:In order to provide fast delivery services to the customer the company will have to make high investment in the delivery processes. It includes appointing new personals , Providing them vehicles , providing more margin to restaurants and including new systems in the workings of the company . The company will have to achieve technological advancement in order to enhance the delivery process and make it better than their competitors . Conclusion From the above report it is concluded that, in order to have success in the market and to increase the profitability of the company, it is important for the company to expand their business. It will help the company in making sure that they are working according to the goals and objectives of the company. Strategic planning will help the company in working according to a plan which can
help the company in making proactive decisions and will also help them in understanding the market well in which they are working. It will help the company in having competitors advantage as well in the market.
References Books and journals Al-Dhaafri,H.andAlosani,M.S.,2021.Roleofleadership,strategicplanningand entrepreneurial organizational culture towards achieving organizational excellence: evidence from public sector using SEM.Measuring Business Excellence. Askegaard, S. and Torp, S.M., 2020. Cultural corporate branding: An encounter of perspectives. InMarketing Management(pp. 199-216). Routledge. Beverly, J.L. and McLoughlin, N., 2019. Burn probability simulation and subsequent wildland fireactivityinAlberta,Canada–implicationsforriskassessmentandstrategic planning.Forest Ecology and Management,451, p.117490. Carolan, M.S., 2018.The food sharing revolution: How start-ups, pop-ups, and co-ops are changing the way we eat. Island Press. Della Spina, L., 2020, May. Strategic planning and decision making: A case study for the integratedmanagementofculturalheritageassetsinsouthernitaly. InINTERNATIONAL SYMPOSIUM: New Metropolitan Perspectives(pp. 1116-1130). Springer, Cham. Edge, S. and Meyer, S.B., 2019. Pursuing dignified food security through novel collaborative governance initiatives: Perceived benefits, tensions and lessons learned.Social Science & Medicine,232, pp.77-85. Leeand et. al.,2019. Conglomerates and Concentration. InThe Heterodox Economics of GARDINER C. MEANS(pp. 222-259). Routledge. Martin, B.C., 2018.Strategic planning in healthcare: An introduction for health professionals. Springer Publishing Company. Williamsand et.al.,2018.Exploringeatingdisordersin adolescents:The generosityof acceptance. Routledge. Zaninand et. al.,2020. The swinging role of visualization in strategic planning.Journal of Management and Governance,24(4), pp.1019-1054.