This report outlines the strategic planning process for Macville Private Limited, a Sydney-based manufacturer of Espresso Coffee machines. It includes a vision and mission statement, core values, SWOT analysis, and objectives for the business.
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Running head: DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Strategic Planning Name of the student Name of the university Author Note:
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2 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Table of Contents Introduction......................................................................................................................................4 Vision of the Company....................................................................................................................4 Mission of the Company..................................................................................................................4 Revised Vision and Mission............................................................................................................5 Vision...............................................................................................................................................5 Mission............................................................................................................................................5 Organizational values......................................................................................................................6 Notes on meeting with the stakeholder............................................................................................7 Core Values of the Company...........................................................................................................7 Strategic Priorities...........................................................................................................................8 PEST Analysis.................................................................................................................................8 Value Chain analysis.......................................................................................................................8 Inbound logistics..............................................................................................................................9 Sales.................................................................................................................................................9 Service.............................................................................................................................................9 Outbound Logistics..........................................................................................................................9 Operations......................................................................................................................................10 SWOT Analysis.............................................................................................................................10
3 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Objectives of the Business.............................................................................................................12 Objective 1.....................................................................................................................................13 Objective 2.....................................................................................................................................13 Objective 3.....................................................................................................................................14 Objective 4.....................................................................................................................................14 Parties responsible for the development........................................................................................14 Communication Plan.....................................................................................................................15 References......................................................................................................................................16
5 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Mission of the Company The mission statement of the organization must be in line with the vision statement. The immediate mission of the company is to establish additional cafes in different parts of Australia especially in New South Wales and Queensland. Gaining this very mission will help the organization to become a nationally branded one and an integral part of the Australian hospitality industry. The following mission statement has to be agreed by all the stakeholders and the seniors inthemanagementofthecompany.Thestatementmustbeimplementedandreviewed periodically by the organization as because it is not precise enough and also to see whether it still encompasses all the relevant activities within the organization. The main approaches and the practice done by the management of the organization are as follows, 1.Development and improvement of the drugs and the services 2.Proper engagement with the customers, suppliers and a proper research about the market Revised Vision and Mission Vision The new vision of the company must be to be unique and innovative in nature and discover new ways and process to increase and improve the efficiency and effectiveness of different solutions of the customers.
6 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Mission The mission of the company will be to embrace proper strategic alliance and search for new partnerships in the coffee business. The search for new partnerships in Australia will help the organization to ensure day healthy market share and be one of the top coffee cafes in the country. After the meeting with the marketing heads of the company it is seen that the organisation has a number of clear vision and goals to achieve the targeted sustainability and growth in the Australian market. This includes, 1.Profit-The increase in the return and the maximizing of the return to the shareholders by following all the different responsibilities within the organisation (Parmenter 2015). 2.People-The people here are referred to as the employees who will be trained in such a manner that they will have love for working and will be motivated to work for the company 3.Partners-As mentioned earlier gaining partners in this industry will help MacVille to increase their brand name and maximize profit. 4.Portfolio-Bringing to the world a Portfolio of different beverages brands will satisfy the customers needs. According to, Bryson (2018) the changing needs of the customers and the following of the latest trends will force the organisation to acid in new changes and change the portfolio every now and then. Organizational values 1.Identification of the latest trends 2.Identification of the different needs of the customers
7 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS 3.Participating in the local social and traditional customs 4.Engaging with the community 5.Involving the organisation in corporate social responsibility Notes on meeting with the stakeholder ï‚·The development of strategic alliances partnerships ï‚·Participation of the company in community programs ï‚·To be innovative and motivated towards self direction ï‚·Identification of different faults from the previous meeting and development of special initiatives to ensure success in the future Core Values of the Company Core ValueDescription Honesty To be honest in every business activities and make the customers believe on the honesty of the organization Integrity To be integrated and dedicated towards serving the customers in a proper and efficient manner that will be helpful for the organization Friendliness It is important for the organization to be friendly towards the customers and also the employees of the organization. The management of MacVille must ensure to be in good terms with the employees. Being in good terms with the employees will ensure a better behaviour from the employees towards the customers which in turn will increase the reputation of the organization.
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8 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Strategic Priorities PEST Analysis PEST Analysis helps to identify the external challenges of the company. This includes the likes of the; 1.Political Analysis-Political factors are influenced by the likes of tariff on import of the machinesandotherglobaleconomicaltrends.Apartfromthisthepossibilityof introducing carbon tax in Australia can also have a heavy impact on the strategies of the organization (Karepovaet al.2015). 2.Economical Analysis-The economic situation and trends in the country is one of the major economic factors (Soulardet al.2018). The current economic trend in Australia is quite stable and the strengthening of the Australian Dollar against other trading partners is an added advantage. 3.Social Analysis-The new trend amongst the young generation of Australia is to hang out in cafes and enjoy quality time. Therefore the new company can offer the perfect place for hangout to the individuals. 4.Technological Analysis-According to, Leigh and Blakely (2016) the growth in the home marketforEspresso machinesand themanufacturingof technologicallyadvanced espresso machines that save 30% of energy helps in the growth of the industry. Value Chain analysis Value Chain Analysis is used for identifying the different sources of competitive advantage. As said by,Miller Lee Obersky and Edwards (2015)it helps in the opportunities to
9 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS secure cost advantage and clear product service differentiation. Apart from this it also includes the value beating activities of all the different participants in the industry. Inbound logistics The lack of personal experience for customs and import is a huge problem for the organization. Inbound logistics is concerned with receiving storing and distributing different inputs. Sales Marketing and sales department of the company are currently operating quite well and strong points for profit. It can be extended by the use of internet and it identifies the needs of the customer and the point of generation of sales. Service The company enjoys a good reputation for after sale service to the customers and it is capable of maintaining the value of the product after purchase. Outbound Logistics The delivery company that was constructed by the company is not able to deliver machines on time because of the first expansion plans of MacVille. The failure to do so has lead to problems in Logistics for the company(Cummings and Worley 2014).
10 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Operations The operations of the company are supported by a world class infrastructure and a proper strategic planning. It comprises of the transformation of the inputs into the final product. SWOT Analysis The objective of conducting the SWOT Analysis in this particular case is to study on; 1.The competitive Advantages of the company in Australia 2.Study the threats of the organization 3.Organization for the setback of the company 4.Explore the market to set out the strategies of the company in a proper manner. ChallengesEnablers (Strengths)(Weaknesses) ï‚·Well established reputation and after sales service by the company ï‚·Excellent mix of Advertising and after sales service ï‚·Well behaved employees ï‚·Wide variety of options in beverage and drinks ï‚·Supply Chain problems ï‚·Poor performance of the delivery company that has been contracted by the organization ï‚·Presence of too many fresher is a problem (Opportunities)(Threats) ï‚·Online advertisement ï‚·Low competitors in the market ï‚·Increase in the population helps to increase number of potential and targeted customers ï‚·Unable to tackle the import and customs problems ï‚·Raise in the interest rates ï‚·New companies like Nufix.inc and Bean ex coffee is entering the market
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11 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Strengths The company has a well established reputation because of the after sale services provided by them. The excellent doctor for services acts as a major strength for the organization (Cummings and Worley 2014). Apart from this an excellent mix of advertising and after Sales Service along with the presence of well behaved employees also act as a factor of strength. The capability of the management to provide a number of options in beverage and drinks helps the company to attract a large number of customers. Weaknesses According to, (Grahamet al.2018) there are problems in the supply chain of the business as poor performance by the delivery company that was constructed by the organization has led to a number of problems. Apart from this the presence of a large number of fresher as the employees of the organization also acts as a huge weakness for the organization. Opportunities Online advertisement and presence of low competitors in the market is two of the largest opportunities for the business. Apart from this the predicted increase in the population will help to attract a number of customers in the future. Threats The largest threat of the company is the inability of the company to tackle import and Customs problems. Apart from this the rise in the interest rates and emergence of new companies like Nufix.inc and Bean ex coffee are the largest threat for the company (Grahamet al.2018). Business Name: Home Espresso Trades
12 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Objective:Selling espresso machine in joint venture with MacVille Strengths:Home consumer market compliment consumer commercial market of Australia. Weakness:Alliance will focus on non-hospitality sector Risks:The partner may not fulfill financial commitment Access to trade secrets and strategic secrets Market share can lead to a negative customer base Business Name: Java Estate Strengths:The total commitment to the coffee industry Weakness:There will be chances that the company may not recommend the espresso machines produced by MacVille to their clients Risks:Financial Concerns are a problem for the organization Objectives of the Business 1. To sell and service espresso machines in all states of Australia by accepting different other companies and to look for opportunities to build warehouses in other areas of Australia 2. Plan to establish MacVille brand recognition in key markets for the next few years 3. Reduction in the energy wastage by 10%
13 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Objective 1 Selling and servicing expressive machines in all states of Australia by accepting Java state tender and to look for where are opportunities other high volume estates strategies. a.Signing action and establishing strategic Alliance with Java estate KPI plan To install 200 machines per annum b.Establishing warehouse for MacVille KPI plan To open warehouses in Melbourne and Sydney for business opportunities c.Setting agents in other states of Australia and Outsourcing different contracts for maintenance Objective 2 KPI Plan a.Increasing profit margin by 10% from the earlier strategy KPI plan Planning hundred percent purchases by bulk load b.Operating All the departments at optimum capacity and productivity
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14 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS Objective 3 KPI plan Establishment of Mac Wheel brand recognition in key markets of Australia in next 5 years strategies KPI plan 1000 Clicks on the website per day Joining with Java estate in co-branding cups and banners KPI plan 100% usage of Cafe using the different machines and cups Objective 4 KPI plan Reduction in the energy wastage by 10% SettingupInnovationandrewardprogrambyplanningdifferentsuggestionsand innovations and introducing them every year to reduce wastage Development and implementation of energy using awareness programs that could plan eye drop age of 10 kilowatt energy per person Parties responsible for the development ï‚·Human resource manager
15 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS ï‚·Research and Development Manager Communication Plan COMMUNICATION PLAN AudienceMessageDelivery Time FrameType of CommunicationMessenger 1Training Plan20 minutesOralManagement 2Strategic Planning15 minutesOnlineOperational manager 3Implementation Planning30 minutesSkypeOperational manager
16 DEVELOPMENT AND IMPLEMENTATION OF STRATEGIC PLANS References Bryson, J.M., 2018.Strategic planning for public and nonprofit organizations: A guide to strengthening and sustaining organizational achievement. John Wiley & Sons. Karepova, S.G., Karabulatova, I.S., Novikov, V.S., Klemovitsky, S.V., Stratan, D.I. and Perova, A.E., 2015. New approaches to the development of methodology of strategic community planning.Mediterranean Journal of Social Sciences,6(3 S6), p.357. Soulard, J., Knollenberg, W., Boley, B.B., Perdue, R.R. and McGehee, N.G., 2018. Social capital and destination strategic planning.Tourism Management,69, pp.189-200. Leigh, N.G. and Blakely, E.J., 2016.Planning local economic development: Theory and practice. SAGE publications. Miller, J., Lee, A., Obersky, N. and Edwards, R., 2015. Implementation of A Better Choice Healthy Food and Drink Supply Strategy for staff and visitors in government-owned health facilities in Queensland, Australia.Public health nutrition,18(9), pp.1602-1609. Cummings, T.G. and Worley, C.G., 2014.Organization development and change. Cengage learning. Graham, S., Barnett, J., Mortreux, C., Hurlimann, A. and Fincher, R., 2018. Local values and fairnessinclimatechangeadaptation:InsightsfrommarginalruralAustralian communities.World Development,108, pp.332-343. Parmenter, D., 2015.Key performance indicators: developing, implementing, and using winning KPIs. John Wiley & Sons.
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