logo

Strategic Planning on Vista Assignment

   

Added on  2021-02-20

11 Pages3294 Words215 Views
STRATEGIC PLANNING

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.Organizational vision, mission, strategy and business plan.....................................................12. External factors that affect the organization............................................................................23. Influence of stakeholder expectations on organization...........................................................3TASK 2............................................................................................................................................34. Mission and vision statement of the organization...................................................................3TASK 3............................................................................................................................................5enclosed in ppt.................................................................................................................................5TASK 4............................................................................................................................................5Strategic options for the company...............................................................................................5Potential strategy option available to firm...................................................................................5Evaluation of strategic direction..................................................................................................5TASK 5............................................................................................................................................6Structure of plan..........................................................................................................................6Involvement of stakeholders........................................................................................................6Dissemination process to inform stakeholders............................................................................6Monitoring system for successful implementation of strategic plan...........................................6Strategic plan...............................................................................................................................7CONCLSUION................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONStrategic planning is the systematic pan of achieving the business goal. Companiesimplements effective strategies in systematic manner so that it can meet with its organizationgoal. Present study is based on Vista which is a multinational firm and want to expand itsoperations. Present study will explain vision, mission of Vista company. It will evaluate howexpectation of stakeholders influence the organization. Furthermore, report will describeimportance of review in developing firm’s strategy and business planning. Strategic directionavailable to business will be analyzed. Strategic plan will be prepared for Vista alone withmonitoring strategies to ensure successful implementation of this plan.TASK 11.Organizational vision, mission, strategy and business planMission – VISTA is focused on making the world cleaner by balancing the ecosystem andsaving the energy and providing economic stability to the people and the organization. Thecompany is providing solutions related to the energy conservation and protecting environment byproviding quality products and excellent services to their customers and clients worldwide.Vision - The main purpose of this company is to reduce efficiency of carbon and fulfilling thenecessities of the global community (Wolf and Floyd, 2017). Their vision is to make the planetearth green and pollution free by improving the environment, their legacy is to make the worldbetter than earlier.Strategy – Vista uses two types of strategies that help them to expand their market in differentcountries which are as follows:Vertical expansion (Manufacturing) – With the use of this strategy, Vista lower theirproduction costs and increases the profit when expanding their business in othercountries.Horizontal expansion (Production) – Vista uses this strategy to set up their productionunits in the host country and distribute in the same country which saves transportationcosts and operation costs.Business plan – The business plan gives the direction and purpose to the organization in order tomove forward. Vista gives first priorities to the mission and vision of the company which helps1

them to set strategies to accomplish the objectives, manage cash flow and make decisions relatedinvestment. The mission and vision of the organization is dependent upon the strategies and businessplan as the objectives and goals of the organization can only be achieved through marketingstrategies which is implemented to improve the economic condition of the world. The vision issomething the Vista wants to achieve, mission gives the statement to achieve that vision whereasstrategies and business plans are the ways to use that mission to achieve the vision of theorganization, therefore, they all are inter-related with each other. 2. External factors that affect the organization.Pestle analysis will helps the organization to collect the details about the challenges thatVista is going to face in the macro environment other than competition in the marketplace.Political factor – This factor plays a important role as it directly impact on the profitability ofthe company. Vista is operating in more than 12 countries so it exposes itself to the political riskssuch as taxation, wage legislation, trade regulations and tariff. The changes in political factorsuch as rules and regulation will affect the organization as it vary from country to country, if acountry implement tariffs, taxation or environmental regulations then changes like this can affectthe organizational strategy to expand their business.Economic factor – The factors like inflation rate, foreign exchange rate helps to determine thedemand and investments within the economy (Nickols, 2016). Vista company can affected if thecountry's economic stability and exchange rates are not good, it will directly affect theirproductivity. The changes in this factor like inflation rate and exchange rates can affect theorganization strategy in raising their profitability and growing their business.Social factors – The culture of the society, attitudes and shared beliefs can affect theorganizational culture. The changes in the demographics and population of the country can affectthe organizational strategy in recruiting qualified candidates which is the main resource inachieving the organizational mission and vision.Technological factor – The rate at which use of technology is developing by the competitors ofthe Vista can affect its cost structure and offering of products and services to the customers. Italso impact on the structure of value chain. The changes in this factor can affect the operationsand functions of the organization which overall affect its strategies and business plan.2

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Report on Strategic Planning for Vista
|16
|4691
|38

Strategic Planning for Vista: Vision, Mission, and External Influences
|15
|5228
|3

Strategic Management and Planning
|27
|7412
|214

Strategic Planning for Vista: A Business Case Report
|23
|5225
|6

Strategic Planning Assignment: Vista Company
|14
|3607
|838

Strategic Planning for Vista Company
|11
|3365
|48