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Assignment on Strategic Planning of Organization

   

Added on  2020-04-21

7 Pages805 Words54 Views
Business Development
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Running head: STRATEGIC PLANNINGStrategic PlanningName of the StudentName of the UniversityAuthor’s Note
Assignment on Strategic Planning of Organization_1

1STRATEGIC PLANNINGTable of ContentsIntroduction......................................................................................................................................2Value Chain Analysis Definition.....................................................................................................2Primary Activities............................................................................................................................2Secondary Activities........................................................................................................................2Cost Advantages..............................................................................................................................3Differentiation..................................................................................................................................3Technology......................................................................................................................................3Linkage between Activities.............................................................................................................4Outsourcing......................................................................................................................................4Conclusion.......................................................................................................................................4References........................................................................................................................................5
Assignment on Strategic Planning of Organization_2

2STRATEGIC PLANNINGIntroductionStrategic Planning refers to the process to define the business strategies of theorganizations. Strategic planning plays an integral part in organizational decision-making and itprovides the business with necessary direction to achieve its objectives. One of the major parts ofstrategic planning is Value Chain that helps to add value to the customers.Value Chain Analysis DefinitionValue Chain Analysis is described as a major strategic tool used by the organizationalmanagers for the analysis of the internal activities of the companies. The main objective of valuechain analysis is to recognize the most valuable activities in the organizations (Fearne et al.2012).Primary ActivitiesThere are five primary activities in Porter’s Value Chain. They are Inbound Logistics likereceiving, storing and distributing inputs; Operations that the transformation activities; OutboundLogistics like collection, storage and distribution system; Marketing and Sales that are done topersuade customers; and Services that are done to maintain the value of products (netmba.com2017).Secondary ActivitiesThere are four secondary activities in Porter’s Value Chain. They are Procurement that isdone to get the necessary resources for operation; Human Resource Management that involvesrecruitment, hiring, motivation and others; Technological Development that are related to
Assignment on Strategic Planning of Organization_3

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