Report on Strategic Planning for Vista

Strategic Planning

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
1.1 Organisational vision, strategy, mission and business plans and relationships among them
................................................................................................................................................3
2.1External factors that affect the organisation......................................................................4
2.2 Changes in the external environment affects the organisational strategy:.......................5
2.3 Stakeholder expectations which influence the organisations...........................................5
TASK 2............................................................................................................................................6
1.2 Vision and mission statements of Vista............................................................................6
M1 Affect of Vista organisation’s vision and mission on its strategy...................................7
D1 External influences affect organisational strategy in Vista..............................................7
TASK 3............................................................................................................................................7
3.1 Importance of review in developing organisational strategy and business plans.............8
3.2 Determine tools which can be used to review Business plan and organisational strategy8
M2 Review the position of Vista in its current market by using proper tools.......................9
D2 Competitive strengths and weaknesses of Vista current business strategy.....................9
TASK 4..........................................................................................................................................10
4.1 Modelling strategic tools for Vista.................................................................................10
4.2 Stake holder's role and interest in the formulation of the plan.......................................10
TASK 5..........................................................................................................................................11
5.1 Structure of plan to deliver the strategy.........................................................................11
5.2 Stakeholders are involved in developing plan................................................................12
5.3 Dissemination process to ensure stakeholders..............................................................12
M3 Monitoring systems to ensure the successful implementation.......................................13
D3 Develop a strategic plan.................................................................................................13
CONCLUSION..............................................................................................................................13
REFERENCES..............................................................................................................................15
.......................................................................................................................................................16

INTRODUCTION
In a business firm, strategic planning refers to a process of explaining a direction and also
strategy for allocation of resources to develop the business strategy. It is a systematic process
related to the envisioning of future and also translating the mission, vision, goals and objectives
of an organisation. Vista is a multinational retail business firm in United Kingdom. It do its
business related activities in an effective and proper manner (Barney,2014). In this present
business report mentions about the mission, vision and the core competencies of an organisation.
There is also a discussion about the external factors impacts on the organisation and also impact
on the business strategy. The expectations of stakeholders can be influenced on a business firm is
discussed in this report. In developing of a business plans and also policies, the stakeholder are
also involved in this.
TASK 1
1.1 Organisational vision, strategy, mission and business plans and relationships among them
Vision: vision of the company is to be the leading organisation in future and to expand
the business in various sectors. Its vision is to clear the objectives and the future strategies to the
employees regarding their expansion in the different sector and to globalise the the company
activities. Ultimately, they want to be leading provider of quality products and to deliver the
superior long-term returns to their shareholders, value for their customers and to provide reward
career to the employee.
Mission: The mission of the company is to bring the world, manage their capabilities and
experience and passion into products that help outdoor to achieve independence and success in
the activity of their choice (Smith, 2013).
Strategy: The strategy of the company is to develop the innovative products, grow their
brands, expand into the market, build new strategic partnerships and continuously improve their
performance.
Business plan: The plan of the company is to diversify the business by adopting the new
strategies of the business in different countries.
An interrelationship among all these terms is that if the company will not prepare the
effective business plan in a proper manner, then in this case management can not set its vision

and mission. From this employees will be confused about achieving the goals of company. So it
is necessary for top management is to make the business plan effectively and on the basis of plan
set its business objective properly. In this way that all are interrelated with each other.
2.1External factors that affect the organisation
These are the factors which are outside of the business and affects the working of the
organisation. External factors are those factors on which nobody has control and it arises
automatically or because of the natural calamity.
PESTLE analysis cover the all external factors which affects the whole organisation. In PESTLE
analysis P stands for Political, E for Economic, S for Social, T for Technology, L for Legal and
the last E for Environmental which defines as follows:
 Political: Political factors are related to the government of the country. It affects
the organisation if the government changes the rules regrading operation of any
business in the country (Spee and Jarzabkowski, 2011). This is not in the hands of
the management and not possible to make measures earlier.
 Economic: Economic factors affects the whole organisation. It includes the
situation of the recession in the country which in not in the hands of the
management. At the time of recession, people can not able to buy the expensive
things. It impacts on the economy of the country.
 Social: social factors are related to the society. These factors are like, the society
get harmed by your product or the society dos not get any advantage from the
organisation then it adversely affects the organisation.
 Technology: These factors affects the organisation when the technology used by
the organisation going outdated because of the reason of technology up gradation.
It affects the whole production capacity of the organisation adversely and reduces
their efficiency. For increasing the business, it is necessary for company to adopt
the new and advanced technology in order to increasing the effectiveness of
business and doing the business related operations properly.
 Legal: Legal factors affects the company when it indulged in the infringement of
the copyright. If the company works in the new country and doesn't know about
the legal regulations than they affect the most to the company.