Strategic Planning for TNT: Analysis and Implementation
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Added on 2021-06-08
Strategic Planning for TNT: Analysis and Implementation
Added on 2021-06-08
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Table of ContentsIntroduction.................................................................................................................................................3Task 1..........................................................................................................................................................41.1 Assessment of how business missions, visions, objectives, goals and core competencies inform strategic planning:.......................................................................................................................41.2 Analyzing the factors that have to be considered when formulating strategic plans:.........................51.3 Evaluation of the effectiveness of techniques used when developing strategic business plans:.........6Task 2..........................................................................................................................................................62.1 Analysis of the strategic positioning of TNT by carrying out an organizational audit:......................72.2Carry out an environmental audit for a given organization:................................................................82.3 Assessment of the significance of stakeholder analysis when formulating new strategy:..................92.4 Presentation of a new strategy for TNT.............................................................................................93.1 Analysis of the appropriateness of alternative strategies relating to market entry, substantive growth, limited growth or retrenchment for TNT:.................................................................................103.2 Justification of the selection of a strategy:.......................................................................................104.1 Assessment of the roles and responsibilities of personnel who are charged with strategy implementation:.....................................................................................................................................114.2 Analysis of the estimated resource requirements for implementing a new strategy for TNT:..........114.3 Evaluation of the contribution of SMART targets to the achievement of strategy implementation in TNT:......................................................................................................................................................12Conclusion:...............................................................................................................................................13Reference:.................................................................................................................................................142 | Page
IntroductionSuccess of business organization largely depends on Strategic planning. Through a well strategicplanning an organization can easily gains its object. Actually without a well structured strategicplanning it is very hard to reach its ultimate destination. In recent days every the man who wantsto do business in any sector he must have knowledge about strategic planning. In every businessthere is competition. To compete with other organization and to survive in competition thecompany must have strategic planning. Strategic plan helps an organization to utilize itsresources in an effective way through reducing costs. If the organization doesn’t have anystrategic planning its costs will gradually increase and the way to ensure its objects will be veryhard. Being a student of this business school every student is able to know the actual facts ofstrategic planning. When they are going to do any business, they will be better. Throughanalyzing the assignment, it is clear that the world`s best transport service company TNT issuccessful for a long time as it has a well structured strategic planning. 3 | Page
Task 11.1 Assessment of how business missions, visions, objectives, goals and corecompetencies inform strategic planning:Strategies refers to a cautious method or plan for achieving a particular goal for a long time. Italso can be defined as the ability of carrying out or making plans to reach a goal. By Strategicplanning we understand a process which sets strategy, resource allocation and direction forreaching the longing goals of a company like TNT. In order to set the direction of a companylike TNT, it needs to understand the current position of the company named TNT and what isgoing to be future of the TNT. People related to business say during making strategic plan onehas to consider some major components. Without considering these components it is impossibleto make a strategic plan for a company like TNT. The major components of TNT are mission,vision, objectives, goals and core competencies.Mission: The basic aim of TNT is mission which explains why TNT exists and what TNT needsto do for achieving its vision. For TNT, the mission is much important because it describes howto gain the vision of TNT. Mission inspires the worker of the TNT to work together like a teamto gain TNT’s vision.Vision: Vision refers to an outline of a company like TNT which describes in future what TNTdesires to be, or in a fixed time what TNT wants to gain.Objectives: Objectives refers to the ultimate result that is required by a company like TNT. Themain/basic objective of TNT is to gain profit.Goals: Goal refers to a desire of a person. Goal ensures the target of the TNT by making theways of success.Core competencies:It is one of the major elements of business success. It helps TNT to makesomething different from the company who competes with us. It helps to make a bettercompetition with its competitor (Kaplan & Norton, 1998).4 | Page
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