Strategic Planning Development: Assessing Information & Techniques

This assignment focuses on business strategy and strategic planning, emphasizing the importance of assessing information for effective decision-making. It covers key aspects such as defining a business mission, vision, objectives, and goals, along with identifying core competencies. The strategic planning process is outlined, including product layout, financing, plant setup, and market introduction. Factors influencing strategic planning, such as financial and human resources, and the external environment, are considered. Techniques like SWOT and PESTLE analysis are discussed for evaluating the effectiveness of strategic business plans, highlighting their role in ensuring profitability and managing development within the organization. This student-contributed document is available on Desklib.

BUSINESS STRATEGY
TASK 1

1.1 Assessing information and strategic planing
The business have to be established. That business establishment have the
need of the effective strategy planning. That will make the effectiveness.
The business is targeting the auto-mobile sector. The company is making
car which will not need the parole or diesel. It will get charge by the solar
energy. Their will be highest speed denoted as the 100 kilometre. In that
care 5 person can sit. The cost of the car will be 7600$ in the market.
Their will be the all feature which will is in normal car.

Business Mission
 To Attract more and more customer in the market
 Give satisfaction to the customer
 Making effective product quality

Vision
 Covering more and more market
 Becoming the top car in the coming 3 years
 Making high market share

Objective
 Making the profit
 Survive in the market
 Giving effective productivity in the market

Goal
 Making the promotion to attract
 Giving information about the product
 Reducing the use of petrol

Core competencies
 This is the innovation which is not done yet
 This is the risk making the innovation in this market.
 The cost of car will affect the company.

Strategic planing
In the china there are so many person how have done this innovation
but. They have net set the industry to make this type of car. This car will
be sale with the some company logo. The logo sowing the brand name.
The car will be dealing with some big bran name in auto-mobile sector.

Formulation of strategic planning
 Making the product layout
 Finding the financier
 Making the plant setup
 Making dealing with the brand name company
 Introducing the the product in the market
 launching the product
 Promoting the product and giving information abut the product in
market

1.2 Factor which will considered in formulating
the strategic planing
There are so many factor that will affect the the strategic planing in the
organisation. They have to bee manage properly. So they have to bee
analysis while making the strategy. This will help in making the
effective strategy. The factors which will affect the strategic plan.
 Financial resource
 Human resource
 External environment

1.3 Evaluating the effectiveness of the techniques used
when developing strategic business planes
The strategy making and planing should be so effective so that their
should be no problem in making profit from that strategy. So there are
some techniques which will help in managing the development in the
strategic planing these are:
 SWORT analysis
 PESTEAL analysis

REFERENCES
Astrachan, J.H., 2010. Strategy in family business: Toward a
multidimensional research agenda. Journal of Family
Business Strategy, 1(1), pp.6-14.
Auzair, S., 2011. The effect of business strategy and external
environment on management control systems: a study of
Malaysian hotels. International Journal of Business and
Social Science. 2(13).