Strategic Planning: Business Resource Allocation and Management

This report examines the critical role of strategic planning in business success, focusing on resource allocation and acquisition. It emphasizes the importance of aligning stakeholder goals through effective planning. The report delves into environmental analysis, encompassing internal and external factors like political, economic, and social influences, using the SWOTT table to illustrate strengths, weaknesses, opportunities, and threats. It explores trends in technology, environmental sustainability, cultural considerations, and leadership, highlighting how businesses can adapt to changes and leverage opportunities such as mobile communication, global expansion, and cultural sensitivity. The report concludes by stressing the need for adaptability, workforce considerations, and the importance of customization and localization to capture target markets, addressing potential barriers to entry and the value of strategic partnerships. The report references several academic sources to support its analysis and findings.

Strategic planning in response to resources in business
One of the major factors to consider for a business to succeed is strategic planning of factors including
allocation and acquisition of resources. This ensures that employees and other stake holders are working
towards a common goal. (Wiepking & Maas, 2009)
Environmental analysis
Environmental analysis includes internal and external and they both have an impact in conducting
business and hence determining its performance (Khan, 2016).These factors include political,
economical, social, government policies, unemployment rate and distribution of wealth, geographic
allocation, among others. Environmental analysis is done by first understanding the what will be
needed, identifying opportunities for the business in that particular area, finding out the dangers in that
field, then finally is proceeding to do all that findings. The strategy is explained in the SWOTT table
below.
Strength Weakness Opportunity Threat Trend
Technology Use of mobile phones
for communication
despite the distance
between employer and
employees.
Dependant on electricity
power
The digital world is advancing
each day for example
innovation of artificial
intelligence where machines
are used to engage customers.
If not well encrypted
information can be hacked
Invention of machines that are
human-centric meaning they
work just like human beings
Global Businesses can be
established even
Distant businesses are
hard to manage
Ensuring water supply in
areas that have no water like
Supply chain disruption
whereby there is no smooth
As population increase, it
dominates the market which

overseas since there is
effective communication
for example video
conferencing hence no
need to travel
compared to business
conducted under one
premises
arid regions. Selling distilled
water in such places while
places where agriculture is
practiced, new technologies
such as introducing drip water
irrigation is ideal.
flow of goods from producers
to consumers this may be
caused by poor transport
facilities that is poor
infrastructure
in turn increase consumption
of goods and services
Environmental In areas where the
environment is
conducive for example
humidity, enough rains,
agriculture can be
practiced and this not
only create employment
but also improves the
living standards of
people enabling them to
live better lives since
they can afford to buy
things they need
In arid and semi arid
areas where there isn’t
much water supply, and
the weather is usually
sunny may discourage
agriculture
People should be sold
contraceptives that lead to
desire of a small family size
and encourage family
planning.
Population increase leads to
much consumption of energy
and material that in needed
for more other people this is a
great threat to sustaining the
human race
Protecting the environment by
planting trees whenever they
are cut down this calls for
nurturing different tree
species to be sold so that
people can be educated on
how to plant them
Culture A different people have
different taste in social,
economic, religious
issues. And when they
Failure to adapt to a
communities culture
which include language
barriers making it
After identifying and learning
a particular culture, it’s only
wise to give them what they
want in terms of goods and
Some communities have a
belief in not consuming
certain products or services
for example Muslims don’t
Educating certain
communities so that they can
embrace change and convince
them to learning certain

are involved, they
contribute to a growth of
a business
difficult for
communication.
services. eat pigs. civilized way of leaving. This
can be done may be by
building schools and higher
institutions of learning.
Leadership Its mandatory for a
successful business to
have a good leadership
and this can be achieved
by leadership training
and practices
Arrogant leaders tend not
to listen to their
subordinate yet they are
the people that really
count since they do the
minor jobs and
understand the peoples
need
Measuring the right things in
business like performance in
every field. Leaders should
ensure employees complete
their tasks on time to avoid
any unwanted inconveniences
Poor management is a threat
in correspondence with
business leadership this
affects employees negatively
since they will luck a pace
setter creating an environment
with much chaos
Creating leadership training
where they can be taught how
to handle their subordinates
will be ideal. Since there is no
particular protocol for one to
follow to be a leader but to
serve
Emerging forces and trends in economy include; unemployment level, inflation rate, fiscal policies and
government changes, strengthening global demand. Legal and regulatory forces include taxation
(Wiepking & Maas, 2009). Tax can support a business while other tax restricts other certain business
operation. When taxes are raised, the prices of products increases therefore consumers tend to shy off
from buying certain products this affects a business negatively since it reduces consumption by
consumers and vice versa. An organization can only adapt to change if it accepts failure and looking for
possible solutions to curb that loop since it will be only for a while. (Lampert, 2016). Failure to do this is
the exact opposite meaning they accept failure by quitting, abandoning progress and actually just giving
up whenever challenges emerge (Xuedon2016).

When organizations fail to promote the sense of responsibility among its employees, this creates mistrust
in fulfilling their particular work task. Workers then tend to lose their belief in that institution and they
end up blaming one another. When accountability is highly respected in organizations, employees don’t
just make decisions but they critically think on whether that particular decision affects their business
unit or those around them as well. A strategic plan gives out the guidance of what a company will follow
to achieve an organizational vision or goal. It includes structure and culture which plays a large role in a
company’s ability to adapt and thrive under changing conditions. (Hefferan & Ross, 2010)
Company likelihood to implement a particular plan may be affected by whether the action fits with your
company culture and whether the model of the organization can embrace the change (Lampert, 2016).
Workforce issues should also be considered since there are those with high skill, unskilled and those that
have mixed workforce skill and they all respond in a different manner Major issues and opportunities a
company faces include Customization and localization which considers making demands locally (Khan,
2016). Companies should be flexible and adaptable to capture the target markets business opportunities.
Barriers to entry such as language and culture, infrastructure, expensive transport and logistics may tend
to hinder business from occurring. The most appropriate solution to this is for leaders in a company to
look for appropriate partners who have knowledge how to overcome such challenges while maximizing
business opportunities. (Wiepking & Maas, 2009)
In conclusion, a business or an organization set up has to undergo the above stages for it to be of
influence and thereafter successful. Each and every factor is important be it the present or the future
expectations of a firm

References
Austin, A. (2017). Turning Capabilities into Functionings: Practical Reason as an Activation
Factor. Journal Of Human Development And Capabilities, 19(1), 24-37.
Http://dx.doi.org/10.1080/19452829.2017.1364225
Hefferan, M., & Ross, S. (2010). Forces for change in property education and research in
Australia. Property Management, 28(5), 370-381.
Http://dx.doi.org/10.1108/02637471011086554

Khan, A. (2016). Operating from a wheelchair. Trends In Urology & Men's Health, 7(2), 25-27.
Http://dx.doi.org/10.1002/tre.513
Lampert, R. (2016). Discussions around goals of care: An ethical imperative. Trends In
Cardiovascular Medicine, 26(1), 44-45. Http://dx.doi.org/10.1016/j.tcm.2015.04.012
NĖNIENĖ, I., RAGAIŠIENĖ, A., & KUMPIKAITĖ, E. (2013). Traditions and Inovations of
Yarns in Lithuanian Folk Fabrics (19th Century). Materials Science, 19(2).
Http://dx.doi.org/10.5755/j01.ms.19.2.4436
Sanders, L. (2014). High times: Legalization trend forces consideration of pot's dangers. Science
News, 185(12), 16-20. Http://dx.doi.org/10.1002/scin.5591851215
Wiepking, P., & Maas, I. (2009). Resources That Make You Generous: Effects of Social and
Human Resources on Charitable Giving. Social Forces, 87(4), 1973-1995.
Http://dx.doi.org/10.1353/sof.0.0191
Xuedong, G., & Kan, G. (2016). Determination of the Starting Point in Time Series for Trend
Detection Based on Overlapping Trend. Cybernetics And Information Technologies, 16(6).
Http://dx.doi.org/10.1515/cait-2016-0080